The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1895-01-05
VERY POOR SHOWING
FEW MILES OF RAILWAY con-
sTRUCTED IN INDIANA LAST YEAR.
Chances Good, However, for the
Building of Four or Five Hundred
Miles the Present Year.

The railway construction on Indianapolis
lines and, in fact, for Indiana. in 1894,
was the smallest in the railroad history of
the state. indianapolis lines did nothing
except in the way OF few side tracks
and short branches aud in the State but
little progress was made. Twenty-Five miles
of the Chicago, Indiana & Eastern road was
constructed; forty miles of the Findlay,
Fort Wayne & Western was Completed
eighteen miles of the extension of the
Chicago & Southeastern was also COM
pleted. The covers really the new rail-
way construction of the year and in such
excellent condition We're roadbeds at the
beginning of 1894 that less was done in the
way of laying steel rails, putting. in
ties and constructing new bridges than
usual, the Monon being the only road which
accomplished much in this direction, that
company putting down forty-fve miles of
new steel rails. The first eight months
of 1894 were marked by such stagnaton
in business that the most venturesome
of railway officials dared not incur much
expense above actual necessities, but the
increase of business with Indianapolis lines
the last four months has considerably en-
couraged the resumption of new construc-
ss5 Witness The budns Of sur fout or anoh 1--we
hundred miles of road in Indiana, con-
siderable mileage of which has been pro-
Jectcd several years, but not pushed fur
Their than securing the right of way and
subsidies; in some cases enough grading
has been done to hold the right of way
and franchise and in some cases the sub
sides.
stop-Over Privilege Denied.
Mention was made recently that the New
York Central would on the 1st of January
put into effect rule doing away with
stop-over privileges on local tickets which
in effect is that the holder of ticket
from New York to Buffalo cannot stop over
at Albany, Syracuse. Rochester or any
other intermediate point. Each ticket is
punched TO designate the day OF it's sale
and must be used before midnight of the
following day. The New York Central is
doubtless in better condition to enforce
such a rule than any other road in the
country, still, passenger agents of other
roads are somewhat dubious about the ex-
pertinent, for such it is. George H.
Daniels, general passenger agent of the
New York Central, admits that the rule is
aimed against the scapers He says: 1--WE
have been bothered very much lately by
ticket forgerics where the written name
to the place 70 which the ticket reads
would be scratched out and another put
In it's place. We simply desire to control
our own ticket selling absolutely. OF course
hereafter people cannot buy their tickets
several days IN advance of the time when
they propose to use them"
one experienced passenger agent re-
marked: lit is almost impossible to is
sue a railroad ticket that cannot be ma
niru!ated. No matter whether a ticket is
use q second time. if it falls into dishonest
hands. know of an instance where the
date of issue and the date of limit on q
ticket over the Wabash road were punched
when the ticket was first used Two years
afterward the same identical ticket turned
up with different dates punches thereon.
The original punch holes had been neatly
filed In ana remembered that the ticket
passed through the Wabash auditing de-
partment without the alteration being dts
covered. s.5ni
scheme to Take III IL. tS II. Bonds. 8,
Harvey Fisk & Sons or New York9ahas
issued circular to Evansville & Rieh-
mond bondho!ders, submitting al prop
osition from the Evansville & Terre
Haute road, for the settlement of claims.
1t is proposed that the bondholders sur
render their bonds with all coupons at
tached and accept non-cumulative and nom
voting per cent preferred stock of the
Evansville 4 Terre Haute at the rate of
~ per cent for the par of their bonds
and par for the interest accrued and I'M
stock is limited to the amount required to
take up the 81 10000 Evansville X Rich
mond bonds outstanding. Harvey Fisk
a. Son recommends the acceptance of the
their bonds for deposit with the Mercantile
Trust Company.
New Item of Expense.
The directors of the New Jersey Central
have decided to deduct from earnings a
sum equal to the amount of the income
tax which the stockholders will have no
1t..tsl L..