The Indianapolis journal., 1895-08-10

Now, II this state OF affairs goes on far
enough IL will result In what is very gen.
orally known as a rate war And yet this
Is hardly probable. chiefly because leading
roads are not as yet showing signs OF
rates. However. their managers are on the
qui vive, and when questioned as TO their
probable action in the event of a further
their heads ominously and hint that they
too"
Chicago and Ohio River Lines.
The Chicago and Ohio river roads met at
Chicago yesterday. but the meeting did not
turn out to be as important as was expect
ed 1t was generally believed that the lines
would take up the question OF forming a
pool which would not be liable to run them
up against the interstate-commerce law,
but the general passenger agents who were
In session concluded that the matter was
somewhat too weighty for them. and il will
be left for meeting of the general man
ayers. who will not meet before October at
the inside. The only matter OF importance
done at the meeting was the adoption OF
two OF the forms OF tickets for the Atlanta
exposition. which were rendered by the
Southern roads yesterday. They decided to
accept the first two propositions Of the
Southern roads, which are.
First-A rate OF Is per cent. Of the double
local one-way rate with tickets limited to
Jan. :: These tickets may be sold daily
from Sept Is 10 Dec. 10.
Second-A rate of one fare for the round
trip. plus 10 per cent, tickets TO be sold
daily; tickets limited to twenty days from
The third proposition, which was for a
rate Of cent per mile for ten-day tickets,
was declined. After settling this matter the
roads attended TO some routine business and
adjourned.
There is very little prospect that any of the
CATION q Of If se Ce5ra Tr Association viii
make any reduced rates for the Atlanta ex-
posit on At least, they are at the present
SSa asT 20 uois 80 ,,Id VI ~, men
cept any OF the forms OF tickets submitted
by the Southern lines
An Old Rate Trouble Adjusted.
The old question of rates at East St.
Louis which has created so much friction
between the Alton and the Wabash roads
for the last year. is in fair way to be
settled at last, and the chances are that ii
has already been settled by private agree
ment OF the two roads. The matter was
some weeks ago submitted to a board OF
arbitration, which, after struggling with the
question for some time, announced that IT
was unable 70 understand just how much
the roads wanted them TO decide. They put
number OF questions to the contestants.
and asked them II they desired a decision
on those matters The roads said they did
not. and finally Withdrew the whole mat
ter from arbitration. The Alton people
were very chary OF discussing the matter
admit that the matter had been settled for
good, although IL was said at their offices
that the matter will not trouble the West
basis or settlement was that the conditions
that prevailed before the dispute are to be
restored: The. Wabash also Withdrew its
tickets from sale at East St Louis, and the
Alton Is to reduce the rate from East St.
Louis to Kansas City to where IL was be-
fore the dispute began This means the re-
duction or the present rate by = cents. The
Alton people would not admit that the set
Element was on this basis. but il is known
that the Wabash has for long time been
willing TO take such action If the klton
would reduce the rate. and 1t was not will
ing to take its tickets from East st. Louis
unless the rate was reduced.
Purchases by the Brfce Syndicate.
Almost daily the purchase of some new
road by the Brice syndicate is announced.
yet thus far they have purchased but two
Of the roads which 1t was said they had Sc
cured control OF. The New York sun says:
"The Lake Erie & Western Railroad Com
pany has practically concluded negotiations
for the acquisition OF the Northern Ohio
Railway. consisting of 165 miles OF road.
from Delphos TO Akron. o; This road was
-
Western Railroad. but Is being reorganized
under the title mentioned above. 1t was re-
Gently sold under foreclosure of a mortgage
for 2530.000. The bonded debt Of the reor-
ganized road. which the Lake Erie & West
ern company Will lease in perpetuity, will
be s25o0,eoo. upon which the lessee will
guarantee interest at the rate OF ) per cent.
per annun- The lessee is to receive 81 900.
900 In cash rom the proceeds OF the new is
sue of bonds. all of which Is to be expend-
ed upon the roadbed and for equipment of
the leased line. The acquisition OF the
Northern Ohio railway will give the Lake
rrsst fre,rbt"producinap regions of the Ma. Ma.
honing valley and the Pittshurg, the Ale
gheny and the McConnelisville coke regions.
The management OF the Lake Erie & West
ern company is confident that the expendi-
lures to be made upon the new line will
bring 1t up to condition OF efficiency that
will make 1t entirely seif-sustaining."
Iusuring Its Rolling stock.
The rolling stock of the Pennsylvania
lines west of Pittsburg Is being insured
against fire in the insurance fund OF the
Pennsylvania railroad. Yardmasters and
conductors have received instructions to re-
port all wrecks In which rolling stock is
ance for any loss over SIS. The insurance
Is to cover not only freight cars and pas
senger coaches. but stations and other build
ings- Under the State law OF Pennsylvania
the Pennsylvania railroad is not permitted
TO conduct an insurance business to the ex-
tent OF insuring their property solely in
their own company. as they carry quite ar
amount OF foreign insurance on their prop
erty. but this does not prevent them from
devoting portion of their surplus TO insur.
ing property over the west lines. over which
they have control.
Personal. Local and General Notes.
The New York Central earned in July
SOS. .lsS. an increase over July. 1894. oi
$3s7. g95
George T. Gunnip. general agent of the
passenger department OF the Santa Fe. is
In the city.
The Lake Shore has placed an order 70,
ten Of its new locomotives with the Pitts.
burg locomotive works
+. Van Dusen, assistant general passen.
ger agent OF the Pennsylvania lines west OF
Pittsburg. Is on a Western trip.
j. =. Brooks. second vice president of the