The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1895-01-01
MADE GOOD RECORDS
WORK OF PASSENGER AGENTS DUR
ING THE YEAR JUST CLOSED.
The Monon's Mileage Boolx-Bond-
Holders OF the Reading Road Ready
to ForecIose Their Mortgage

The year 1894 was a trying one to many
OF the passenger officials. Some of them
were in new positions, much was expected
OF them, and they have had the year 1893
TO make comparisons with, which was one
of the best years in the history of the
roads. L. o. Mccormick, passenger traffic
manager of the Big -Four lines. got well
seated in that position just as 1894 came in
and has made fine record, despite the dis
advantages he labored under. David E. G.
Edwards, general passenger agent of the
Cincinnati Hamilton & Dayton, expert
enced his first years service on the c., II.
a. D., and has won the esteem of his
perior officers by the excellent manner he
has handled his department. He is credited
with having derived the greatest revenue
from the number OF passengers handled of
any official who has held the same posi-
ton in former years. E. a. Ford, general
passenger agent of the Pennsylvania lines,
has met the Sharpest competition these
lines have ever had, and the record of his
years work is one he need not be ashamed
Of George w. Boyd, assistant general pas
looked after the business of the parent
. road and it's interchange of traffic with the
Western lines. and, as a result, the through
east-and-west business of the Pennsyl-
vania lines has been highly satisfactory to
his superiors. John Chesborough, who, a
come general passenger agent of the Balti-
more & Ohio Southwestern, has expert
enced uphill work, having the Big Four
and Cincinnati Hamilton Dayton and
the Nandalia as his principal competitors,
yet he has quietly pursued his way, and the
passenger earnings have been much more
satisfactory than he had expected they
pould be. General Passenger Agent Daily,
of the Lake Erie & Western is credited
new business for the road than has any
former passenger official of the road, and is
planning for entering new fields in 1895:
Frank Reed, general passenger agent of
the Monon, has left no stone unturned to
get the full share of the business between
Chicago and Louisville and Chicago and
Cincinnati and has helped Mr.. Edwards
in making the favorable record on through
business between Chicago and Cincinnati.
Charles Stone general passenger agent of
the Chicago & Eastern Illinois, has been
on the alert and at no time in its history
well patronized between Chicago and the
Southern States as in the year just closed.
ii. NJ. Bronson, assistant general passenger
the Monon, and George Rockwell, of the
Pennsylvania lines, did good work through
the year and the three are rewarded by
the business of indianapolis exceeding any
former year. except In the months of Sep
TENDER and October, when the worlds fair
earnings We're used in comparisons.
Reading MOrtgage to He FOrecfosed.
The Olcott-Earle reorganization committee
of the Reading railroad met In New York
yesterday, and at the close of the session
issued the following statement:
THE plan of REIMBURSEMENT, dated Oct. l,
1894, has not been assented to by. a suffi-
cient number OF income bondholders and
stockholders to make the same effective.
The, committee now holds over a majority
OF the general mortgage bonds and has, in
accordance with the bondholders agree.
ment of May Z 1894 and their circular of
eral mortgage to bring suit for the fore
closure thereof and tc press such suit as
as possible The
mortgage bonds under the agreement OF
May 4, 1894, until Jan. 81, 1895. The commit
cept from bondholders who deposit their
bonds before Jan. 1, 1885. After Jan. 81 no
bonds VIII De received except upon terms
to be announced by the committee here
after.
prior to the foreclosure sale, and as soon
as the situation permits, the committee will
submit a plan of reorganization in the man
ner provided In the agreement OF May Z, 1894.
That plan win offer to the junior security
avert sale under foreclosure by accepting
fts provisions ard depositing their securi
ties hereunder before the foreclosure sale,
and will provide for a participation in their
reorganized property, either before fore
closure sale or thereafter in case the COM
snittee shall purchase the property, for all
the Junior security holders who have as
scented and deposited their securities, upon
of the property will permit Special recog-
milton will be offered to those who have
before Feb. /, 1896. Pending the announce
ment of such plan holders of such junior
securities and stock may deposit the same
deposits together with those already made
may be at any time withdrawn upon the
surrender of the receipts therefor. Unless
the stockholders who have already depos-
tied their shares with the committee and
given the proxies shall withdraw the same
the proxies will be vested with the present
management"
Actual Earnings of November.
0. d. Ashley, president of the Wabash
lines makes public the actual earnings for
November. comparing them with the cor
responding month of 1898 and 1892 as fol-
lows:
Cross sol ISL s4s 81 4, is9s 20 8, 1872 ls rs
taxes ............ 7s7,2s7 $3.50 e1sol1
Prop. expense to
Net months 1855 1,554,s4S l7sssif
NJ. e. Ingalls,. president of the Chesa-
peake & Ohio. publishes actual earnings
for the same periods of that system as fol-
lows:
Gross ... i sssssoo s aSss $751; aSs SS5
R tsxes sAp ..'.. ANU 545aa 5sos4 5sosss
Net ................. $40 s24271o SEQ ss7
Prop. expense to
Net months. I, AS 296 1,4S7 646 1885, 66I
e. B. Thomas, president of the Erie lines.
makes similar statements for the same
periods, as follows:
Gross ........ 50. 2so, 4ss sasss.s72 s25Ss. la
Expenses 1,555,SSS 1,64l,sl1 1,6sS.572
Balance .... ss751o2 s7544s1 sss4,572