The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1896-01-07

The Quincy Omaha &c Kansas City rail-
road, running from West Quincy to Tren-
ton, Mo-. has virtually been transferred TO
a syndicate composed of Drexel IL Co., Gill
man, Son & Co. and the Missouri, Kansas
and Texas Trust Company. The deal was
effected by the purchase Of about sl,5OO,0OO
OF the preferred bonds of the company.
This lien will be foreclosed, and the syndi-
cate thus take possession and reorganize.
The road will at once gain an entrance 10
Kansas City and St. Joseph, and new line
will be built from Trenton to Pattonsburg,
road. A new line will also be built from
Quincy to Decatur, paralleling the Wabash
and connecting with the Indiana, De-
catur a. Western. This will make another
through trunk line from Kansas City, Oma-
ha and Quincy to the seaboard. Bondhold-
ers of the present company have been OPP
Grating the road for several years, and
Manager Savin has built 1t up into good
property. These bondholders will be paid
in cash or shares in the new company.
The "Nypano- Ordered Sold.
Judge voris. of Akron. o., has appointed
John Tod, of Cleveland. who has been re-
ceiver of the New York, Pennsylvania q
Ohio railroad, as master commissioner to
sell the road. The date of the sale has
not been fixed, but 1t will be about the
middle of March. The prlce must be at
least ten millions. and must all be paid
made on the application of the Farmers
Loan and Trust Company, of New York
The report OF the auditor of the company
which accompanies the petition. shows that
the liabilities are: First mortgage and in
terest, si4 S4S,000; deferred interest war
rants, g7.64034o; interest earned and pay
cording to this statement. after the prior
lien is satisfied the first mortgage bond
principal and interest of their bonds. There
will be nothing for the bondholders under
the Drisler and ., S gle m9 3r &C.
ferred interest warrants.
Joint Traffic Association.
An adjourned melting of the board OF
managers of the Joint Traffic Association
was held yesterday at the Trunk Line
rooms. statement was given out after
the meeting in which Ii was announced that
+. III. Hoyt was unanimously elected secre-
tary of the board. II was also stated that
the present f>eight and passenger commit
tees of the Trunk Line and Central Traffic
Association were requested 10 present their
Recommendations from TINE 10 tune 70 tne
frmation The question OF carriages and
drayages was considered ana iaid over fol
the method OF filing tariffs OF freight rate:
and passenger fares. The action or the
New York State committee as TO the rate:
TO and from Niagara frontier was unani
mously approved. hearing was appointed
for Wednesday, jan s. for consideration OF
import rates via the various Atlantic ports
Personal. Local and General Notes.
The Lake Shore will this month let con-
tracts for one thousand box cars
Settlers one-way tickets at the low rates
are on sale to-day for Southern and West
| ern points.
The Wabash lines in December earned
| 5000, l55 gross. an increase over December.
| 1884, of s52.il
| Lyman Mccarthy has received notice Of
| his appointment as Eastern passenger agent
/ OF the Baltimore * Ohio.
The gross earnings OF the Northern Pa
| cific for the six months ending Dec. 81 were
| ST., 9SS, 1i9; increase. $i,652. 53S.
G.. NJ Woodland has been appointed COM
mercial agent OF the Wheeling * Lake Erie
| at Chicago. effective yesterday.
Receivers and trust companies got $s24 500
| fer their services during the period tie
| Santa Fe was In the hands or the courts.
| RI. II. Houhton has been appointed trav-
| cling passenger agent OF the Chicago Bur-
| lington a. Quincy lines in the Eastern
| States.
| Judging from inquiries for empty cars
] yesterday. before the middle Of the month