The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1896-10-01
THE LAKE SHORE DECLINES TO AC-
CEPn THE REDUCED TARIFF.
Western Presidents Consider Form
Earnings of Indiana Roads.
western Pre-


| that when the hfteen-cent rate corn
| was before in effect out little went forward
| over the Lake Shore. So far as the Big
| our is concerned. the White line can use
| the Nickel-plate from Cleveland to Buffalo,
| and the Lake Erie & Western has for
| warded most of its corn East via the
| Nickel-plate. Still, the circular causes much
| speculation, the order to make the fif-
| teen-cent rate on corn emanated from the
| board of managers of the Joint Traffic AS
| ISOLATION.
Latest Reported Railroad Earnings.
| Louisville New Albany & Chicago: Third
week in September, SIS, 404, decrease SIS, 3S1;
from July /, $672, 966, decrease, $136, S2S.
The c., c., c. Sc ST. L. reports for month
Of August
1896 Changes
Gross earnings. 959 Dec s1Il ,235
Operating expenses. S3J,725 Dec 1854
Net earnings........ $3.50. PA Dec SIS. 7o1
Two months:
Gross earnings. s2.1S9,114 Dec. $265, 313
Operating expenses. 1,651066 Dec. 1877 PIG
Net earnings. $5as o4S Dec SOS, o94
Big Four decreased $40, 169 for the third
week and $553,000 from July 1.
The Baltimore & Ohio Southwestern Rail-
way Company report for August shows:
Gross earnings $525, 159 Dec. S67OS6
Operating expenses. 360,964 Inc. 1884
Net earnings. ....... 1854, 7s5 Dec. $71,O77
From July /:
Gross earnings. .........s1, DIG 297 Dec s95169
Operating expenses. 1926 Inc. 252j6
Net earnings. ......... 1928, 091 Dec. $123, 425
The report of the Toledo, Peoria & West
ern for the month OF August is as follows:
1896. Changes.
Gross earnings. $702s6 Dec. $20964
Net earnings............. $15,7S2 Dec. $1,3o5
July 1 to Aug 81
Gross rnings.............s1471 1913 Dec. so Az
Operating expenses. 49,. n4741 Dec. i, GA
Net earnings............ s32, 457 Dec. $S,S32
The report of the Peoria q Eastern for
the year ending June 30 shows an increase
in gross earnings and operating expenses
and decrease in net earnings and sur
plus as follows:
Gross earnings. 902, S25 Inc. $50 $50
Elk. and taxes........... 1,444,425 Inc. 96,623
Net earnings. ......... sl57 800 Dec. $6,o3S
Fixed charges. .......... 44,620 $500.
Surplus ........... $l628o Sc O8S
Samuel FELTON,. receiver and president of
the Queen * Crescent, has issued his
nual report for the year ending June 30
The income account shows balance of
$2l91,2l5 after paying ali charges for the
year, against balance of Sl,933605 year
along the company's lines in it's history,
and cotton earnings decreased 1851 per
cent. Passengers carried 144, TAT, increase
l0l9 per cent; passengers carried one mile.
1926, 466, increase 5.27 per cent: earnings per
passenger mile, 2.6S cents, decrease 1.13 per
cent. Sales of lands were insufficient to
allow further payment on the third mort
sage land grant bonds. The condition of
the property has been fully maintained.
There is practically no floating debt.
Southwestern Pool May BE Duplicated
The presidents of several of the more
important roads running west from Chi
cago have this week held two secret con-
ferences. but enough has leaked out to
show that they were in conference as re-
CARDS forming an association similar to the
Southwestern pool. One of the meetings
held in the office of President Hughitt
of the Chicago e Northwestern, the other
in the office of President Miller, of the Chi
cago, Milwaukee & St. Paul. 1t is stated
that the feeling against reconstructing the
Western Freight Association was unani-
nous. it having outlved its usefulness. One
of the obstacles to forming any pooling as
ISOLATION is in the fact that the smaller
roads favor a good faith agreement with
out fines or pooling features. One or two
of the larger roads favored duplicating the
hide-bound Joint Traffic Association of
Eastern roads, but the majority were OPP
posed to any such trust, for the reason
that several of the smaller systems in the
West would not go into such deal unless
too expensive an undertaking. The presi-
dents of the Santa Fe and the Rock Island
roads. the lines responsible for the DISCO
luton of the Western Freight Association
advocated the formation of an organization
on the lines of the Southwestern Traffic
Association. This combine is managed by
a board of control, composed of represent
atives from each of the lines members of
the pool. This board has complete and ar
bitrary supervision over the rate-making
and all other details. committee was APP
pointed TO draw UP some plan for strong
organization to incluue passenger as well |
as fire ght; also some scheme foc "a sci ARA
freight association.
Personal, Local and General Notes.
The stockholders of the Detroit & Eel
River will hold their annual election at
Butler. Ind, Nov. 4.
Robert Ramsey, general solicitor of the
in the city yesterday.
The Pennsylvania mana cement has given
Instructions that its rule prohibiting post
ing advertisements on its freight cars be
more strictly enforced
The Brotherhood of Locomotive Firemen
In the year ending June 30 disbursed to its
members and their beneficiaries in life and
disability insurance S3l6,0d.30
The several presidents of the Vanderbilt
reads West are this week in New York on
official business, as is General Traffic Man
ager Grammar. of the Lake Shore.
on Sunday next the Big Four will run
one-dollar round-trip excursion from
points on the Michigan division to Indian
sion to Cincinnati
The Pennsylvania people have under con-
sideration running the engines and crews
which haul the fast express trains between
Louisville and LoganSport through without
change at Indianapolis.
The stockholders of the Peoria, Decatur
x Evansville will hold their annual meet
ing in Pekin, Oct. g. and the stockholders
of the Lake Erie & Western their annual
meeting in Peoria, Oct. T.
General Passenger Agent Parkurst of
the Chicago & Southeastern. was in the
city yesterday to arrange with the Big
-Four for an excursion of visitors to Cam
ton from points on the c. & s. L. road
A. J. Smith. general passenger agent of
the Lake Shore. and George Daniels, of the
New York Central have gone to Boston to
talk over passenger business with General
Passenger Agent Hanson. of the Boston
* Albany.
Employees of the Missouri Kansas &
Texas transportation department, with the
exception of the engineers, have united in
one federation and will hereafter act to-
gether in all matters affecting their COM
mon interest.
Steps are being taken to take the Wis
consin Central out of the hands of a re-
ceiver without a foreclosure sale. The
bondhoders refuse TO discuss the question
of dlsnosing of the financial trouble
through a foreclosure sale.
The fofuf fre ff1c managers have daridad