The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1896-10-13

common stock to the existing shareholders
IN payment for an assessment OF vow per
sfons of the plan. The syndicate receives
$3.50 900 bonds, $3.50. $50 new preferred stock
and 900 new common stock.
The State line station of the Chicago &
Western Indiana promises to be one or the
most important railroad points in the coun-
try. It has now four of the trunk lines,
and the Nickle-plate will build to connect
with it. With its belt lines connection with
every road entering Chicago is made
The Grand Trunk has closed its CONNER
cial agency at Buffalo and Charles Clarke
who has held the position, goes to New
York as State agent of the company; Al.
of the company goes to Grand Rapids with
the title Of Great Eastern fast freight line
agent.
Committee shows the percentages of earn
ings of each road doing business between
Indianapolis and Chicago for the month OF
September to have been as follows: North
bound, Big Four, SO 29; the Monon, 21.77; the
Panhandle. 1894; the Chicago & Eastern
Illinois, Ala the Vandalia, 7.2s. South
bound. the Big Four earned 5S.12 per cent;
the Monon, 26.16; the Panhandle, 1913: the
Chicago & Eastern Illinois, 2.06; the van
dalia, 2.87.
The big advance in freight rates on grain
which Western roads have agreed to put
in effect Nov. means much more to Chi
cago and Indianapolis lines than was at
first realized The point of interest is that
grain rates to Chicago and other Eastern
points will be considerably less than those
cago the difference will be about two cents
per 100 pounds in its favor. This doubtless
means that grain will again begin to move
in its old channels to the Atlantic seaboard.
Jas. Barker, general passenger agent of the
Missouri, Kansas & Texas, was in the city
yesterday en- route home from the East.
Mr.. Barker states that the report that the
NJ, K. & Il. has withdraw from the South
western Passenger Association is untrue. so
far as he is concerned, and the road is liy-
ing up to all agreements despite the allega-
ton of competitors to the contrary. A
meeting is to be held to-day in st. Louis.
at which Mr.. Barker will meet any charges
which may be made against the Missouri,
Kansas & Texas passenger department.
Mr.. Barker admits that since he left the
Monon the roads which formed the Chicago
and Ohio river pool have got along very
tremendously.
Among passenger men and ticket scalpers
the opinion prevails that the most impor-
tant work done at the recent meeting of
the general passenger agents at Atlantic
City was the appointing of committee with
power to act in selecting safety paper to
be used in printing tickets. The committee
was instructed to devise and have patented
distinctive and clearly legible trademark
for the use of the association, to be used
on any paper issued by that organization,
and that such paper be sold only to such
printers may be authorized to print
tickets for the railroads of the country.
With such paper in use it is thought that
neither dishonest agents. conductors nor
Scalpers can so tamper with tickets as to
use them illegitimately.
The handsome earnings the Toledo ST.
LOu1S d Kansas CITY Is making are IN some
measure due to the heavier coal traffic the
line is doing. At present eighty cars are
being loaded daily at mines on it's road and
carried to st. Louis and Toledo markets,
and the rate the road gets from the mines
to st. Louis, distance of fifty miles, is
more than the Ohio coal roads are now
receiving for hauling coal 225 miles, and
considerably more to Toledo mileage COM
sidered. While competitors of the road
have been looking upon the T.. st. l.. & K.
c. as a rate-demoralizing line the parties
who have that suspicion have overlooked
the fact that the local business of the road
live stock and grain, have been nearly
double in volume of those of the same
months of 1885.
An impression prevails in financial and
railroad circles that the receivership of the
Baltimore q Ohio will not be of long dura-
ton, so handsomely have it's earnings in
creased under the present excellent man
agement. There is a general impression
among traffic officials that when the Bal
timOre & Ohio is reorganiZed and taken
from the hands of receivers some radical
partment not so much in the line of dis
pensing with present officials as in strength
ening the present force with officials who
have made records other roads. There
is no secret that Oscar Murray, coreceiver
and head of the traffic department, has ap-
preached more than one traffic man on the
Big Four system with a proposition to en-
ter the service of the B. & 0. and though
several have already done so, others have
declined in the present condition of affairs
When the road is taken from the jurisdic-
ton of the court and some f1attering offers
are made it is quite likely that further
changes may be expected.