The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1897-06-11


scalpers who bought passes. changed the
date on coupon tickets and even extended
the ticket beyond the limit and sometimes
beyond the destination, and this crooked
ness on the part of nonassociation scalpers
had brought odium upon scalpers generally.
He said he would not continue in the bust
ness il he. thought there was anything dis
honorable in it ii conducted on the rules
which govern the American Ticket Brokers
and the Guarantee Brokers Association.
O., III. & r. Annual Meeting.
The stockholders of the Cincinnati, Ham
ilton & Indianapolis Railroad Company held
their annual meeting at the office of At
torney Jacoby yesterday and elected as
directors for the ensuing year c. G.. Walco,
A. A Galloway, George r. Balch G. w.
Lishawa and r. b. Turner, of Cincinnati;
James E. Campbell and r. w. Mckinney,
of Hamilton; and E. Jacoby and F. G.
Richman, of indianapolis. Mr.. Waldo was
reelected president and Mr.. Balch secre-
tary. The voting was done largely by
proxy. The road is leased TO the Cincinnati,
Hamilton & Dayton Company The road
extends from Indianapolis TO Hamilton,
ninety-nine miles. The common stock, ST.
500, 900, is all owned by the Cincinnati Ham
ilton & Dayton Company; there is $28l,6I9
of noncumulative, I per cent. preferred
stock; the general mortgage bonds, of
which the Continental Trust Company, OF
New York, and the Union Trust Company,
of which there is sufficient reserve to retire
the first mortgage bonds at maturity. In
the year ending June 80, 1886, the road
earned Gross $685. $50; net, $ll5, 404 other
income, $725. The interest, taxes, etc, for
the year were $3.50 SS4; deficit for the year,
$40, 755. In the year ending June 80 1895,
the gross earnings were $bo6,037; net, SS3,-
007. 1t is thought the exhibit of the present
year will be more satisfactory than that of
the years reported above.
Do Not Want the Mileage Popular.
"A mistaken idea prevails said general
passenger official, 'about the proposed new
interchangeable mileage book. The general
passenger agents do not want it popular.
Two years ago but 10 per cent. of the pas
senger business was carried on mileage;
now Go per cent. of the business is, and it
is proposed to cut the use of mileage to the
old percentage. Business men will be
willing to aid the roads in the matter, as
they are protected through the rules on
which the book is issued against persons
who are not entitled TO ride on such
mileage. The plan proposed by the Central
Passenger Committee has been in force on
Western Association roads for two years,
and has worked admirably, and the BUSH
ness men will not go back to the old plan,
under which mileage was much abused.
All that will be needed is to make bust
ness man understand the proposition and
he If at all reasonable, will say the roads
are justified in carrying out the plan de-
cided on at the Chicago meeting. At any
general
termined to settle this mileage question in
such a manner that the abuse of mileage
shall be stopped. They do not care to have
the mileage book popular with scalpers and
outsiders who have no right to claim that
they should be carried at cents per mile"
The 500 Causes Decentralization.
More trouble cropped out between the
Chicago-St. Paul lines yesterday. AS usual,
the 500 line was credited with being the
cause of the Generalization, but the fact
remains that when the fight was fairly on
it made no lower rates than any of the 9TH
er roads, and, whatever it's rates may have
been it did not secure the bulk of the
business for which the rates were cut
Every year the Western roads have made
a practice of reducing the rates for school
teachers in the Northwest who desire to go
to their homes in the East for the purpose
of spending the long summer vacation. The
rate has usually been over one fare for the
round trip, but the 500 line announced yes
terday that it would make half rate. This
was lower than the other lines considered
justifable, but they lost no time whatever
in meeting the 500 line. Reports We're soon
current, however that the open reductions
did not begin to represent the concessions
chat We're being made TO capture the bust
ness and the whole thing soon resolved it.
self into a free fight, in which every line
doing business between Chicago and st.
Paul took a hand They succeeded, more
over, in keeping the bulk of the business
away from the 500 line. 1t is possible that
Chicago Roads inundated.
1t is not likely that the lines of the
Western Passenger Association will run ex-
cursions to Chicago in the interest of the
business houses of that city. No sooner
did the jobbers in the country hear Of the
plan which the Chicago merchants were
trying to bring about than they sent letters
and kilograms by the wholesale to the rail-
roads protesting against such action, and in
many cases the roads were threatened with
a boycott if they did anything to favor the
Chicago business houses in the manner pro-
posed. The roads were at first inclined to
adhere to their plan of running the eXcur-
sions to Chicago, and at the same time
on their lines. A little figuring showed
however, that this would increase the ex-
cursion business to an appalling extent, and
the chances now are that the Chicago bust
ness men Will have TO get along as they did
before the excursion plan was preached to
the railroads.
Personal, Local and General Notes.
The New York Central earned in May
S.. sos $50, against $3.794,6S0 in May, 1886, and
against So 60S,066 in May 1925,
The Vandala will, on June 20, put on
Sunday trains to Lake MaXiEkuckee and
ST. Joe for the summer season.
Frank Palmer, assistant general passen-
ger agent OF the Wabash, is giving the new
Buffalo service special attention.
The report that the Norfolk & Western
contemplateS a 10-per-cent reduction in the
wages of its employees is officially denied.
T. b. Thomas, president of the Erie road.
who has been West several days. yesterday
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