The Wichita daily eagle., 1897-11-16
TWO CENTS A MILE
INTERCHANGEABLE MILEAGE TICK
ETS PLACED ON SALE

General Passenger Agent sebastian's In
ventIon 10 Expected to Clear the Field
of Ticket.Scaipers Almost Altogether
Freight Car Famine Has Put the Atchi-
son to Building Its Own Csrs-Balti-
more and Ohio Stockholders Receive
President Covers Report-R-ceiver
Clark in New York.
Chicago, Nov 15.-The interchangea-
bic mileage ticket of the lines in the
Western Passenger association was
placed on sale today fo- the first time.
The ticket gives TO the purchaser net
rate of cents per mile. and is very SIM
pie in its operation The form OF ticket
is that invented by General Passenger
Agent Sebastian OF the Rock Island road,
and will. ii is supposed, keep the brokers
at safe distance.
1t is announced that the arrangements
which Chairman Caldwell is making in
New York for the regulation Of the i'm
migrant traffic will nave the effect of
disposing OF the erouble which ia. beset
the western roads on account OF this
class of traffic for several years. Il is
said that the chairman will make ar
rangements that will be satisfactory 10
the Southern Pacific as well as 10 the
road. members OF the immigration clear
ing house, and If this i. accomplished, it
is not likely that there will be much
trouble over the matter in the future.
In the past it has been the failure OF the
western lines 70 reach an agreement
with the Southern Pacific regarding this
business that has caused a heavy loss Of
revenue to both sides OF the agreement
The matter will be definitely arranged
by the middle Of this week.
The lack OF freight cars from which
nearly all Of the western road. have suf-
fered recently mas caused the Atchison,
to perfect arrangements for the manu-
greater part Of its locomotives in the
future. The work will De done at the
shops in Topeka.
BALTIMORE AND OHIO.
Baltimore, Nov. 15.-The Stockholders
OF the Baltimore and Ohio held their an
nuai meeting in this city today and re-
ceived the annual report OF John K.
Cowen, the president and co-receiver OF
the system
The report Of President Cowan shows
gross earnings for the year ending June
80. 1897, Of s25,5s2. .122, an increase OF 81
631,34O over the previous year and 81
764, $50 more than in 1895. The total ex-
penses of the line were $40 093, an
increase Of s242S,473 This increase is
very frankly explained by the statement
Of the large sums required in mainten-
ance Of way and maintenance OF equip
ment. The receivers have replaced a
large number of the old bridges built
many years ego. with modern steel
structures capable of carrying the l1eav-
lest trains, and have made other i'm
provemert.. besides putting all equip
ment in first class condition. The de-
felt for the year was SLIT ,120, but had
it not been for the increase in expenses
in maintenance Of way and of equip
mert the earnings would have been more
than sufficient TO have paid the interest
on the bonded Indebtedness OF the road.
The report shows radical reduction
made in the amount to the credit of pro-
fit and loss.
A special committee OF the board was
appointed 20 examine the assets OF the
company and re-value the rolling stock,
stocks and bonds. and certain other as
sets. This committee made a radical re-
duction in the value Of the rolling stock,
stocks and bonds and advances foi con-
struction 10 the various subordinate
lines during the year past and certain
other assets OF the compsny-reducing
the total to the credit OF profit and loss
by about $40. 100000. The balance sheet
gives a very clear and full statement OF
assets and liabilities.
The members of the former board Of
directors were reelected unanimously,
163, 740 shares of stock being voted.
THE UNION PACIFIC.
New York, Nov 15.-Receiver s. II. H
Clark, Of the Union Pacific railway. ar
rived from St Louis today. NJ. Clark
will consult with the directors and re-
committee OF the Union Pa
cific line while he is here. The receiver
snip of the road viii also be discussed.
Mr.. Clark declines to say anything at
this time about the proposed policy Of
the Union Pacific.
UNION PACIFIC AFFAIRS
Receiver Clark 4. Likely to be Made
President of the Road