The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1897-07-13

ClA4CdSO q ANOI lilWeSLGIn halfway company
to be held on Sept % next, for the purpose
Of passing on the new refunding mortgage
of $165 100000, the rate of interest is liked
at not exceeding per cent. per annumA
payable quarterly. The first lot of bonds
sold to the Kuhn-Loeb syndicate bear only
312 per cent. interest
Personal, Local and General Notes.
In the month of June 1897 trains arrived
ana departed at the Union Station handling
q, 435 cars.
., The G., G., c. & st. L. earned in June
1896, of $751;
r. B. f. PIERCE receiver of the Toledo.
ST Louis & Kansas City, left for Wash
1ngton last night.
90 The New York Central earned in June
So, IA 1852 against &c. 735,127 in June, 1885, and
against SO, 436, 373 in June, 1895.
e. O. Mccormick, passenger traffic man
ager of the Big -Four, was in the city last
evening, en- route to Chicago.
Walter Tindal passenger conductor on
the Louisville division of the Pennsylvania
lines, has resigned to so into other bust
ness.
The Devils Flyer is the name of a new
train which the Chicago & Northwestern
Lake.
John Ferguson, general baggage agent of
the Union Railway Company. YESTERDAY
completed his twentieth year of service
with the company.
Three of the coal mines on the Toledo ST.
Louis q Kansas City are in operation load
ing about sixty cars per day and it is
stated the miners are we'll satisfied and will
not strike.
1t is understood that one of the results
OF the Michigan Central leasing the Toron-
10, Hamilton & Buffalo will be a change in
route of some of the fast passenger trains
of the Michigan Central.
The Santa Fe people are considering a
proposition to build road from Williams
on the Santa Fe, to the Grand canyon
rms IS looked upon as one of the most i'm
portant railway projects of the year.
The picnic of the Indianapolis division of
the Order of Railway Conductors at Lafay-
cite, on Sunday, July 25 bids fair to be the
largest attended and most pleasant gather
ing since the association was organized.
Grain-in-tranist rates are now being used
to It greater extent by local millers than
at any time in some years, and in the
movement of the new wheat crop the in
transit rate Will cut an important figure.
II. c. Murphy, of the Big Four was mar
RED at l:3O p. m. yesterday to Miss Kate
Robinson, who has been principal of the
years. They will go East on a bridal trip
All mines but one on the Indianapolis q
Vincennes are now shut down, but this will
cause little trouble, as most of the coal
taken from mines on the |. & V. goes to
railways for locomotive fuel ana the roads
which draw the supplies from these mines
are quite We'll supplied
The last receivers report showed that the
Baltimore q Ohio has at present 80 537
freight cars, 672 passenger cars and S73 loco
motives, and the receivers now ask for
1900 more box cars, $50 gondola cars. five
ten-wheel passenger locomotives and tif-
teen consolidated freight locomotives.
Between now and 1905 the Pennsylvania
will have maturing bonds aggregating $685.
$4,000. If refunded at 80 per cent. as it is
expected they will be- there will be an an
nual saving of interest or 1911, 3l6, an amount
equal to three-fourths of ! per cent. diVi-
dend on the company 1929, 800 900 of capital
stock.
The train for Atlantic City over the Penn
sylvania lines will leave the Union Station
on July 15 and indications are that it will
board from this section in point of num-
bers, the rate being but $13 for the round
trip and the limit much longer than on any
former seaboard excursion.
The Sunday excursions were successful.
The Pennsylvania and vandalia had 463 for
LaA9 Md ma IN 6 ana 1uch more Or
the trip a short time ago. The Monon sold
739 tickets for Chicago on its 81 round-trip
rate: the Indiana, Decatur & Western 2l0
on its 81 round-trip rate to Decatur and
the Big Four had 697 for Cincinnati
1t is stated that j. P. Morgan will soon
assume control of the Lehigh Valley. Re-
Gently when the road was in trouble Phila-
delphia capital came to its aid, the Packer
estate Shouldering most of the responsible
and Mr., Morgan, representing the English
stockholders, obtained an option on ali the
Packer holdings, which has placed him in
absolute control of the property.
The death of John E. Davidson, third
vice president of the Pennsylvania Com
pany, which Was announced yesterday
morning, was received with much regret
he was well known in Western railroad
circles and was one of the most capable
and social men of the company's official
roster. 1t is thought this death Will lead
to the transfer of j. j. Turner, vice presi-
dent and general manager of the Vandalia,
to Pittsburg as one OF the vice presidents
of the Pennsylvania.
The fact has been generally overlooked
that while the refunding scheme of the
Lake Shore, the New York Central and the
Chicago q Northwestern all Vanderbilt
lines, has been pending the Michigan Cen
trail has IS, 600 of skies and 50 900 600 of
fves which must be refunded in 1902, and
which could now be refunded easily at an
immediate profit, but the greater part of
the Michigan Central stock was left by the
late William K. Vanderbilt to his heirs
and the family is understood to have kept
it. There is only 100000 of Michigan
Central stock.
The Baltimore & Ohio in connection with
the Continental line and the Central States
Dispatch, has inaugurated another fast
freight schedule to the West The train will
be made up at Baltimore, and is put on es-
pecially to accommodate import business
by the way of Locust Point, and at the
same time gives Eastern manufacturers
and Wholesale dealers rapid service to the
West. AS arranged, the running time is
fifty hours to Chicago, thirty hours to Gin
cinnati, thirty hours to Cleveland, thirty
troit, ninety-eight hours to Duluth, thirty
seven hours TO Indianapolis, seventy-eight
hours to Kansas City, SeVenty-nVe hours to
Memphis, fifty hours to st. Louis, siXty-one
hours to Peoria, forty-four hours to Toledo
and 231 hours to San Francisco.
Local freight officials We're considerably
interested in the decision rendered on Sat
urday by the Interstate-commerce Commits
sion in the case of the Paine Brothers
against the Lehigh Valley road and others
The commission decided that, the carriers
established rates on "oX-lake'' grain from
Buffalo, n. Y 10 New York and Philadel-
phia and points taking New York and
which rQr
so-caned cargo lots of 10000 bushels of
oats and 600 bushels of other grain than
on shipments of oats and such other grain
in carload lots, but afterwarG modified
their tariffs to remove the principal
grievance complained of. 1t is held that
the principle involved under lower rates
for cargo or trainload quantities than for
carload shipments, whether for export or
domestic use, violates the rule of equality
II is also held that the defendants should
reconsider their grain tariffs with view
to amendment thereof in accordance with
the opinion of the commission, and that
the case be held open for such further ac-
ton as may be deemed appropriate.
---@~9~p---
Bishop Chatard's Return.
Bishop Chatard has returned from