The Anaconda standard. [volume] (Anaconda, Mont.) 1889-1970, 1898-09-29

TIL
be under the management OF President
Hill Of the Great Northern read.
This change I'm the ownership OF the
Baltimore a. Ohio. giving President Hi
a through line from the Pacific TO the
Atlantic, is a great thing for the West,
a great thing for Chicago. a great thing
for Baltimore and IL may be a very
serious thing for New York and for
Philadelphia.
In the first place. President Hill has
stood almost alone among American
railroad managers in developing his
road according to the old-fashioned
ideas Of integrity. The main object will
him has always been the development
Of the property. He has taken himself
seriously as a trustee with solemn obli-
cation to the stockholders. He has per-
mitted none OF the inside money-mak-
ing schemes with which the property os
the stockholders is used TO enrich the
managers on so many American rail-
roads. The consequence has been that
President Hills road has paid large
dividends when robbery was sending
the Northern Pacific and other roads
into the hands Of receivers. There is no
doubt that the Methods which have
made the Great Northern so conspicu-
Gus a success in contrast To the array
Of American railroad wrecks will he APP
piled To the Baltimore & Ohio. and there
is good reason TO think that this new
through line from the West will play
an important part in the growing rival
~ Of the Atlantic ports.
The meeting Of passenger men at
which an attempt TO ~reorganize the
Transcontinental Passenger association
will be made will be held in New York
oct. II, instead Of oct. 10. as previously
announced.
The American lines are anxious to
have the Canadian Pacific Join both as
sociations. but are not very confident
that IL will. II seems certain that the
action Of some OF the American lines in
agreeing TO arbitrate the question Of n
freight d~ifferent!al for the Canadian
Pacific will cause trouble If the arbi-
traitors decide that the Canadian road
should have a differential the Great
Northern and Northern Pacific roads
win refuse TO abide by the decision. and
the other American lines will be unable
to meet the demands the Canadian Pa
cific can rightfully make.
Ii is said that IL the executive officers
OF some Of the American roads had
shown proper courtesy and reasonable
faith in the interstate m COM
mission they would not find themselves
- '@Nh ~ 'hAA'AA ~ 'EANA Al'Ns
The general passenger agents OF the
Western association are having their
laugh now.
The Florida East Coast railway now
sells tickets for one. three. six. nine and
II months, good for unlimited travel
any where on the company's lines. The
ticket is. OF course. non-transferable.
The main line of this road is from Jack
sonville, Fla. to Miami. 366 miles. Most
Of the line is through a very thinly pop
ulated country. and from New Smyrna
to Miami, 241 miles, there Is only one
passenger train a day each way. There
are three branches. one of them q miles
long: and the total length OF line oper-
ated is All miles. The ticket consists
OF three pages, each three inches by FIVE
and a half inches. all pasted upon a
leather cover and folded together. To
one page is pasted the photograph of
the purchaser and a part Of the selling
agents date-stamp impression covers
the lower part Of the photograph. Be
sides the photograph the holder is brief
~ described In writing, the six items
noted being residence. age. weight.
height. color Of eyes and color of hair.
No part Of the ticket is redeemable. ex-
cept on account OF the death of the pas
senger.
According to its annual statement the
AAA'eH' ARA AAAiE Ahh N aNblA Afih t9l Alt 7
year ending June 50. 1898. earned 81. 3s6.-
9so.77 gross and STATISTICS net. Tn
statement follows:
Gross receipts from operat'n 81. $50. 800 II
Less operating expenses..... 2.969. 14912
Income from operation ....... 4lT.S41.65
Income from other sources. 7.O93.73
Total income ................. 1.42I. 925. p
Total deductions ............. 952. 632.S4
Net income ............. 412, 302.54
Dividend. I per cent. common 220. 00O.0 N
surplus from operation. ..... 252. 302.5i
The surplus at the end Of last year
was 81. 1874. 40S.l9. but S111.041.57 was
transferred from other not
properly assignable to the earnings OF
property operated. The surplus is thus
given as $2.557. 752. 80.
Total passenger receipts were $50
and total freight receipts $40
1894 total passenger and freight. $224-
33S.11.
The Sebastian form Of round-trip ex-
cursion ticket saved to the Omaha-Col-
lines recently just A.352. The
feature of this ticket Is that
the return portion Is not given TO the
purchaser. but Is forwarded by the sell
ing agent TO the agent at destination.
there 10 be claimed by the owner. For
day at the exposition a rate
than the one-way fare was made
for the round trip. When the limit OF
the tickets had expired IL was found
256 return portions OF round trip
never had been claimed by the
purchasers. This means that that num-
Der OF people simply took advantage OF
The low rates to go one way. Had the
Did form of ticket been used these re-
portions would have been sold TO
scalpers. and the railroads would have
.ost 256 regular passengers on tickets
sold for 81 each.
The Financial Chronicle computes the
gross earnings of 81 American roads for
first week Of September at s.. Ss6.-
~, an Increase as compared with the
corresponding period Of last year of
523, or 6.31 per cent. For the sec
week OF September SIS roads report
5. IL $50. an incrense of 1910 "a or . a9