The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1898-11-18
MAY LEAD TO SPEED WAR
THE BIG FOUR WILL MEET THE
SCHEDULE OF THE PENNSYLVANIA.
There Will Be No POstpOnement of
the sale of the Terre Haute & LO-
ganspOrt-GeneraIN Notes.

On Sunday the Pennsylvania Will make
some radical changes in passenger train
schedules, putting on new trains east and
west. The train now known as No. g. leav-
ing this city at 5:45 a. M, will do accom-
mediation work between indianapolis and
Columbus, and at 9 a. m. fast train will
leave indianapolis and run to connect with
the new Pittsburg limited train for New
York, making the fastest time of any train
between Indianapolis and New York. Trains
will be run from Chicago and Cincinnati to
connect with this train at Columbus, and
after Sunday the 80 p. m. accommodation
train Of the Panhandle will run through to
Columbus instead of stopping at Richmond.
as under the present schedule. AS no extra
fare will be charged on the new fast train,
1t is expected to soon beAAne very popular.
The new train will carry sleeping and dining
cars, and will leave St Louis daily at 2:45
a. m, arriving in New York the following
morning at 1880, breaking all records for
time across the Central States The run
is scheduled one hour faster than the Penn
sylvania limited 1t will make the run in
from five to six hours less than the ordinary
trains. In passenger circles this is looked
upon as the entering wedge to speed war.
Said one of the Big -Four officials yester-
day: I'VE have been waiting for the Penn
sylvania lines to take some action of this
character. and this will now give us an ex-
cuse for cutting down the time of the
Knickerbocker an hour or two between ST.
Louis and New York; between indianapolis
and New York the run can be made readily
an hour quicker than it now is and two
hours by Tightening me train little"
The Ii. a o. to BE Recognized.
The last obstacle to the organization of
the Baltimore & Ohio Railroad Company
has been removed by the sale of the pre-
ferred stock of the company, pooled with
the Mercantile Trust and Deposit Company
of Baltimore, by the Johns Hopkins Uni
versity. State of Maryland and others. The
purchasers are the managers of the New
York reorganization company. The deal
has been closed, and the stock will be de-
lvered at once. The suits pending in the
United States Court in Baltimore and in
the Supreme Court of the United States,
growing out of a dispute of the status of
the stock, will be discontinued and the re-
organization pushed with all possible haste
The second preferred stock has also ac-
cepted the plan of reorganization, and the
plan may now be said to have the approval
or practically every issue of stock and
bonds. The Johns Hopk IS University was
the largest individual holder of the first
nearly 10000 shares Of the $1,000 shares is
sued. The remaining 10000 shares were dis
tributed among Local savings banks and in
dividual investors.
The stockholders Of the Baltimore G. Ohio
Railroad Company Will hold their annual
meeting next Monday for the purpose of
etecting a new board of directors to serve
during the ensuing year. The new stock,
or. rather, the certificates of the Mercantile
Trust Company, of New York, representing
the new stock. will be voted at this meet
ing by the five trustees named in the plan
of reorganization. 1t is understood chat
fGFx Of kIav %
board will be reelected. The new directors
will be selected by the reorganization COM
mittee and the majority of them will. be
Eastern stockholders, though local stock
holders will be given representation. will
also the Hil-Armour-Ream-Fi Field Syndi-
cate, which recently acquired a large in
terest in the property. 1t is said that the
directors chosen at the meeting will serve
after the reorganization is consummated. 1t
is reported that Mr. James ]. Hill has been
a heavy buyer of Baltimore & Ohio COM
mon and preferred in the New York mar
ket recently, for the purpose of strengthen
ing his position at the meeting next Mon
day.