The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1898-02-12

| Sunday from New York TO Buffalo with
| a special train, IL covering the 424 miles
| Is thirty-three minutes quicker than the
| Empire State express, on the New York
| Central. covers the same distance.
The st. Louis express. from Cincinnati
to St. Louis over the Big Four, Is scheduled
10 make the run from Greensburg to In
dianapoliS, forty-seven miles, at about
forty-three miles an hour. but as 1t often
loses time before reaching Greensburg the
run, with stop at Shelbyville. is frequent
| ~ made in fifty-six TO fifty-eight minutes.
There are now ten States which have
anti-scalping laws. but the only place
where the law is known to have been
strictly enforced is in Philadelphia The
position in the State of New Jersey is
peculiar. There is on its statute books a
law 1orbiddlnS scalping, but. nevertheless
the present Legislature has passed a resolu-
ton asking Congress rot TO pass the pend
ing anti-scalping bill.
There is a general impression among all
OF the interested lines that the meeting
of the presidents of The Western roads will
result in the fast train question being adj
Justed IN a manner satisfactory to all con-
cerned Presidents as a rule are not rate
cutters and having broader powers than
the general passenger agents 1t is consid-
cred altogether likely that they will get
out of the matter without a fight
1t is claimed that no line that is i'm COM
petition with the PENNSYLVANIA can secure
the same class of sleeping and parlor cars
from the Pullman people, so closely allied
pany's interests. The Pennsylvania Com
pany must have the best built, and 1t is
alleged that this is the reason the Moron
and the New York. Ontario & Western ar
ranged for Wagner in place of Pullman
service.
The agreement of the Central Passenger
Association to make a one and one-third
fare to New York on the certificate plan
was result OF the recent visit of L. o. Nc
Cormick passenger traffic manager of the
Big Four, who, after canvaSSing the Situa-
ton, came to the conclusion that it would
be a wise thing to do. He was seconded by
Q. F. McCarty, general PASSENGER agent OF
A. J. Smith, general passenger agent of the
Lake Shore
The report was current at Chicago yes
terday that Joseph Letter was prepared to
send a large amount of his wheat to the
seaboard and the consequence was that
grain rates from Chicago to the Atlantic
were reported to be in very Shaky condi-
ton. 1t was openly charged by some of the
roads that their competitors We're taking
grain at 10 cents and It was also asserted,
without any apparent foundation, mat
contracts had been made at figures under
is cents. The 15-cent rate was generally ac-
cepted as being the one at which the grain
is being carried.
August Belmont, chairman OF the board
of directors of tho Louisville d Nashville
Railroad Company, announced yesterday
that he had sold to the banking house of
Vermilye & Co., of new Nork city. 81. 500 900
of collateral trust twenty-year per cent.
gold bonds of the company. The proceeds
OF ln6 sale are 10 De uS6u 10 retire 9t,ufV,UJu
consolidated mortgage Z per cent. bonds of
the company. maturing April l next, and to
reimburse the treasury for the cost of the
Paducah a. Memphis division and improve
ments on it, and also for other properties
recently acquired.
Receiver Cowen, OF the b. & o., says he
has no plan of reorganization. He thinks
other plans are being considered only tenta-
lively, but that reorganization may come
at any time, as was the case with the
Northern Pacific That read was reorgan-
IN06 Sr ton % Of I hn nj Voc fret
discussed. He says the greatest need of
the road is cars. He says a business man
sat at his desk not very long ago and Of
fered him 5000 cars of freight at $42 car
full freight rates, and he was obliged to
decline it. Mr.. Carnegie offered him 5000
cars of freight in one month and he could
not accept it because the company did not
have the cars with which to do the husi-
ness. Since the pronounced revival of bust
ness in September the company could have
made additional net earnings to what it has.
earned of at least $125.G00.