The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1898-05-10

agent of the Evansville Il Terre Haute; in
November, the same year. he accepted the
position of general freight agent on the
Chicago & Eastern Illinois. going to the
Lake Shore June 10, 1897, as general freight
agent.
Receiver PIERCE of the Toledo, ST. Louis
Kansas City, Is much gratified over the
ton or general superintendent. Already he
has made changes which lead to a more
prompt movement of trains and taken steps
which resulted in some marked economies.
All of the Western roads are enthusiastic
over the manner In which their freight traf-
nc Is keeping up. They are a unit in say
ing that It has more than fulfilled all the
predictions that were made regarding ii at
the beginning of the year. In Iowa and Ne
braska IT is said to be particularly heavy.
In 1885 the fastest train service between
cleveland and Pittsburg, 135 miles, was nTe
hCurs. Now both the Pennsylvania and
the Pittsburg 81 Lake Erie are making the
run in three hours and one-half, and the
pennsylvania has under consideration max
ing IL In three hours when improvements
row in progress are completed.
e. o. Mccormick, passenger traffic man
ager of the Big Four has issued an order
prohibiting the driving of tacks, mills or
staples into the sides of coaches to fasten
banners or other devices. The passenger
equipment of the road has been put in the
best condition at large expense, and he pro-
poses that more care shall be exercised in
looking after it.
The net earnings of the Illinois Central
increase Of $206. 131 over the same month of
last year. For the nine months ending
March 81 the net earnings of the road were
$6.S33,93c. an inrcease of 81, 567,9SS over the
corresponding period of the preceding fiscal
year; Gross earnings for the month nth OF OF
over the same month of last year.
George Lowell, general superintendent of
the Monon lines. claims that there is no
road In the country that runs its trains more
exactly on schedule time than does the Mo-
fast
sheets show that in the month of April their
two fastest trains arrived at indianapolis
but twice late, and then only few minutes.
and at Chicago but once late. and in neither
case was 1T the fault of the train.
The official report shows that in the first
week of May there were handled on the Big
-Four system proper 7,011 more loaded cars
than in the first week of May. 1897. and on
the Peoria & Eastern $40 more loaded cars
than last year. On one day last week the
billing showed that 1856 different commodities
were handled on the road. The loaded car
movement of merchandise exceeds the COM
bined tonnage of grain, lumber and coal
handled during the month of April AS such
freights pay better rates than grain, coal
and lumber. the better the revenue derived.
Inquirer: The Madison indianapolis
was the first road built into indianapolis.
it being completed Oct. IL. 1&7 The build
ing of the Bee-line and the Indianapolis d
Peru roads was begun in 1850. construction
work in both cases beginning at Indianap-
oils. The next road was the Terre Haute
Il Richmond, now the Terre Haute & Indi-
aldpOHS, IL running Its trains In mere IN
1852 and the same year the road was COM
pleted from Richmond to Indianapolis. The
roads from Cincinnati and from Lafayette
were both completed in 1854, the Lafayette
road stopping at the Northstreet depot.
A meeting of all the passenger associa-
lions in the United States has been called
for Tuesday next at Washington d. c.,
unless the effort to change the place of
meeting to New York city on May 10 should
prevail. An effort is to be made at that
meeting to agree on universal rate for
transporting troops and supplies for the
government Some of the roads want d
rate of IL cent per mile, but George r.
Blanchard. chairman of the Joint Traffic
Association. is said to favor a one-cent-a-
mile rate. The Central Passenger Associa-
ton will be represented at the meeting by
f, A. Ford of the Pennsylvania lines, B.
n. Austin of the Baltimore e. Ohio, and
George De Haven, of the Chicago West
Michigan.
In commenting on the rumor that the
Monon will soon become a dividend payer
the United States Investor says: THE
spectacle of declaring dividends on Chi
cago, indianapolis d Louisville preferred
stock, when selling around "a and nominaIly
quoted at 1926 would he ridiculous. No
be anticipated. The road is at present do
ing well, showing increase in gross for
the ten months of the fiscal year ending
May ] of about 100000. The net increase
however, is not proportionately large. since
the company has been making liberal eX-
penditures on the property. The earnings
for the fiscal year promise to show some
where in the vicinity of per cent. earned
for the preferred shares.