The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1898-12-09

per mile. which accounts for the COMPARE
lively small dividends paid on railroad in
vestments In Illinois
J. J. Ill., president Of the Great Northern,
has purchased the tax certificates on the
old Union Pacific roadbed between Tacoma
and Portland. The Union Pacific spent ST.
$4,000 on this line, abandoned the work and
the property has been held for taxes. This
purchase by Hill is thought to mean that
he will invade Northern Pacific territory.
The Wabash will be obliged to take up
between Wabash and Andrews, ii being so
brittle that the rails break as the heavy
locomotives of the fast trains pass over
them. A few years ago the Indianapolis
& st. Louis road had to take up some
fifty miles of new rails. so highly tenn.
pered were they that they crumbled with
the jar of the locomotive.
1t is well understood that compact has
been entered into between the Vanderbilts
and President Thomson, of the Pennsylvania
lines, which means that these roads will
compel the weaker lines to refrain from
rate cutting. When the Baltimore & Ohio
is out of the hands of its receivers ii will
no longer continue as a Notwithstanding fac
tor among the trunk lines. 1t is said that
until this is accomplished the agreement be-
tween the Vanderbilt and the Pennsylvania
lines will not become operative.
Norman Beckley general agent of the Big
Four's Michigan division, was in the city
last evening en- route to Cincinnati On Jan.
] Mr., Beckley will have been in service on
the Michigan division twenty-five years. He
entered railroad service on the Vermont
Central in 1885, coming West in 1861 to ac-
ccpt the position of assistant superintendent
of the Lake Shore & Michigan Southern. On
Jan. ], 1878, he was appointed general man
ager of the Cincinnati, Wabash & Michi-
gan. the Michigan division of the Big
Four.
The annual meeting of the stockholders of
the Atchison. Topeka & Santa Fe Railroad
was held in Topeka. Kan yesterday. Only
q few of the stockholders were present, but
more than two-thirds of the capital was
represented by proxy. Chairman Aldace j..
Walker of New York, President z. p.
Ripley and w s. Roach, of Chicago, and
members of the board of directors. The
formal approval of the purchase of the San
Joaquin Valley line, by which the Santa Fe
will run trains into San Francisco. was
made. The meeting also formally ratified
the purchase and lease of various branch
lines
Anything said thus far as regards the
future of the Indiana Decatur & Western
has been in the nature of speculation.
cate that owns the Cincinnati, Hamilton &c
Dayton, it is questionable if it could be
operated to as good advantage If absorbed
by the c., H. & d. instead of as an indie
pendent line. The Cincinnati, Hamilton q
Dayton is member of all the traffic aSSo-
Citations and lives up to the agreements
probably more closely than most of its COM
petitors, while the Indiana, Decatur & West
crn is now and always has been a free
lance. 1t is questionable, If held down by the
association agreements, whether the road
could pay its operating expenses and fixed
charges. Whenever the road is extended
west, as first projected, a consolidation of
those well informed concerning the situa
ton