The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1899-09-22
SYSTEM In CAR LOADIN
WHAT THE WABASH HAS ACCOM-.
LIsHED IN THAT DIRECTION.
In Nineteen Hours 74t Passenger
Trains Handled at Boston's New
Station-GeneraI and Personal

In the ten years ending with 1895 the Wa
bash Company's train load did not vary
far from $50 tons, and certainly no note
worthy increase had been shown. The rec
ord OF 1885 was I6 tons. Since that time
the gain has been continuous and signifi-
cant. The possibilities in this direction are
receiving careful attention, and in view OF
the new equipment that Is coming into
service every reason exists for the belief
that the limit has by no means been
reached. Starting with 16 tons as the av-
erage freight train load in 1895. Mr.. RAM
sey has brought up the record to 1913 tons
In 1886. A3 tons in 1897, 217 tons in 1895. and
Us tons In 1899. A considerable part of the
gain in train loading upon the Wabash lines
Is due to the careful attention that is now
paid TO loading. Mr.. Ramsey is reasonably
an enthusiast with regard to the opportu-
mites for saving In this field. Practically.
however, II Is not so easy 10 increase train
loads by packing more freight into each car
to the manifest advantage of the car mile
age account as 1t is to increase them by
putting more cars behind the more bower
full locomotives of the present day. On the
Wabash improved loading of cars Is prac-
ticed as well as preached, and accordingly,
from an average load per loaded car Of
little more IMAM CWtiFc lOHS III - thc
loading has been raised to 1854 tons, the
largest amount of gain in a twelve-month
being realized during the past year. By
systematic train loading the Chicago. Mil
waukee &c st. Paul has increased its ton
nag train load from LIS TO $50 tons, and
this directly resulted in an increase OF
40, CO., In net earnings
The p, X. c. & G.. to BE Reorganixed.
The Chicago Record says. this morning:
kilograms from Mr.. Stillwell and other
members of the Philadelphia committee an
nounce that a majority Of the Pittsburg &
Gulf bonds have been deposited. insuring
the carrying out Of their reorganization
plan. The Guardian Trust Company also re-
ceived word that the Philadelphia plan
would be declared operative and prelimi-
nary steps be taken to put IT into effect.
First, IN order. is understood to be the call
ing in or the April coupons and the pay
ment of the defaulted interest. Cash for
mittee. For the bonds which have been de-
posted in pursuance of the Philadelphia
plan. receipts have been issued TO be ex-
listed on the New York Stock Exchange.
These, in turn, will be exchanged, after the
plan has been carried through, for the new
securities. 1t will probably take three or
four months to transfer the property to the
new management, as the affairs of the re-
ceiversnlp must De cleaned up and the usual
court formalities taken to bring about a jul
dicial sale of the roads to the reorganiza-
ton committee The upset price will be that
which Is provided for by the Philadelphia
committee and ratified by a majority of the
bondholders. The victory of the Stillwell in
tsrests Is said TO presage extensions, alli-
ances and traffic agreements of far-reach-
ing Importance. The details of the plan
which has been agreed on have been closely
guarded. but there is believed TO be ample
the Pittsburg & Gulf road Atlantic and Pa
cific coast connections. as well as entrance
into Chicago"