The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1899-01-17

vision of the Big -Four. is to be the sue
cessor of t. J. English as superintendent
| OF those divisions on Mr.. English going to
| the Baltimore & Ohio lines.
| The handsome new full vestibuled coaches
the Pennsylvania is now putting in service.
putt at the company's shops in Columbus
ana IN Altoona, cost 400 each.
Albert ingalls,. assistant superintendent of
/ the indianapolis and Cleveland divisions of
! the Big Four. is in the city; also, Harry
] Miller, superintendent of the Vandalia main
1 line.
The Ohio Falls car works are now at
work on a contract to build 900 freight cars
/ for the Queen & Crescent road. This COM
pany has contracted for 500 but the Lenor
| Car Company is to build 100 of them
| In securing the Chicago, Fort Madison
| Northern q Western the Chicago, Milwau-
| kee q st. Paul has placed itself in a po-
| sltloH 10 compete with other roads for bust
| ness between Chicago and Des Moines.
The passenger department of the Pennsyl-
! Vania has engaged for its California excur-
| sion, Feb. 9, the magnificent Pullman train
| exhibited at the worlds fair and subse-
| quenty at Atlanta, Nashville and Omaha.
| Competitors of the Erie lines west are
making an earnest effort to induce the Erie
| 10 become a member of the Central Passen-
ger Association Mileage Bureau, it being
ton.
1t is stated that the railroad branches Of
| the Young Mems Christian Association are
making rapid gains in membership all over
the country, and with the, aid of the rail-
| their associations.
Nine Santa Fe conductors running on the
| Western New Mexico and Rio Grande divi-
| sions, have been discharged from the serv-
| ice for using the short-fare system. An in
vesttgation is pending and more discharges
will probably follow.
President Samuel Spencer, of the South
| ern Railway Company, says there is no
| truth in recent rumors that the syndicate
Whlch had purchased the Seaboard Airline
would turn the property over to the South
ern railway Company.
The English security holders of the Chi
cago Great Western have voted favorably
| on the question of raising funds to extend
the road to Omaha. When built the road
will have six miles the shortest line between
| Chicago and Omaha.
The Chicago & Rock Island is making a
to Sioux City, Ia, ITO miles. and for
branch to Pocahontas, twenty-five miles.
The company also has under consideration
building line from Tara to Sibley, place
100 miles northwest of Sibley
The Wisconsin, Minnesota & Pacific Rail-
road. owned by the Chicago, Rock Island q
| St Louis Railway, has been purchased by
| the latter An issue of S5,000,000 4 per cent.
! bonds has been made to take up the road
! and already disposed of to a syndicate.
J. T. Harahan, vice president of the
| Illinois Central, says regarding the com
| panys franchise at New Orleans that it Is
| still in the hands of the City Council, and
until that body decides the matter the i'm
proVements the company contemplates max
! ing at that city will not be made public.
| Officials and heads of departments on the
| Baltimore & ONO Southwestern, who had
| become somewhat anxious as to their posi-
! tions, so frequent were the changes in the
heads OF AFFAIRS are again resting easy,
| receiver Robinson, who is the operating
| official, announcing that no change is con-
! tempated.
B. S. Josselyn has been appointed man.
ager of the northern division of the Kan
| sas City, Pittsburg & Gulf Railroad in place
| of Superintendent w. A. Williams, who has
resigned. Mr.. Josseiyn was general man.
ager Of the Kansas City. Osceoa q South
| ern Railroad up TO last summer. when the
| line was absorbed by the ST. Louis & San
| francisco Railroad, in order to afford it an
| entrance to Kansas City.
The various merchants associations of
1 the country are to be given an opportunity
! to help the roads out of their present d.
| lemma The Interstate-commerce Commits
sion has decided to invite the large shippers
| to come before it with a view of bringing
! about a better maintenance of rates. 1t has
| been frequently charged that shippers have
been making their own rates, and that the
! high-priced traffic managers of large con-
Germs have demonstrated their utility by Sc
| curing low rates.
1 miles of railroad track in the city of Chi
! cago, eliminating ninety-fve grade cross
ings, the cost of the work being $6,750,03O.
Ihe number OF grade crossings yet to be
| eliminated is lightweight, and the estimated
cost of the work yet to be done is SIG $50, coo.
| In 1898 3d. miles of track were raised. which
/ leaves 14.3 miles yet to be elevated, but the
work to be done will be more expensive, as
| it strikes portions of Chicago where the
property is more valuable than on the out
| skirts. The number of crossings eliminated
! by the complete elevation is 14.
| An official of an important system of roads
/ said that he knew of no road in the Central
| Traffic Association territory which there
/ had been a more steady and healthy increase
| in passenger traffic than on the Monon lines
since the road had been placed in good con-
| dition and put on first-class equipment. It's
| trains are now run with promptness diff
| tcult to excel. Especially was this true on
! the indianapolis division, as is evidenced in
! the fact that in 1898 the road brought into
| indianapolis 1915 trains, but twelve during
! the year being late to exceed fifteen min
! utes. and in any minor delays the time
| lost in getting over the Union tracks into
/ the Union Station.
The advance in the common stock of the
! Big Four is said to be due to the awakened
| hopes of dividends in the near future. Be
! fore 1898 the common stock paid per cent
/ per annum. The preferred stock has re-
/ ceived annually per cent dividends for
/ many years. with the exception of 1897
! when only 2lb per cent was paid. The earn
! ings of the road the last ninety days have
1 been equal TO about per cent on the
! common stock after payment of the pre-
! getting on an excellent financial basis cannot
be questioned, and at the same time ex-
tensive improvements are being made to
| the property with each year.
Judges Wickes and Stockbridge at Balti-
more yesterday denied the injunction re-
Gently asked for in the Maryland Circuit
4 Court by Thomas F. Ryan. of New York in
which the petitioner sought to restrain the
transfer of 5000 shares of the stock of the
! Seaboard Airline, held by trustees under
! pooling agreement. The petition was dis
missed and Mr. Ryan was ordered to pay
| the costs. The stock in question was re-
Gently sold to g. syndicate headed by John
! Shelton Williams, of Richmond, and its
| transfer involves the control of the Sea-
! board Airline system. 1t is understood the
| for the stock which Mr.. Ryan claimed had
| been previously sold to him for $125 per
| share. The action of the court in denying
| the injunction clears the way to a transfer
! of the road to it's new owner.