The Indianapolis journal., 1899-02-23

Of dividend on Panhandle preferred stock
The statement for 1898 shows proflts OF $l,-
254,VoS, but II was announced tnaI ~ Wouiu
be necessary to set apart consi1eraDle ..,Is
sum to meet extraordinary expenditures no, not
properly chargeable to capital accouIlt; Inc
amount Of preferred stock Is SZz.69oVVV, on
which per cent dividend woulo call lot
$904, 600.
The executive board Of the southwestern
bureau reconvened at st. Louis yesteroay
and G. G. Warner, vice president OF the
Missouri Pacific system, was eectGu , t cnalr- a1ir
man to fill the vacancy caused by the resig-
nation of w. H. Truesdale, VINO mas ar
ranged to sever his connection with the
Rock Island system. Vice Presluent ,sdI at Faul
ed vice chairman, to succeed Mr.. warner
A meeting of the rate committee Will be
held in st. Louis March Z, and the executive
board will meet here again March Il.
The terminal switching system put into
operation last week at the new station OIL
the consolidated lines at Boston is sald 10 %
very complete. Three shifts OF men Work-
ing eight hours a day are required 70 dlrect
$50 trains. Working in the tower with com
pressed air cylinders connected with eiectrlc
wires, touch Of the finger is sufhclent 70
make connections work on the instant and
switch an incoming train to the proper track.
To connect the main tracks with tnose IN
the station itself there are hfty-two single
switches, thirty-nve double slip switches
and thirty-five movable frogs, and the con-
troll of all Is proving perfect.
Governor Roosevelt was waited upon at
Albany last week by a delegation of loco
motive engineers There were about thirty
In the party, and they told the Governor
they were interested in certain legislation,
and desired that when 1t came to him later
on he would accord them hearing This
request the Governor said he would comply
with. AS the engineers fled out of the
chamber the Governor expressed great ad-
miration for them. Turning to an outsider
he said: I'D like. you to look at those
mems faces and their figures There are
very few bodies OF men who have visited
me this year who quite size up with them. ="
Within ten days after F. D. Underwood
left Minneapolis to become general manager
of the Baltimore d Ohio two hundred miles
of the main line were blocked with snow
and Baltimore had a worse blizzard than
any one in the Northwest ever experienced.
1t cost the road about 10000 day for four
days to get the tracks in condition to re-
sumo traffic, but the officials are very proud
Of the fact that they beat all competitors
in getting trains through from Pittsburg
and other Western points to Baltimore,
Philadelphia and New York. All of the
through trains that were delayed by the
storm We're fortunately tied up at large
towns, so that none of the passengers suf
fered from hunger or cold
The recent order for locomotives from the
Midland Railway, of England, has been ex
planned by the chairman of the company, Sir
George Ernest Paget, in which he pays a
handsome tribute to American engine build
ers He stated that the company had ordered
170 engines from English makers in 1897 and
not one of them had been delivered yet, and
that when the company gave an additional
order in December, 1898, the company could
not get promise to deliver one within tif-
teen months, so 1t was determined to ask
bids from the American locomotive works.
In one case ten engines were promised in
ten weeks after the order was placed, and
another works promised to build ten, to be
delivered within four months.