The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1900-12-28
Profit during receiver
ship to Oct. 81, 1900.

Profit during receiver
ship to Oct 81, 1900. $1,03s. 7s4. 70
During the year Internationally in
debtedness to the amount of 3.55 was
raid. This Indebtedness consisted OF over
due notes Of the company, interest on them.
accounts payable, judgments, claims and
expenses of prior" operations. There was
collected from the co-lessee of the st. l..
V. & II. H. r. r. 500. 1861 as its proportion
of the cost of thirteen locomotives pur-
chased in 1885, and s6.S27.22 from the ST. J.
q l.. NJ. T. Company.
Before the beginning of the fiscal year
the other indebtedness of the company had
been paid by the receiver out OF profits
from operation, except the following: %
CD the claim of the Terre Haute & Peoria
bondholderS for interest on their bonds,
the amount of which due and accrued Oct.
81 1900. was s576 269.17, or s216,O19.11 more
than the balance of rental on hand; (3)
a judgment of $913.9O5 of the Superior
Court OF Marion county in favor of. the
State of Indiana, from which judgment an
appeal has been taken to the Supreme
Court.
The interest on the bonds of the T. III. &c
/. Railroad Company is promptly paid at
maturity.
The rental due the st. L., " & T. II.
Railroad Company is applied TO the purpose
specified in the lease, including the pay
ment of interest on the bonds. and for adj
dftion and betterments to that company
property with the consent of the company
and the surplus Is RENTED TO 1t from time
TO time
The rental due the T. H. & p. Railroad
Company Is set aside each month and such
part of il used is required under the
lease for track rentals, taxes, and also for
safety appliances, all obligations being per-
the T. III. & p. bonds. The balance of
rental is held In special fund awaiting
the litigation over the payment of this in
terest.
The earnings justifying it, very liberal
policy was pursued, especially on the main
line between Indianapolis and East St.
Louis. I'm making expenditures for improve
porate divisions of the road there was ex-
pended for maintenance of way and struc-
lures $l59. e02S more than in the previous
year. the increase being. respectively. on
the II. III. < I. Railroad. 45.2S per cent: on
the ST. L., v. & T. H. Railroad. 1900 per
cent, and on the T. III. & p. Railroad. Q. 73
per cent, compared with the previous
year. On the t. III. & /. Railroad the ex-
penses under this head equaled 81, 1Os 43 per
mile of main line and on the St. L., ". &
T. III. Railroad $1.644.70 per mile. A frac-
ton less than thirty miles of the main line
was relaid with eighty-five-pound steel
rails. making the total renewal of this
weight of rail during the rece'vership a lit
tie over los miles. or over "A per cent. of the
total length OF the main line.
During the year, in addition TO ordinary
repairs on all divisions. expenditures were
made on the shops I'm the way of rebuild
ing. additions and appliances. fer fuel and
l. II Il. Il.
347 81 was expended for additional tracks
and an interlocking plant, all OF which are
included in the operating expenses. as are
also the expenditures for new interlockers
at Arcola and Mackinaw. and $1.972.S4 for
additional sidetracks on the t. III. & p.
Railroad.
The sum OF SAC. s64 more than in the pre-
vious year was expended on maintenance
OF equipment. The principal transactions
were the purchase of three heavy freight
locomotives. for $4,000 each. and OF five
cabooses, thirty-one furniture cars, ten
special horse cars. ten box cars and $50 coal
cars and there was outstanding on Oct 81
a contract for 100 coal cars. which have
since been delivered. Excluding the last
named 100 cars. the expenditure for new
freight car equipment from Nov. IA. 1896. to
Oct 81 1900. was SIS. 81. for a total OF
Isl cars. During the same time eco freight
cars were broken up and scrapped. some of
them in casualties, but most OF them be-
cause of being too old and OF too small ca
pacity 10 repair. The carrying capacity OF
the freight car equipment is about IL per
cent. greater than at the beginning OF the
receivership. The locomotive and car equip
ment Is fully equipped with automatic
couplers. as required by the law. and So per
cent. OF the freight cars are equipped with
air-brakes. which fills the requirements OF