The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1900-06-14

favorable. IL has been and still is adding
TO the efficiency OF the plant. IL will de-
liver two new dining cars TO the Big
Four on July /. which are the most COM
piete in every detail of any ever built at
it's works.
The distribution of the Union Pacific hos
pital fund. under the direction of the re-
ceivers. Oliver w. Mink and Thomas +.
Wilson, Is proceeding rapidly, and II Is
expected that within three weeks all OF
the vouchers TO the 12.267 claimants. whose
claims have been allowed on the basis or
the pro rata of the amount available, VIII
have been sent out.
Col. William Shaw. district passenger
agent of the Chicago. Burlington q Quincy:
Frank Irish, travelling passenger agent or
the Chicago az Northwestern. and Travel
ing Freight Agents j. +. Vallery, of the
Chicago. Burlington & Quincy; II. t. Nico-
lay, of the Chicago, Milwaukee K St Paul:
and George A. Blair, commercial agent OF
the c., M. & st. p, are in the city.
The rumor that Thomas NJ. King is to be
recognized by the Baltimore & Ohio man.
agement and hat steps are TO be taken TO
effect a consolidation OF the Pittsburg *
Western. the Baltimore & Ohio and the
Baltimore & Ohio Southwestern appears
very plausible. 1t is understood that the
Baltimore q Ohio Jurisdiction will be ex-
tended over the Baltimore & Ohio South
western within the next month.
The Astor syndicate has secured from
the Honduras government concessions for
DuliulHS an lStlInldn railway dCTOSS IL
republic of Honduras, from Puerto Cortez,
on the Atlantic, to Amapala, on the Pa
cifc. This Is probably the largest railway
deal ever projected in Central America.
1t means a line two hundred miles long,
connecting ocean with ocean. Among the
hackers of the syndicate are John Jacob
Astor. senator Chauncey Nj. Depew,
Thomas Scott, Minor c. Keith. Mr..
Sprague. Mr.. Valentine, Mr.. Jennings, Col.
Cooper and others.
Nearly every railroad in the West has
fallen into line and advertised homeseek-
ers' excursions to every main point which
they reach, and as a result the scalpers
are preparing for a large business dur
ing the summer months. At first the rail-
roads held within a very moderate limit
for the return trip. until recently one road
announced that return trip homeseekers'
excursion tickets Will be good until Octo-
Der 81. These tickets are TO be sold on
June 10, July 3 and IL and Aug. Z and q.
consequently the scalpers will have from
two to four months to work on them.
The report of no railroad in the country
for the current fiscal year is more note
worthy than that made by the Chicago &
Northwestern to May 81. The company
shows earnings equivalent to 1853 per cent.
on the entire stock capital. The preferred
stockholders have received their regular
z per cent. dividends for twenty years.
and during several years received more
than that. The common. on the other
hand. received 6 per cent. from 1856 to 1893.
3 per cent. In 1894, 4 per cent. in 1895 and
5 per cent. since until the present year,
when the rate was increased to 6 per cent.
Evidence of the strong influence OF the
standard" lines in governing and regulat-
ing passenger rates was received by pas
senger agents yesterday in the nature of a
notice to the effect that beginning July I
party rates would be regulated on a two
cents-a-mile basis entirely. 1t has been
the custom to grant 2-cents-a-mile rates
to parties of ten and forty, and from fifty
to ninety-nine a discount of 10 per cent.
was allowed; over one hundred a further
reduction was given, and so il was an OBJ
ject for large bodies to go. Under the
new rule a rate of 2 cents a mile will be
given TO parties OF ten or more regardless
of the number. This will fall heavily on
theatrical companies.
A party of the officials of the Baltimore
& Ohio visited Pana on
Monday and were met by a committee of
business men for the purpose of negotiat-
ing an agreement in regard TO the car and
machine shops recently removed by the
company. Some weeks ago the company
removed the shops from Pana to Flora.
Steps were taken to prevent their removal.
but proved a failure. in consequence of
which the citizens of Pana want the build
ings and grounds so they can offer them
as an inducement in getting industries
there. The railroad people examined the
grounds and buildings and stated that they
would release all claims to them provided
they were given a right of way through
the township. and It Is believed the mat
ter will be settled in that way.