The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1901-04-25

chairman of the board. The retention of
President 5. II. Galloway and First Vice
President T.. V. w. Rossiter followed.
The stockholders of the Cincinnati, Ports
mouth * Virginia Road will meet at Gin
clnnati on the 23d of May TO vote on the
question or selling the road to the Norfolk
a Western. AS the fiscal year of the c.,
p. & V ends June 80. if the sale is made
the Norfolk d Western will not, probably,
take possession until after tha date, in
order TO simplify the handling Of accounts.
1t is said that the designs of George j.
Gould extend beyond the merging of the
southwestern roads into one system, ana
that he desires to make it more complete
ana effective by tapping Mexico. He and his
friends have been the largest buyers or
Mexican Central in the open market. and
are thought TO have a controlling interest
In ii. The Gould roads connect with the
Central at Ell Paso.
President and General Manager Yoakum,
of the St. Louis & San Francisco, denies
that his company has purchased the Mex
lean Central or that il intends to. He ad-
in contemplation the extension of the line
TO Mexico, possibly south from Brown
ton would be made with the Mexican In
ternational, via TorreOn, thence TO the
City of Mexico by the Mexican Central.
A. j.. Cassatt, president of the Pennsyl-
yania Railway Company, has returned 10
Philadelphia after a three weeks trip TO
Mexico. Mr.. Cassatt stated that his trip
was solely for the purpose of pleasure and
recreation for himself and family, who &C
companied him, and that there was no truth
whatever in the reports published that the
object OF his trip looked to the acquiring
of control of certain Southern and Western
railroad lines by the Pennsylvania Railroad
Company.
The Hooking Valley. Ohio Central and
Norfolk & Western are still suffering from
the foods. General Superintendent Con-
nors, of the Hooking valley; reports that
that road 1000 feet long under sixteen
inches OF water. The Ohio Central was not
running south of Rutland yesterday, and
the Norfolk & Western was not receiving
freight or passengers for points south OF
Kenova, which is twelve miles south of
Ironton.
The long legal light for the possession OF
the abandoned Oregon Short Line right of
way through southesstern Nevada and
southwestern Utah, between Senator w. A.
Clark, of Montana, and the Oregon Short
Line representing the Hartman interests)
has been settled In favor Of the Oregon
Short Line, according to a telegram re-
ceived at Salt Lake from Washington by
General Attorney Williams, Of the Oregon
Short Line.
Semi-oficial confirmation is said to have
been obtained in Pennsylvania OF the rumor
that the Pennsylvania is to have represen-
tation on the Santa Fe's board to the ex-
tent of at leasht two members. This will
give the Pennsylvania, with it's New Haven
connection, a line through from New Eng
land to the Pacific coast. 1t is said that
in 1925 an offer was made of 81 for common
and 70 for preferred for control of the
Santa Fe. Negotiations were under way
for three months and then the attempt was
abandoned.
The New York Central is at work in an
effort to extend its business Into Canadian
territory. The St. Lawrence Is to be
spanned by a third bridge at Montreal. and
the Central has secured a controlling in
terest in the bridge company. Work will
begin on the bridge at once. and the Do
miniOn government is TO be asked to con-
tribute the usual IL per cent. OF the cost.
The subsidy has been informally. promised.
The estimated cost of the bridge is s6.00o,O0o,
with 100000 to be added for terminal i'm
p-rovements.
President Hall, of the New York. New
Haven 81 Hartford. says of his traffic ar
engagements with other roads that it has
been found necessary to adopt a more ag-
gressive policy to secure its share of West
ern through freights to the East. as the
traffic for revenue. As the west-bound
freight originating in n. Y. y. H. & III.
territory is all high class, and as four-fifths
Of the westward cars go back empty. Mr..
Hall says the company is in a position to
insist on liberal terms. Although no ratio
OF exchange has been fixed the N. V. n.
H.. & II. will insist upon several loaded
cars eastward to one sent westward.
The American Railway Association opened
its annual meeting in New York, yesterday.
The membership of the association is made
up principally of general managers and Of
lcers in charge of the operating depart
mentS of railroads, and there was a fair
attendance of these at the opening session
l.. +. LOree, general manager of the Penn
SylVania'S Western system, Is president Of
the association. The association devotes
itself to the technical side of railroad work
and at this meeting several important ques-
ticns of interest to railroad men will come
up for discussion. Probably the most i'm
portant question will be that of a standard
box car. Other questions TO be discussed
VIII be revision OF train rules, car service
safety appliances, etc.
The proprietors Of cotton mills in the
South. especially in the Piedmont region,
are complaining bitterly of the rates
charged by the railroads on both the raw
material and the finished product of their
mills. When they began operations they
turned out the coarser grade of cloth. using
the staple upland grown in their immedi-
ate neighborhood, and the freight cost cut
but small figure. Novs they are making
higher class goods. necessitating the use
OF long staple cotton grown further south.
and il is claimed that the freight on raw
to the factory belt in the upper Carolinas
Is 4 cents a hundred pounds more than is
paid by consumers in New England coast
cities. Conferences with railway managers
are in progress. and il is hoped reductions
may be secured.
The New York Commercial says: al
though il is pretty we'll understood that
a new syndicate is being formed 10 take
over the Wheeling & Lake Erie. Ii Is the
further understanding that this does NEAR
an elimination of the interests OF the
Goulds and the Wabash. II is. on the con
trary. a movement which will facilitate
the reorganIation Of the company upon a
new basis. one that will make possible the
wiping out of burdensome fixed charges
and the absorption of the line to be built
between Toledo and P1ttsburg IN the inter
est of the Wabash. The syndicate. IL Is
stated. will have it's identity more clearly
disclosed at the meeting of stockholders
i'm Nav. and is 10 afford the Pennsylvania
easv wav 20 unload it's minority holdings
of Wheeling & Lake Erie securities. which
are not desired without control. Had il
ING n might have been able TO keep the new
line out of Pittsburg. it is thought. but
from what General Manager Ramsey. OF
the Wabash. has plainly stated this does
not seem likely