The Indianapolis journal., 1902-09-24

such an extent that. compared with Its
condition five years ago. IL Is practically
new road. The improved roadbed Is now
regularly sprinkled with oil to keep the
dust down. and the train schedules have
been shortened fully 80 per cent
The Pittsburg & Lake Erie is construct.
ing, at its shops, an earth and ballas.
spreader. The apparatus. which is mounted
on an ordinary gondola car, ordered 10
meet special conditions, is adapted 10
widening banks. grading for double tracks
ana sidings, and for sloping ballast, CIV
Ing 1t perfect slope and alignment.
1t is stated on seemingly good authority
that controlling interest in the GAINESVILLE
terminal Railway Company has been ac-
CURED by the Wabash. The acquisition
of this property will enable the Wabash TO
connect the Wheeling & Lake Erie road.
which II now controls, with line which IL
will build from GAINESVILLE to ParkersburG.
The Boston & Maine carried in the year
ending June 30 S7,sSO047 passengers, 666. 1o'
fewer than in the previous year, and 49,
1S3.32l tons of merchandise, or $50 tons
more than in the year ended June 30 1901.
This shows the effects of the electric lines
on passenger service in New England, as
the Boston & Maine covers a large terri
tory OF New England.
Capt. John r. McQuown, for twenty
years connected with the construction OF
the Baltimore & Ohio, has resigned and
struction of the Jacksonville & Southeast
ern road from Litchfield TO Centralia, Ill
He will accept his new position on Oct l.
This road was recently purchased by the
Chicago, Burlington & Quincy.
The Lake Erie & Western has large
force of men laying new steel on the for-
mer L, p. & G. division of the road, and
when completed the indianapolis division
will be a first-class road. Many Of the rails
taken up have been down many years, eth
er on this road or on some other road, from
which they were removed to make room for
heavier rail. The business of this division
between Indianapolis and Peru has so in
creased Of late years that a better track
has become imperative.
Several changes have been made on the
st. Louis division Of the Big Four. The d.
vision has been divided into two train dis
tricts, with two trainmasters. G. M.
French. who has had charge OF the entire
Mattoon and ST. Louis. and E. NJ. Costin.
formerly trainmaster for the Peoria d.
vision. has been appointed trainmaster be-
tween Mattoon and Indianapolis. Chief
Master Beck has resigned, and Thomas
Hayes, of the Little Rock road, has been
appointed to the position.
Judge Thompson, of the United States
District Court. at Cincinnati yesterday, re-
fused the application for a postponement
of the sale of the Columbus, Sandusky &
Hooking Railroad set for Sept. "a at CO.
lumbus. o. He also passed upon the find
ings of the master making distribution of
| the proceeds. He affirmed the finding Of
the master that current creditors cannot
participate in the assets in precedence of
the mortgages, but overruled the master
as to the status of the Monsarrat certif-
Gates. the court holding that these certif-
Gates, amounting to 100000, participate at
| par in the assets.
Gross earnings Of the Wabash Railroad,
according to the annual report just issued,
show an increase for the year of 81, ,499, ,02S,
| and the net earnings were increased $i03. 637.
| The net surplus is $201. 400, increase of
| $l0S,9 ,924. The actual results are: Total rev.
enues-19O2. s19, $40, ,7S1; 1901, $17.s16.446. Ex-
penses-19O2. SIS 234 OF; 1901, $14 O96. 1S3. Net
earnings-19O2 s4,136. 764; 1901. SO, 1853. In
! terest on bonds-19O2, s2,964 ISL: 1901, 81 706,-
/ 571. Net revenue-19O2, $1.172,007; 1901, $3.50,
| s92. Additions to property-19O2. $5S3 499:
1901, s544,127 Sinking fund charges, etc
1902, s177,04s; 1901, Sl12,630. Dividend of per
cent. on debenture "A" bonds-19O2. $4,000;
1901. s210,000. Surplus to profit and loss ac-
count-1902. s20l. 460; 1901, s93. 3.135. The report
/ of o. III. Deshley, chairman of the board.
states that during the year a mortgage of
s., 300, 900 was executed TO acquire the Oma-
| ha & ST. Louis Railway