The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1902-11-29

Union Pacihc's Pension System.
Rules and regulations for a pension sys-
tenn. which will go into effect Jan. l. 1903.
have been completed by officials of the
Union Pacific Railroad by which its old
employees will be retired on pension. 1t
Is expected that the system will involve the
annual distribution of over $4,000.
General Notes.
Thanksgiving travel on the local lines
was scarcely up to expectations.
c. l.. Stone, of Louisville, general pas
senger agent of the Louisville & Nash
vile, was In the city yesterday.
There is report current in the East that
Mr. Gould has declared his intention to
resign from the Union Pacific directorate.
A report comes from Pittsburg that the
pennsylvania Company will at once move
to have the Vandalia receivership dissolved
on Jan. l.
George d. Sawyer, of Detroit. has been
appointed general passenger and freight
agent of the Lake Erie, Alliance & Wheel
ing Railroad.
The earnings of the Big Four for the
third week of November were s4O3, 1928.
an increase over the earnings for the CORE
spending week in 1901 Of s14,6S253
The Pittsburg. Bessemer & Lake Erie
Will expend $2OOO,00O in improvements. The
greater part of this sum will go into re-
laying and double-tracking the line.
1t is reported that w. c. Arp, master
mechanic Of the Vandalia, is to be made
superintendent of motive power of the
pennsylvania system west on Jan. i.
The Railroad Commissioners of Maine
have authorized the Boston & Maine Rail-
road Company to issue 10000 additional
shares or stock OF the par value OF $l,UO,-
600.
OF the twenty-eight roads reporting for
the third week In November twenty-four
show an aggregate increase of s7SS, PIP.
322. Net increase of the roads reporting,
s144,seo. or 11.S2 per cent.
The Wall-street Journal has reports from
III roads OF earnings for the quarter end
ing sept 80. These show gross earnings to
nave been 1858 O0S 2ll; net. Sill ,975 as COM
pared with gross of $40. AL IFS and a net
OF sl22' s6S'SH for the preceding year.
The Columbus Dispatch of yesterday says
the bad weather of the preceding day de-
moralized train schedules generally. Trains
reached that city from one TO three hours
late. The Big Four train from Cleveland
was the only one that arrived on time.
n. T. Herr, Santa Fe master mechanic
at Fort Madison, Iowa, sent his resignation
to the general officers yesterday. He has
accepted service with the Norfolk & West
ern road. j. H. McGoff, of the Northern Pa
cif1c, Will assume the vacant position Dec. j..
The Wabash is purchasing large tracts
of coal lands along its proposed line in
West Virginia, the contract for the con-
struction of which has just been let The
burg and enters the most valuable coal
lands of West Virginia.
Contracts have been placed with the va
rious rail mills during the past few days
rails. Some of these orders cannot be
filled short of year. The demand for
bridge material is as great as that for
rails.
The statement of the L. & NJ for the
third week of November shows the earn
| ings to have been 1894 1896. an increase Of
So.50 over those of the corresponding
| weeks were S2,07S,910, gain of $lS5, S35.
The earnings from July to date were sl3,-
4S0.151. gain of 81, ,424.
The last four reports of the Wheeling
& Lake Erie show slight increases in earn
ings, but greater increases in operating
expenses, the aggregate decrease in net
for four months being s77,Ol7 The report
| for the last fiscal year is not yet out. but
| it is not believed the road has earned more
than 4A per cent on its preferred stock.
AS the executive officers of the Eastern
| lines will not meet to consider the pass
question until the 18th prox., j. V. Ma
honey, chairman of the pass agreement
notice that its adjourned meeting, which
was to have reassembled In St Louis on
| the I'd, has been postponed indefinitely.
The Burlington is pushing work on a new
line between Des Moines and Oskaloosa,
which will furnish a more direct line into
Des Moines than via Alba. 1t is the in
1 company "A
service between Des Moines, Burlington,
Chicago and st. Louis, which will ma
| terially shorten the time between the
various cities.
John X. Bennett: who has been district
| superintendent at Buffalo for the Pullman
| Company since 1876 said TO reporter that
the shops in that city had just received
an order for forty cars. He added: We
| have eighty stalls at the shops and all
are filled with new or repair work There
are 1,400 men employed at the shops here,
| and soon we will increase that number to
| 1,S00."
NJ. X. Barnum. superintendent of motive
power of the Nebraska division OF the Union
| Pacific Railroad, with headquarters in
Omaha City, has resigned to accept posi-
| ton of assistant general superintendent of
| motive power of the Southern Railway.
| His resignation takes effect Dec. 10. at
| which time he will leave for the South He
has been with the Union Pacific road for
| twelve years.
Construction work the Des Moines,
Iowa Falls & Northern is being pushed
| forward with the expectation of reaching
Des Moines within the next two months.
The intention Of the new company is TO ex-
| tend its line from Des Moines 10 a crossing
| of the Illinois Central at Charles City.
| Although the ultimate destiny of the road
| is not clearly known to the public, the i'm
| preston prevails that ii will become a
part of the Illinois Central system.
The October statement of the Chicago &
Eastern Illinois shows a gain in gross
1 Va Slfl,4SV, anu a gam III net OF
SIS. 62l The surplus for the month was
| increased $63,S5l. In the fiscal year ending
| June 30 the company earned IA per cent.
| on It's common stock. after allowing for
| the per cent. on the preferred. Judging
| by the fact that the surplus for this year
| gained $lSO.935, II is estimated the road is
! earning nearly IL per cent. on the common
| stock.
| The monthly report of the voluntary re-
! lief department of the Pennsylvania lines
west of Pittsburg for October has just been
submitted by Superintendent Thayer I'm
der the head OF death benefits there were
| nine cases Of accident with an attendant
outlay OF $3.50, and fifteen cases from nat
/ ural causes with an outlay of sll,000 Tn
! der the head OF disablement benefits there
| were SIT cases OF accident with an attend
ant outlay Of Sll,fil25; and 727 cases of
| sickness with an attendant outlay OF
| 1892 20 The total number OF cases cared
! for during the month was l,56S and the
| nfal outlay co.