The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1903-09-16

monthly meeting yesterday. The only
business of Importance transacted was an
agreement to construct two additional side
tracks at the crossing Of the Belt road and
Big Four's Cincinnati division
The belief strengthens that some strong
line is behind the project for the construc-
apolis road and the Pennsylvania people
deny that they have anything TO do with
IT, the conviction Is gaining ground that the
Wabash is behind the movement.
The Panhandle announces the opening OF
its second track the division west OF
Columbus. This track has been constructed
as perfectly as any portion of the road, ana
constructed within the last eighteen months.
The other five was constructed in 1901.
w. III. Fox, superintendent Of the Tennes-
see Central, has been appointed superin-
tendent of the Tennessee Construction
Company and will relinquish his former
duties. c. s. Hayden and j. NJ. Freeman
have been appointed assistant superinteno-
ents OF construction and will have charge
or maintenance of way and structural work
General Manager Wilson, OF the Wander
bllt fast freight lines. was in the city yes
| terday, going hence TO st. Louis last night.
| While in the city he received telegram
J from New York announcing the arrival OF
I w. II. Newman, president of the New York
| Central and his family, also announcement
OF the arrival of l.. r. Doty, president or
| several coal and iron industries.
H. II. Lyon, secretary and treasurer Of the
| Lake Erie & Pittsburg, has issued an ofn-
| cial statement to the effect that the To-
Gated survey has now reached the
| Cuyahoga river, between Lorain and
| Olmstead; one tangent of over eleven miles
/ in length has been located, and the grades
are slight. The right of way through Lo-
rain and Cuyahoga counties has been Sc,
| cured, and it is expected construction VIII
| begin next spring or summer.
The Cincinnati. Findlay & Fort Wayne
Railroad Company was ii incorporated ,' on
/ poses 10 construct or acquire steam rail-
| road line from the Findlay, Fort wayne &
Western junction with the Big Four TO con-
meet with the Wabash and the PfttsDurg,
| Fort Wayne & Chicago at Fort wayne.
Attached to the articles of incorporation is
a deed transferring the Findlay, Fort
| Wayne e. Western to Rush Taggart, OF
| New York.
| Negotiations are in progress between the
| Chicago Terminal and Transfer Railroad
| Company and the Chicago, Cincinnati d
| cinnati, Richmond & Muncie, for running
its passenger trains into the Grand Central
| passenger station at Chicago over the for
msr road. w. A. Bradford, jr., attorney
| for the road. says that as soon as this point
| is settled he will turn his attention to the
other end of the line and to the extension
| of the latter system TO Louisville.
The extension of the Cincinnati, Indian
| apolis Western to Springfield Is COM
| pleted, and the five gravel trains which
| have been in service some months ballast
| ing the line were returned to the c., II. q
| D., on which line considerable reballasting
| is to be done. The c., l. & WIS new track
| is in excellent condition.: for thirty-six
| miles 1t has but one grade of any i'm
| portance, where 1t crosses the Wabash,
| and at this point there is a curve TO over
| come. The remainder Of the line is prac-
| tically an air line.
The annual meeting of the Minneapolis,
| St. Paul & Sault Ste Marie Railroad was
| held I'm Minneapolis on Tuesday. The an
nual report issued to the stockholders
| shows an increase in gross earnings of over
million dollars. A summary of the re-
port is as follows: Gross earnings from all
| sources, s., 293, 743; operating expenses, Vs.
| 7l9s22.6S; net earnings, $,51S, S2O6S; hxed
| charges, taxes, ETC., 81 909, 30; surplus,
/ 81, Co., 497. "a. The increase In gross earnings
| over 1902 was S1,036, 15l.79, or about 16.5 per
cent, while the net earnings increased $751;
$685. or about rs per cent The operating
| expenses were 51.4 per cent. of the gross
| earnings. compared with AIS per cent. the
preceding year. The mileage owned and
operated is 1,4532S
c. E. Schaff, general manager Of the
Big Four, spent the day yesterday in the
city in conference with officials of the sew
| eral departments. Mr.. Schaff says the road
| is handling the largest tonnage of freight In
it's history and at good paying rates. and he
could see no indication of an early falling
off in traffic. The company has all its new
engines In service and they are performing
| with satisfactory measures. The passenger
business of the road, as well as Its freight
| traffic, is at It's maximum and taxing all
the freight cars and passenger coaches
| that can be commanded, and he thought
the road would next year have even more
business than this year Track improve
ments are progressing finely, which is a
great aid in the movement of trains. In
the first fourteen days of September the
| Big Four handled on the system SO, 641
loaded cars, against 70, 1876 in August. 1902
an increase of IL per cent this year.