The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1903-06-30

this season than ii can well take care Of
exceeding this month any former June In
the roads history.
Travel TO the Adirondacks the present
season is the heaviest ever known. and ii
is high-class travel, carried on fast rains
at high rates. 1t is not unusual on FRIDAY
to require forty to fifty sleeping cars TO
accommodate this business and the same
number TO return on Monday or Tuesday.
A conference of the Hooking Valley Rail-
road Company interests was held in New
York on Friday The fact has long been
accepted that the Lake Shore, separately
or jointly with the Pennsylvania, would as
sumo control of that road. but no official
information could be obtained as TO what
was done regarding the matter at the re-
cent meeting.
The stockholders of the Pittsburg & Lake
Erie Railroad yesterday increased the cap
ital stock from s. 200 600 to S10.000OO0. The
action was taken to allow a number OF inn
provements to be made on the road: Half
of the Increase was taken by the Wander
bilt interests. The directors met after the
stockholders meeting and declared the
usual per cent. dividend.
Indications are the number of people
who will go TO Denver next week TO attend
the International Christian Endeavor con-
vention will be large. The Big Four and
the Chicago & Northwestern have been
designated the official route, but arrange
ments have been made for extra sleeping
cars via st. Louis in connection with both
the Missouri Pacific and the Chicago, Rock
lSland & racine.
The new Chicago railway passenger ter
minal. "Lasalle street station, at Van
Buren, and Lasalle streets, Chicago, to be
used by the Chicago, Rock Island & Pacific
Railway, the Lake Shore Michigan
Southern Railway and tho Nickel-plate
line. will be opened July IL. All trains
over the lines named arriving at Chicago
after midnight July IL or departing from
that city after that time will use the new
building.
The Big -Four and the Pennsylvania are
preparing for d heavy business Eas. next
month IN account of the National Educa-
tional Association, Boston. July s. ]. S, 8
and TO- The Big -Four will run special train
of sleepers, the party going via Niagara
Falls, Montreal and the st. Lawrence river;
the Pennsylvania will handle the teachers
| by way of Washington. New York and the
sound line or steamers and additional Steep
ers will be required on all regular trains.
The annual excursion rendered by the
pennsylvania to tie press of Philadelphia,
Baltimore and Washington was run on Sat-
urday. The party We're entertained over
Sunday ard returned yesterday, and num-
bered abouc 4,C0e The annual ball on Sat-
urday ev anirg was feature, and a grand
sacret concert with augmented orchestra
was given on Sunday. Passenger Traffic
Manager j. f. Woods. General Passenger
of the advertisement department % the
Pennsylvania, accompanied the party.
Articles of Incorporation filed in
the office of the secretary of state of Illi-
nois on Monday of the Belt line in st. Clair
county of the ST. Louis, Iron Mountain e.
Southern Railway. The name of the in
corporation is the Iron Mountain Connect
ing Railway with principal office at East
St. Louis and nominal capital stock OF w.
| 5000O0 Ii is to be constructed from point
on the Iron Mountain & Southern Railway
near its junction with the Illinois Central
Railway in st. Clair county and Is to run
in northwesterly direction to the Mis-
sissippi river.
Since the Vanderbilt people got control Of
| the Lake Eric e Western, a great change
| has been wrought in the methods of doing
| business where side tracks have been built
| for manufacturing industries. The former
management Paid but little attention to this
matter. If a firm wanted a side track lead
| ing to It's rlant, 1t was put in regardless of
contract. Since the Vanderbilt people took
control, they have had considerable trouble
| in securing legal contracts on fair terms to
| the manufacturers. Assistant General SUI
perintendent Moon has given much atten
| ton to the matter. and now every sidetrack
on that line is opeI ated under mutual agree
| ment between the parties.
| Official announcement was made by one
| of the executive officers of the Pennsyl-
vania yesterday that the latest returns
show that the $3.50 600 of new stock has
F, all been taken by the shareholders and
that 80 per cent. of it has been paid up
| in full AS the stock was offered at $50
per share the issue of 100000 shares repre-
sents to the company a cash value of $780,
| 100000 from which must be deducted about
| 81 900 in commissions to the underwrit-
/ ing syndicate. From the proceeds of the
new stock issue will also be deducted a
/ temporary loan of SAC, 900 600 made early in
/ the present year. leaving approximately
| $3S, 800 600, according to the official state
| 900 has been paid in 1t was announced
yesterday that the s40,oOoOO0 borrowed early
/ in the year would be paid off. as the notes
| fell due in the second and third weeks Of