The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1903-02-08

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275.ooo tons. which is little more than the
weekly average since Jan. i. The towns
along the branch roads are now being sup
piled and the company expects shortly 10
begin larger western shipments.
The Pere Marquette Railway Company
has placed order with the American
Shipbuilding Company for two big car fer
ry steamers TO cost about x150.OO0. The boats
VIII carry cars exclusively between Luding-
ton and Milwaukee. The American Ship
building Company is now under contract 10
build sixty-four lake vessels at an aggre-
gate cost of S14O00.OO0. Forty-three of these
boats are to be delivered during the pres
ent year.
Schedules in bankruptcy have been fled
by Cummings & Stockbridge, of New York.
which firm made general assignment for
the benefit of its creditors on July 20 last.
The firm, which is one of the large brewing
interests. had offices in New York in addi-
tion to Hamburg, London, Brussels. Havana
and other foreign cities. The gross la
bilties are $l,1T,1SS, and assets of $I2l,7
100000.
The British courts have granted the Mar
conf company leave to amend its memoran-
dunn of association so as to enable it to
cope with what counsel described as "po-
tentialities beyond the dreams of science"
In support of the application counsel casu-
ally mentioned that Marconi expected
shortly TO encircle the earth with wireless
messages and hoped TO apply his system to
heating. traction and TO publishing daily
newspapers.
1t is semi-oficialIy stated that the pro-
posed increase of the capital stock of the
pennsylvania Railroad will be from $23o,-
000000, the present capitalization, TO $780,
100000. The increase will be made from
time to time as circumstances may require.
There being about 900 shareholders, and
the Pennsylvania laws requiring a major
ity vote of outstanding shares, the man
agement is now soliciting proxies for the
necessary majority.
The Federation Window Glass Company
| iCCnQ6 a a convention lass
manufacturers of the country to meet in
Columbus, o., Feb. Is. 1t is understood the
purpose is to discuss threatening de-
moralization OF the glass industry by the
introduction of a machine by the Anleri-
can Window Glass Company. which will
take the place of blowers. The American
promises to have representatives present at
the proposed meeting. The call is signed
by President ]. II. Johnston.
A royal commission has been appointed to
consider the question of rapid transit in
| London, says the New York Tribune's Lon
don correspondent AS a consequence. many
tube scheme bills which are now in Parlia-
ment will be delayed until 1904. Reference
to the commission is very comprehensive
! ably last four or five months. The most
| important point to be considered is the
question of establishing some authority or
| tribunal for consideration of all railway and
| tramway schemes of local character.
After an all-day conference between the
| officials of the Missouri Pacific Railroad
and representatives of the trainmen. who
| demand an increase in wages, the officials
| of the road on Saturday granted the same
| increase granted by the Missouri, Kansas
! d Texas road on Friday, 10 per cent. in
! crease to freight men and II per cent. to
passenger men. At night, after shorter
| conference, the officials of the st. Louis &
| San Francisco road granted a similar in
crease. 1t is believed the Cotton Belt and
| Wabash roads will follow a similar course
| early this week. A Missouri Pacific official
I said: I'VE had offered the men IL and
even IL per cent, but the offers were re-
fused. 1t was either question of Is per
| cent. or a strike"
Final settlement of the street railway
! strike at Montreal was accomplished on
| Saturday at a conference between a COM
| mittee of strikers and the officers of the
| street-railway company. The civic COM
mittee acted as referee. The strikers do
not gain as much as was announced Fri
! day night. The union is not recognized, al
| though the right to organize is not denied.
1 The strikers are. granted an increase in
wages of 10 per cent. All men who struck
| will be reinstated. At a meeting earlier in
/ the day the strikers refused to accept the
offer of the railway company and asked for
| a complete surrender. The company at
1 once called for military aid with a view to
running cars. Then the strikers submitted
and asked for another conference, at which
| the terms were accepted.
Judge John F. Phillips, in the United
| States District Court at Kansas City, Mo-,
/ on Saturday handed down an opinion in
the case of Milwaukee brewing company
| against a state beer Inspector, in which
| the constitutionality of the Missouri State
| law taxing beer, and the question as to
| whether the beer bill was an interference
| with and a burden on interstate commerce,
was decided. Judge Phillips holds that as
| to beer consumed in the State he is con-
| trolled by the decision of the Supreme Court
| of the State on the constitutionality of the
| measure. AS to whether beer imported into
| the State to be exported out Of it can be
| taxed by the State, he holds that such tax
| cannot be imposed, as ii would be in con-
| travention of the fourteenth amendment to
| the Constitution and to the interstate-com-
merce laws. He holds that such tax would
| be a burden on interstate commerce.
| A deal practically has been consummated
| whereby syndicate of Eastern capitalists,
| headed by w. +. Sheehan, of New York,
| has acquired control of the Louisville Elec-
trio Light Company and the Citizens Gen.
| eral Electric Company, which control near
| ly all the electric lighting contracts In
| Louisville. The deal is the result of nego-
| tiations which have been in progress for
i the past few days between Mr.. Sheehan
/ and several of his associates and a num-
Der of Louisville capitalists. 1t is under
stood the Eastern syndicate offered -13l per
share for the stock of the two companies
/ and this offer will in all probability be ac-
4 cepted at a meeting of the stockholders
/ Monday as the principal owners of the
| two concerns have already signified their
/ approval of the sale. The two companies
/ will be merged into one. Nearly $1,000, 00G
| is involved in the deal Mr.. Sheehan and
| his associates left for New York on Satur-