The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1903-09-10

ground station and the plans for it's build
ing. President Cassatt is anxious 10 have
the work pushed
More than 100 bids from contractors rep
resenting every section of the country for
the proposed Pennsylvana-Balti &
Ohio Railroad terminal at Washington were
opened and scheduled yesterday by Chdef
Engineer Brown, OF the Pennsylvania. The
award will not be made for a week or ten
days. Under an act of Congress the sta
ton must cost not less than 100000 and
must conform architecturally TO the red
eral buildings at Washington.
At the annual meeting of the stockholders
of the Nashville, Chattanooga & ST. Louis
on Wednesday the old board of directors
was reelected with the exception of w.
w. Berry, of Nashville, who succeeds E. b.
Wastry, of New York, resigned. The re-
port of President Thomas shows the road
to be in first-class physical and financial
condition. At the meeting of the directors
the reelection of President Thomas and
all the other officers was effected.
j. S. Brooks. one of the oldest and most
efficient employees of the Lake Shore road,
will retire this week and will make his
home with his son at gainesville, q. Mr..
Brooks has been in the service OF the Lake
Shore fifty-two consecutive years. The
Lake Shore has several employees who have
thereabou but, but very few have passed
the fifty mark. He was active in his po-
sition TO the Cay his resignation took Ell
feet.
man who stands close TO George Gould
that the time is not far distant when Wa
bash trains will run into Philadelphia. 1t Is
said the business men of that city Will
welcome the Wabash as a competitor of the
pennsylvania. 1t is claimed they have
convinced the Common Council of Philadel-
the city and comparatively little opposition
is expected when IL comes 10 getting the
road from the outskirts TO the terminals
Every passenger coach now being built
In the shops of the Pennsylvania al Phila-
delphia. Jersey City. Altoona and Pittsburg
is electrically wired. In yards at Jersey
City, Philadelphia. Altoona and Pittsburg
are portable generators for supplying these
batteries, which are charged with a ca
pacity of about ten hours and must be re-
charged at the terminus of a run aggre-
eating the specified number of hours
Coaches equipped with this light are now
in constant use between Pittsburg and Jer-
sey City.
The annual report of the Lehigh Valley
Railroad Company for the year ended June
30. which was Issued to-day. showed the
gross earnings and other income to have
amounted to S27,259, 427. an increase over the
previous year of s2S06.229 The net income.
after deducting operating expenses, taxes,
against a deficit of s777 $40 in the previous
fiscal year. The net income of the Lehigh
Valley and other controlled coal companies
was sS95.9lSs as against deficit of Sl,O9S, 197
In the previous fiscal year.
G. A. Richardson, secretary of the Erie
road, says the order calling for the resigna-
ton within thirty days of all members Of
the clerical staff who have reached the age
of thirty-ffve years and have been in the
company's employ only since May l. 1901,
will affect but few people, and it has been
made necessary by departure from an old
rule of the company which has permitted.
for the last two years the employment of
clerks well along in life who should never
have been engaged and whose places should
have been given to young men trained in
the company's employ.
The Chicago & Northwestern as a result
Of its conservative management. is consid-
cred one of the gilt-edged railroad prop
critics. Nothing could better indicate the
correctness OF this generally held opinion
than the report for the fiscal year ending
June 80. Although gross earnings increased
So, 1876, $50. or over 6 per cent, net earnings
actually decreased $3.50 This Is, of
course, due to the large increase in operat-
ing expenses, which consumed &c % per
cent. Of the gross earnings. For railroad
which has always taken good care of its
roadbed and equipment and spent so much
money in improvements and betterments
the operating ratio seems high, but it shows
what a figure increased operating expenses
cut in general results. The freight statistics
show an increase, and show that freight
traffic contributed 7O.5 per cent. of the
gross earnings.