The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1903-03-14


corresponding period of the previous year
or S95,5H. Under the present management
the increased expenses in operation have
not cut down the net revenue to the extent
that II has on most roads.
Announcement is made that joint track
agreement has been entered into between
the Chicago * Alton and the Chicago, Bur
lington x Quincy which will shorten the
lines of both roads between St Louis and
Kansas City, and ii is understood that the
Chicago q Alton will not construct any ad-
ditional line, but will use the track which
will be laid by the Burlington.
Grain shippers, it is said. are disconnected
with the announcement of the Pennsylva-
MIA that Ii will again refuse TO take grain
for shipment East 1t Is less than week
since the Pennsylvania sent out notice that
all It's lines were open for all kinds or
freight. and shippers thought they saw the
hrst sign of relief for the troubles all grain
Shippers have endured the past winter.
The gross earnings of the Toledo, ST.
Louis & Western for the first two months
OF TINS year show gratifying increases. In
January the increase was S44,SlO, in Febru-
airy the increase SOL Az. The company
does not issue statements of net earnings,
but on the increase in gross earnings re-
ported since that time the earnings are call
culated TO be- above all other expenses,
ABOUT It2 per cent on the preferred stock.
AT a meeting in Chicago on Friday of the
central Freight Association, the Elklns
law came under discussion. The lines de-
clded simply TO send copies to their agents,
with instructions to obey its provisions. III
was held that ii did not make anything an
oifense which was not an offense under
former laws and that it does not prevent
Tree storage and similar favors granted
upon necessity to patrons.
The reports now published indicate an in
crease In gross earnings since 1896, the pc
Ilod OF the greatest depression, of at least
never earned 81 900, 100000 in a single year,
but In 1902 they earned $1,700, 100000. Net
earnings have increased in six years ap-
ties have advanced in this period an aver
age OF more than sixty points.
Arthur w. Trenholm, general superin-
tendent of the Omaha road, has been APP
pointed general manager to succeed the
late Walter A. Scott. and Wallace c. Win
ter, superintendent of the Wisconsin divi-
sion, has been appointed general superin-
tendent TO succeed Mr.. Trenholm. Mr.. Win
ter in turn, is succeeded by c. Bennett, of
the northern division. Mr.. Trenholm has
been at Omaha twenty-three years. and
began as a clerk in the auditors depart
ment.
Mcleod w. Thompson. chief engineer of
maintenance of way of the Pennsylvania
| who was stricken with illness while in
Plttsburg on Tuesday, died on Thursday at
Franklin county, Pennsylvania, fifty years
| ago, graduated from Princeton University
| In 1868, served in the Twenty-fifth New
| Jersey Regiment and in 1880 entered the
service of the Pennsylvania Company. He
| was regarded as an authority on engineer
ing and the manufacturing of steel.
William Garstang. master mechanic of
| the Big Four said yesterday that climatic
conditions affected the large engines now
| In use, during severe cold weather, much
| more than the ordinary engine. During the
| cold weather of the past winter these big
engines. on account of expansion and con-
| traction, would spring leaks and give much
| trouble, but since the cold weather has
| passed the engines are hauling their full
| capacity of loaded cars and there Is no
| trouble from leakage or in keeping up
| steam pressure.
The results of the poll being taken
| on the New York, New Haven & Hartford
| on the strike question will be known on
| Tuesday. The polling system includes nom
| union employees as we'll as union men. 1t is
| authoritatively stated that efforts are in
| progress to draw into the movement rail-
| road telegraphers and men in the marine
| department. Mr.. Hall. president of the
| road, declines positively to reinstate the
engineer recently dismissed. indicating that
| Fox, an engineer, justly discharged
| for running past a signal.
| The annual meeting of stockholders of
/ the Toledo, Walhonding Valley & Ohio
Railroad was held in the general offices at
| Coshocton o., on Friday. The following
board of directors was elected: James Nc
| Crea, Joseph Wood j. F. Turner and Ed
ward B. Taylor, Pittsburg; J. ]. Brooks,
| Salem, o.; John w. Renner, Pittsburg; l..
L. Gilbert, Salem, o.; w. A. Baldwin,
Jesse Fl. Forbes Coshocton and Leander
F. McVey Walhondling. The directors
| meeting will take place in Pittsburg
| shortly.
George II. Ingalls,. general freight agent
| of the Big Four, was in the city yesterday
calling on the various freight officials To-
Gated here. Mr.. ingalls, states that the
company has all the business it can handle
| with promptness, and had it more power
and more cars connections would be con-
| gested and result in slower movement of
| freight. He said the lakes would soon be
open and that will perceptibly relieve the
| situation. On the Big Four system, includ-
| ing the Peoria & Eastern, they were hand
| ling an average of $500 loaded cars per day.
| the best average in the history of the road.
! In the past few years the Illinois Central
| has developed a remarkable earning ca
| pacity and has risen to a foremost place
| among the strong systems of the country.
| In the last six years the surplus applicable
to dividends has expanded from 81, us, 600 to
| $780, 61, while the earning capacity has in
| creased from 81 per cent on $50. 500 900 stock
| in 1897 to 1913 per cent. on S79, 900 stock
| in 1902. The increase of per cent. in gross
earnings for the first eight months of it's
| fiscal year is above the average. Expenses
! over 121s per cent. larger than those of a
year ago caused loss of net earnings Of
| about per cent