Wausau pilot. [volume] (Wausau, Wis.) 1896-1940, 1907-01-08
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Responsibility for the wreck on the
Southern, Thanksgiving day, which caus-
ed the death of President Spencer and
six others, has been placed upon G. ID.
Mattox, the block operator at Rangoon
station, Va.
1t is believed that this winter 10000
persons from the middle West will visit
New Orleans and Cuba. Last year the
Illinois Central carried about 5000 tour
lists. The moderate cost of the trip to
either New Orleans or Cuba and the time
consumed are factors in the popularity.
The Chicago, Milwaukee and st. Paul
railroad has announced the issue of $780,
100000 of new stock, to be offered to
shareholders at par on the instailment
plan. bearing interest at 5 per cent, the
proceeds to b used in financing the Pa
cifc coast extension and numerous branch
lines.
The Northern Pacific railway an
nounces a plan to increase its stock by
500 100000. The whole issue will be of
fered to stockholders at par on the in
stallment plan, although the Northern
Pacific stock has been selling at 30. The
pfOceeuS Will 80 10 1he ucNciOEMchl VI
the property.
The annual report of the Union Pa
cific railroad showed an increase of near
ly $S,000,000 in gross transportation re-
ceipts. while the income from invest
ments amounted to $10,329,S15. At the
same time the fixed charges were reduced
over 100000 through the retirement
Of bonds. The total surplus was S12,-
232, 249 after allowing 8 per cent on COM
mon stock and a charge to the reserve
fund.
A machine that will hurl coal into the
frebox of a locomotive at the rate of 200
shovelfuls a minute, if necessary. will
tighten the labor of the firemen on many
of the engines of the Northwestern road.
An order has been placed for 700 of these
mechanical stokers at a cost of $330,000,
The General Managers Association,
representing the New York terminals of
the Erie Jersey Central. Lackawanna,
Lehigh and Baltimore and Ohio lines, an
nounces that it will stand by its offer
to give cents an hour advance TO yard
conductors and brakemen, but would not
concede the 5-cent increase demanded.
Chairman Knapp Of the interstate com
merce commission, commenting on the
present car shortage in the Northwest,
said that the whole country was in a
state of congestion, and that the railroads
are in condition of inefficiency resulting
from demands which exceed Uresent ca
pacity. Various managers find it ex-
tremely difficult to secure the additional
help that is needed for increased bust
ness. while those already employed Lave
reached a condition. through overwork,
where they no longer have ambition. This
condition exists in almost all industries,
he saws. as well as in that of the rail-
roads.
The Lake Shore railroad has raised the
annual dividend from s to II per cent
in consequence of the enormous increase
in earnings. The real earning power Of
the system is estimated to be in excess
of 20 per cent. As the Michigan Central
had also increased its dividend from . to
6 per cent, it was presumed that the New
York Central would follow suit
The various railroad labor unions OF
Chicago decided to ask for 10 per cent
increase in wages and the eight-hour day
for through freight crews. This demand
will so to forty-seyen different companies,
and. being a second or compromise de-
mand, it did not require thirty days mo-
tice for a strike.