306 FINANCIAL REVIEW OF 1893. 



FINE ARTS IN 1892-93. 



Railroads. Early in the year the principal 

 railroads of the country, particularly those cen- 

 tering at Chicago, completed their preparations 

 for the World's Fair passenger traffic and agreed 

 upon popular rates which, it was hoped, would 

 prove remunerative. They were subsequently 

 threatened with strikes of employees, but de- 

 mands for an increase of wages were resisted, 

 and managers were encouraged by the legal pro- 

 ceedings taken at the instance of the Toledo, 

 Ann Arbor, and North Michigan officials, who 

 successfully appealed to the United States courts 

 for protection against strikers on that road who 

 refused to handle cars of connecting lines. 

 Freight traffic was disappointingly small during 

 the first quarter of the year, and net earnings 



and Northern Pacific, the Union Pacific, the De- 

 troit, Bay City and Alpena, and the Fort Worth 

 and Denver, in October; for the Toledo and Ohio 

 Central extension and the Lake Erie, Alliance 

 and Southern, in November; and for the Atchi- 

 son, Topeka and Santa Fe, the New York and 

 New England, the Union Pacific, Denver and 

 Gulf, the Utah Central, and the Chesapeake and 

 Ohio Southwestern, in December. The mileage 

 of roads in receivers' hands at the end of the 

 year was 25,375, nearly one seventh of all the 

 lines in the United Sta'tes. The indebtedness of 

 these roads was $1,212,217,033, and the capital, 

 $674,412,487. 



The following shows gross and net earnings 

 of the principal trunk lines : 



decreased because of the low rates and aug- 

 mented expenses. The World's Fair passenger 

 business did not reach expectations until after 

 midsummer, when the volume became large, but 

 rates were so low as to be only fairly remunera- 

 tive, and about the only road which had a profit- 

 able season on this account was the Illinois Cen- 

 tral, which enjoyed extraordinary facilities for 

 handling the traffic at Chicago. The depression 

 in business resulting from the panic severely 

 affected railroad lines in all parts of the country 

 during the summer. After the World's Fair 

 closed, Oct. 30, Western roads showed marked de- 

 creases in earnings, and the business of the year 

 for nearly all of them was very unsatisfactory. 

 At the East about the only interest which was 

 fairly prosperous was that of anthracite coal, and 

 the coal-carrying companies were not materially 

 affected by the business depression. A strike on 

 the Lehigh Valley, in November, had a tempo- 

 rarily paralyzing effect, compelling the passing 

 of the dividend. The railroad suspensions of the 

 year were numerous and important, beginning 

 with the Reading, Feb. 20. This was followed 

 by the appointment of receivers for the Western 

 New York and Pennsylvania and the Toledo, 

 Ann Arbor and North Michigan, in April; for 

 the Toledo, St. Louis and Kansas City, May 19 ; 

 for the Little Rock and Memphis, the Manitoba 

 and Northwestern, the St. Louis, Chicago and 

 St. Paul, and the Seattle, Lake Shore and East- 

 ern, in June ; for the Pittsburg, Akron and 

 Western, the Northern Pacific, the Philadel- 

 phia and Reading, and New England, in August ; 

 for the Evansville and Terre Haute, the Cleve- 

 land, Canton and Southern, the Chicago, Peoria 

 and St. Louis, and the Wisconsin Central, in Sep- 

 tember; for the Union Pacific, the branch lines 

 of the Northern Pacific, the Kentucky and In- 

 diana, the Sioux City and Northern, the Chicago 



FINE ARTS IN 1892-'93. Under this title 

 are treated the principal art events of the two 

 years ending with December, 1893, including 

 especially the great exhibitions in Europe and 

 the United States, sales and acquisitions of works 

 of art, and erection of public statues and monu- 

 ments. 



Paris : Salon of the Chainps-filys6es, 1892. 

 The exhibition of the Societe des Artistes Fran- 

 cais, in the Palais de 1'Industrie (May 1 to June 

 30), comprised 3,999 numbers, classified as fol- 

 low : Paintings, 1,718 ; cartoons, water colors, 

 pastels, miniatures, enamels, porcelain pictures, 

 etc., 482; sculptures, 999; engraving on medals 

 and precious stones, 79 ; architecture, 212 ; en- 

 graving and lithography, 509. 



Awards in 1892 Section of painting: Medal 

 of honor, Albert Maignan, for his " Carpeaux." 

 First-class medals: Eugene Auguste Frangois 

 Deully, Albert Lynch. Second-class medals : 

 Frank Bramley, Pierre Vauthier, Gaylord S. 

 Truesdel, Edouard Vimont, Frederic Humbert, 

 Theophile Decanis, Emile Merlot, Joseph Bou- 

 chor, Jose Salgado, Clement Quinton, Albert 

 Rigolot, Jean Jacques Scherrer. Third-class med- 

 als: Henri Foreau. Paul Thomas, John Henry 

 Lorimer, Antoine Grivolas, Albert Breaute. Max- 

 ime Dastugue, Charles Amable Lenoir, Mme. 

 Hortense Richard, Auguste Zwiller, Alfred Rou- 

 by, Charles Lebayle, Leon Gagneau, Gustaf 

 Theodor Wallen. Etienne Joannon-Navier. Henri 

 Paul Mottez, Marius Perret, Louis Galliac. 

 George William Joy, Mme. Vilma Parlaghy, 

 Emile Charles-Bitte, Constantin Le Roux, Mile. 

 Josephine Houssay, Antoine Calbet, Octave Guil- 

 lonnet. Leon Brunin, Charles Kuwasseg, J. Er- 

 nest Breun, Francis Mathias. 



Section of sculpture: No medal of honor 

 awarded. First-class medals: Theophile Bar- 

 rau, Felix Soules, Honore Icard. Second-class 



