Evening Republican, Volume 14, Number 148, Rensselaer, Jasper County, 22 June 1910 — Monon Railway Doing Big Business This Year. [ARTICLE]

Monon Railway Doing Big Business This Year.

Indications are that the Louisville 6 Nashville and Southern railway will receive a larger return from its investments in the Monon this year than ever before, as the Monon will be able to make better returns to the controlling roads. At the present rate of improvement the subsidiary lines will have a surplus at the end of the fiscal year sufficient for the stipulated dividend on the preferred stock and with 7 or 8 per cent left for the common stock. The Monon has not been a rich earning property. Net earnings thus far this year have increased more than 43 per cent and it will not be surprising if this improvement should result in a considerable advance in the Monon dividend rates. With a slight increase in mileage its gross revenue has swung between $5,066,000 and $5,988,000 since control passed to the two large roads.