Evening Republican, Volume 17, Number 97, Rensselaer, Jasper County, 23 April 1913 — GILLORD RAILROAD DEAL IS PENDING [ARTICLE]

GILLORD RAILROAD DEAL IS PENDING

Said to Be Near Oompletion—Par--1 ties are Here Looking' Over the ‘ Road This Afternoon. The deal to sell all of the Gifford lands and the railroad to men supposed to represent the steel corporation of Gary seems to be gradually closing up and it is understood that Executor George H. Gifford has signed an agreement to sell the road on the conditions offered and that the railroad people, represented by Robert Ingalls, of Chicago, are today looking over the right-of-way again. Ed Oliver, the Newland hustler, is pushing 4 the deal through and has confidence that it will be consummated. It is understood that a branch of the road will be brought from Newland to Rensselaer and taken to the south if the road is purchased. The price said to be agreed upon is $600,000, which is a good sale for the estate and at the same time will give the purchasers a good thing, as with the completion of the railroad the Jand itself will be worth considerably more than that figure.