Evening Republican, Volume 17, Number 162, Rensselaer, Jasper County, 9 July 1913 — It is Mighty Hard to Build a Railroad These Days. [ARTICLE]

It is Mighty Hard to Build a Railroad These Days.

Some people believe that the grading of a few miles of right-of-way and the building of a few culverts and small bridges are a big start in the construction of a railroad. Proof that it is a very small thing is furnished by the experience at South Bend and Logansport. A promoter secured right-of-way, franchises, subsidies and graded considerable roadway and built culverts and small bridges between South Bend and Logansport. He went broke and a receiver was appointed a year agQ. He has succeeded in selling the righ-of-way and other assets of the company for $19,500, which is only a small part of the cost. A dispatch says that the road may yet be built. But the original promoter will not make anything out of it and all who put money into it will lose it, as the money procured, from the sale will go to pay the debts.