Jasper County Democrat, Volume 9, Number 2, Rensselaer, Jasper County, 14 April 1906 — MERGER HAS BEEN COMPLETED. [ARTICLE]

MERGER HAS BEEN COMPLETED.

Indiana Harbor and Three-I Lines Consolidated. Indianapolis, April 6.—Final arrangements for the consolidation of the Indiaua Harbor and the Indiana, Illinois & lowa railroads were completed in Chicago yesterday, and henceforth they will operate under the name of the Chicago, Indiana & Southern. The officials of the new company are as follows: W. H. Newman, president; W. C. Brown, G. J. Grammer, E. V. W. Rossiter and J. Carstensen, vice-presidents; E. W. Pardee, secretary; C. W. Hotchkiss, general manager, and Frank Beckwith, general superintendent. The general offices will be in Chicago The terms of the consolidation of the two companies, which have been members of the New York Central lines, provide for the issuance of $20,000,000 of stock. Of this $5,000,000 is 4 per cent, accumulative preferred and $15,UOO.OOO common. The Lake Shore & Michigan Southern has purchased $17,000,000 of the new stock, the other $3,000,000 going to the Michigan Central. The consolidated lines are about 400 miles in length, and have great strategic force in the coal situation of Indiana and Illinois. 'Hie Indiana Harbor line, which was recently constructed from Indiana Harbor on Lake Michigan to Dune’s Park, a distance of 160 miles, taps a rich coal region. By its connection with the Indiana, Illinois & lowa, the coal can be distributed to North and South lines, makiug a wide outlet for the district, or it can be delivered to tbe other Vanderbilt lines at Chicago. The consolidation was made with a view to having tbe Three I’s receive and distribute the coal hauled by tbe Indiana Harbor to other roads and to the big industries in South Bend, Elkhart and other places. It is the purpose of the new company to develop the southern Illinois coal fields rapidly. Articles and the agreement of consolidation were filed with the Secretary of State today. With them there came a check for $20,000 to pay the incorporation fee It is tbe largest fee the office has received for some time. ’ Eyes examined free; latest methods; by A. G. Catt, Eyesight Specialist. Graduate refractionist. Permanently located in Rensselaer. Office upstairs in new Murray-Long Block.

Largest stock in town of choice clothing for boys and little fellows. Rowles & Parker.