Jasper County Democrat, Volume 10, Number 18, Rensselaer, Jasper County, 3 August 1907 — ELECTRIC ROAD MATTERS. [ARTICLE]

ELECTRIC ROAD MATTERS.

Another electric railroad meeting was held at the court house Tuesday evening. President Infield had expected to be present with the engineer, but was called to Indianapolis by a change for the worse in the condition of his daughter, who has been sick for some time, and did not return until Thursday evening, leaving Mr. Heck, the engineer, to look*after the meeting. The attendance was very good and quite a number signified their willingness to subscribe for stock in the road. Yesterday morning it was announced that an agreement had been reached between representative citizens here, the local company and the Chicago people, whereby those who wanted to aid the road might do so, regardless of the purchase of stock. It is proposed to raise $25,000 by subscription in Rensselaer and deposit same in bank, as we understand, to be paid to the railroad company when the line is completed to Rensselaer. This is independent of the sale of stock, and if within a prescribed time, say one or two years, the road is not completed to Rensselaer, then the money reverts back to the donors. John Makeever states that he will give 11,000 if the. road is run along Washington street. Other prominent citizens and real estate owners will probably give liberally to this fund so that it will be easily raised. As we now understand, the sale of stock will go on also and when one-fourth of the estimated cost of the road is subscribed work of construction will be commenced. Something more definite regarding the $25,000 proposition will be published next week.