Jasper County Democrat, Volume 13, Number 30, Rensselaer, Jasper County, 23 July 1910 — MONTICELLO SKEPTICAL, [ARTICLE]

MONTICELLO SKEPTICAL,

And Is Not Taking Much of Purtelle’s Railroad Stock. The little railroad meeting at the City Council room last Friday evening was airly well attended so far as numbers were concerned, but it was noticeable that not many present were able or inclined to invest in the company’s stock. Mr. Purtelle made a short talk outlining what the Northwestern Indiana Traction Company proposed to do if it could dispose of the stock it wanted to sell and place its bonds in the market so as to raise the necessary money. He said in order to interest eastern capitalists in the purchase of bonds it was necessary to show that the road would probably paying institution and also that the people along The line were interested in it and had a fair measure of confidence in its ultimate success. This measure of confidence could best be shown by investing in the stock of the company, which he offered to spot cash purchasers at a liberal discount.

There was no seeming lack of interest in the project, but unbounded confidence, evidenced by numerous and liberal subscriptions for stock was not so apparent. The fact is not many people in Monticello have much surplus money to invest in enterprises outside their own business, and recent investments in Thread Factory, Printing Plant and Truck Factory (?) projects have about wiped oufrwlhat little surplus there was and in some, ways has also made considerable inroads on our confidence.— White Democrat.