Jasper County Democrat, Volume 13, Number 60, Rensselaer, Jasper County, 5 November 1910 — SOUTHERN INDIANA ROAD SOLD [ARTICLE]

SOUTHERN INDIANA ROAD SOLD

Bought in by the Reorganization Com mittee for $1,263,333.33. Terre Haute, Ind., Nov. 4. —Acting for the reorganization committee of stockholders, Michael B. Loller and Raymond D. Martin of. Chicago, as trustees, purchased all ’ the stock of the Southern Indiana Railroad company, organized by John R. t Walsh, at the sale conducted here by Myron J. Carpenter, receiver.' The purchase price was announced as $1,263,333.33. It was stated at local offices of the company that election of directors of the road would be held at once and Carpenter made president of the new company to be called the Chicago and Southeastern. The new owners will Immediately set about the rehabiliallon of the road.