Jasper County Democrat, Volume 15, Number 58, Rensselaer, Jasper County, 23 October 1912 — Negotiating for Purchase of Gifford Railroad. [ARTICLE]

Negotiating for Purchase of Gifford Railroad.

Charles Hotchkiss, president of the I Illinois Trust Co., Judge Riley of . Chicago, and George Gifford, attorn;ey and a nephew of B. J. Gifforc, were here Saturday afternoon negotiating with the latter for the purchase of the Gifford railroad, it said. Rumor has it that he is offered $300,000 for his road entire, I which has cost him about $600,000 but is of little value to him or the public as long as Mr. Gifford owns it, judging from the past. I| Is also rumored that Mr. Gifford could clear up all his remaining 20,000 acres of land and have $207,000 left should he sell at $300,000. Everyone hopes that the road will be sold and something will be done with it.