Jasper County Democrat, Volume 16, Number 99, Rensselaer, Jasper County, 18 March 1914 — MONON CETS GIFFORD ROAD [ARTICLE]

MONON CETS GIFFORD ROAD

Deal Closed Up Here Saturday and Money Paid Over MONON NOW IN POSSESSION Announcement Made That Work of Putting Line in Condition Will Begin Very Shortly, .Also Connection Made on North End of Line. The deal for the sale of the Chicago & Wabash Valley railroad, known as the Gifford road, and extending from McCoysburg north to a point up in Lake county, a distance of about 40 miles in all, through what is generally known as the Gifford district of Jasper county, was.closed up by eGo. H. Gifford, executor, of the B. J. Gifford estate, Saturday, and the Monon is now in full possession. » Messers. Lewis and Hobbs, of Kersey, who have been employed on this road for several years, are retained by the Monon for the present at least. Announcement was made that the Monon would make some temporary repairs and get the road in condition to run local trains regularly over the line and expected to soon replace all the track with new 90 pound steel rails and connect it up with the main line of the Monon some place near St. John.

The sale of road to the Monon marks an era in the history of the section of Jasper county traversed by this road that will no doubt redound to the prosperity of that en‘ire section, and everyone interested in the future of the Gifford country is pleased to know that the road has gone into staple hands. The Democrat is informed that the balance of the $95,000 paid by the Monon was turned over Saturday and the deal is fully completed.