Jasper County Democrat, Volume 18, Number 64, Rensselaer, Jasper County, 10 November 1915 — But Does the Change Inspire Any More Confidence? [ARTICLE]

But Does the Change Inspire Any More Confidence?

The Rensselaer Republican last Friday printed: tV. L. Moyer was here for several

hours today and states that his business was in connection with the plans of the Lafayette & Northwestern Traction Co., which is being reorganized in Lafayette, and which plans to proceed with the enterprise which O. L. Brown had undertaken. Brown will be left out of the new company, and Mr, Moyer states that substantial people will be at the head of it. He says that he believes the people along the right-of-way will be willing to vote for the subsidy if the company is composed of men who are known to be able to finance or to secure the financing of the road. And Friday’s Chicago Herald, among the court notes, said: William L. Moyer, formerly vicepresident of the LaSalle Street Trust and Savings Bank, deserted his wife in 1913, she testified in Judge Kersten’s court. Moyer now is living in North Manchester, Ind. The judge said he will sign a decree. The W. L. Moyer mentioned b> the Republican and the William L. Moyer referred to in the court notes of the Chicago Herald are one and the same, The Democrat understands Moyer has formerly been referred to in connection with the L. & N. W. paper railroad as the New York hanker who . was to furnish the sinews to construct this line, but according to investigations made by the Lafayette Journal, as testified to before the Indiana Public Service Commission a few months ago, is a man whose pathway has been strewn with the wrecks of financial institutions with which lie has been connected, and his connection with some of the failed institutions was investigated by the federal court and some seven or eight indictments returned by the l r . S. grand jury for fraudulent use of the mails in promoting the sale of stocks. The announcement of Moyer that “Brown will be left out of the (new) company’’ doesn't add any strength to the project, as we can see, any more than does the inference of Moyer that he is to be “in,” in fact, the inference would be that he is to be the IT. If Mr. Moyer has any idea that the “people along the right-of-way will be willing to vote them a subsidy, he certainly has another think coming, for a majority of the people have—at least in Jasper county—at last come to realize that subsidy voting is wrong and gets them nothing. They prefer to put their money ftito better public highways instead of giving it to subsidy hunters or private corporations. Besides, in these days of the automobile and jitney busses cutting into the earnings of passenger carrying roads to sudh an extent that many of the traction lines are going into the hands of receivers, new enterprises of this kind through sparsely settled communities do not appeSl to investors with good business sense.