Rensselaer Republican, Volume 14, Number 49, Rensselaer, Jasper County, 24 August 1882 — LOUISVILLE, NEW ALBANY and CHICAGO [ARTICLE]

LOUISVILLE, NEW ALBANY and CHICAGO

A special train with the “Directors’car” of the Louisville, New Albany and Chicago Railrao l arrived in Chicago yesterday with the following gentlemen: Dr. E. E. D. Standiford, Vice President of the L., N-A. & C. 11. 11: E. B. St ahi ma n, General Traffic Manager; John McLoud, General Superin-. tendani, ex-Mnvor John G. Baxter, and the Hon. Samuel Russell, of Louisville, Ky. The party left Louisville on a tour of inspection of the road, and have stopped at various points along the road. This is the second trip which they have made over the road within tlie past month, and they have paid special attention to the crop prospects along the line of the road. There were never bettor prospects for a magnificent crop than at present. Oats, wheat, and hay promise to yield abundantly, and of corn ihero will be more t,han an average crop. Every indication is most encouraging, and all the farmers and tser bants who were seen speak in glowing terras of the crop and business outl-ok. Referring to the Louisville, New Albany and Chicago, Vice President Standiford said that he was well pleased with its present condition. Its road bed is almost completed. The total length of the road is 480 miles. This irfttludes the road from Louisville to Michigan City and from Inliannpolis to Chicago, including the leased entrance into the city ofer the Western Indiana. The eatire roiui is constructed with a single steel tiaok. aud there are about seventy miles of side track. the road is completed, with the exception of about twenty-five miles of th,, sixty-nine miles between Indianapoliaand Delphi. It is expected that the antire hue will be finished within a couple of months. Arrangements will soon be made for line from, Indianapolis to Cincinnati, under the management of the New Albany At present entrance to the city is obtained via Riverdale on the Panhandle. It is expected, however, that the trains can .come in over their permanent tracks, via Hammond, at an early date. The road is now considered to be the best equipped Railroad in Indiana, There is rolling stock enough to rur) double didies and excursion trains. The road is-bon led at $5,800,000 and stocked at $5,000,000 with no floating debt. This nuikes its bonded indebtedness ouly about SII,OOO a toile. The business for May, June, and July, 1882, showed 40 per cent.. increase over corresponding months last year. The business for the first part of the present mouth also shows a most gratifying increase. The Louisville and New Albany is destined to du much toward opening up the sections contiguous to Chicago and Louisville, and its management is perfecting it in every way possible.—Liter Ocean.