Rensselaer Republican, Volume 16, Number 40, Rensselaer, Jasper County, 12 June 1884 — The Situation with the A. & C. Road. [ARTICLE]

The Situation with the A. & C. Road.

IrMitnapolls Journal. Some of the western journals are giving currency to unfavorable reports, which originate with the New York bears, regarding the condition, financially and physicaDy, of the Louisville, New Albany & Chicago road. The appointment of John B. Carson general mahager of the property has given strength to such rumors, when there is not the least significance in the appointment, except that President Roosevelt needs him as an assistant in looking after matters which he (Mr. Roosevelt) could not give proper attention to. When A. B. Southard, traffic manager, accepted the he accepted it with the understanding, that there was to be a general manager. and that John B. Carson wouM* probably be the man for the position. So far as earnings are concerned there is the best of authority for saying that there has not been a month this year that the earnings of the road have not been in excess of those of the corresponding months last year. As to the physical condition of the property it never was better than at the present time. There are but two or three reads in Indiana which have a more smooth, solid track: the equipments are in excellent condition. Within the last thirty'day s four heavy newfreight engines have been added to their power, and some 200 cars in the last sixty days. The present year the road 1133 Been operated with the strictest economy. In the last four months there has been no accident of a serious character, and every department is well manned, the matters generally are moving along very smoothly.