Rensselaer Republican, Volume 17, Number 25, Rensselaer, Jasper County, 26 February 1885 — Good News Regarding the L, A. A. & C. [ARTICLE]

Good News Regarding the L, A. A. & C.

From a gentleman who held a lengthy conversation with William Dowd, the newly elected president of the L., N. A. & C. Railroad Company, in New York, quite recently, is learned that Mr. Dowd is quite enthusiasatic over the future of this road. He says he accepts the presidency with the intention of bringing the road to the front The holders of a large per cent, of the bonds and stock are ready to put needed money into the property to make it first-class in its road-bed and equipments. The president’s eldest son arrived in Chicago yesterday, and as soon as General Manager Carson returns from the South the affairs of the company will be thoroughly investigated. All just claims against the road are to be settled without delay, and thirty-five or more suits for damages in county courts along the line are to be compromised a s best they can. President Dowd says it is tbe purposes of the management to start the road 1 off on a clean record, with no rebates ito pay, no suits pending, and without i a floating debt, and thereafteremployes and all current expenses are to be paid monthly and prom^tly; and while they propose to use all legitimate means to increase their through business, rates ar& to be maintained and further efforts ityi to to* »*«*• w Imtvmc their local Whirt ban tot«d to tot few year*.