Rensselaer Republican, Volume 17, Number 30, Rensselaer, Jasper County, 2 April 1885 — SOME FACTS ABOUT THE MONON ROUTE. [ARTICLE]

SOME FACTS ABOUT THE MONON ROUTE.

$2,000,600 to be Expended in Improvements. A official of the Louisville, New Albany & Chicago Railway tells the editor of the New Albany Ledger that at the recent meeting of the stockholders and directors of the road in New York, a policy Was adopted that looks to the immediate improvement d< the road and the payment of all floating indebtedness. The betterments are to include the ballasting of the track, and the addition of a number of locomotives and several hundred freight cars. The owners of the L., N. A. & C. are among the wealthiest men of New York, who are abundantly able of themselves to make the Monon a firstclass property and who intend to do so. To this end the recent changes in officials of the road were made. Mr. Dowd, the new president, Las had a good deal of experience in railroad management, while Mr. J. B. Carson, the vice-president t-nd general manager, is noted as one of the energetic, and successful, and practical railroad men in the country. Both these gentlemen accepted their present positions upon the distinct understanding that

the owners of the road would put up one and a half to two millions of dollars to put the road in first-class condition in both track and equipment. Mr. W. S. 'Baldwin, the general passenger agent of the company, is also a railroad man of national reputation, and has been brought into theL.,N. A. & C. on account of his ability, and in view of the new era in the company's affairs and management. Nearly the entire stock and nearly all the bonds of the road are held by its New York owners, and they absolutely control its affairs. . There is no disagreement among them in regard to the new policy to be adopted, and- therefore not the slightest probability they are going to give up their own management of the property to a receiver. The company bas employed competent attorneys to especially adjust all questions of a legal character pending between the company and claimants—such as damages from injuries received in accidents, claims for stock killed? and rebates claimed by shippers, it being the purpose of the management to adjust such matters as early as practical! That the road has suffered in its business from the soreness, so to speak, of-uch claimants is undoubtedly true. One of the officers said the aim of the present management is to make everybody who is directly or indirectly a patron! of the kindi ly toward the company and interested, in its prosperity.