Rensselaer Republican, Volume 17, Number 34, Rensselaer, Jasper County, 30 April 1885 — Another Proposed Railroad. [ARTICLE]

Another Proposed Railroad.

Articles of Association were filed in the office ot the Secretary of State last Thursday forthe railroad.and company obe known as the Chicago & Indiana Railway and Coal Company. The incorporators and first board of directors uamed in the articles of association are William Foster, Frederick Hoover, Jas. Murdock, Isaac D. Dunn, Thomas Hanlon, Robert n. Abbett, afid James D. Foiesman. The capital stock was fixed at $1,500,000; and was divided into 3000 shares. The line of the contemplated road. so far as expressed by the articles of association, extends from the city of LaPorte, southwardly through the counties ot LaPorte, Porter and Jasper, to a convenient point of junction with the Louisville, New Albany & Chicago Railway: and thence southwardly through the counties of Newton, Benton and Warren on such

line as may be most advantageous, with a branch extending through either Benton or Warren counties to the Illinois State Line; thence extending southerly through Fountain, Park, Clay, Owen and Green counties to such a point as will afford best connection with lines running south to some point or points on the Ohio River, all in the State of Indiana. Also to purchase, 'own and lease coal lands and mine coal, and to sell and dispose of the’ products of its mines, and to build branches to any and all such coal mines in and through tire several counties where such road may 'pass. or wherein such company may acquire any such coal lances or mines. 'Also to extend its main line north or northwesterly to Lake Michigan, or to fofm connections with other roads As may be advantageous or necessary. .

The parties organizing the company intend to begin work soon and prosecute it to a speedily completion. The length of the main lino as proposed to be first built will be about 200 miles, the exact loca't’on and length to be determined by actual survey, and connections with existing roads will be . made as the interest of tire road may require. If the road should bo built on about the line proposed, the most convenient and advantageous point at which it could connect with the Louisville, New Albany & Chicago road would probably be Rensselaer. And it would therefore appear that we still have some prospect for that greatly to be desired boon; a north and south “om the coal Helds.