Rensselaer Republican, Volume 18, Number 48, Rensselaer, Jasper County, 5 August 1886 — THE RAILWAYS. [ARTICLE]

THE RAILWAYS.

A dispatch received in New Ybrk says that Chauncey Depew has negotiated through J.. 8. Morgan A Co., of London, a loan of $25,000,000 for the Lake Shore Road, with a view of adj fisting the NickelPlate affairs. The Illinois Central has a good many irons in the fire at present and is gradually developing into one of the most enterprising roads in the West. Aside from its scheme to build an independent line between Chicago and Freeport, with the ultimate object of securing an independent line to St. Paul, it is now considering the advisability of building an independent line to St. Louis. At present it uses the Vandalia from Effingham, but this does not give the road the chance to compete against the other St. Louis roads as effectively as if it had its own line to St. Louis. It is probable that the new extension will be made from Springfield, 111. It has also entered into' a close traffic arrangement with the St. Louis, Arkansas and Texas (Texas and St. Louis), and by the time the gauge of the latter is widened the Central will have tapped the Texas line at some strategic point and thus secured the most direct route to Texas. The Canadian Pacific • Railroad has memorialized the English Government asking for a subsidy of the proposed line of steamers from Vancouver to Japan, China, and Australia.... The rumor that the Oregon Railway and Navigation Company’s lines had been sold to the Union Pacific is confirmed.