Rensselaer Union, Volume 9, Number 9, Rensselaer, Jasper County, 16 November 1876 — Railroad Prospects. [ARTICLE]

Railroad Prospects.

A contract was closed last Friday, between the Chicago A South Atlantic R. R. Company and Scudder & Mason, by which the latter obligate themselves to become the financial agents of the company and to complete the road from Chicago to Indianapolis. Scudder & Mason are well known to be gentlemen of the highest respectability Mid financial standing. They have the option of building the road as far as the Ohio river, and further if they desire. As a part of the contract, they put up a large sum of money in bank, or other wise satisfy the company and equip the road. S. AM. are to assume and settle off all the outstanding indebtedness of the company, and they are to come in possession of the assets of the company, to be applied solely to the construction of the road. The excellent financial standing of the new parties, with their known financial connections with capitalists in the East, give us almost possitive assurances that the road will be speedily completed and put in operation.— Monticello Herald Nov. 2d.