Rensselaer Union, Volume 9, Number 29, Rensselaer, Jasper County, 5 April 1877 — The I D. & C. Bailroad. [ARTICLE]

The I D. & C. Bailroad.

A meeting of tire directors of this road was held in this city last Tuesday, ajid was presided over by the new president, Hon. John Lee, who is also president of the Logansport, ‘Crawfordsville and South Western .Railway. President Lee spoke briefly to the directors simply assuring them that if, after a close examination of the subsidies and franchises, he should find them as represented, he would at once de-' vote His undivided lime and ‘ attefo tion to the enterprise and would aim to/build the division between Frankfort and Rensselaer this seasou. We have no inclination to ®ay any thing that would tend to create a hope,- void of foundation in fact, relative to the probably ispeedy completion of this road. Sufficient has been said In days gone by of a purely imaginative character by those who claim to be able to construct it, and . now our people will weigh calmly aud dispassionately the chance of su'vcess ■and failure before they will hav'e great confidence in the final consummation of the enterprise.

However we are able we think io give good reasons for believing that the road tinder the administration of president L,ee will be built. First, because Mr. Lee has been eminently successful in those enterprises which he has in the past directed. He took of the Loganspptt, Crawfordsville and South Western railroad in 1869 altfo- the enterprise had been almost entirely abandoned, and after the subsidies had all elapsed. By dint of great energy he succeeded in getting the stibnidies renewed and in 1872, or in the sheirt space of three years, completed the road. He built the road from Kokomo to Frankfort after it had similarly abandoned, and is now completing the Indianapolis and Springfield, or what was formerly known as the Indiana and Illinois Central road. The second, and by far the more important reason, why we think Mr. Lee will bail'd the rosd is, that It will give him a shorter out-jet for his road to Chicago. At present Login a port is the northern terhiinal puiiit, am) he cannot offer inch inducements to shippers as. he .poulda >, did he control a lino ranuiug into Chicago. We therefore believe that it President Lee receives that support that has been Rendered to oilier parties he will vommenee at once and vigorously prosecute tlnf work eomplfoion. We trusi the old lime fripmls enterprise will mrt be tyuud wantAug in their efforts in i»s behalf. We have abitv and a eoniVty that is wealthy, and favored ty nature, for thb developnjenl of

all the variedtrafles and industries on which a high state of prosperity depends, and let us leave nothing undone to utilize to their fullest alien t our advantages.— Delphi Journal.