Rensselaer Semi-Weekly Republican, Volume 20, Number 32, Rensselaer, Jasper County, 23 December 1898 — The Road Will Be Built. [ARTICLE]

The Road Will Be Built.

Indianapolis Journal: J. B. Harrison, vice president of the proposed Black Diamond Railroad, has received a proposal from a New York financial syndicate offering to furnish the $40,900,000 necessary to build the road. The route from Chicago to Port Royal, S. C., was recently inspected by Sir Thomas Tancred, representing an English syndicate. It is understood he will make a favorable report on the survey. Mr. Harrison believes this has moved the New York capitalists to seek the bonds. He declines to state whether the offer will be accepted, but intimates that the Englishmen be given the option, as they took the initiative. The road is now sure to be built. If constructed as surveyed, 401 miles of the road will be located in Indiana, and the grand total as surveyed and ready to begin the construction on-May 1, 1899, is 1,332 miles. A circular

issued by the company says: “No money will be wasted upon expen- , sive terminals at Columbus, O-, I and Indianapolis, Ind. money necessary to get an entrance into these cities will be more than is needed to build great inanufacturTng belts which, in due time, will be located upon by manufacturers. The Black Diamond will get the first chance to supply them with raw material and fuel, and then an equal chance to got its share of the finished products to haul away.”