Rensselaer Semi-Weekly Republican, Volume 20, Number 51, Rensselaer, Jasper County, 28 February 1899 — A Good Word For The Monon . [ARTICLE]

A Good Word For The Monon .

There is talk of an early resmption of dividends by the Chicago, Indianapolis & Louisville road. The reorganization two years ago gave the company over $2,000,000 in cash, with which it settled the floating debt, equipped its rolling stock with air brakes according to law, purchased new terminal facilities and generally improved the physicial condition of the road by reducing grades, curves, etc. The property is now in better condition than ever before, and earnings show a good increase. For the first five months of the present fiscal year net earnings were $511,198, Interest and rentals for the same period aggregated about $400,000, leaving to be credited to the preferred stock $110,198, which is a little more than 2 per cent. As the necessity for extraordinary betterment Charges has passed, the road should continue to earn 2 per cent, oil the preferred stock under prevailing conditions.—lndianapolis Journal.