Rensselaer Semi-Weekly Republican, Volume 34, Number 75, Rensselaer, Jasper County, 20 May 1902 — Menon Sale Conrfirmed. [ARTICLE]

Menon Sale Conrfirmed.

L & N. and the Southern Witt Control the Road. New York, May 15.-Confirmation of the report that joint control of the Chicago, Indianapolis & Louisville (Monon) system has been acquired by the Louisville, Nashville and Southern railroads comes from several authoritative sources. The terms of the deal are not disI closed, but is believed the new in terests in Monon paid something like $75 for the common stock and SBS for the preferred. The total capital stock of the road is $15,500,000, of which $5,000,000 is 4 per cent, non-cumula-tive preferred stock, the balance common. There are bond issues aggregating $14,210,000. Representatives of John W. Gates were in conference with a member of the firm of J. P. Morgan & Co., today, but it is said the conference had nothing to do with Monon affairs.