Rensselaer Semi-Weekly Republican, Volume 34, Number 77, Rensselaer, Jasper County, 27 May 1902 — Monon. Transfer Arranged. [ARTICLE]

Monon. Transfer Arranged.

It is now announced that the transfer of Chicago, Indianapolis & Louisville to the Louisville Nashville and theFoutherp will be made about June 1 upon the terms previously announced, a joii.t 4 per cent, bond to be issued for the purchase. The plan adopted for the purchase is. similar to that taken by the Great Northern and the Northern Pacific when the Burlington was absorbed. It is believed by local railroad men that President McDoel will remain at the head of the Monon, although a new board of directors will be selected, probably to be composed about equally of representatives of the L. & N. and the

Southern. The announced plan is to operate the Monon independently, but with a view to giving special advantages to the purchasing com par. ies, one of their chief advantage being an entrance .into Chicag >. Thus the change of owners will not make much difference in the general management of the company.