Daily State sentinel. [volume] (Indianapolis, Ind.) 1861-1865, 1864-01-16


THE STREET RAILWAY QUESTION The action
OF the City Council at It's last meeting. informal
though II was. with regard TO the grant of the
right OF constructing street railways throughout
indianapolis, has excited good deal Of comment;
upon the part of citizens generally That body
seems 10 have Indie tted its willingness and its
purpose 10 confer by ordnapce all the privileges
and immunities in this connection upon what is
STYLED The Citizens Street Railway Company. 4"
The stockholders OF this company. as stated before
the Council. Messrs r. b Cstherwood 4
Brother. OF New York. aud Nes>rs. Martingdale.
Grassland. and T. Patterson. of Indianapolis
Mr. John Bridgeland member of the
association rs originally formed but he has
Withdrawn and taken with him some fortv-five
thousand dollars which he htd deposited in order
To meet the requirements OF bond it necessary
or for purposes of construction.
We wish II To be understood that we are Simply
stating rs We proceed, facts Tor the information
of the public. and speak from no prejudice either
for or against the new orr aniZatiun, or the one
lately disbanded. OF which Gen I A Morris. "
IL Talbot. h. j Peck, Aquila Jones A
Ninton. John NJ Talbot aud VIM. Y. Wiley
we're the stockholders
This latter company were required. by the or
dnance proposing TO confer the grant on them.
To have four miles OF road in running order and
fully equipped by the LIST day of July 1854 to
construct and equip two additional miles by the
LIST dav of July. 1865 and two further miles bv
the 18th day of December. 1866 They were
also required To en- or into boud in the penal sum
OF 500 .OOU. with such sureties a. the Nayor
should approve. for the due and faithful perform
snce OF their undertaking. which. if abandoned.
should cause the forfeiture to the ctv of all work
done. together with the rolling stock and other
property of the company
Upon inquiry, this company ascertained that
they could contract with no responsible persons
TO furnish the iron and ears requisite for the
completion and equipment of so many miles of
road in so short time as by the date first indi-
Gated: aud, therefore. the Council insisting on
the provisions of it, ordinance declined to accept
the grant, which. we are informed, they would
have taken had the time been extended. or the
number of miles been decreased
The Council accepted this company's declina-
ton. and. have SAID on Thursday night
informally proposed tn confer the grant upon the
Catherwood Company. with unexpected modih
cations The ordinance now pending gives the
Catherwood Company until the lst day of
October, 1851. 10 construct but three miles of
road. aud two additional miles of road are 20 oe
constructed and equipped by the lst day of 0cto-
Der. instead of the LIST day of July. 1865. And.
stiii further. the Catherwood Company are re
leased OF the requirement. made OF the Morris
Company. 10 execute bond in a sufficient sum
for the due iulhllmeut Of their contract. no bond
whatever being askei OF them
We repeat. we have no interests or preiudices
as regards either one or the other OF these COM
panies The matter is now before the commu
nifty as we'll as the City Council And our sole
purpose in giving the brief statement OF the
above. is that the public judgment may be
Informed. and the the welfare of Indianapolis in
this regard be subserved.