The Richmond palladium. [volume] (Richmond, Ind.) 1855-1875, 1866-05-03

We understand that constellation or arrange
ment OF kind has been effected between the L.
I. and the l. 4 c. r. RS. by which the latter with
draws from the Danve enterprise. and will make
permanent CONNECTION with the L. & l Lafayette has
a vital interest in this business and will last
ing debt OF gratitude to w T. Rev nolds upon its full
cousummatiou An indianapolis dispatch to the Gin
cinuati Gazette of Saturday has the following:
1t tanned Yesterday that all wcrk had been
suddenly suspended on the line of the railroad
between here and Danve. although what the trouble
could precisely say 1t is reported to-day,
however, that Mr.. H. c. Lord. the President of the
indianapolis 4 Cincinnati Railroad Company, under
whose auspices the Dan, lille railroad being built
had made an arrangement with the Lafayette Rail-
road by which he became largely interested in tho
the latter road and that lie has absn oned
the Danvle road altogether. There is considerable
excitement among interested parties this piece Of
news. This unlocked for the part of Mr..
Lord will probably delay the progress of ,hi. impor
work but its advantages India annapolis and the
stockholders in pecuniary point o. view will
doubt it TO be built later.
Richm md. Cincinnati IL chicago Railroad,
A Powerful Combin at ion of Interests.
The of the Eaton L Hamilton Railroad has
been changed tea that of the Cincinnati. Richmond
Chcag" Railroad Recently the creditors 4 the road
eapall. their several claims and under decree of
Cour. tie hole P-ur~rty sold. 5s par
Ties, and siaee mortgage was issued securing per
cent. bonds To the amount of S45oo0o. This
con ~tituses the entire funded debt the Company.
Tnere floating debt. The Directors OF tie Gin
CHM ii, Ha milton & Dayton Raires.! Company pur-
CHASED majority OF the stock p the dob
lar, and Yesterday the the road ssed
into the hands of the latter. The old Board of Drec
Eaton and closed up the business of TIE
Company. The stock and bondholders met at the
plfce subsequently and elected directors the
Hamilton 4 Dayton board. with the exception of Geo.
Steain,an, in whose plsce E. W McGaire. the eff
6cien, sscrr.sry of the late Eaton Hamilton com
panr ch.sen. The bosri org snz-d by elect.
iug s. ;. L'Hommedieu, President John ". Hart
well, Vice President d. McLaren. General Superin-
tenient: : c. Conover, Assistant Superintendent;
and F. c. Short, Treasurer. E. W. Mcclure was ap-
pointed agent of the company at Eaton The owner
ship of the road is che hands of the directors Of
the c.. H 4 D. R. r. individually but it has been
secured fer the company, subject the approval Of
the stockholders The latter will of accept the
purchase. II is upquestouably arrangement that
will yield large pro6t The road will thus become.
in fact. part of the Cincinnati, Hamilton Dayton
company, ard must prove of the most inPor.ant
snd profitable feeders Of this great trunk line Il
is Ink the line to Chicago, and the route far
Richmond being now in the hands of po~srfuI and
wealthy corporation. the Air Line II is called
viii undergo . favorable change, and grow IN popa-
iarity with the business aud travelling public.
Mr. L'Hommeiieu is President of four roads,
viz: C. a. D.. Dayton h Mich gan, Atlantic / Grsas
Western. and Cincinnati. Richmond Chicago. TAsss
roads all into the trunk line and part, ac-
tualiv and in whole far business interests are
concerned, connected closely with the Cnci.na6,
Ha milton 4 Daytou reed. The comblsed iuser~s i
. powerful one and as regards capital sad miles Of
road greater than those which one man u
the United States, in the world presSdes-Ga Co.