The Jasper weekly courier. [volume] (Jasper, Ind.) 1858-1922, 1874-04-24

ierring to wait ill the railroad bond
market should become settled. and in
vestors able and willing to distinguish
good securities from bad
In the ~ eanimc finding that the small
sum of $4,000 per mile, added to the
cash aid due the company on its com
pletion, would finish aud equip 40 miles
from Rnckport TO Jasper. the com
pany, during the month Of February
last, resolved TO place temporary loan
mort gage. not to exceed $4,000 per mile.
upon the Rockport and Jasper division,
for the purpose Of completing the twen-
ty-five miles in Spencer county during
the month of MAY. 1874. and about fif-
teen miles more 10 Jasper during Au-
gust. 1874. These bonds mature in five
years and bear ten per cent. interest.
and may under agreement be paid by
the company before that time. Cover
nor Baker, who has lived MANY wears in
that part of the State and who i.s con
versant with the merits and importance
Of the enterprise. was appointed trustee
for the holders. and mortgage on
all the property aud coal Of the com
pany in that division was executed to
him. Contracts were then closed with
The indianapolis Rolling Mill Company.
for making and delivering the iron :
with Messrs. Branham'- Il Cobb for
the remainder of the bridges. tiles. grad
jng. building depots. turntables. water
tanks. etc. and with Post Co. of Gin
cinuali. for the engines. ears. chairs
spikes. fish-hars. etc. These parties took
the cash aid due the road on it, com
'pletion IN part navmert. and for'unpaid
residue about 100000 of the Temporary
loan bonds of ihe..companv." Pursuant
to these arrangements. iron is being laid
AZ the rate OF mile per dsv. and this
division i rapidly approaching comple.
ion. and - result. the road will owe
but S2iOOOo WHOM forty miles are ~
running order. Negotiations gro nena
ing bv which tho toml.anv wilI',if 81,
can secure satisfactory nrices for hei
pcrmanens seven per cent. gold bonds
sell enough of them 10 enable her. Wit
The one million dollars assets along the
main line from Mitchell 70 Mount Vc-
non. to complete that lire duriug 1875
ON Yesterday the President aud Secre
ltary-- were IN the cifv. md. IN coujnnc
fion with Governor Baker and the fn
'ancial agents. Messrs Smith & Hanna
man. executed hnrh aud trust deed
which have boon f'ol for recori.in IN,
proper counties. Thus. -know
ING it.while Cmcinnati has hcrn shrewd
" nra snrelv lavin@ another stone III
I her foundation. she was fostering ans
drvclnuing ~ enterprise which. hv II
Mort hrrn division. win bc an immens,
I hcnrfi' 10 Indipnarois. IN fact. il I
moro than probable that This railwav
having $50 miles of cool-fclds on fh
line of It's different divisions. will !,
tine he the coal roal Indiana has :,
much sought. Had he wealthy mon q
lniiauarolis. IN their individual capa
: city or rs citizens 81 larre throuyh thei
! CITY Council. aud tho state of Indiana
: ihrouoh tho I.egisl.furc. shown bali th
! determination 20 Advance the interest q
, Indianapolis That Ohio aud her peonl
= have shown 10 advaucc.thr prospcrit'
cf Cineinnati.' the present prosprrit,
: which i now heing thrust uponsIndian
, aroli~ would have been fairly hers ~
! RIGHT nf conquest wears ago. And IL il
: the future Indiananolis has 10 expect
: share of the advantages arising from IN
| uurturing aid of Cincinnati money. be
: slowed ~ critical period in the histor
= of This great enterprise. then LEI her re
4 member the debt of gratitude she owe
@ 10 her beautiful neighhor allv. who's
/, merchant princes -till smile a quiet an
: confident smile when told thnt ihrir eli
!. i tho rival of the rCitv Of Concentri
: Lines - indianapolis Journal.