The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1883-01-11

Company Involves grave question relative to
the rights of this company and the control of Its
prOperty; therefore,
Resolved, mat no further action in building
the new Union Depot be taken until rights
Dshed."
a resolution was also passed that the several
companies which compose the Union Railway
Company will adhere to their purpose to sell
tickets only at the Union Depot and the Union
railway uptown Office, Presidents ingalls, and
Mckeen reconsiderIng their intention to reopen
outside ticket offices. The executive COMMITTEES
were instructed to- as soon as practicable, ex-
tend the Belt road, the Wabash people wishing
for such connection. The executive committee
are also to arrange for laying a third track from
Meridian street 20 Pennsylvania street. on the
north side of Pogues run As regards the new
union depot, President Roberts, of the Pennsyl-
vanla Company, remarked with emphasis that
the plans for a new union depot and the method
OF raising the funds to build it were practically
decided upon, and the courts decided
thar the Union Railway Company could
control the property In which they had invested
their money, and which, up to the present time,
had been unremunerattve, never paying one
cent dividend, work would be commenced on the
McKeen expressed the belief that the question
at Mou1 issue e. With dthat the C. b. l. railway
OF the court in February, and, IL in favor
OF the Union Railway Company, work on
the new depot would be commenced at once
The fact was brought to light yesterday that H,
j. Jewett, when officer of the Panhandle,
wrote and was the first to sign his name to a
should designate where tickefs should be sold by
roads composing the Union Railway Company,
and by leasing lines as well
SALE OF THE c., C. L. c.
The litigation of fifteen years in tine case of A.
Roosevelt and William R. Fosdc VS.. the Column
bus, Chicago & Indiana Central Railway Com
pany, Frederick r. Fowler, Archibald Park
hurst and john B. Thompson, and the Columbus
Chicago Indiana Central Railroad, yesterday
NI1 nipo tod ,fa - 4I1
noon Commissioners Fishback and Cox offered
the property Tor sale. Notice was served by
attorneys, before the sale, that Fsrman Rodg
ors, or Phfladelphia, is the owner of five c. g.
l. c: income bonds, calling for 81 900 each,
numbered COL, 9O2, 9O3, 904 and 905, and
claims that the same are part of the property to
chases such property and its fran
chlses takes the same subject to
his lien and rights growing out of such bonds
Notlce was also served by the Woodruff sleeping
ana parior coach company that IL holds a
tract Tor running ITS coaches between Kokomo
and Chicago and whoever should purchase the
lines, does so with knowledge of such contract.
The commissioners then read the bill of sale and
asked II any body present was prepared to COM
ply with the conditions named with a view to
bidding. William l.. Scott, of Erie, Pa, an
nonnced that he, together with Charles j.
osborne and Charles s. Kennedy, of New York,
had deposited ST. .00o, 900 in government bonds
and were prepared to bid, whereat Commits
sioner Ftsnback asked for offer. Mr.. Scott
immediately bid. $13, 100000 and further "cry-
ing" failing to elicit any response, the road and
Its equipments were sold to the above named
gentlemen.
William L. Scott, the purchaser owns a large
amount of the outstanding securities, and, to-
gether with hls associates, has been named by
the holders of c., c. & |. c. stock and bonds to
take the title and reorganize the company.
THESE three control, practically, the entire
amount OF old bonds, and are friendly to the
pennsylvania interests From one of the
attorneys is learned that the sale
Is confirmed the company will be reorganiZed
under new name, and the new company will
elbucT lease the property Tor n1nety-nue
TO the Plttsburg, Cincinnati & st. Louis
pany or deed it direct to the latter. This ques-
tion was left for decentralization.
NO NEGOTIATION.
NEW YORK, Jan. 1O.-AnnouHcement by wire
from Cincinnati, that the Louisville Evansville
St. Louis railroad, recently opened for busI-
ness, had been purchased by the Chesapeake &
Ohio, is not correct. The Chesapeake g. Ohio is
extending it's connections and feeders In the
West, and is now rapidly building line from
Memphis to New Orleans, through the Deer
creek country of Mississippi, and it is also max
lDg some progress with line by way of Cincin-
natl and a little south Of Indianapolis, towards
ST. Louis, but has not made any negotiations for
the Louisville Evansville & ST. Louis.
ELECTION OF DIRECTORS
NEW YORK, Jan. 1O--The New York West
Shore & Buffalo Railway Company have chosen
the following directors for the ensuing year:
Horace Porter, Henry Willard, John W. Ellis,
George NJ. Pullman, G. F. WoershOtfer, r. t.
Wilson, II. Victor NewcoIGb. II. K. McHarm,
Frederick Billings, Charles Lanier, John j.
McCook, Theodore Houston and Charles Paine.
A GOOD VERDICT.
NEWARK, N. J., Jan. IO.--The Jury returned
verdict of $4,000 against the New YORK & Long
Branch road, in the case of G. NJ Woodruff,
killed in the disaster at Parker's Creek, near
Long Branch, last summer.