The Indianapolis journal., 1883-08-18
THE PEOPLES RAILWAY.

In the Lafayette Journal, a few days ago, there
appeared the following letter, which we reprint
In full:
This letter offered for publication in their
call for the explanation
ITO the Editor of the Lafayette Times
"sir-You invite an explanation from me, in.
your issue of Aug. IL. / Will, therefore, expect
y on to publish this without pay.
Before entering into the explanation You de-
sire, take occasion to inform the public that
you published a commendatory notice of The
PEOPLES Railway Company, in your issue OF July
20 mot advertiSement), and received therefor
10 cents per line on Aug you having publish
ed a humorous article, but therein admitting
you were uniformed of to certain points touched
on. L personally sought you TO have you make
an explanation in your issue of Aug. IL, and you
tod me you would do so at 10 cents per line.
had the article written out, as you know, but was
persuaded by advisers here in town, who knew
you best, not to take it to you. Not receiving it,
you come out with eighteen separate ARTICLES on
the Peoples Railway Company in your issue of
Aug. IL, all confined to ridicule, which is harm
less. and we leave the public to judge why you
strain yourself so much. The Indianapolis Jour
nal ridicued tine enterprise, called 1t a Eumbug,
etc., like you do and after we made a contract
for 900 lines Of reading notices at twenty-five
cents Ter line, not only took it back, but pub
lished fiatterlng notices We are now strong
enough cannot be compelled bv this moral
blackmail to patronize any paper. We leave our
ca Sc and its decision with the people and incl
dentaly mention the fact that not one Of the
parties you name as not having subscribed to
shares have ever been asked to do so,
and 1t was never our intention to ask
them. This is not an enterprise where big
hsh' can eat the little ones You ask me to ex-
plain what would become of this company IT the
shares were all turned In for freight You
might, If you understood this enterprise, with
equal propriety ask what we would do II the
world came to an end Fitst, to enlghten you.
THIS system OF roads expects to employ 100000
OF it's stockholders operate and build its lines.
They cannot dispose of their shares without
losing their positions; II they get salaries which
will retain their services they will Keep their
shares. If the other shareholders desire TO turn
In their shares and allow this company TO thus
pay its debt In business-thats just what this
company is organized for. But we have no fears
they will all want to do this. Why2 Because
this stock will pay large dividends-it must do
It, because we realize within within eight and
of the face of our debt. where
other roads realize to 37is cents ON the dollar:
we pay no Interestingly pay per cent. on the
face of their bonds, and if they realize 33 ls
cents. it means Is per cent. interest Next this
Peoples railway means cheap transportation.
and thus must be well patrOnized; as the people
along it's lines own 1t why should ii enter pools
against its owners2 Ii Is entirely independent
of other roads, don't have to ask them TO take
its frcight-makes water ports and water con-
nections-and lastly it can be built and operated
cheaper than other roads and is safer-tO prove
these last assertions will take more space than
this article should call for, but hold myself at
your disposal TO prove IL at any time with. coid
facts Thanking you for the really liberal
amount OF advertising you are giving us and
trusting you will continue, remain, sir, ours
respectfully. f. L. HORTON"
The paper which would print letter like this
from strolling agent of scheme which any
sensible man must know is a delusiun and hum
bug, If lot willful fraud, the paper which
would use 1t or comment upon it TO the discredit
OF a reputable contemporary, simply ad ertises
its own measure of honor in the conduct of it's
business. The only reply necessary to
be made to the slander of this man
Horton is the fact that the Indianapolis Journal
has been consistent and persistent in attacking
and exposing this colossal cheat. Almost i'm
mediately upon the publication of the first para
graphs Mr. Emf Kennedy favored us with call
in person, being in highly infiamed condition of
mind. The result of the interview was that Mr..
Kennedy was told in plain terms that we should
conduct the Journal it seemed to us proper,
whether 1t met his approval or not. In a few
days Mr.. Kennedy sent his agent, Horton,
to this office with card, the publi-
cation of which was agreed to. the stipulation
being that it must lay over for day. until it
could be accompanied with editorial comment.
its immediate appearance. asked whether the
payment of any sum of money "would help 1t
along" Tns remark revealed Mr.. Horizons CON
ception of the scheme in which he was en- gagged,
and fitted In with a remark made by him In the
course of the same conversation, that all the in
terest he had in 1t was "the 81 per day and ex-
penses."
We call public attention to the following letter
from this man Horton to Mr. Em Kennedy,
written from Lafayette, tho original OF which is
in Our possession;
CLAIR HOUSE, LAFAYETTE. IND,
Aug. 9-S p. M, 1888 :
''Emi Kennedy, ESQ.,. President;
"Dear Sir-Your two letters and two packages
by press, reoeved: packages not opened yet.
You ordered me not to any of the money l
have collected. have put 1t in bank per orders.
/ want some money right away. / have told
every one this money was to be turned over to