The Indianapolis sentinel. [volume] (Indianapolis, Ind.) 1880-1904, 1885-04-18

Attempting to Have the Floating Debt
OF the Philadelphia and Reading
Extended-Other Items.

The April number of the Bee Line Ga
zet'e has been issued.
President McKeen, of the Vandalia, will
attend the opera festival at Chicago.
All of the lines leading from the Clay
this month over April. 1884. as last year the
miners strike WAS on
1t is generally conceded that there will be
an advance In the price of steel rails this
summer. The market has already passed
through It's worst stage.
The Big Four has thus far sold over 500
tickets to the New Orleans Exposition by the
way Of the Cincinnati Southern. Cheap
rates TO the Crescent City after May 20.
J. B. Stevenson has been appointed agent
Of the Indianapolis and vincennes Road at
Newton, vice A. II. Bixler, resigned, to
take charge of the telegraph Office OF the
company at Vincennes-
In commenting upon the article stating
that the c. aud E. l. was desirious of secor.
ing control OF the f. and T. q, railroad
man said yesterday that President Msckev
held the balance of power. The @. and E. |.
and l.. and y. are heavy stockholders in the
+. and T. H, and should both roads combine
they could secure control OF this line.
An official OF the Illinois Midland says
that there is no doubt but the road will be
cold this summer, and the purchasers by ex.
pending some money in improvements can
make it pay. 1t runs through good terri
TORY and has splendid terminal facilities.
Central Iowa people are enceayoring to Sc
cure possession of the Midland.
The Improvements on the Lcgsnsport
division OF the vandalis last year were such
that the road vas placed in splendid condi-
ton. 1t is not the intention of the company
10 make such q liberal expenditure this year,
% the road does net need great amount Of
Improvement. A new hotel has been built
st Asxinkuckee AID other accommodations
for pleasure seekers enlarged. Preparations
are being made for heavy travel to the lake
This summer, and officials of the Vandalia
express themselves % o. the bslief that
Hexinkuckee will be q very popular place
this summer.
RoADING AFFAIRS.
The gentlemen who are canvassing the
holders OF the floating debt of the Philsdel.
phia and Reading Railroad Company with a
view to having it extended, it is authorize.
lively stated, have secured signatures OF iu-
dividuals and banking institutions repre-
sentipg nearly S. coo, O6O OF the amount.
There have been promises made of sigma.
lures to about 81 500 600 more, and these. i.
is believed, will DE secured within q week or
two more. The amoaot needed to make the
plan q success is only = 900 600.
The Treasurer of the Reading Railroad
Company is forwarding daily to the Off re of
the Jersey Central Railroad Company in New
York $50, vita which TO pay of The in.
terest obligations OF that company, which
become due on the Let of the present month.
The first instsllment was forwarded on Sat
urcay lsst. and II is calculated that the en-
the amount will be paid OF in this way by
the 9Th instant.
The officials o. the Reading Company state
thattheexisn of the floating debt will
De great relief. as it will avert the constant
pressure brought to bear upon them 10 raise