The Rock Island Argus. (Rock Island, Ill.) 1877-1885, 1885-09-07
IRON HIGHWAYS.
Change of Property.
Absorption Of the Rock Island L. Mer.
Ger County by the Rock Island 4
PeOria---Other Interesting
Track Items.

At o'clock Saturday evening SuperN
intendent II. b. Sudlow, of the Rock ISL
and & Peoria, arrived in the city, after
visiting the county seats of Mercer, Knox,
Stark. Peoria and Henry counties, in each
of which he flied an important document
and upon reaching home he placed a
copy of the same upon file in
the county recorders Office in
Rock Island county. The paper al
ludfd to, sets forth the absorption of the
Rock Island & Mercer County road by the
Rock Island & Peoria. The reason of
the consolidation is a mortgage to secure
the payment of bonds aggregating $3.50,
900 bearing interest at the rate of per
cent per annum-or $4,000 annually,
which was the purchasing consideration.
The transfer was virtually made at the
annual meeting of the stockholders of the
two roads in June, the vote on the sub
ject being at that time almost unanimous,
the matter having been previously weigh
ed in all its bearings.
So the Rock Island & Peoria will oper-
ate the former line of the Mercer County
road hereafter MS the Cable branch of its
road. and the cars and other rolling stock
will be re>lettered accordingly as speedily
as possible The equipage of the line is
first class in every detail, good deal of
it being new, or nearly 50.
The acquisition involves no change in
the executive department or general man
agement Of the Rock Island Il Peoria
road, although a few local transfers will
be made Mr.. Henry Harrison, who has
been in charge of the monies and ac-
counts of the Rock Island Il Mercer
County has been made cashier in the of
fee of the Coal Valley Mining company
in this city, and Mr. H. S. Glenn has beer
retained as clerk, Mr.. Charles TruesdalG
having resigned. Other employees remain
practically the same as they have been
| A new time card will soon be issued, con
tanning few changes in conformanc
with the putting on of the customary ad
ditional trains to the coal mines durin;
the fall and winter months.
AN IMPORTANT MOVE.
President r. Z. Gable, of the c., r.
& P road, started for New York Friday
in company with Mr.. T, F. WithIow, tn
general solicitor of the company. Th
statement made at the c0mpany's office
to the Chicago press is that Mr.. Cabl
went east to put his son in school, bu
another story comes from good source
1t is said that Mr.. Cable goes to Ne'
York to secure the control of the St. JIG
seph and Grand Island road, which wa
formerly known as the st. Joseph an
Denver road This road runs fir ON S
Joseph, Mo. to Grand Island, Neb
distance of $50 miles The put
pose of Mr.. Gable is to secul
an independent line to Grand IslanC
Neb. 1t is now building line fror
GAllatin, Mo, to St Joseph, Mo. 50 tbs
the St. Joseph and Grand Island roa
would prove very useful as ready COZ
nection The latter line was for whil
in the hands of receiver, it never prov
, ing a paying investment as an indepenC
ent line At present The majority of ii
stock is owned by the Union Pacific roat
While the st. Joseph and Grand lslau
road runs through n fertile and rapid
improving country, it is not believed thi
the c., Il. |. & p. is satisfied in gettir
!. to Grand Island TO meet the Union Pacif
r there. 1t is limited that the real purpo
Il of this move is TO get AN entry into Del
yer.