The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1885-10-20
THE c. & G.. 3. CASE.

The Sale Decree Set Aside-A Decision that
Affects Every Citizen Along the Line.
Attica Ledger.
In the federal court at Indianapolis on last
Monday Judge Gresham granted a motion set
ting aside the decree ordering the sale of the
Chicago Great Southern railway. The motion
was made by attorneys representing creditors of
the road under the Crawford management, and
they will be given forty days in which to furnish
evidence 1t was the expectation of the syndi-
cate, headed by FL. FL. Porter, who hold first
mortgage bonds, to buy the road, and with this
in view good deal OF money had been put into
rolling stock and improvements, an extension
from Yeddo to Brazil had been started and
the road had a prosperous future before
it. The result of the decision will prob
ably be the suspension OF work on
improvements, temporarily at least. The effect
will be felt not so much by the syndicate, who
are able to stand it. as by the people along the
line of the road AT Attica fifty men 60 daily to
work on this line, to say nothing Of the train
men; at Oxford nearly many more, and
every station of any Importance along the entire
road furnishes its quota of men, many of whom
but for this employment would be in very close
quarters financially. Ten thousand dollars is
paid monthly to this amy of laborers every
dollar OF which goes into the tilis of the mer-
chants, so that the cessation Of work means a
loss for every business interest. Stop the steam
shovel, stop the gravel trains, stop the pile
drivers. stop the fencebuilders stop the ditchers
stop work the south extension, and it is a
hard blow to Attica, as we'll as to every other
town on the road. The Ledger does not know
that work will oe stopped, but to man
up q tree it looks like Mr.. Porter. nor no other
man, would care to risk putting down any more
money on uncertainties. Of course the case is
not yet decided, but the delay is injurious to
every body along the line. Forty days may mean
forty months, and in the meantime circum-
stances might arise that would forever stop the
improvements. So far as the creditors in Attica
are concerned land the Ledger is one of theml
we believe they are far-sighted enough to see the
disastrous effect and that there is no one but
who regrets the situation of affairs as foreshad-
owed by Judge Gresham's decision. So far as
pect is hattering. Since the change in receiver
the earnings have constantly increased,
until those for September have nearly
doubled those of the preceding month. Much
of this is due to the work on the extension, as
every article shipped over the G. & G. S. is paid
for by the contractors, the same as other ship
pers. But outside of this good general freight
business is being worked up, especially in live
stock. Sixteen carloads of stock went north on
last Tuesday, and another train will 20 to NOR
row, while coal and lumber are daily going and
coming, making altogether much better bust
ness than the road ever did before
There isn't a citizen along the line but who
hopes that the improvements will continue. and
that the Porter syndicate will soon control the
road. These parties, by their business sagacity
and straight honorable dealing have won the
confidence and respect of the people, who be-
lieve that the road could not fall into as good
hands. They identify themselves with the peo-
ple help build up our towns. and aid that
Attica nor no other town from Fair Oaks to
Yeddo can well afford to lose.