The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1892-03-07

street than tho6e named the company must
get new contract for that particular
street. which contract must be granted by
the Board of Public Works and confirmed
by the Council in the same manner as tho
original franchise. The president of tho
Board of Public Works SAYS he has in
vestigated this point fully. If Messrs.
Belknap and Shaffer buy up the Citizens
company they will have to get another
franchise for it when the present one ex-
pIres. There can be no double-deallng IN
this matter. unless the authorities should
connive at 1t.
But it behooves the municipal authori-
ties TO look well to their knitting. for that
there is a deal on between Messrs. Shaffer
and Belknap and the Chicago owners OF
the Citizens company seems certain. This
means, il il goes through, that the Broad
Ripple franchise means no gllmmer OF hope
of competition. There is a feeling that 10
would be just as well for the Council not
10 be in too big hurry about confirming
that franchise.
Late last night the following telegram
was received by the United Press:
CHICAGO. March GA syndicate at In
dlanapolis. headed by J. c. shatfer. has
been given thirty-days option ON the
Citizens Street-railrOad Company OF In
dianap polls for So 10000 The negotiations
were conducted by Mr.. Shaffcr and John j.
Mitchell. who acted for the Chicago owns
ers of the road. 1t was expected that tho
road would be sold out and out by the
Chicago men, and last Monday IL was
practically settled that the road would
pass into other hands on Wednesday. Tho
strike on the road was on that time. bus
the Indianapolis syndicate understood the
situation and was not alarmed by It.
When Taylor threw the road into tho
hands OF q receiver for four days the deal
was temporarily interfered with. and the
efforts TO close at once were abandoned.
There seems to be no doubt. however, that
the deal Will be brought about eventually"
This telegram and the evasIve answera
of Mr.. Shafier give some little color TO
story brought to the Journal last evening
as coming second-handed from q member
of Mr.. Frenzeps family. lt IS given in tho
works of the informant: This strike 10
brilliant stroke of Mr.. Frenzel to
earn his S15o.CoO by getting new
pie know it. He stirred np trouble and gou
big strike on, arousing great prejudlce
against the Citizens company, but Mr..
Shaffer appears as the friend of the men.
Then Shatfer and Belknap, who are really
agents of the Chicago owners OF the Citi-
zens get through the Broad Ripple
franchise for twenty wears, while
there 10 great public excitemens
and the people are ready TO welcome a new
company. AS soon as the franchise 10 got
I ten the Broad Ripple people VIII appar.
ently buy the CITIZENS. Dir. Frenzel Will
step out and Mr.. Belknap. an experienced
street-railroad man, Will be president OK
| the company OF Shaifer Will resume bis OLD
| position at the head of the street-railroad
monopoly of the city"
As will be noted, this theory sounds well.
but If President Conduit of the Board or
| Public Works, knows what be 10 talking
| about when he says the Ripple franchise
will he good only upon the streets named
| In il the scheme does not seem 50 very
| brilliant.
| Journal reporter called on Mr.. Shaffer
at half-past IL O'Clock this morning and
showed hlm the above dispatch. lie read
| it slowly aloud with something OF q smile
| of recognition. but said pleasantly:
Now that matter seems ali settled up
very nicely"
But is il truew queried the reporter.
mo" he said. with a slight pause. and
| yet there is enough OF the truth IN IL 10
! make q basis of speculation"
but will you give the Journal anv IN
formation as TO what part Is tree and what
! Is notW
II believe / have stated 10 the Journal
before all that i can say now. 4 have said
| that if the people OF indianapolis and the
men would patiently 40 on as al present TOR
| little while. all would be we'll
IF you purchased the Citizens would
the Broad Ripple road be combined with
| it,"
TO say moro at this time would not be
just TO Others interested III the matter"