The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1895-12-11
EFFECT OF THE DEAL
HOW SALE OF THE l., ID. & w. Is
VIEWED BY RAILWAY MEN.
Valuable Acquisition to the c., III. &
D.-Atshfson. Topeka & santa Fee
Sold for S6O,OOO.0OO.

The announcement yesterday morning
that the Indiana, Decatur & Western had
really been sold to men who would operate
It in the interest of the Cincinnati Hamil-
ton & Dayton was not credited in all quar-
tiers. but yesterday forenoon the statement
was fully confirmed by kilograms received
by r. b. f. Peirce, general manager. The
general expression among railroad and bust
ness men Is one of rejoicing that the Gin
cinnati. Hamilton & Dayton is TO control
the road, as business and railroad men have
admiration for that company, so much ag
gressiveness has 1t shown in improving
the property, making il a road second to
none and putting on trains TO accommodate
both the travelling public and delivering
freight with a promptness which meets
with favor on the part Of shippers. The
Cincinnati Hamilton & Dayton road has a
Western outlet which has excellent con-
nectiors and is so located that it can be
extended west to even more important con-
nections. Unquestionably, the Brice syndi-
cate Is disappointed over the turn matters
have taken. without doubt. Those gentlemen
expected that the owners of the Indiana,
Decatur q Western would become dis
couraged and the Lake Erie & Western
could secure the road on about its own
terms.
The Indiana, Decatur & Western road,
which extends from Indianapolis to Decatur,
152 miles. was organized by the stockholders
committee in 1894 to succeed the Indianapo-
lis. Decatur a Western. which was sold
under foreclosure Of the indianapolis. De-
catur & Springfield in 1876; in July, 1895. the
Decatur & Eastern, formerly leased, was
consolidated with the Indiana, Decatur q
western. The new company authorized
mile each. and first mortgage fives at Sl2.-
600 per mile, with II. w. Smith. of New
York, president For some weeks negotia-
tons have been pending in quiet way to
effect the deal completed yesterday. The
Indiana, Decatur & Western is a natural
Western outlet for the C., H. D. Until
Vandalia the road had a very friendly
Western feeder in the Vandalia, but the
last year the Vandalia did not give as much
Dayton as the latter did to the vandalia.
and The road has had no feeder of any val
ne except the Indiana. Decatur e. Western.
The c., II. & ID. can now establish a good
s. Louis line in connection with the Tole-
do, st. Louis e Kansas City at Metcalf
and with the Wabash at Decatur and is
comparatively free to secure through bust
ness.
The terms on which the Cincinnati. Ham,
liton a Dayton secured control of the prop
erty are such as to make 1t safe and wise
move on the part OF the Woodford syndi-i
cate, as single-handed the Indiana, Deca-
tur d Western has been earning. the last
Few months more money than Is required
to meet charges and all other expenses,
and with the Cincinnati. Hamilton & Day
ton working heartily with Ii the earnings
can but increase. The Cincinnati. Hamil-
ton Dayton takes the road at time
when its physical condition is at the high
est standard, and no money need be ex-
pended above ordinary repairs for several
shops will be very useful for the Cincinnati,
Hamilton G. Dayton; in fact for the three
years past the latter has had three or four
western shops TO be rebuilt Like all rail-
way deals. Ii Is likely to throw some
worthy men out of positions. but they are
men who will probably drop into equally
good positions on some other road or In
business relations of another character
Anything regarding the official changes of
the road. under the new control, as yet,
would be in the nature OF speculation A
few days will develop the matter more
fully.