The times. [volume] (Richmond, Va.) 1890-1903, 1898-08-18
IMPORTANT RAILWAY DEAL.
President ingalls,. of Chesapeake Sys-
TEN. Makes q Big Purchase.

Yesterdays Washington Star says;
The announcement IS made semi-ofhcl-
ally that President ingalls, OF the Chesa-
peake and Ohio and Big -Four Railway
Companies has succeeded I'm arranging
the most important railway deal OF the
year the effect Of which will be TO practi-
callv give the chesapeake and Ohio
through line Of IT'S own between Chicago
and ST. Louis. via Cincinnati and IN
dianapolis IN order TO bring this about
President Ingalls, has, II 81 understood.
purchased for the capitalists owning
the two roads named a controlling in
terost in the MOnOn route which runs
between Chicago and indianapolis, and
I'm the Cincinnati. Hamilton and Day
ton road. ir
Tho Big -Four SIS controlled by the Van
dorbHts and this road Is operated Ia
close connection with the Chesapeake and
Ohio IL the entire programme Is carried
out 90 IS believed it viii greatly
strengthen tho western Vanderbilt sys-
tom and lead 10 the placing OF rates IN
a much disturbed territory on irmor
basis.
Strictly Speaking the majority Of the
Nonon stock has been acquired by the
financial interests that control the Bis
-Four. not by the railroad proper, al-
though the effect Is the same. ana u is
understood TO be the intention 10 turn
the property over TO the Big Four at no
distant date. The acquisition OF the
Monon will give the Big -Four an en-
trance OF it's own into Chicago over the
Chicago and West Indiana tracks. The
Monon has. with four other companies
control Of the stock Of the little road.
The Big -Four has been dependent upon
the Illinois Central for an entrance into
Chicago. having 20 pay for the use OF
Gfty-six miles of the tracks.
The ACQUISITION of the MonOn will add
$50 more miles to the Big Fours system
OF 8S miles. and. with the Cincinnati,
Hamilton and Dayton, its combined
length viii be 3O15 miles. In addition
20 this. the Big Four operates nearly
800 miles Of other tracks. Tho Monon e1-
tends from Chicago to Indianapolis, and
from Michigan City TO New Albany, the
two lines crossing each Ohtcr at MOnOn.
IL also has two small branches I'm South
ern Indiana.
The line from indianapolis TO Chicago
only in a sense parallels the Big -Four for
part Of the distance. Otherwise the two
systems supplement each other and Will
be able TO give exchange considerable
business. which formerly went TO other
systems.
The c.. H. and D.. in connection with
which the late Henry S. Ives won noto-
riety. traverses much of the territory OF
the Big -Four. but 80 would add much
new territory 10 the Vanderbilt system.
The c.. II. and u. extends from Cincin-
natl to Indianapolis from Cincinnati 10
Ironton and from indianapolis to Deca-
tur The only line that parallels the Big
-Four for any distance is that from Gin
cinnau 10 Indianapolis
It is calculated. however that com
hinatiOn OF tho two systems would lead
TO greater uniformity of rates. and
that both companies would be gamer.
The Big -Four has no line into Toledo
Hnd if DO acquires tho Hamilton and Day
ton road the latter viii afford a. short
ana convenient connection between the
Big -Four and Lake Shore for connection
Wl.n 1lehiFaU points