The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1899-06-11
NOT OUT S~ANDBAGGING
PRESIDENT ERWIN, OF NEW STOCK
YARDS COMPANY, Is INDIGNANT.
shieI Did Net Represent the Compnny
president Downing's At
titude.

The war OF the two stock -yard companies
becomes more interesting as the days go by.
The officers of the new interstate company
were not bubbling over with good humor
yesterday. owing TO the fact that the COM
pany had been placed In a bad light by an
announcement TO the effect that the COM
pany had demanded 10000 OF the old COM
pany as an inducement 10 withdraw from
the field.
"An announcement such as that does Us
much HARM" said D. p. Erwin, president
Of the new concern, land our company will
request a retraction of ii. The statement
that the new stock yards company has at
any time offered TO get out Of the way Of
the old one for a consideration Is positively
and emphatically false. I understand that
r. r. Shiel, acting for himself and for his
associates, did have some conference with
the old company, in which a settlement OF
some kind was proposed. What this bust
ness was. or who Mr.. Shells associates
We're. / do not know, but / want 1t distinct
ly understood that he was not acting in
the interest Of this company. Mr.. Shiel is
Dot an officer in the new enterprise, and
he will not take any active part in the ar
fairs Of the company. II he is at all inter-
ested. II will be merely as a stakeholder.
We will be glad to get his commission busi-
ness, as we will be glad to receive all COM
mission men into the fold who may wish
to buy stock. But this talk about his rep
resenting the new stock yards company in
asking a hold-up of 5000 o or any other
amount, Is absurd, TO say the least. The
interstate company Is not a san~d-bagging
concern, despite the efforts of some people
TO a IL out as such. II has not been
organized for the purpose Of soaring some
body into making it a present of a specified
sum of money. II has been organized strict
ly as a business enterprise, and will guar
antee to begin operations as soon as the
new yards are completed and to continue
In business for many years to come. We
are having stones thrown at us from all
sides. but none Of these missiles are worry
ing us to any appreciate extent.
1T Is true that IL the petition now before
the Board of Works. asking for the extern
sion Of Division street, passes the board,
we shall be inconvenience a great deal.
The opening of this thoroughfare. from
Morris street to Kentucky avenue, as pro-
posed, would compel Us to change our plans
as to the location OF some of our buildings,
as the new street would run directly
OF the obstacles that are constantly being
placed in our way. but we are not to be
outwitted. The old company wants TO buy
US Out, and is attempting TO worry us into
selling, but We are not to be bought. I'm
doubtedly the Division-street- petition will
be granted by the Board of Works, and we
are already preparing 10 make a change
in our plans in consequence. Colorel Down.
ing president OF the board. owns a controll-
ing interest in the old stock yards, and 1t
isn't at all likely that he would further the
interests of a rival company by refusing to
grant a petition. Perhaps the extension or
the street would really be beneficial TO the
city. and II such Is the case we have no de-
sire to fight against IL, as we have no in
tention OF going against any of the inter-
ests OF the city"
r. r.. Shiel appeared to be in anything
but a happy frame of mind when seen by
up in a deplorable manner" he said. Il
never in the world went TO President Rauh.
of the old stock yards company, with an
offer to keep the new concern out of the
way for a consideration. What i did do
was to offer to compromise certain suits
which. 1 had filed against the company"