The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1902-07-15
Mayor BOokwalter Serves Notice on
Hugh j. McGowan to Meet Off,
ciaIs on Thursday.
MR.. MCULLOCH IN THE CITY
MEETING IN ANDERSON To con-
sIDER ELECTRIC MERGER.
Consolidation of the Union Traction
Company and the indianapolis a.
Northern Road.

Mayor Bookwalter has taken steps TO
bring the interurban question again into
activity. At the conference between the
representatives of the roads and the Board
of Public Works some time ago it was de-
cided to present the proposal TO eliminate
the car tax provided in the city's standard
franchise to the the Council committee on
contracts and franchises. This has been
done and the committee decided to hold its
action in allegiance until the roads and the
Board of Works have a further conference
on the car tax question. The effort OF the
mayor and the board has been 10 pin the
roads down TO an agreement TO establish
a terminal station for passenger and freight
business. The roads speaking through
Hugh J. MCGOWAN, expressed satisfaction
with this plan providing the car tax was
eliminated from their contracts. Mr..
MCGOWAN assured the city officials that
he was in a position to say that terminal
facilities would be provided by the Indian
apolis company if the car tax was removed.
Since then nothing has been done, Mr.
MCGOWAN and Mr.. McCulloch, of the Union
Traction Company. having been out of the
city. Yesterday Mayor BoOkwaiter, not
having heard proposal Of any kind from
the roads. sent the following letter to Hugh
]. MCGOWAN:
Some weeks ago at the conference held
by the city and the representatives of your
company and the interurban railroads. you
were notified that II was the desire of the
city 10 have an immediate settlement of
the question of terminal facilities for in
terurban railroads.
AT the time of such conference we were
given assurance that the indianapolis COM
pany, together with the interurban lines.
would have a proposition TO make to the
city at an early date. Up to the present
time we have heard nothing whatever from
you relative to this proposition.
II feel that the interests of the people
demand that there shall be reached def
mite conclusion at an early date and desire
hereby to notify you that the city shall ex-
pect before Thursday. July II, to be in
formed as to the exact purpose of the rail-
road companies. / would suggest that the
representatives of the interurban roads and
such representatives of your company as
you desire TO be present, meet with the
Board of Public Works at their office on
Thursday. July II, at p. m
Hugh j. McGowan president of the In
dianapolis Street-railway Company, who
has the interUrban terminal matters largely
in hand said last night a meeting of the
representatives of the various roads would
be held to-day to discuss the interurban
question. When the time fixed by the
mayor comes" he said, the interurban
roads will have made much progress to-
ward the solution of the terminal question: -
/ Mr.. MCGOWAN said the difference between
/ the interurban lines and the local shippers
| committee would also receive early atten-
/ ton Mr.. MCGOWAN promised to arrange
/ a conference between the interurban rep
/ resentativeS, the shippers committee and
himself to adjust the freight-carrying and
/ the rate question.
MR.. MCULLOCH IN TOWN.
George F. McCulloch, president of the
Union Traction Company, reached the city
from the East yesterday afternoon and ne
| and Mr.. MCGOWAN were together. Mr. Nc
/ Culloch's return was principally to attend
/ a meeting of the stockholders of the Union
company at Anderson tomorrow. This
meeting will vote on the proposal to place a
second mortgage on the system to secure
the bond issue of 100000 by the Indian
| apolis Northern Traction Company, which
is planning a system reaching TO Logans-
/ port and uniting with the northern routes
| already in operation. The Indianapolis
| Northern is TO be capitalized at $3500O00
| and Of this stock the Union company is TO
| Northern cOmpany's bonds. The Northern
| bond issue is also to be guaranteed by a
| first mortgage on the Northern company
| property, and the Colonial Trust Company
| of New York will be trustee. The bonds
| are to be sold at So per cent. of par valua
| ton. Mr.. McCullOch some weeks ago an
| nOunced that the Union Traction COMPANY
would be the lessee OF the Northern com
| pany's system. This system is to reach In
| dianapOliS through KOkOmO, Cicero Tiptor
| and Noblesville. Under the proposed lease
| the Northern companys system will be
leased TO the Union company for a period
! of fifty years and the advantage to the
| Union company will be in the valuation
| that the stock of the company NAV gain
| If the vote is favorable, and there is No
doubt that 1t will be, the work of construc.
| ton will be begun at once and the second
| great interurban system to be put in tOuCt
| with Indianapolis will be fully provided for