The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1903-06-22
Transaction Depends on Attitude of
Property Owners Along Right of
Way of the Road.
MEN INTERESTED RETIcENT
PROJECT Is DEVELOPING RAPIDLY.
THEY SAY, HOWEVER.
Probabilities Are that Work Will BE-
gin the New Line Before
Next January.

A second interurban electric line from
Indianapolis to Martinsville is one of the
possibilities of the coming year. The orig
inal Martinsville traction project which
was started about three years ago. be-
fore the line now in operation was planned,
has been revived and it is stated that
there is a fair chance of the successful
cOnsummation of the deal. The transac-
ton is contingent on the attitude taken by
the people along the proposed right of
way.
The company is known as the Indianapo-
lis. MartinsviIle and Southwestern and the
line, as it has been surveyed, will be twen-
ty-eight miles in length. Waverly, on the
river, fourteen miles from this city, will
be the principal point touched between In
dianapolis and Martinsvine. although the
country all along the line is thickly pop
ulated and wealthy. The contamination of
the deal includes the establishment of
big pleasure resort at waverly where the
scenery is strikingly beautiful and the nat
ural conditions altogether inviting to a
project of that character. The river can
be easily damned so as to create a good
sized lake and the surrounding grounds
will lend themselves readily to an attract
sort
PROMOTERS ARE RETICENT.
The men who are behind the deal are ex-
tremely reticent as to their plans at pres
ent- They say the project is in altogether
Indefinite shape at this time and while
they are hopeful of success the outcome
depends so largely upon the attitude of
the people along the proposed right of way
that they decline TO give any Of the de-
tails OF their plans 1t is known, however
that part of the right of way has been
secured and that negotiations are pending
for the remainder and for other conces-
sions that must be secured or the project
will fall through again.
An interesting feature of the revival of the
project is the part woman is taking in the
| enterprise. Mrs. Jean Brudi, of Chicago, one
| of the few women bond brokers in the coun-
try, has been interested in the deal, and
| she is now in the city pending the result OF
the negotiations Mrs. Brudi has Chica go
the bonds and finance the enterprise if it is
go. F. T.. Brakeman, also a Chicago
| broker, is associated with Mrs. Brudi in
the deal, but TO the woman is given a large
| part or the credit for securing the desired
market for the bonds and preferred stock.
= 1t is believed TO be the first instance in the
history of electric traction projects where
promoter
PERSONALITY OF MRS. BRUDI.
Mrs. Brudi has been in the city for sew
eral days and is stopping at the Denison.
She Is a woman OF middle age and a busi-
ness woman in every sense of the word, with
all the details of the traction business at
her finger ends She is equally we'll in
formed in all affairs Of the world of finance,
and 1t is said that she has been exceedingly
successful during the half dozen years she
has been engaged in the brokerage business.
1his Is believed to auger well for the sue
cess OF her present undertaking.
Inc situation in regard to the new Mar
tnsville line is this: The promoters have
the matter well in hand. the Chicago capi-
tailsts are ready to finance the road if Ger
tam conditions are met, and 1t is up TO
the people in the territory il will reach,
VINO will be most largely benefited by the
me- 10 make good those conditions. IL the
oeal goes through it is believed that the
work OF construction will be begun this fall
ana the line will be opened for business not
Adter than next spring.