The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1912-10-19
Will Not Advance Funds to
Traction Company for Ex-
tension from Milton to
Connersville.
BANKERS SUSPECT
HOSTILE FEELING
Company Will Send Officials
Here to Inspect North and
South Extensions that Are
Asked For.

The reason why the T. H., /. & Z.
Traction company will not extend its
line from Milton to Connersville is
because the city of Richmond has an
tagonized the company and created a
spirit of financial unrest which makes
banking institutions wary in advancing
loans for extensions asked by Rich
mond.
This was the statement given by
R. I. Todd, general superintendent
Of the company, to the Commercial
club committee which yesterday in
terviewed him from Indianapolis.
Todd told the committee that Indi-
annapolis bankers laugh at his COM
pany when negotiations for loan for
Richmond improvements are boach-
ed. The company, so Mr.. Todd said.
is told to invest its money in exten-
sions that will benefit Terre Haute and
other Indiana cities where there is a
spirit of cooperation between the city
and the company,
Bankers Fear Richmond.
Any extension that is requested by
bankers They fear the hostile atti-
tude of the Richmond city council and
the citizens generally and advise the
company that it is not a safe invest
ment for them to advance money for
the traction projects in which Rich
mond is interested.
Todd said the officials of his COM
pany last year entertained with
warmth the proposal of the Corners
Vile and Richmond Commercial clubs
for the extension, but later when the
city council of Richmond took drastic
action on the franchise of the COM
pany, the traction officials changed
their attitude and now it will be a
matter of years before the extension
may take place.
Cites Heavy Cost.
The cost of the improvements in
the Richmond service was also point.
ed out to the committee. Todd said the
company expended $4,000 in Rich.
mond last year and it's receipts were
$40, 1000. The committee indicated that
the improvements here were perma-
netn that years will elapse before the
company need spend money again
Todd asserted that if his company had
been given time in making the i'm
provements it would not object to the
expense.
Local Improvements
The proposal of the committee that
| the company extend it's line north and
south in Richmond was we'll received
| by the officials. Todd said that he
and his engineers would be in Rich
mond in few weeks to inspect the
extensions. The northern extension
will go north on North Nineteenth to
H, west to Twelfth, north to / west
hospital. The route of the southern
extension was not indicated by the
committee.
Eight new cars for the city service
will arrive here soon. The CONTRACT
! for the cars provides that one new cal
shall be delivered in Richmond every
four days.
The company's attention was called
to the method of exits on the new
cars Todd said the plan was to keeI
| the door on the side next the track
closed, and that passengers were te
leave the cars on left side.
The officials will investigate the ad
visibility of putting on late car from
Earlham college. Under the present
schedule the last car inbound leaves
the college at 1890 O'Clock.