Clipped From The Indiana Democrat
Hew Lake Line Assured- The Pittsburg Post, Friday. The extension of the Pittsburg, Shenango Shenango & Lake Erie railroad as projected by Andrew Carnegie to give Pittsburg better and cheaper transportation to the ;reat lakes will be built at once. Tester- lay the company which will build the extension organized and elected as directors directors Andrew Carnegie, William N. Frew, T. H. Given, F. S. Smith, J.-T. Odell, R. A. Frank and Thomas M. Carnegie, Jr. The board elected Andrew Carnegie chairman; J. T. Odell, president; William N. Frew, vice-president; Thomas H. Given, treasurer, and R. A. Frank, secretary. secretary. P. C. Knox was chosen counsel for the new line. A conference of the gentlemen interested interested waa held at the Carnegie building yesterday morning, and all the preliminary preliminary business relating to the construction of the line wt*s arranged. It is stated that the work will be completed and the road in operation within 18 months. Bids will be advertised for at once, and the company will open its general office in the Carnegie building by the middle of May. Mr. Carnegie spent nearly the entire day yesterday in consultation with Colonel S. B. Dick and other officers of the Pittsburg, Shenango & Lake Erie road. If the opinions of a number of local business men and manufacturers are to be taken as a criterion from which to estimate the value of the new railroad which is to connect some of the largest manufacturing plants in the Pittsburg district with Lake Erie, too much importance importance cannot be attached to the enterprise enterprise which is being backed by the wealth of Mr. Carnegie and a number of other capitalists. Not only manufacturers manufacturers but railway men as well, have already intimated that Pittsburg, Shenango & Lake Erie, after the Pittsburg extension is completed, is to be strictly an independent independent road, operated in the interest of the great manufacturing establishments, and that the rates on iron ore from the lake will be lower than ever before; in fact so low that the supremacy of the Carnegie works will be so incontestably established established that no other manufacturing firm in the country can manufacture steel'so cheaply. «_«.