Rock Island daily Argus. (Rock Island, Ill.) 1886-1893, 1893-06-26
THEY FEEL HOPEFUL.
street Railway Owners View Their Prop
erty and Pass Judgment.

erty and Pass Judgment.
President ID. III. Louderback, Vice
President j. J. Mitchell and Messrs.
Clarence Buckingham and j. F. Gill
cite, of the Davenport & Rock Island
Railway company, spent Saturday
evening and yesterday in the tri-
cities inspecting their property, and
wound up at the Tower. where they
spent the latter part of yesterday
afternoon and last evening. They
all expressed themselves as much
pleased with the condition and APP
pearance of the tri-city electric sys-
tenn and the improvements in the
Tower property. Mr.. Mitchell spoke
for the directors when he said:
..While we have earned nothing from
our investment here, so far, in fact
the system has been a constant drain
on us up to date, we have hopes for
its future. And mind you we don't
mean to grumble when we say that
paving has come rather hard with
us in all the three cities. We don't
object to paving, and there is no
dou ot that in some parts of our
system it has proven a blessing in
disguise, but it has come too rapidly.
Had not so much been undertaken at
once we could have stood it better,
but it has come upon us so rapidly
as to prevent anything like n profit
and the consequence Is that our
already overtaXed stockholders have
been met with demands for further
expenditures instead of dividends.
Now all our most important lines
have been paved, and some that are
not so productive have been likewise
improved So far we have uttered
no complaint, and all we say now is
give US Il chance to catch our
breath so that we can make
something of showing to
our stockholders, and then you can
90 ahead with your pavement and
YOU will hear no objection from us.
We have some heavy obligations to
meet the first of the month. A few
of us Will be obliged to provide for
| these. This done it will take ali we
can make this summer to see us
through another year, without cent
| of profit. but we feel encouraged at
what we have seen here. We have
been treated nicely as corporation.
| the system seems for the most part
to be increasing in patronage, and
we are exceedingly gratified To see
how all three cities are growing.
Surely nothing Will do us more good
| than Il growing population"
1t may be added that there was
considerable more importance at
| tached to the visit of the Chicago
railway men to Rock Island yester-
day than all may imagine. 1t should
| be enough to merely say that they
| went home determined to stay with
| it a while longer At least. which
| means still further outlay for the
cities of Rock Island. Moline and
Davenport.
improvements.
The directors have decided upon n
mum Der of track improvements where
| necessary, and such as will look to
| the general betterment of the ser
vice.
The original flags which ornament
Black Hawk Inn were presented by
Vice President Mitchell Yesterday
Assistant President Lardner called
attention to the fact that they were
getting to look weather worn, where
upon Director buckingham instruct
ed President Louderback to get for
him the handSomest set of coiorS he
could find in Chicago and send them
to Mr.. Lardner to be hoisted by the
Fourth of July.