Rock Island Argus. (Rock Island, Ill.) 1893-1920, 1895-08-16
RESULTS PLEASE.
The Prospects for the Street
Railway Company's Future.
THE NEW ARRANGEMENT TAKES.

THE NEW ARRANGEMENT TAXES.
The Reorganization Without Process of
the Courts Viewed With Satisfaction by
Those Who Appreciate the Enterprise
That Has Been shown in AL Local Cues
tions.
The prospective reorganization OF
the Davenport & Rock Island Rail-
way company without the delay and
other annOyances that would attend
the process of the courts. is received
with satisfaction by all friends in the
three cities of the corporation which
has become SO closely allied with all
the improvements and progress that
have gone forward in the community
in the past few years. 1t is a fact
that none will fail to concede that
the advancement made in each of the
cities of Rock Island, Moline and
Davenport in recent years is directly
traceable to the advent of the Chi
cage company in our midst. But for
its liberal policy and cheerful
acquiescence the paving operations
would not have been attempted in
any of the cities. No local corpora
ton could under any circumstances
have sustained the burdens incident
to these improvements, which have
worked such wonderful transforma-
ton in the tri-citics. The street car
company was in it at the be-
ginning of the paving. and it
has been in it right along. That is
the reason the company is ..not
in it" SO to speak, now when il comes
to meeting all the claims against it.
1t has become insolveRt through
what it has been obliged to stand,
and nothing else. Through the
management of President Louder
bach the system has been entirely
reconstructed and a service equal to
the best in the country given, and it
has made nice net earning for the
stockholders aboye the ordinary
legitimate operating expenses. Mr..
Louderback has demonstrated that
the property can be made to pay
nicely, but only through his pluck.
perseverance and tireless energies
has it been saved from bankruptcy
for several years. lie has brought
results out of what seemed to be
utter hopelessness. but the fruits of
his gencralship have been absorbed
by the constant drain OF paving OPP
erations, and the company mas been
plunged into debt beyond its power
to recover, beside The paving pro-
gress has proven splendid thing
for the three cities. and realizing
this the company has sustained its
position without a murmur. Yet its
life blood has been taken. and it has
been obliged to give up. but it
is gratifying to know that the new
corporation which President Louder
back and his associates propose to
form, under the title of the Tri-C City
Railway company, rs stated ycster-
day will be backed by sufficient capt.
tai to clear up all the liabilities
hanging over the former company.
and enter upon the future with re-
newcd energy. The councils of the
three cities acted with commendable
consideration in releasing the COM
pany from the burdens of paving
last spring for two years, and that
action would have been taken before.
doubtless, had the three municipali-
ties realized the situation rs it af-
fected the company. We do not be-
lieve that our paving operations
should cease, but there should be a
wider range followed hereafter and
care should be taken that where
streets occupied by the company's
tracks are improved. too much be
not undertaken in n single year. a
little at time will not be felt, and
instead of following every track that
the company owns, other thorough
fares should receive attention, as has
been the case the present season.
Capitalists Are Hopeful.
The Chicago capitalists whose
money has been SO beautifully ex-
pended in the three cities wound up
their visit here last evening with a
feast nj the Tower Inn, in which a
number of friends in the three cities
were the company's guests. and a
pleasant occasion it proved. krell &
Math did themselves proud in the
spread, and the various attractions
at the Tower theatre. the slide, etc.
were all heartily enjoyed by all par
ticipating. The company. after the
formalities of reorganization are per-
fected. will add to its equipment n
half dozen more open motor cars,
such as are used On the Tower line,
and which will contribute to the
comfort OF its patrons.
The Rock Islands New Superintendent.
The Rock Island company has an
uounccd the following changes effec-
tive at once, in consequence Of the
death Of Gen. Supt. Dunlap: A. j.
Hit, general superintendent, Chi
cago. vice. Charles Dunlap. deceased
W. ii. Stillwell, assistant superin-
tendent of lines west of Missouri
river, Topeka, Kan, vice. A. j. Hit.
natal. II Enr ,San nd ,,f