The Mankato free press. [volume] (Mankato, Blue Earth County, Minn.) 1879-1924, 1899-09-15
OUTLOOK BRIGHT.
Henry Zimmerman Jr. Returns
From the East.
Representatives of Bond Companies w
Soon Visit Mankato on Import =
ant Business. ~

Henry Zimmerman %,<Ssturned
Friday from his ea9' 81 on bust
ness connected v .,$I floating of
street railway bon>SSZ<company with
w. L. Hixon and S. Nilhartz, he Wis
tied Chicago, New York, Boston, New
ark and Philadelphia. The object of
the trip was to consult financial houses
and bond brokers with the purpose of
floating the bonds of the Mankato Elec-
trio Street Railway, Light and Power
Co. When seen by Free Press reporter
this morning, Mr.. Zimmerman said
that the outlook is very favorable. Mr.
Hixon started for home week ago, and
Mr.. Wilhartz remained in Chicago to
visit relatives, and is expected home to-
day. -t8-e4
Mr.. Zimmerman states that the rep
resentatives of two bond companies,
one in New York and one in Philadel-
phia, will visit Mankato within short
time to look the city over and go out
over the route of the proposed electric
line. They are expert electric railway
men and their visit will be simply for
the purpose of seeing whether the line
is likely to prove paying investment.
They made the statement that if they
found the field to be as good as repre-
scented there was no question but that
the deal would be consummated in a
few minutes. t9a.@ae l.&
One of the men aided in putting in
the electric line at Mason City, Iowa,
and he thought from what he could
learn that the field about Mankato is a
better one than that When the Mason
City line was first talked of, the people
there laughed and considered it impos-
sible, yet line was built there and it
is reported to be profitable invest
ment. E3
Mr.. Himmelman states that owing to
the rise in the price of iron the line will
cost 800. 900 more to construct than it
would have cost last last year 1t is
difficult to get the rails. A company
which had to complete the laying of a
three mile track in one of the eastern
cities by tonight or lose it's franchise
was obliged to borrow old rails from
the Pennsylvania railway company.
1t is the intention of the electric rail
way company to commence work this
fall if the bonds are foated, so Mr..
Zimmerman states. 1t will be neces-
sary to erect another building on the
property of the linseed oil works re-
Gently purchased, as none of the pres
ent buildings are wide enough, although
they can be used in connection with
the larger building. "
Mr.. Himmelman found the East COW
cred with network of electric lines,
and all seemed to be doing profitable
business. In one city where the opera
ton of steam locomotives on the rail
roads is prohibited freight train of
thirty loaded cars and the engine was
easily handled by an electric motor,
The bond companies are floating large
amounts of electric railway bonds, one
having placed these bonds to the amount
of $40, 600, 600.
Conditions of business in the East
found to be favorable, with confidence
in the future everywhere manifested,
and all lines of industry operating to
the limit. While some parts of the
East suffered little from the drouth
this was not very noticeable The Man
kato men enjoyed two rides in an
automobile in New York City. The
first ride was success but on the sec
ond the power gave out and they were
obliged to change automobiles and the
power on the second gave out, SO that
it had to go into the station for new
batteries.