Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1900-11-22
IB(0.|8N..O
lHew Life Put Into the Project
BY . Change in the Han.
agement
Board 81 Directors Elected and
New Officers For the Read
Chosen.
Nevada Capitalists Will Take
Hold Of the Project and
Flush It.
pecial to Times-Republican.

Special to Times-Republican.
Nevada. Nov. 22.-People 10 are in
q position to know say thatbthe Duluth
& New Orleans Railway Company.
means business. At the annual meeting
OF the stockholders Of the road held on
Nov. 20 the following board of direc-
tors was elected: ]. A. Fitchpatrick. w.
=. Swayze, James Lowell. James Dillon,
Elwood Furnas, 8. ". Wardall, 7. ".
Wardall and U. S. Alderman. Shortly
after the election Of said board they met
and elected Senator ]. "A. kirkpatrick
president, James Dillon vice president,
w. F. Swayze treasurer, U. s. Alder
man secretary and H. NJ. Funson gen-
eral attorney. With the above list Of
directors. aggregating the vast amount
of capital which they represent and
sured.
Senator kirkpatrick, the new presi-
dent, is also president Of the First Ma
tional Bank Of Nevada, and a we'll
known capitalist. w. +. Swayze is the
present cashier Of the First National
Bank Of this city. and also q strong
capitalist. Mr.. Dillon and Mr.. Furnas
are also strong men, representing large
interests, and command a great deal Of
capital. r. A. Ely, OF Marshalltown, a
practical railroad man, has the contract
for the entire construction OF the road.
With the new blood just asimilated, it
means the success Of the d. & N. y.
project. 1t is understood that work will
be commenced at once and pushed with
out delay. The whole community is
much pleased with the new change and
feels assured of the railroad.
4 1t has been known for some time that
the Wardalls, who originated and pro-
Elected the scheme Of building this road
4 from Nevada to Des Moines, and event
Iually from Nevada north to the great
lakes and from Des Moines south to the
IGulf Of Mexico, have been making a
Istrong effort to keep the matter alive
and retain intact the features Of the
plan and the money they had invested.
| 1t seemed for a time that the project
Twas going to fail, and out of these ru-
jmors a rival company, proposing sub
lstantially the same route, sprang into
Iexistence. This was known as the Des
Moines, Iowa FANS & Northern Com
pany. and it is said that they have been
ready to build as soon as the D. & N. o.
company left the field. A 8 per cent
tax has been voted in Nevada township
to aid the d. & N. o. people, providing
the line is in full operation between Ne
(vada and Des Moines by July !, 1901
They have the right -of-way either con
I tracted for or purchased outright almos
continuously from here to Des Moines
|.all the preliminary work of surveying
and establishing grades has been &C
lcomplished and about ten miles Of grad:
ing. in the worst place on the line is
ready for the track In view Of these
facts, 1t can be readily seen that the
Il Wardalls would not be willing to relin:
quish their interests without struggle
It was conjectured that one or two 10.
cal capitalists were connected with tn.
4 enterprise this summer. but now tina
4 the men named above have taken hoie
sIiof the road there can be no doubt what
ever that the line will be built, probabl,
4 in time toreceive the benefit of the Ia,
a voted them. which will amount in thi.
township alone to over $4,000 All tt,
4 new officers Of the road are we'll known
4 here and over the state. and their re
4 sponsibility is unquestioned. r. a. Ely
/ one Of the biggest railroad contractor
I in this part OF the country, is also wei
4 known personally here, and his abiltt.
\ to handle the contract is readily ad
4 mitted.