Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1901-01-21
HAVE AMPLE CAPITAL
Promoters Of D. & N. o. Railway
Say Line will Be
Built.
Nevada Capitalists With Plenty
oiFunds Back Of the
Project.
Proposition to Consolidate With
Iowa Falls Company Not
Considered.
pecial to s-Repuplican.

i
Special to Times Repuplican.
Nevada Jan. 81 The promoters ofsthe
ID. & n. o. railway project here take
exceptions to statements made by L. S.
Ellsworth in an interview in Des
Nloines last week. They state that no
proposition for a consolidation of the in
terests of the ID. Sc. n. O. and the Des
N1oines, Iowa Falls & Northern has been
rlade by Ellsworth or amy one else.
Ellsworth was in Nevada a. few nights
since. as he stated in his Interview, but
the ID. & n. o. promoters say he made
40 mention of a proposition to have the
u. & n. o. retire from the field and
leave the right-of for the proposed
route open TO his company.
Speaking of the matter a prominent
Duluth & New Orleans official said this
morning:
My attention has been called to sew
eral articles which have been appearing
in the papers of late which seem TO en-
anate from the same sourse wherein Mr..
Ellsworth has been interviewed relative
to the supposed prospects of the Dies
soines, Iowa Falls & Northern, and in
which he goes thru the same stereotyped
routine that the Duluth & New Orleans
company will not and can not build. To
re the amusing feature OF these arti-
| cles is that | he Iowa Falls people appear
10 be getting some comfort out of them.
AS tothe report that the two companies
We're to be consolidated, i VIII state pos
litively that no such proposition has ever
teen made, and that If it was madesit
would not be considered for one mo-
ment, as our company i; in the field to
stay and Will build this road from Des
AIoines to the northern part OF the stats
iust as it is marked out and without the
ssistance of any other company
Referring further to the road, the local
official said that all matters OF detail in
connection with the construction of the
\ Duluth & New Orleans line We're prac-
ideally completed. and that r. a. Ellie
of Marshalltown. who has the contrac,
for building the road, in cooperation
with its officials, was now making ar
ran enents for the purchase of all the
4 n.aterial necessary, and that grading
would again be in progress before ths
frost is out of the ground.
4 Itsis we'll known that the Nevada mer
4 who have taken hold Of this enterprise
4 are all financially respons BILE, and per.
i fectly able to build this road, therefore
4 the people of this community feel CON
fldent that it will be built as intended
1t is a fact that the Wardells them
Z selves have no money, and they hav,
been the chief promoters. But the 10
: cal mon behind the scheme have go
q plenty of coin and they are unanimou.
IN asserting that the road will be built
4 w. i. Swayze, cashier Of the First Ma
! t,onal Bank. Nevada, is worth a l. lea 81
4 5O,o0O; EiMooa Furnas, probably sl5o,-
Z Goo: j. A. kirkpatrick, $4,000; James
s. Lowell. $50. 600; James Dillon, s65, 900: L
S. Alderman, $4,000 and behind him d
S family worth 100000. All these mey
q command Immense capital besides theii
{. town. ]. A. Fitchpatrick loans money
ssot eastern firms on his own RESPONSE.
h.lity and does the biggest business oil
THAT kind in Story county. 1t is the
! opinion here that the p. & n. O. now is
\ all right. The Wardells are simply OF
. the board of directors.