Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1901-04-09
D. IN. D. R[0RGANH[D
The North & South Railway Com.
pany Organized and Incor-
porated at Nevada.
sisnalizes the Death Of the Old
Duluth & New Orleans
Project.
New Impetus Given to the
Scheme for a North and
South Line.
pecial to Times Republican.

Special to Times Republican.
Nevada, April 9.-T'he North & South
Railway Company, with headquarters
ut Nevada, filed articles Of incorpora-
ton with County Recorder G. j. Page
here yesterday, and also with the secre-
tary of state at Des Moines The mo-
ment these papers We're filed and the
rev company was born the old Duluth
g. New Orleans project died, at least so
far as the name is concerned. 1t is un-
derstood that the Wardell syndicate,
which owned u controlling interest in
the stock of the Duluth & New Orleans
Railway. Company, has been dissatisfied
for some time with the way the affairs
of the company We're being managed.
and il is rumored that some Of the Off
GERS Of the company, who were sup
posed to be working for its good, We're
not very enthusiastic for it. The friends
of the road believe that this is the rea-
son the project, while several times oil,
/ the eve of success during the past TIVE
years. has each time fallen thru Az
any rate the Wardells with their con-
TROLLING interest in the stock of the
company, voted a reorganization and
began anew their task of putting on
feasible basis the proposition 10 build a
lime from Usage TO Des Moines and
Eventually, by acquisition or otherwise.
from some point on the great lakes 10
I the Gulf Of Mexico. This resulted in the
formation Of the new company, as.
made public yesterday. The articles OF
incorporation state that the North &
South Railway Company is capitalized
at 100000. and announce its intention.
10 build or acquire a road from the
lakes TO the gulf substantially along the
sane route as that proposed by the d. &
I M. The ncorporators ard first board
lof directors are f. G. HoliGge, Mime
I apolis; 7. " Wardeil, Nevada S. NJ.
\ Hanley, Minneapolis; Elwood Furnas,
IS. " Wardeil and Thomas Wardel, Ne
yada, and II. " Brandenburg. New
York. The Minneapolis men are said
Ito be well-known capitalists, and Mn.
4 Brandenburg is an eastern millionaire.
zone Of the officers oft the company stat
led that bonds TO the amount of s22.5Oo000
< had been sold by contract and that IL
was in IA sound financial condition.
When asked about what time work
would be comm enced 1t was stated that
the SURVEYS, grades and right of way of
/ the ID. & n. o. Company would be util-
lied az far as possible. and that a corps
4 Of surveyors might be at work within a
week II seems 10 be the disposition OF
fsthe present promoters 10 go ahead quiz
i city with the work, and not make any
ipublic Statements as to what they In /.
~ A
1 Moines. such as this company proposes
TO build. Will. ii is said, form a connect
4 ing link in a great trunk line, a system
Aof which, some railroad men believe, Is
some day destined to revolutionize thru
Transportation and divert the traffic
4 which now goes 10 the Atlantic sea-
board 10 the gulf states
A 3 per cent tax in Nevada township.
slamounting 10 almost s20.oo0. was voted
TO the d. & n. O.. and is row spread up
on the county records to be paid pro
slsviding It's line was completed and in OPP
lseration between this city and Des
4 Moines by July /, 1901. This tax is now
forfeited by the dissolution of the com
|pany ard it is not known yet whether
any attempt VIII be made to vote a
similar tax to the North & South Com
lpan! The limit to the amount of bond
led Indebtedness that can be placed on
the new road is set at $4,000 per mile.
land the time for holding the first elec-
4 ton of officers is July l. 1901
II is not yet known how this phase Of
the railroad situation VIII be regarded
here, aitho ii is certain that our people
are desirous OF having a north and
Isouth road. The Statements in last
nights papers by Engineer Schreiner.
|.of the Des NIoines, Iowa Falls e North
Tern road, TO the effect that this COM
pany was contemplating going by Ne
I4vada thru Maxwell. If it builds at all.
viii make the people here mors willing
TO encourage a home enterprise such
as the North & South Railway Compa-
8Iny.