The Mankato free press. [volume] (Mankato, Blue Earth County, Minn.) 1879-1924, 1901-08-30
WANT TO INVEST.
Mason City Men Write Concern
ing Street R'y.
A Minneapolis Capitalist, Also, Has
100000 to Invest in an Electric
Line Out of MankatO.

| County Auditor Weaver Wednesday
received letter from T. A. Alexander
| of Mason City, Iowa, saying that he
had read in the newspapers that new
move was on foot to build street rail
way line in Mankato, and that COM
mittee from Mason City would like to
meet committee from Mankato on
matters that would be of mutual in
terest. Mr.. Weaver tn rned this letter
over to W. A. Funk, who with Fred
Kron will leave tonight for Waterloo
and Mason City. Mess RS. Funk and
Kron will call on the Mason City men
and listen to what they have to say.
G. N. Andrews. chairman of the
board of trade special committee, has
been aware that Mr.. Alexander and
another man have been waiting for
the franchise of the old company to
expire with the intention of applying
for franchise themselves. 1t is prob
ably for this reason that the Mason
City men want to meet with a COM
mittee from this city. 1t is believed
that good deal of Mason City capital
would be invested in line in this city
if it had the opportunity.
Mr.. Andrews is in receipt of letter
from Edward P Burch, the Minneapo-
lis engineer, saying that a capitalist
of that city, had called his attention
to dispatch in the Minneapolis Jour
nal from this city relative to the new
move for street car line and saying
that he had $500, 900 that he was ready
to invest in the enterprise. Mr.. An
drews today referred this letter to s.
Wilhartz, as being the very thing that
his company had been looking for in
the east.
Mr.. Wilhartz gives it out that he
will have important news to make |
public tomorrow, having received a /.
letter from A. E. Johnson of Mime !
apolis today.
Mr.. Andrews called meeting of the |.
board of trade committee for this |
to talk over the proposition |
made yesterday afternoon by Mr.. Will |
hartz, as already published in the Free !
Press. He does not think that the COM |
mittee will consent to ask the council !
for an extension of the old company's /
franchise.
Mr.. Andrews is of the opinion that |!
as soon as the present franchise ex-
pires, several parties will come for
ward with offers to build the road. |
These parties do not like to show their |
hands while the present franchise is i
in existence and could act as a stumb-
ling bloc to their plans, if its owners
were SO disposed.
1t is not likely that anything more
will be done this week looking to the
formation of new company, as it is
the general desire that the present
franchise be out of the way.
Not much confidence is felt by the
public in the ability of the cid COM
pany to float its bonds, and if it does
not take the position of an obstruc-
ZIONIST there is disposition to treat it
fairly in the matter of the purchase
of any valuable assets which it has.
This can be done as we'll af ter the
franchise expires as before.
Mr. Andrews has received another
letter from the party who desires to
build an electric line from Mankato to
st. Paul, expressing his regret that
such line is not favored by Mankato
people. He did not think that it
would prove detriment to Mankato
business interests, but says that on the
contrary such roads elsewhere have
proved beneficial to the smaller towns
that are connected with the large
cities.