The Mankato free press. [volume] (Mankato, Blue Earth County, Minn.) 1879-1924, 1902-05-09
plant a satisfactory guarantee would

plant satisfactory guarantee would
be made.
Mr.. Pond said that the subscribers
would put up their money, but they
want to know that the constructionsot
the plant will be begun within four
months. If not, they want to go on
with other plans
Mr.. Collins said that he had carried
out his part of his proposition to the
letter. He had gone way down east
and had brought back with him CAPT
talists who would build the road and
lighting plant if Mankato carried out
it's part.
Mr.. Meyer said that, on account OF
the franchise and lighting contract,
bond should be given by Mr.. Collins
or his people to secure the city, 80
that a lot of time would not be vast
ed.
Mr.. COLLINS replied that that was
what they were here for.
Mr.. Clark said that he would favor
insisting on bond being given, or
dinarily, but that Mr.. Williams, rep
resenting Weed & Williams. bankers,
of New Haven, Conn, would during
the afternoon make guaranty for the
fulfllment of the contract. If they
fail to carry out the contract, the
company would have recourse on
their guaranty. The directors would
meet in the afternoon and pass on
what guaranty would be required.
Mr.. Eixon said that no doubt any
bond company would furnish bond
in view of the high standing OF the
parties. The board of directors would
not accept any contract that wes not
guaranteed satisfactorily.
This was satisfactory to all and the
meeting adjourned.
Owing TO the attitude of St Peter
toward the interurban railway propos-
ition, a move is on foot to substitute
Henderson for st. Peter in the con-
tract, end to build the line to that
city. This would result in the city
being in touch with the territory on
both sides of st. Peter, while the line
would skirt around that place and
leave it as isolated as it is now and
without the trade that would pass
over the electric line from its terri
tory. st. Peter seems to be standing
in it's own light and it will take a
tumble when it is too late.
At Mason City the electric railway
line does a steam heating business.
The. exhaust steamr..is used for this
purpose except in very cold weather,
when....live steam is turned Unto the
pipes. The heating costs about the
same as fuel, but there is no dirt or
bother, and the heat is automatically
regulated so that perfectly even tenn
perature is maintained. -s.-s--
Such. system will SOON be started
in this city.@sby the street railway
company, as the exhaust steam is thus
turned into source of profit. s11an
| On Tuesday last A. Borneman sold
his property on the levee,s known as
the old Wainwright warehouse to F.
II. .Kneeland, of Mankato, who rep
resented himself as an agent for beet
sugar company. Mr.. %aKneeland also
purchasedssss75 feet from the st. Peter
Bottling Works adjoining the Borne
man property on the north.
There is considerable feeling in che
city thatsthe purchase of the property
is not for the purpose . of building q
beet sugar factory or creamery OF
cheese factory either, but that Mr..
Kneeland was the agent for the Man
kato and st. Peter Electric Railway
and Lighting Co. and purchased the
above named property to be used as
depot site.s..for the proposed electric
line. st. PeterssJournal.
President Hixon states that. thu
lighting plant to-. be erected will be
large enough for city twice the size
of Mankato.
The directors met at :45 and were
still in session at 4 30 with no results
A contract drawn up by Messrs
Collins and Clark was under discus
sion. as was also the ..matter of bone
or guaranty.
President Roosevelt has named 81
Clay Evans as consul general at Lon
don. This will stand as promotion
for Mr. Evans from the office of men