The Mankato free press. [volume] (Mankato, Blue Earth County, Minn.) 1879-1924, 1902-07-04
WORK COM M ENCED
M. B. Haynes Engaged to Make
the Survey.
Under the Contract, Work Must Be
Carried On Continuously
Or the Zig Is Up"

J. H. Collins Saturday secured
the services of NJ. B. Haynes to COM
mence the survey for the street rail
way line. Mr.. Haynes is to commomence
work at the ground proposed to be
used for a power house, and will run
the lines in the city before taking up
the route to st. Peter. Mr.. Collins,
President Hixon and Director Knee
land had a consultation in Mr..
Haynes Office during the forenoon,
when the route to be surveyed was
laid out.
= The Pound Construction Co. cannot
get its. teams and.-.scrapers on the
ground for three weeks, as. they. ARE
now employed in Ohio. This company
has done great deal of construction
work, and is on friendly terms with
Fitch. & johnson, which has the COLI
tract for grading the. Milwaukee road s
Pennington. extension. Before coming
to Mankato, MIR. Pound arranged with
Flick & johnson. for. the use OF their
track. and dump cars. These will only
be. needed in places.
IA Mr.. Collins has paid down forfeit
on the purchase price of the property
bought yesterday of the Mankato- Lime
and Stone Co. for power mouse site.
The balance will be paid over as soon as
title an0 u trust deed are secured and
the company's stock has been issued.
The. property is located conveniently
for the delivery of coal by the railroad
companies.
President Hixon states that the con-
tract signed. by. Mr.. - Collins and the
ocffiers of.~.the Mankato and ST.. Peter
Railway and Lighting. Co. does not
require that. Mr. collins. put up a
bond. .sI his contract. will have to be
signed by Arbuckle Ryan Co., and Mr..
Collins. will leave this afternoon for
Cleveland, Ohio, to get their signatures
10 duplicate copy.
-. Under the contract, President Hixon
states that. work. must be commenced
not later. than. today. ands continuously
pursued, and. failure to carry on the
work for evenstwenty -four hours will
entitle.- the:..subscribers. to. go to the
banks. ands. get their money back.
Otherwise, 1.-The money is held in trust,
andsnone. OIL. he.subscribers can touch
it. 1.-The banks. will be responsible to
the.company for any money retui ned
to subscribers, in case the contract
signed. by..Mr. Collins yesterday is car
ried out. The banks have been in
structed. by their attorneys that this is
the. case. .s
President Hixon. does not see why a
bond should be required Of Mr. Collins
or sthe-. Arbuckle Ryan Co., as every
dollar that.they invest in the work of
construction is a guaranty that the
COuGTdCG Will NC CdIIlou UuG, anu Gu6
local company has nothing to lose.
=. A meeting of the directors of the
was held this afternoon at
Secretary Clark's Office. Mr.. Collins
stated what he had done to comply
with the contract, and said that the
work would be pushed continuously
and the railway line constructed.
The matter was talked over by the
directors briefly. A. G. Meyer did
not think that Mr.. Collins meant bust
ness or he would have purchased prop
erty on Front street for the power
house. He was not in favor of going
on with Mr.. Collins. Col. Widell ex-
pressed himself somewhat similarly.
Other directors thought that if Mr.
Collins was acting in good faith he
should receive support. Some others
did not express themselves either way,
out it was evident that there was an
under current of scepticism on the
part of majority of the directors,
which does not look favorable for Mr.
Collins.
An adjournment was taken until
at 8 a. M, when the matter
will he considered futher, and it will
be decided whether there has been a
with the terms of the con-
tract on the part of Mr.. Collins.