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

less than 800 K. w. capacity, also
converters of not less than 150 K. w.
capacity, to be arranged to operate
from the railroad generators for light
ing purposes. By this arrangement the
lighting capacity of the station would
be not less than 400 K. w. The switch
board will be of capacity equal to
the capacity of the generators and con-
vertors and to be of the latest design
for this work. There will be one sub
station located either at St. Peter or
Kasota. This station to have the Ca
pacity of not less TINA 600 horse power
and to be arranged for lighting pur-
poses, if desired.
The line construction will be OF the
cross suspension type in the city or
Mankato and of the bracket constrac-
ton from Mankato to st. Peter. 1t
will be equipped for a voltage OF
10. 900 for the lighting and rotary
station purposes and for 6OO VOLTS
trolley line, the entire construction to
be of the very latest type.
The street lighting of Mankato to
consist approximately OF twenty miles
of construction. The arc lights TO DE
OF the enclosed series alternating type.
THE ARBUCKLE RYAN CO..
BY E. J. Wehrly. /.
Mr. Hixon said that the cost and
equipment were yet to be determined
by the engineers. The conditions OF
the propositions made by Mr.. Collins
would be carried out, although bond
issue of about $500, 900 would be
necessary. 1t was intended to put il
lighting plant that would be large
enough to take care Of additions
lighting as the business ofSthe com
pany grows. This increased the cos
over the original ideas.
The eastern gentlemen, said Mr.
Hixon, were ready to enter into con
tract to finance the proposition, th'
contractcto be left in local bank, ant
the subscriptions to stock toabe collect
ed at once and deposited in the bani
and to remain there until the road il
completed, when the money is to bt
turned over to the company and ap
piled on the construction OF the road
Mr.. Hixon asked for suggestions ant
remarks.
A. E. Clark said that the contrac
to take stock had been signed by ovel
one hundred people. He considered
all the signers good, and thought tina
the subscriptions would be, paid in full
without any difficulty. The eastern
parties are strangers to the subscriber
and very naturally have asked tina
the subscriptions be guaranteed b!
either the directors or the bank, but i
was not desirable to do this. TIL
subscri ptions should nowbe paid in. Ii
this way, the eastern gentlemen will
know that the money will be.where i
can be had when needed. 1t had beer
suggested that the balance of $16, O0(
be used to take care of the first year.
interest on the bonds, if the company
desires. IL the net earnings the frs
year should be Sufficient to meet tn
interest, the money could be applied
to other purposes. The eastern gentle
men were ready to deposit a contrac
in the bank for the financing and con
struction Of the entire .proposi ton
The matter was now up to the sub
scribers.
A. g. Meyer said tina
some of the subscri bers that he ha(
gotten did rot want to pay at once
and he had told them that their mote
or checks would be acceptable.
W. D. willard said that the PROPOSE
tion had always been understood tina
the cash was to be paid in a bank, t.
be held in trust. Unless the banl
would take the notes, it would b
necessary for the, directors or som
one else to endorse them.
Mr.. Hixon said that there wa
nothing in the proposition about tax
ing paper or notes.
L. P. Hunt said that it was not a.
unreasonable proposition that the east
ern people know just how much the
can depend upon, and that the money b
placed in the bank, as subscription
are not always collectible. If tn
Maukato people are going to do bust
ness with the eastern people they wi
have to come to the scratch. He hope
that there would be NO possible hitch
What the strangers had asked of th
subscribers gave him more confdenc
that they would do as they hs
agreed.
G. D. Benack moved that the propol
ition of the Arbuckle, Ryan Co. be az
cepted by the company.
W. L. Comstock asked whether th
contract was to be accompanied by
guarantee.
Mr.. Clark replied that it was. I'll
local company would not accept til
contract upon any other condition.
Mr.. Hixon said that not cent {
money was to be paid over until tt
plant was satisfactorily completed
which would be guarantee in itself
A. G. Meyer thought that the,
should be a guarantee required on a
count of the lighting contract ,whit
the city had given. so as not to eau
delay.
Mr.. Clark said that the compar
has a contract with Mr.. Collins Fl
financing the road, which expir
June LIST. There would be no unnece
sary delay.
Mr.. Benack's motion was carried