The Mankato free press. [volume] (Mankato, Blue Earth County, Minn.) 1879-1924, 1902-05-30
STREET RAILWAY
Nothing Particularly Important
Develops Today.
Weed & Williams Dissolve Partnership
and Mr.. Weed Succeeds to
the Business.

There is nothing new today regard
ing the movements of Messrs. Collins
and Williams, who are in Chicago.
Officials of the street railway company
expect them to arrive in
Mankato tomorrow or Monday.
1t is believed that they
and Mr.. Wehrley are arranging for the
purchase of machinery in Chicago, and
that all three will arrive in Mankato
together, possibly accompanied by an
engineer.
Mr.. L. P. Hunt today received let
ter from Congressman McCleary,. en-
closing draft for $500 in payment of
his subscription toward the construc-
ton of the electric railway and light
ing property. Mr.. McCleary says: 81
sincerely trust that the brightest an
ticipations of those who are pushing
this enterprise will be fully realized. "
A special reprot received in this
ity from r. @. Dun MS commercial
agency, dated May 10th, says that
Weed & Williams commenced business
at New Haven, Conn, Jan. LIST, and
that Mr.. Weed represented the capital.
Recently the firm had dissolved, Mr..
Weed succeeding to the business.
A telegram from Boston, .signed by
one T. P. Peyer, containing similar
information, was received by the Daily
Review this afternoon. Who Mr..
Peyer is could not be learned. neither
was it learned why he had sent the
telegram. He advised that the present
negotiations be delayed.
President Hixon, of the street rail
way company, on learning of the com
mercial report. telegraphed to Mr..
Collins for information in regard to
the matter. Mr.. Williams is believed
to be in Chicago with Mr.. Collins.
Up to 4 90 p. m. no reply had been
received.
It is learned that Weed & Williams
were rated at $4OO, 600 to $500, 600.
Mr.. Weed year ago was reported as
having over $3.50, 600 in government
bonds. The firm was financing steam
railroad in New Mexico, 6fty-three
miles long.
+" Mr.. Williams is said to have been
resident of New Mexico until recently
His financial standing is not rated II
the commercial reports, but it is be
Iieved that he must have <money OF
Mr.. Weed would hardly have taker
him into partnership.
Mr.. Weed is a gentleman sixty-tws
years of age.
It is believed that the dissolution
of partnership must have occurred
sometime between May 10th and 18th
as Mr.. Williams signed the contract IL
Chicago on the former date. Sr.
Williams all along purported to repre-
sent Weed & williams. and signed
papers for Weed & Williams. That
the officers of the street railway com
pany were not notified by him orsM
Collins of the change in the hrm II
considered something remarkable.
Mr.. Weed is amply able to carry or
the enterprise.if he is under CONTRACT
to do so. If not, then Messrs. Will
liams and Collins have undoubtedly
arranged for the necessary capital
The construction company with which
Mr.. Wehrley is connected is strone
one, and undoubtedly understands tina
matters are all right, or it would no
have gone on with the deal as far as i
has.
Messrs. Collins and Williams have
spent much money and time on thu
enterprise, and will undoubtedly carry
out their part of it.
| All that has been learned in this cit,
is tie mere fact that Weed & William
have dissolved partnership. If TIT
Mankato enterprise had not been takei
/ care of, Mr. Williams would undoubt
eddy have informed the street railwa.
company that the deal was off. In
stead of this, he seems to be goins
ahead as was agreed. and thus far no
even any unnecessary delay has mani
tested itself Undoubtedly, Mr.. Col
Inns will set the whole matter RICH
when he is heard from.