The Mankato free press. [volume] (Mankato, Blue Earth County, Minn.) 1879-1924, 1902-05-16
MankatO Free Press
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rpEE PRESS PRINTING co ,
EVERY FRIDAY.
One Dollar per Year in Advance
s1.5O il not paid in advanced
THE ELECTRIC RAILWAY.

There seems to nave peen muou
misapprehension as to the outcome OF
tbe meeting of the directors of the
Mankato and st. Peter Railway and
Lighting Co. Wednesday afternoon. and
there was little real cause for the furry |
which existed upon cur streets Thurs
day over the wild reports that the deal
was off. From all that the Free Press
Ia able to learn there was not much II
any real cause for the greater part OF
the street talk INDUCED in. The
meeting seems to have broken up
pleassntly when it came time for the
gentlemen who are to finance the deal
To take the train, and though they
NAV have been somewhat disapppoint-
ed that the contract authorizing the
sale of the bonds was not signed that
day. they left pleasantly and with the
statement that everything could easily
be closed by correspondence. VI
course it was generally expected that
the deal was to be closed up that at
ternoon, and the fact that it was not,
undoubtedly helped in spreading the
many reports which were in clrculs-
ton on the street Thursday.
Thursday evening the directors and a
large number of those who had sub
scribed' to the stock held a meeting
and matters were thoroughly talked
over, figures given as to the cost OF
the road, and the outcome OF it was
that the directors voted unanimously
authorizing the president and secre-
tary to Sign the contract for the sale
of the bonds, and it now rests with
the capitalists who propose to furnish
the money. It would seem that there
would be no doubt as to their agree
ing to it, as it is their proposal tina
has been accepted. The Director
have exercised much caution in TIT
consideration of the matter, and ar
to be commended therefor, and in tn
optract as offered by the capitalists
and which both sides have authorizes
executed, most excellent terms for tn
CITY and subscribers have resulted.
And now that everything is a
right and straight at this end of tn
line, the Free Press would impres
upon our citizens the Importance
complying with the very liberal term
of the capitalists at the earliest da
possible. The cash or its equivaler
of every dollar subscribed for, shout
be placed in the banks here by Ma
goth, so that matters connected wit
the construction of the plant and lii
may not be delayed a day. Ever
subscriber should be ready to meet Il
committee when it calls, so as not
unnecessarily delay it, as its Wol
will be arduous at the best
No move that Mankato has ev
made means as much to its grow
and prosperity as does {
building of street railway. Nothil
has attracted attention from the ii
mediate outside world toward US,
has this move, Mankato has alwa
been looked upon as good town, a
it has always justified that vie
With the naturalization of this
vestmment our city will be in sha
to move ahead as never before. All
needs is this modern equipment.
While our city has been extreme
liberal toward the new project,
must be remembered that we get mu
in return, and even though tn
may be differences of opinion as
what it may cost to put in the Il
and while the men projecting it n
realize handsomely on their ventu
what difference does that make TONI
kato, SO that we get what we want
upon most liberal terms? It will
tsinly be worth every cent there is
ii to Mankato and for that reason
again urge that there should be no
lay in meeting the terms of the fin
ciers and putting up the money 8
scribed.