Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1903-05-28
F. w. Cherry Announces the
Sale of the Des Moines &
Southern to stickney
Price Paid by stickney IS Not Known,
But Cherry Is Said to Have Had Over
$4,000 Invested in the Scheme
Stickrey Buys The Road Personally
and May Sell It.


~ yesterday announced the sale of thu
Des Mcnes e Southern railroad to Mr.
\. b. s;tickney. 1t was commonly un-
Gerstood in railroad circles that Mr.
property TO the Chicago. Burlington &
| Quincy. Regarding this Mr.. Cherry
said he knew nothing. H.. stated, how
ever that the sale was made to Mr.
S,ickney personally and not 10 the Chg
cago Great Western.
| 1, is learned that Mr.. Stickney, Mr.
| Cherry and President Harris. OF the
10 met IN St. Paul q few days ago,
had dinner together and discussed rail-
/, that Mr. Cherry and M. Harris met in
| Chicago just prior to the ST. Paul con-
ference.
Yesterday Superintendent w. II. Hill,
of Burlington, who took the place OF Mr..
Bechtel on the o." was in the city and
saw MI Cherry and held long confer
ence with Mr.. T. n. Hooper, Mr.. Stick
ney's confidential agent in this section.
II the 20" should build The Des Moines
Il Southern. Mr.. Hill! who is q nephew
Of j. j. Hill, the magnaie of the Bur-
iington property, would superintend it.
1t is also commonly anderst TODD by
railroad men that Mr. Stlckney and j.
]. Hin are very close together, that they
have an alliance in terminal matters at
st. Paul and that they held long con-
terences in that city last week.
Mr.. Cherry declares that he could
have made perhaps $4,000 more than
he did on the deal II he had wanted to
dispose Of the property to the Rock
Island. lie said: Il promised the peo-
pie along the proposed line that | would
not dispose of it to the Rock Island I'M
Ger any circumstances and therefore
refused the offers of that road. Some OF
my friends advised me to take the Roci,
Islands proposition, but l declined Il
because l wanted to make my word TO
the people along the line good. l re-
gard 1t as q part OF my contract with
them and if the road. We're TO go to the
Rock Island the taxes which The people
have voted would be forfeited, for my
verbal contract with them was def
Mite"
Mr. Cherry declined 10 state how
much the road went for. II is known
that he had invested about 1000 in it.
This went for right -of-way and ex
penses. etc. The contract let to Gala
han Bros. & katZ, of Omaha, to build
the line was conditional. 1t WAS en-
tered into the day after the Sticllpey
offer to buy the road which Mr.. Cherry
finally accepted, and therefore the con-
tract was made conditional. However,
Mr. Katz was called to st. Paul by Mr..
Stickrey Immediately after the sale was
completed, and the contract was con-
firmed by him.
Mr. Cherry has been offered tiatter-
ing proposition to remain with the road
and to build it for Mr.. Stickney He
has not yet decided whether to accept
the offer or not. He has several plans
in view, some Of whish contemplate
very important railroad construction.
The thing about the sale to AR. Stick
ney that set the railroad people TO talk
ing was the fact that il was made to Mr..
Stickney personally, and not to the
Great Western Railroad Company. This
leaves Mr.. Stickney free to dispose of
the property as he sees fit. 1t was an
easy step to speculation as to the sale
of the property by him to the o." on
account of his intimate relations with
Mr.. Hill, Of the Burlington.
Mr. Cherry understands that the road
will be built, tho sold by him to Mr..
Stickney. He expects it not only TO be
built as far as Greenfield. from Ida
on the Great Western south of this city.
thru Winterset, but to be extended on
thru the former exclusively 20" terri
tory in southwestern Iowa.
In case the Rock Island should ac-
quire the road from the 20" or Mr..
Stickney. Mr.. Cherry believes that
parallel line would be promoted !mme-
diately, and this line would not stop at
Greenfield, but extend on southwest in
the direction which it Is supposed that
the Des Moines & Southern, whether
bought by the Great Western OF not,
would take.
If Mr.. SStickney holds onto the road
ii would be extended to he southwest
IL either the O. or the Rock Island
got hold of 1t, the line would stop at
Greenfield, for there Is vel! understood
to be an understanding, if not a con-
tract. between the 20" and the Rock
Island With respect 10 dividing up the
territory between the two trunk lines.
MARShALS' CLUB LAW.