Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1903-02-11

IL MARsHALLTowN CAPITAL
Younger Members of Commercial Club,
Representing Jobbers and Heavy
Shippers, Incorporate as MARSHALL
town Electric Street and Interurban
Railway company-objects and Plans.


Marshalltown, tapping contiguous ru-
raj territory as outlined at the recent
banquet of the Commercial Club, is
now an assured venture. The company
is one that will work for Marshalltown
first, last and all the time, and what
benefits are to be derived will go to the
retailers. jobbers and shippers of this
city. The Marshalltewn Electric Street
and Interurban Railway Company filed
articles of incorporation with Recorder
Evans today. Marshalltown is to be
the headquarters and principal place
of business, and the corporation is to
be in existence fifty years.
The incorporators OF the company are
among the younger business men of the
city. who are inters sted in the up
building of Marshalltown above all
other things, and vii, work to that end
In the promotion of the new electric
line. The incorporates are the direc-
tors OF the concern-Messrs. III. E.
Sloan, H. p. Densel, Charles Click, F..
C. VIII, George r. Estabrook, F. E.
Click and A. G. Click. The directors
held a meeting Tuesday night and
elected the following officers, who will
hold until the first annual meeting, to
be held the first Tuesday in January,
1904:
President-A. G. Click. d
Vice President-H. Il. Sloan.
Secretary-F. e. Click.
Treasurer-George r. Estabrook.
The objects and business Of the corr
poration, as shown by the articles, are
to acquire, construct and equip, main
tain and operate, at and from Mar
shalltown, Iowa, an electric street and
interurban railway. with such extern
sions and connections as may be neces-
sary to carry out It's objects and do
business in contiguous territory. and
as shall be deemed desirable and ex-
pedient. The line of road Is to be sim
gle or double track, and is to have such
sldings, switches, terminals and other
adjuncts as may be necessary to a
proper construction and operation. In
connection with tile railway project
the articles also call for the acquiring,
erection, maintenance and operation of
/, gas and electric plant, for the pur-
pose OF manufacturing and generating
for commercial use gas and electricity.
The authorized capital stock of the
companyi is $4,000, divided into $50
shares of 500 each. AT the directors
meeting Tuesday evening $1,000 worth
of stock was subscribed and paid up.
The plan is one which Mr.. A. g. Click
of the Britain Packing Company has
nursed for several years. or ever since
l. ftn or of n
nercial Club mass meeting and was
delegated to wait upon President Earl
ing OF the Milwaukee road with his
scheme. He got very little encourage
.ment from his interview, to be sure, but
the experience with interurbans in the
east and the demonstrated earning ca
pacity of the Story City branch OF the
Iowa Central have convinced him that
his project is a practicable one, and
can be financed when properly present.
ed. His first idea was of a plug steam
line to the Milwaukee. but the electric
line has now been evolved.
1t is the plan of the incorporators to
secure franchises from Narshalltown..
Eldora and Grundy Center. Mr.. Click
has in his possession the surveys that
the late G.. c. Gilman made for the old
Marshalltown & Dakota proposed line,
which surveys were made several years
ago at a cost OF some $4,000, and which
marked the best course for a line from
the Milwaukee road, thru Marshalltown
to Grundy Center With the franchises
procured men will be put to work Sc
curing two-year options on the right of
way. Then il the farmers exhibit the,
right spirit toward the enterprise and
the citizens are enthusiastically behind
it straight business proposition will
be placed before the people fo this city,
offering an opportunity for any Mar
shalltown citizen to buy all the stock in
the company he wants. 1t is proposed
to keep the stock in the hands of Mar
sha7ltown citizens, and thus control thu
road so as to prevent competing roads
from buying up control and choking off
the enterprise. The plans of the incor-
porators also provide for belt line Of
railroad around this city, which will
make all sites equally available as
manufacturing district. This enterprise
is planned as a business proposition and
will undoubtedly be pushed thru to
completion.
CHAPMAN GETS PREFERRED RUN
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