Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1904-09-02
Rumors Afloat That Edwin
HawleyWill Build Terminal
System at Des Moines
OTHER ROADS MIGHT JOIN HIM
The HubbeI Terminal System Alleged
to Be Charging Exorbitant Rates
and Number of Trunk Lines Would
Like to Secure Competing Concern
in That City.

! Des Moines Sept. ACTIVITY on the
part of the repres entatives of Edwin
Hawley, the new factor in Iowa rail-
road circles has started many rumors
afoat. One report is to the effect that
Mr.. Hawley will convert the Des
Moines &, F't Dodge entrance to Des
Moines into general terminals to COM
pete with the Des Moines Union. An
pleted a little coup in which they have
practically secured control Of the stock
of the M. e st. L., Hawley selling freely
| to raise money to purchase the Des
Moines & Ft. Dodge and that they may
GUST him from the line.
| Some local officials place consider
able credence in the report of estab-
fishing new terminals in Des Moines,
| the only question being as to whether
Hubbell has long term, exclusive con-
| tracts with the various roads now us
ing the Des Moines Union trackage.
| They claim that a large portion of
the money paid for the Des Moines &
Fort Dodge must be realized from the
| terminals in Des Moines The road
owns considerable right of way into
West Des Moines and also across the
river, to Third street in East Des
| Moines.
1t is said that Mr.. Haw1ey has made
overtures to the Great Western anf.
Milwaukee to organize stock con,
pany and build new terminals. The
roads have long been complaining OF
the exorbitant rates charged by the
Des Moines Onion. 81 per car, in and
out of the city, and 50 for each engine
No action has been taken yet, altho
it is known that considerable invests
CATION has been made relative to prop
erty that might be used and it is said
OPTIONS have been secured on several
tracts.
Claim Rock Island Retaliation.
Little faith is placed in the story OF
the Rock Islands coup on the Mime
apolis & ST. Louis. There is posi-
bility it may be so. The Rock Island
using 1t as a leverage to compel Haw
ley to grant them certain concessions,
but they have little use for the Min
neapolis & ST. Louis. as their own lines
reach all the points of Importance
reached by the Minneapolis & ST. Louis
The story is that Hawley was hard
pressed by i'll luck in the Sully cotton
corner last spring and sold large
block of Minneapolis & st. Louis stock
to some OF his friends. Again when 1T
was necessary to take over the Des
Moines & Ft. Dodge he converted more
Minneapolis & st. Louis stock into cash
placing 1t among friends, with the I'M
Outstanding that he was to control the
road. The. plan was good one to rails
the ready funds. but 1t may prove hi.
undoing.
The Rock Island has been on the
trail of Mr.. Hawley and his fellow
broker, Edwin Hooicy for a couple
of years, since the latter secured con-
troll Of the Des Moines & FIT. Dodge.
Learning of Hawley's action with Min
neapolis s. ST. Louis stock, they sent
secret buyers forth and purchased all
that could be bought, at a slight adj
vance over the figures Hawley had sold
it,
Now they are ready to use this as
club if MIR. Hawley refuses to bow to
their guidance.
This is the story as it has reached
local railway men, and as it lacks con-
firmation, it may be but another of the
many unfounded rumors regarding the
road.
Little has developed in the negotia-
lions between the Rock Island and the
Minneapolis & st. Louis as to traffic
agreement The Rock Island has in
structed local officials to get everything
in readiness to turn the line over to the
MINNEAPOLIS & st. Louis January l.