Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1904-02-19
j. G. White & Co., of New
York Make a Proposition
to the Company
TERMS ARE VERY REASONABLE
Details, However, Will Not Be Made
Public Until After II Meeting of the
Officers and tockholders-General
Manager E. A. Ferrir Arrive. Home
From New York.

Eastern capitalists and railroad pro-
motors are interested in Marshall
towns line OF interurt,an railway Fur
therInore they consider the plans OF the
company feasible ana favor them. So
interested in the project are j. q.
White. & Co, OF New York, one of the
largest firms of constructing and fl
nancing engineers In the country, that
General Manager f. A. Ferrin. who
York. after months stay in the east,
brings with him definite propositions
from the firm, which will be submitted
TO the directors and stockholders at a
meeting to be held soon. Until this
meeting; however, the details of the
proposition will not be made public,
Mr.. Ferrin preferrlny to have action
on them before the announcement IS
made.
Mr.. Ferrin has been spending his
time In New York, Philadelphia and
Boston, and has consulted the leading
firms of railway constructors in each
OF those cities. The general dispose
ton and feeling he found to be hopeful
and buoyart, and all of the firms are
taking on new work in different parts
of the country. Difficulty in financing
good propositions is not to be found.
and general feeling, of interest was
discernible among the financiers IN
what is known among them as the
Iowa situation" from an interurban
standpoint. Most of the companies are
Investigating one or more of the var
ious propositions In this state at the
present time, and in some cases as did
j. C. White & Co. here, by sending a
representative. in the person OF
commercial engineer. to personally In
spect the premises.
Mr.. Ferrin found, in talking with the
constructing engineers. that the situa.
ton In Iowa, from a standpoint Of
population, is even worse than II ".
in Ohio when the work of interurban
building was begun there fifteen years
ago. The towns are not as large as
were found in Ohio, and the distances
between them are greater. All recos-
nize the fact that at the time the work
in Ohio was begun. 1t was thought the
distances between the towns were too
great, and 1t was generally considered
that the lines would never pay. 1t has
been found that they have and do pay,
and for that reason the eastern capl-
talists are inclined to be q little more
liberal in their views as concern the
situation in Iowa.
General interest among all builders
Is taken in the question of freight
haulage by electricity. They recognize
that the conditions in Iowa are ideal
for the development OF that part OF
interurban business, even tho 1t IS
largely experimental. Without excep-
ton they stated that IT would be abso-
lutely essential for the people OF Iowa,
who would be directly affected by the
construction OF proposed interurban
railways. to take an equity In the
and assist in working out
the problems OF electric railways under
the adverse conditions that exist In
this state. II the people will take a
equity in the property,
joining the eastern financiers In good
faith, the problem cen be solved and
railways constructed IN
Iowa; otherwise II will be impossible,
for the reason that eastern capitalists
will not assume the entire responsible
ity themselves.
MarshalItown Line Possible.
While Mr.. Ferrin did not wish to
commit himself upon what his views In
the matter were at the present time II
could be seen from his conversation
that the proposition he carries from J.
G.. White & Co. makes the Marshall
town Electric, Street & Interurban
Conrpany's line a possibility
providing the public will assume its
share of the responsibility. Co-opera-
ton between those interested locally,
the farmers and the business
men of the different towns along the
Inc who will be benefited. will be nee
sssary. From now on it will be cam
,aign in which all must pull together
'or q common end. The public must |
AXE personal interest in the road |
md that. from the sentiment already |
IL is anxious and willing 10 /
10. That end attained an inteIurban
,ut of this city. touching rich farm
ng country and good towns. is as
'ured.