The Mankato free press. [volume] (Mankato, Blue Earth County, Minn.) 1879-1924, 1904-09-02
Members of the Company Ex-
plain the Matter.
Board Votes to Ask Council to
Favor Tub Factory.
Matters of Interest Considered
This Morning.
From Mondays Daily.

tended meeting this forenoon, Vice Pres
ident Pond presiding.
A suggestion was received from the
executive committee of the interstate
commerce law committee that commit
tees from all commercial bodies meet at
st. Louis Sept. Goth to talk over legis-
lation giving greater power to the in
terstate commerce commission. If any
member of the board intends to 60 to
st. Louis about that time he can probab-
ly have the appointment to represent the
board at this meeting, if it is held.
B. c. Taylor read a communication
from c. P. Cooper, manager of the tub
factory, protesting against the order OF
the council that the company be re-
quired to build sidewalk along the
Van Brunt street side of its property.
Mr.. Cooper said that he had ordered
Foreman Robb to close down the factory
last Tuesday, but had since telegraphed
him to continue running until the stock
on hand is used up, which will be in two
months. If the city kept on nagging the
company the factory would be closed
down. 1t had been hard fight with the
directors of the company to keep the
factory at Mankato. Mr.. Taylor said in
addition to the letter that he had been
informed by Mr. Cooper that it would
cost the company $1,000 to $500 more
a year to have to take the product of
the factory out across the walk than by
driving up to the windows as at pres
emit. The factory has not paid for some
time, but gives employment to many.
1t is only question of time when it will
be closed, anyway. Mr.. Cooper, is plac-
ing no orders for new stock. The COM
pany desires that the factory be located
in the timber section in the north part
of the state Mr.. Taylor moved that it
was the sense of the board that the
council be asked to defer the laying of
the walk until spring.
NJ. G. Willard thought that it would
be no hardship to the people living in
that section to go without the walk for
a while longer.
C. n. Andrews suggested that brick
walk might not interfere with driving up
to the building. He thought that the
additional expense that walk would
cause the company had been overstated.
A walk would improve the appearance
and be a convenience to the residents,
who consider that their property is
damaged anyway by the unsightliness of
the factory building.
H. E. Hance thought that the walk
was needed, and if the company is not
willing to build one the quicker the fac
tory goes the better it will be for the
city. The factory does large business,
and he did not think that the company
would care to move it. A small in
dependent factory at Waseca is doing
WELL The wood can be hauled cheaply,
and this is a fine territory for selling
the product. He did not object to lay
ing the mater over until spring.
The motion was carried.
Mr.. Taylor presented report for G.
NJ. Palmer that the Eagle Lake road
has been surveyed and that the next
thing is to get it graded and graveled.
1t might be that arrangements could
be made with the railroads to haul suit
able gravel if none can be found here.
The matter would be taken up at the
next town board meeting.
Senator Eberhart was called upon for
a report on the street car matter, and
said that he would like to answer some
talk on the street. He had no doubt but
that the eastern people mean business
and are able to do business. There is a
never wanted any money raised in this
city. The contract with the Municipal
Bond and Securities company that was
published in the papers shows that some
money was expected to be taken here
but the company never tied itself down
to any crtain amount. There should not
be any trouble in disposing of 5 $4,000 Of
stock in this city. 1t is intended to is
sue $4,000 of preferred stock, to beal
six per cent interest, the proceeds to bt
used in the first construction of the
read. OF course the company would b.
incorporate for more. but the common
stock would not be sold at present. i
has been arranged that the holders Of
the preferred stock are not to be liabl.
for the bonds, and this stock will sooI
be worth more than the bonds, as they
draw higher interest. Beyond the 500,
600 that it is expected to dispose of il
this county, the contractor will take tn,
balance. Local control will result, which
means that better material will be useC
in the construction of the road. If tn,
100000 is raised, work on the line vii
commence this fall. Mr.. Eberhart de
MED that the members of the compan,
expected to get anything out of the roa,
more than what they had paid in for ex
penses. All of the stockholders woul