The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1905-08-28
MONEY In SIGHT
!. . =, t,54
FOR A new Line |
SHORT LIME FROM DIES MONIES
ABOUT TO BE BUILT.
Promoters of Des Moines & Northern
Iowa Have Financing Deal About
Closed, and Are Figuring on Entry
into Minneapolis Decided as
Far as New Prague.

special to The Journal.
Des Moines, Aug. 28.-J. s. Emery of
this city, formerly with the Harris
Emery. Co., Iowa 3 largest retail store,
and promoter of the Des Moines & Nor
thern Iowa road, that he has about sue
ceeded in financing the proposition and
that active preparation may be begun
for active work in the field. r..
Mr.. Harris, who makes his home in
Des Moines and Marshalltown, organ
lied the company and submitted the
road proposition two years ago. Right
of-way was secured in several towns
between Des Moines and Britt, Iowa.
The plan stranded on rock when the
company was unable to get terminals in
Des Moines because the park board
served an in junction against use Of
river front ground. The matter was
still pending in Judge Conrad IS court
the judge died, and has never been set
tied. 1t is understood that Mr.. Harris
has an option until Jan. l, 1907, upon
terminals on the Des Moines Union rail
way with the Hubbell interests.
the scbeme e a agan 0W saiG Mr. en Ha rrso
- have recently had conference with
W. W. Lyons, the president, and the
plans suggested by Mr.. Emery for
financing the road have been submit
ted to. him and approved. The next
move in the proceedings is to get an
entrance into Minneapolis. The ter
minal lines there have not given us
such encouragement as we desired. We
can make longtime contract to en-
t ter the city over the Minneapolis &
st. Louis from New Prague, but this
proposition is not entirely satisfactory
to us. Another proposition, which I
am not at liberty to discuss, is now
in the hands Of business men in Min
neapolls, and we have not-heard wheth-
er it will be successful or not.
Part of Route Determined.
"Our route is practically decided
upon to New Prague, said Mr.. Har-
ris. 1--WE expect to go due north from
Webster City, in Iowa, thru Clarion,
Britt, Wells, Minnesota, GAINESVILLE and
on to New Prague. From that point
the direction of the line will depend
upon such terminal arrangements as we
can make.''
Railroad men in Des Moines have
faith in the proposed Minneapolis line.
1t is generally believed that there is
soon to be short route to Minneapolis.
Some Some believe that it will come thru! the
building north from Iowa Falls along
the route which is already located to
Mason City, and thence north. The
Iowa falls line from here to Iowa Falls
is already paying. e. -.
Either of the routes proposed will cut
the distance between Des Moines and
Minneapolis fifty miles and shorten the
distance between Minneapolis and Kan
sas City and St. Louis by just that
much
No inkling is yet given here Of the
moneyed interests that will back the
new Des Moines & Northern Iowa road.
Mr.. Emery, who is engineering the deal,
has considerable wealth of his own W.
W. Lyons, president of the organiza-
ton, is wealthy. He is president of the
Merchants and Bankers Insurance
company Of this city and has mining
and ranch interests in Mexico and New
Mexico.
7. K; Wilson, secretary Of the COM
pany, has had some experience in en-
gineering and promo g. j. H. Phil
lips, treasurer, is a substantial man, and
the offciary of the company, taken as
a whole looks much better than that Of
the ordinary promotion company.