The Mankato free press. [volume] (Mankato, Blue Earth County, Minn.) 1879-1924, 1905-12-08
All Other Officers Are Held in
Their Places.
Annual Meeting Of the Directors
Held Yesterday.
Financial, Other Conditions Said
to Be Satisfactory.

At the annual meeting of the direc-
tors of the Duluth, st. Cloud, Glencoe
& Mankato road, held at Glencoe yes
terday President Reed and the balance
of the officers were reelected. Accord
ing to reports which have emanated
from the meeting, the financial con-
dition of the company and progress of
work were fully considered and APP
proved and it was made evident that
the conditions and prospects are alto
gether favorable for the success of the
big enterprise. Z. l.. Tobie of the
contracting firm is buying and paying
for the right of way as fast as possible
for the entire line from Albert Lea to
Mankato, except for an entrance into
the latter city, the route of which has
not been decided upon.
1t is not absolutely determined yet
whether or not any track will be laid
before next spring but every possible
effort to this end will be made.
Attorney Meighen was in Waseca to-
day to secure transcripts of records of
right of way in Waseca county.
The Albert Lea Enterprise of yester-
day gives some interesting information
in connection with the alphabet" road
'The activity of the chief directors,
frequent consultations, numerous east
ern trips, suspension of construc-
ton work and various other straws de-
signated the direction in which the wind
was blowing and led to inquiry which
revealed the fact that beyond certain
negotiations which must be concluded
on or before next Tuesday not even the
promoters themselves are sure of the
final outcome.
at is asserted by some that much
unnecessary delay has been INDUCED in
by Messrs. Tobie & Co., the contractors,
who are under $4,000 surety bonds to
complete the work between here and
Freedom by January LIST; it is also
claimed that Messrs. Blach & Co., the
sub contractors under Tobie & Co.,
have not yet secured their compensa-
tion for work done during September
and October and a possibility has arisen
that liens may be filed against the road.
Numerous other incidents give rise to
the apprehension that all is not just as
it should be.
"a shrewd guess has been made that
the Chicago, Milwaukee & st. Paul Rail
way company, are manipulating the
wires to acquire control of the alpha
bet" for the protection" of its own
territory and that this company is the
real power behind Mr.. Tobie and has
been steering the negotiations referred
to above and which may have been con-
Guided yesterday.
ut has been learned that as result
of frequent conferences a proposition
mas made about a month ago by the
"Alphabet" people to Mr.. Tobie in which
it was agreed to transfer to the lat
ter the entire holdings of the company
including right of way, road-bed, etc.,
for certain sum, which We are not at
liberty to state, that an acceptance of
the proposition was required to be made
within twenty days and payment of the
sum designated within fifteen days af-
forwards. The offer was accepted and
notice thereof in writing was only
filed with Captain Reed one week ago
last Monday. Within fifteen days from
that date if the money is turned over
to the "Alphabet" people the transfer will
be made and the new management will
come into control
"This period, however, will expire
next Tuesday and advantage of the
proposition will have to be taken before
that time.
''What the purpose of Mr.. Tobie's
move is can only be left to conjecture
but that the Milwaukee has inspired
the Negotiations, as claimed by some
parties in interest, appears to be rea'
sonable.
''The new road when so acquired
might be operated by the Milwaukee Oh
might be permitted to remain in inocu
Gus desuetude, in which latter case al
hopes of Freedom for railroad connec
tion would 60 glimmering.
'sThe next few weeks will therefore
be fraught with interest and close at
tention will be given to the movement:
of all interested in the new road"
Dead Man Identified.