Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1905-10-07
Union Traction Company Will
Undertake Building of
Line to Waterloo
PROMOTER BACK OF 1T
Prominent Citizens in Waterloo, Mar
shaIItown, Newton and Grundy Cen.
ter Organize Company to Build an
Interurban Road-successfu Pro-
moter Backed by New York Capital
Interested.

Articles of incorporation have been
filed in this county for the Union Trac-
ton Company of Iowa, capitalized at
100000, for the purpose of building an
electric railway from Newton to Wa
terloo thru Marshalltown, with its
principal place of business at Mar
'shalltown. The incorporators are D.
I. Denmead, l.. c. Norris, C. r. Speers
and r. A. Ely, for Marshalltown; J.
e. Sedgewick, George E. Lichty, w. w
Marsh and Frank j. Fowler, for Wa
terloo; Fred l.. Maytag and w. o. Nc
Elroy, for Newton, and Horace. Boies
for Grundy Center. D. 7. Denmead
president; J. E. Sedgwick, vice presi-
dent; L. C. Norris, secretary, and G.
p. LichtS treasurer.
sarily mean that the road is to be built
but it is a company organized for the
purpose of giving Mr.. H. l.. Smith, OF
Indianapolis, Ind, an opportunity to
build the road Smith is the promoter
who has built several inter-urbans out
of Indianapolis land he claims that
New York capitalists have promised
him that they will finance this road II
he will secure local aid in taxes, rights
of way and stock & subscriptions
amounting to 100000. The entire line
will cost more than $1,000,O00.
O. II Knn,v1atOn and r n C1OuSar
of indianapolis, have opened offices in
this city representing Mr.. Smith.
The local incorporators each SUBJ
scribe for one share of stock and con-
troll the venture during its initial
stages, but assume no further liability
than their one share each their APP
pearance being solely matter of pub
lie spirit in the Interest of their re-
spective towns.
Messrs. knowlton and Grouse will
undertake the securing of right-of- way
and stock subscriptions from the farm
ers and later per cent tax will be
asked from each city. 1t is expected
that the franchise granted the Mar
shalltown Interurban Company will be
transferred to the new company if the
promoters secure sufficient aid TO
make their venture a success.
The purpose as set forth in the arti-
cles is as follows:
"The acquisition by construction
lease or purchase of railways, inter-
urban or street railways; upon the
streets and highways Of any city or
town, or other territory within the
state of Iowa, and shall be the build-
ing eul1inninR and GENERATING a line al
electric railroad, single or double track,
from the city of Marshalltown, Ia, 10
Waterloo, Ia, and to build such ex-
tensions of said line from any of its
stations or points on said line, and IN
connection Herewith to acquire, pur.
chase, or to erect construct and MAIN
tain and operate gas and electric
plant for the purpose of manufacture
ing and generating for sale and COM
mercial use gas and electricity, one OF
BOTH
The company is also given power
to own, maintain, sell or dispose Of
said system of railways, or interurbar
or street railways, privileges, fran.
chises, and property or any part
thereof"
Prominent Men Here.
A meeting was held in this city Fri
day evening at which Ex-Governor
Horace Boies, now of Grundy Center
and Senator F. L. Maytag, of Newton
were present, also j. 3. Sedgwick, OF
Waterloo; W. o. McEhoy, a lawyer
of Newton, and H. S. Beckman, a
banker, Of Grundy Center. All these
men seemed enthusiastic.