The Oskaloosa herald., 1906-02-01
SPRINGFIELD AND
O'NE|LL ARE OUT.
sat- srock w oekAl oosA rRAc.
TioN A LieHr co,
oTruMwA PARTIES Bur sAMs
Gentlemen Are New Free 10 Devote
Their Entire Energies 20 the
Promotion OF the Oskaloosa
q BUXTON lntarurban.

.------
change has been made IN the
ownership and the business manage.
ment OF the Oskaioosa Traction a
Light company, Messrs Harry o'Neill
and ]. r. Springfield retiring from
the company.
Mr.. o'Nelll was seen in his Office
this morning concerning the deal and
thus explained the details of the
transaction.
Z" Yes, It Is true, b5th Mr.. Spring.
field and myself naye sold our entire
holdings In both the oskaloosa Trac.
ton e. Light company and the Con-
struction company to Saml Mahon
and j. b. Sax Of ottumwa. and II is
our understanding tn ls the other OF
tumwa stockholders in these compan.
les join them In the purchase. With
our holdings, we delivered our resig-
nations as president and secretary re.
spectively Of both companies and as
members OF the boards OF directors.
The last sale was negotiated in oma-
ha on Saturday, the 10Th inst, but
we did not feel safe III announcing It
as fact until the consIderation was
paid and the certificates passed.,
which did not occur In Omaha until
the 25th, and OF which was advised
today.
THE sale Is the result of the re-
Gently advertised attempt to sell at
auction the stock Of the Traction &
Light company held Ey the Construc.
ton company. Regarding this at.
tempted sale as unwarranted and IL.
legal, promptly enjolned II and was
met with counter injunction. Mr..
Wattles of Omaha volunteered his
services as an intermediary and re.
cefyed an offer for the purchase OF
cur holdings, which was accepted, but
thig offer was made good just as q
certain agreement 70 extend the OPP
lions involved in the ScullIn.FrancH
deal OF last June was made good. In
other words, II was not made good at
all. Further efforts on the part OF the
intermediary brought forth an offer
10 buy or sell at reduced price, this
time reduced to writing and backed
up by five thousand dollar forfeit.
Under this agreement Mr.. Spring.
field and myself elected TO sell and
the transaction was closed
what are your plans. for the fu.
ture, Mr.. O'Neill7"
"Mr. Springfield tells me that for
the present he will remain with the
ottumwa property and incidentally
attend to his duties as a director OF
the Oskaloosa e Buzfon, He IL one
OF the big operating men Of the coun-
try with an enyiable record OF results.
| regard 1t as a distinct compliment
10 be accepted by him as an associ-
ate and co.worker. ara the future
may see us on large property work
ing shoulder TO shoulder as we have
done On OskaIoosa, For myself, !
want TO see the Oskaloosa Il Buxton
financed and constructed When 1
tied up with this enterprise did
not enlist for three months or six
months, but for during the war
Having been relieved Of all embar.
ragsment by reason Of other interests.
I propose 10 stay by the enterprise
until II is successfully established or
until am relieved by the stockhold-
ers and directors ] must say, how.
ever, that have aeccTted In silence
a great deal Of critici5m, often harsh
and yituperatiye, because OF the mag,
nitude OF my private interests 80 large
Iy dependent on the successful termi.
nation OF the interuTban enterprise.
"In leaving the property desire 70
express my appreciation OF the gener-
Gus support the Traction and Light
Company has enjoyed at the hands OF
the business interests Of Oskaloosa,
and I regret that IT does not become
a home-owned instltnticn, operated In
the interests OF the community from
which II derives its revenues, a condi-
ton which endeayored TO bring about
on two occasions, but which now
seems more remote than ever before.
II also desire to make public acr
Acknowledgement Of the splendid SER
vice rendered the company and the
public by the employees OF the Trac.
tion and Light Company No more
faithful and loyal body OF men and
women ever enlisted ia the service Of
a corporation. sincerely regret that
I am TO be separated from them, for
time at least. but with few excep-
tons they win be welcomed and re-
gaFded az an acquisition 10 any proper
ty with which I am connected"
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The First Of the Season.