The Oskaloosa herald. (Oskaloosa, Mahaska County, Iowa) 1885-1919, 1906-02-01
SPRINGFIELD AND
O'NE|LL ARE OUT
sElL erocK m oek A. oosA TRAc.
ron A LIGHT CO,
orruxwA PARTIES BuY sAMn
osntlsmen Are New Free 70 pevose
Their Entire Energies 70 the
Promotion OF che C)akaloosA
a Buxton intsrurban,

ownership and the business manage.
ment of the Oskalo1ya Traction "
Light company, Messrsi Harry o'NeiIl
and J. r. Springfield retiring from
the company.
Mr. O'Nclli was seen In his once
this morning concerning the deal and
thus explained the details OF the
transaction.
!" Yes, II is true, both Mr., Spring.
field and myself nave sold our entire
holdings In both the oskaloosa Trac'
ton ~ Light company and the Con.
struction company 10 SAINT Mahon
and J. u. Sax Of ottumwa. and II Is
our understanding the 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.
spcctiyely Of both companies and as
members Of the boards OF directors.
Tho last salo was negotiated IN omN
ha on Saturday, the 10th inst, but
we did not feel safe IN announcing IL
as fact until the consideration was
paid and the certificates passed,
which did not occur In Omaha until
the 25th, and OF which was adylse1
today.
THE sale II the result OF the re-
Gently advertised attempt 10 sell at
auction tho stock OF the Traction n
Light company held by the Construc.
ton company. Regarding this az.
tempted sale ag unwarrantcd and II.
legal I promptly cnioincd II and was
met with counterinjunctlon. Mr..
watties OF omaha volunteered his
services as an intermediary and 70.
ceiyed an offer for the purchase OF
our holdings, which was accepted, but
this offer was made good just as Il
certain agreement 20 extend the OPP
lions involved In the Scullin.Franc@
deal OF last June was made good. In
other words, IL 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 10 writing and backed
up by Ave thousand dollar forfeit.
Under this agreement Mr. Spring.
field and myself elected 10 nell and
the transaction wag closed"
what are your plans. for the fu.
turc. Mr. o'Neill7"
"Mr. Springfield tells me that for
the present he will remain with the
ottumwa property and incidentally
attend 10 his duties as a director OF
tho Oskaloosa & Buxton. He IL one
of the big operating men Of the coun.
try with an enylable record OF results.
| regard II as a distinct compliment
70 be accepted by him as an assocl'
ate and co,Worker, ara the future
may 500 us on large property work
ing shoulder 10 shoulder as wc have
done On oskaJoosa For myself, !
want 10 SEQ the Oskaloosa n Buxton
financed and constructed When
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.
rassment by reason OF other interests,
I propose 10 stay by the enterprisc
until II Is successfully established or
until am relieved by the stockhold'
crs and directors must say, how
ever, that I have aeccrted in silence
great deal OF criticism, often harsh
and yituperatiye, because OF the mag
nitudc OF my private interests 10 large
~ dependent on the successful termi'
nation OF the intcrurban enterprise.
I'm leaving the property desire "a
express my appreciation OF tho Gener'
Gus support the Traction and Light
Company has enjoyed az tho hands Of
the business interests OF oskalooea,
and regret that II does not become
home.owned institution, operated IN
tho interests OF the Community from
which II derives us revenues, condi'
ton which endeayorcd 70 bring about
on two occasions, but which now
seems more remote than ever before.
II also desire 10 make public &C
Acknowledgement Of the splendid ser.
vice rendered tho company and the
public by the employees OF the Trac
ton and Light Company. No more
faithful and loyal body ~ men and
women ever enlisted ia the service Of
a corporation. sincerely regret that
I am TO DO separated from them, for
time ut least, but with few excep'
tons tiley will be welcomed and 70
garded ais m acquisition 70 any proper
~ With which am connected"