Audubon County journal. (Exira, Iowa) 1884-1993, 1907-11-14
A RUSHING BUSINESS
A. N. & 5. Railway Company Buy
Locomotive Attorney FollettRe-
tained down Site Troubles
Money Rolling In
From Weekly Democrat

Money Rolling In
From Weekly Democrat
The A. N. & S. Ry Co. has been
experiencing a good deal of diff
Guilty in finding good second
hand locomotive to use in con-
struction work and afterward in
freight service. The trouble has
been that the railroads are all us
ing all the equipment at their COM
mand and are loathe to part with
any of it. Several offers of locomo-
tives were investigated by the com.
mittee, the latest being one in Om-
aha which Directors Stier and Sim.
mons, accompanied by Engineer
Judd and Frank Lumsden inspect
ed on Monday and found no good.
Last night, however, representa-
tive of Jas. I. Gardner of Chicago
came here and contracted to deliver
a locomotive by the ninth of Nov.
guaranteeing it to pass inspection.
The locomotive is at Terra Haute,
Indiana and will be started on its
way here today. As soon as it
arrives, 1T will be put to work on
construction and will be kept busy
until the road ia completed. The
cost, $4,000 makes it big bargain.
Retained for Attorney
The board of directors of the A.
N. & S. at their meeting last Satur.
day night voted to continue w. A.
Follett as attorney for the company
for another year from November
1S. Mr.. Follett has given to the
legal work of the company such
excellent service that there was no
dissenting opinion when the mat
ter came up. There is world of
work for an attorney to do in build
ing a railroad and thousand
things constantly arising which
require legal knowledge and action.
In all of this work, PR. Follett has
proven himself invaluable and his
reelection, while compliment to
him, is also an evidence of business
acumen on the part of the board.
Town Site Not Agreed On
The board of directors at it's meet
ing last Saturday night continued
the committee appointed the week
previous to Investigate and report
on the proposed Gray school house
town site. This site is eight miles
! out from Atlantic and is partly On
the Heiken and partly on the Peter
cen farms. The committee is of the
opinion that the applicants should
pay for the eide track, for the depot
buildings, and for the stock yards
, and in addition that the owners of
the land should pay the company
at least Is per cent of all money de-
rived from the sale of town lots for
twenty-five years, or even longer.
Frank Smith and the people in
his neighborhorhood are also ap.
plicants for station in opposition
to the Gray school house PROPOSE
ton. They say that they are in the
fight to stay to the finish and that
they are willing to pay the price,
which is estimated at about $4,000.
The committee, composed OF
Directors Simmons, Peterson and
Chase, will continue to wrestle with
the matter.
noney Is Rolling In
Much to the qualification of the
board of directors of the A. N. g. S
Railway and helping largely tc
solve the problem of getting the
needed money to finance the com
pletion of the road. A good many
of the subscribers to the stock Of
the road are responding to the
special sent out by Treasurer Mes.
Dssenger ten days ago and are paying
1.-THE last fifty per cent assessment in
Vadvance. Most of this money il
coming from the north but some OF
lit is also being paid in Atlantic
Enough of it is promised to enable
us to state that there will be nc
delay in the work of completing the
road, and that it is expected te
have it ready for use on schedule
time.
Have Paid $4,000
The trustee of the stock of the A
+ N. & s. Rv. Company, in accord
ance with the provision of the loan
for $48, 900 made at the beginning o1
the work, has paid $4,000 of tha,
loan, thus leaving only $4,000 due
IN it at this time. More of it will be
AIKEN up as the collections are
nade, the agreement being that g
seertain percentage of the 25 pei
lent and of the so per cent aeeess
saents should be applied to ite
3quidation, all of which goes tc
Srove that the A. N. & S. board ol
frectors are meeting all of the
MPligations of the road as they fall
#he, notwithstanding the financia
@Fess of the present time.
aIEbbe Hansen went to Des Moinel
Ehesday evening returning Thurs