Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1907-01-14

Main and Twelfth streets to Boone
street, and then to q connection with
Third avenue, and an extension to the
fair grounds. this year, in 1907 II the
retail merchants association will have
voted to his company fourteen-year
extension of the present franchise now
held by the NJ. L., P. & R'y. Company
This guarantees that the lines VIII be
built and the improvements made with
in the city before the interurban Is
constructed and the tax aid can be
collected.
Mr.. Hamilton Browne has contract
with Jones & Hovey to take over the
property Of the NJ L., P. & R'y. Com
pany on March l, 1907, and will do so
provided the retail merchants associa-
ton does as 1t has contracted to do.
Browne Denies Report.
In letter to Mayor 1ngledue, from
Hamilton Browne relative to the cir
culation Of the report to the effect that
he had abandoned the proposed pur-
chase of the Jones & Hovey plant,
known as the Marshalltown Light,
Power & Railway Company, or local
street car line, electric light and gas
plants, Mr.. Browne denies absolutely
that there is word of truth In the re-
port. His letter to the mayor. under
date OF January Z, is as follows:
January Z, 1907.
Mayor @. L. Ingledue, Marshalltown,
Iowa-My Dear Sir:
II have letter from Mr.. F. e. Click
this morning in which he tells me that
Ia report Is being circulated In Mar
shalltown that the proposed purchase
by our company of the Jones & Hovey
plant has been abandoned. There Is
not one word Of truth in this report.
Under our contract we are not to take
possession of the properties until the
1st of March, and, so far as / know
there will be nothing to interfere with
the agreement being carried out unless
1t Is the delay that has already occur
red on the part Of the business mems
association carrying out their part of
the agreements, and the still further
delay that may occur in putting the
ordinances into the revised shape that
has also been agreed upon. These de-
lays might put us in position where
we would have to ask Jones & Hovey
to extend our time until April l.
think / made 1t plain to you and the
committee that until the tax aid Is
voted, and the ordinance amended, ]
was not in position to place my pro-
position before parties in the east for
the procurement of funds necessary to
not only close the purchase with
Jones & Hovey, but also an additional
amount ($171,oO0) for Improvements
and additions, and still further amount
necessary for the Melbourne line-es-
timate6 to be $351,000. In the aggre-3
gate we require about 100000, and
this amount has to be arranged for in
one lump sum and not in parcels.
When closed a final contract with
Jones & Hovey on November %, sup
posed that the tax aid and the ordi-
nance matters would be acted upon
and out Of the way before the LIST OF
January, but it looks now as tho 1t will
be at least the middle of February be.
fore final action will be taken on the
ordinances, and be put in position to
take matters up in the east regarding
the money needed as above mentioned.
I do not want to appear to be COM
planning at all, but the delays referred
to have been quite embarrassing to me
and may compel me to ask Jones &
Hovey to give US thirty days more
time. However, IL all possible haste
is used from now on by the associa-
ton, in closing up their parts Of the
between us, hope to be
all ready to take possession Of the local
plants by the list of March.
I'm regard to the new gas bench
which Jones & Hovey are adding to
their plant, that is all provided for
in our contract, and Mr. Evans gave
them the, necessary instructions as to
its construction.
II notice further in Mr.. Clicks letter
that you have some apprehension that
we will not care to avail ourselves Of
the agreed upon revision Of the sew
eral ordinances and that consequently
the local Improvements we have agreed
to make will not be obtained. / want
to assure you that every agreement I.
have entered into with you and the
business mems association will be car
ried out to the letter, and If on your
part, and the part Of the association,
everything is fulfilled as promised,
there will be no cause for complaint or
disappointment to anyone. have not
changed my position from the start in
any respect. The only changes that
have been made are those which have
come about thru my concessions. You
need have no uneasiness on the score
II we buy the Jones & Ho-
vey properties we will not do so before
the ordinances have been revised. and
when revised we will accept of them.
and carry out the terms to dot.
yours truly,
HAMILTON BROWNE"
Few Samples of Tax Cost.
A few samples Of what the special
y-y-0