The daily Gate City. [volume] (Keokuk, Iowa) 1855-1916, 1908-10-28
MATER POWER
fund DIVIDED.
twenty Thousand Dollars is Dis
trlbtued Among the Stock
holders and the Two
Cities.
-@- ~-~r,
Their WORK REWARDED
unanimous and Harmonious Action
Last Evening When the Old
Company Met For the
Last Time.

The committee representing the
tockholders of the Keokuk and Ham.
uton Water Power Company called q
meeting of said stockholders to meet
ii the State Central Savings bank.
Keokuk, Iowa, at. 1870 p. M. October
Nth, 1908.
Mr.. A. e. tombstone called the
meeting to order and was duly chosen
chairman of the same. Mr.. R. R. Wal
lace of Hamilton, Illinois, was chosen
secretary. The roll was called and it
yas found that of the twenty-five
stockholders, there were present in
person twenty-five, to-wit. Messers.
n. W. Huiskamp, John H. Cole, T. f.
Baldwin, Wells M. Irwin, B. P. Taber,
bulge William Logan, s. r. Parker,
r. ". Davis, ]. F. Daugherty. G. R.
10y, R. S. Gordon, John 1. Spence, ].
B. We'll, C. P. Dadant. James Cameron.
b. ]. Ayres, A. e. tombstone, R. R.
Wallace, D. A. Collier, Major w. B.
Collins, William Ballinger, and
Mrs. John N. Irwin. There
we're absent three. to-wit: Messers.
l. A. Hamill, c. H. Albers.
and W. ]. Roberts. Mayor strimbacl
vas present representing the city of
Keokuk
The chairman requested Judge Log
On to make a statement to the stock
holders of the acts and doings of the
committee since their appointment.
April first, 1905. Judge Logan said:
Your committee, consisting of
John N. Irwin, William Logan, C. P.
Dadant and A. E. tombstone, appoint
ed your proxies, attorneys and repre-
sentatiyes by an instrument dated
April list, 1905, beg leave to report
that on the 18th day of September,
1905, they entered into a contract
with Hugh L. Cooper. agent. repre-
senting what was styled the Toronto
syndicate, by which contract they
gave Hugh l.. Cooper, agent, an option
until September 18th, 1907, to pur.
chase the stock, franchise and prop
critics of the Keokuk and Hamilton
Water Power Company for $4,000.
During the year 1906, Mr.. Cooper
aid a vast amount of work on this
project, had two corps of engineers at
work, made detailed survey of the
Mississippi river from Keokuk to Bur.
llngton, and organized a land depart
nent which obtained a great many
options for different pieces of right
af way.
Prior to the 9Th day of July, 1907,
he Toronto syndicate notified your
committee that they would not ex-
ercise the option granted to Hugh l..
cooper, their agent. On the Sth OF
July 1907, the committee entered into
second contract with Hugh l..
cooper personally, giving him the
same rights as were given in the CON
tact of September 18th, 1905. max
ng the time OF it's expiration Deem
Der s1st, 1908.
In the meantime, Mr.. John N. Irwin,
member of this committee, had died.
AZ the powers granted by you ran to
ae committee as whole. the sur
'fors or survivor, the rest
the committee, consisting
William Logan. c. P. Da-
iaat' and A. E. tombstone, carried out
'0ur wishes as Indicated by the pow
~ gwen In the instrument of April
Is, 1905.
IN the goth of July. 1908, the CON
sscs Of July Sth, 1907, was extended
FEBRUARY 1st,, 1910. Mr.. Cooper
.ss exercised his right under this con-
.act and has paid to your committee
le sum of $4,000, according to the
s'ns thereof, and the stock assigned
your committee by yourselves un.
!, me authority of April 1st. 1905,
~ subsequently, has been turned
Nv, !" ana delivered to Hugh l.. Cooper.
!, - 'ne books, franchise and other
.,perlles have been delivered to him
r r.lsr the terms of the contract Mr..
w. mas obligated himself, In case
VS. failure to build the water power.
ss.a.hg to the provisions of the
Pow 1sn'se granted by the United States
Eminent n.y., to pay this committee a
g., ,s'i sum of $4,000; and further he
y. W pledged himself not to ask of
psn sr OF the cities of Keokuk and
NJ. i'on any subsidy Of any kind in
h, wi committee feel that they have
,, 1e me best they could under the
htssa Instances and have acted in the
NM, ss's OF the stockholders of this
losa r1ns' whose stock has been dis
,omm VI, and in the interest of this
ts, a.unity which we all have repre-
Il, y lor so many years. The ques-
=. whether the water power will
~. 0e quilt is still unsettled. We
fn very reason to believe that it
h NC " definitely and favorably set.
boaa 'ain the next year. 1t may be
rxC