Mexico weekly ledger. (Mexico, Mo.) 1855-1956, 1908-10-15
ELECTRIC ROAD
IN GOOD SHAPE
NEW COMPANY BEHIND. MEXICO,
SANTA FE. PERRY TRACTION,
COMPANY OF MISSOURI HOLDS
IMPORTANT MASS MEETING AT
COURT HOUSE TONIGHT.
NO Donations Asked-Nsw Com
pany Desires Stock Purchase TO
Complete Grading and Then Land
Can Be Sold to Eastern Capital. /

| The Mexicp Perry Electric railroad
Company is IN tine financial condition
When The road is cOmplettd the cost
" operating the cars wi | be about
four Cents per car mile acd IL is be-
lleyed the road will pay handsomely
from the start. Mr.. Rockwell stated
tnat u would rqulre thIrty-6ve or
forty thousand TO c inplete the grad
ing and that when sixty thousaod dol
lars or more was paid 10 Oh improve
menls bis iirm would buy the bonds
and the road woul1 be completed.
The company presen' ed a plan to
raise seventy five Thousand dollars on
The condition that three hundread
Thousand dollars OF It's stock shall be
sub cribed, by solvent persons, at not
less tnan la OF the par value there.
for upon the condition that the COM
paDy shall contract OF the sale of its
bonds, sufficient In amount, together
with the proceeds received or to be
derived from stock sales or contrlbu.
liols to build the line, and II neither
Of the above conditions are complied
with, the subscriptions for stock shall
become void. This plan practically
guarantees the road as it as we'll
known fact that the bonds can be solo
when Iight-of-way are secured and
grading completed and With the
amount above stated the company will
complete the grade aud have sufficient
working capital to build and operate
the road, the bond sale having already
been arranged as stated.
At. The last meeting Of tue Mexico
Business MEMS Association a resolu-
zion was offered by r NJ White, sec
1nded by George Robertson, TO approve
the plans offered by the electric COM
panY aud that 1t be the sense Of the
meeting TO do all it their power to
assist In raising the necessary amount
VI MONEY Itwas proposed that the
company offer TO those who had pre-.
ylously subscribed to the ten Thousand
dollar guarantee fund, to be paid when
the ruad'was completed, stock in the
company for their donations, and that
where IL was possible to do so, that
Ghe contributors 10 this fund, sub
scribe at least double the amount,
which they had previously signed upI
TO pay, and take stock as stated for
The amount so that the money could
oe used for building purposes IL was
thought that stock as Is now arranged
viii pay handsome dividends and the
line TO Columbia will make 1t very
valuable piece OF property.
The company has paid out about
forty Thousand dollars. IL has nearly
1-3 Of the grading done, right OF way
twenty live miles long with two pro-
perty exceptions-franchses for Mex
leo aud the counties uf Rails, Monroe
and Audrain, and the shares OF stock,
outstanding al s25 O0per share, an punt
10 only $50. 475, and it still holds for
sale the balance OF the original capi-
tal-6,921 shares, OF the par value on
one hundred dollars.
The matter Of the reorganization
was gone over and approved and reso-
luton was passed at the meeting ap-
proving the plans and the method Of
securing additional funds to complete
the project as stated above. A mo-
tion was then made to call q mass
meeting of the citizens to be held next
at the court house and the secretary
was instructed to invite citizens of
Moiino, Santa BE and Perry and those
llvlog along the line to be present.
The company announced that
the grading mad all been paid for and
and the plans of the company and its
books are open to the inspection of In
terested persons This means much toI
the people of Mexico and great efiorl
will be made to secure the line. 1t
was the general opinion that tbe road
would open up very excellent coun-
try aud be great benefit.
The mass meeting will be at 1880
O'Clock Friday, October, 9th at tue
court house. All interested persons
are requested to attend, DR.. Daggett
Of Boston, representing one OF the
rust companies Of that city went over
the road last week and Mr.. RotKweli
who is engaged with Mr.. Daggett as
consulting electrical land civil engi-
neer said at the last meeting, our
company is willing and ready to ad-
vance the money when the grading
has been completed"
Mrs. G S. Andrew and little son
have arrived from Illinois TO reside
Mr.. Andrew is American Express