Mexico Missouri message., 1908-10-08
ENTHUSIASTIC MEETING.
Proposition From The Electric
Company To Build Line From
Mexico To Perry Endorsed
By Business Men.

Mexico Business Mems Association
was held at the Court House Satur-
day evening. Considering the
short notice given, aud the fact
that the meeting was held on
Saturday night, it was we'll attend.
ed aud very enthusiastic. Mr.. s.
p. EmmOns, vice president of the
assocsation, occupied the chair,
and Rufus Jackson was tue Seere.
tary. Mr.. II. o. Rockwell. con-
sulting civil and electrical engineer,
and Mr.. &. o. Thon, the CON-
pauy's engineer, were present.
The Comp'y's financial condition.
their aims and purposes, were ex-
planned by Judge w. w. Bolts and
others. Mr., Rockwell stated the
cost of the rails, ties and equipment
aud went into detail in regard to
the probable freight aud passenger
traffic the road would have, basing
his estimate on the population and
the surplus products Of the three
counties, Rails, Audrain aud Mon.
roe. The cost of operating the
cars will be about 4 cents per car
mile and it is believed the road
will pay handsomely from the
start. Mr.. Rockwell stated that
it would require thirty.five to
forty Thousand dollars to complete
the grading and that when sixty
thousand dollars or more was paid
in on improvements his firm would
buy the bonds and 'hc road would
be completed.
Speeches were made hy Mcssrs
Fat Cullen, George Robctson,
Judge Bolts, Robert NJ. White,
Judge Matthias Crum and others.
The company presented a plan to
raise seventy-five thousand dollars
cn the condition that three hnn.
dred thousand dollars Of its stock
shall be subscribed, by solvent
persons. at not less than of the par
value therefor. upon the cond-
tions that the company shall con-
tract for the sale of its bonds, suf.
ficient in amount. together with
the proceeds rece ived or to be de.
rived from stock sales or cOntri-
buttons to build the line and il
neither of the above conditions are
complied with. the subscriptions
for stock fhall become void.
ThiS plan practically guarantees
the road, as it is a well known fact
that bonds can be sold when right
of ways are secured aud grading
completed and with the amount
above stated the company will com.
plete.the grade aud have sufficient
working capital TO build and oper.
ate the road. the bond sale having
already been arranged as stated.
A resolution was offered by h. NJ.
White, seconded by George Rob.
ertson, to approve the plans offer.
ed by the electric company and
that it be the sense OF the meeting
TO do all in its power to assist in
raising the necessary amount of
money. 1t was proposed that the
company offer to those who had
previously subscribed to the ten
thousand dollar guarantee fund, to
be paid when the road was COM
pleted, stock in the company for
their donations, and that where it
was possible to do so, the contri-
butors to this fund subscribe at
least double the amoant which
they had previously signed mp to
pay aud take stock as stated for
the amount, so that the money
could be used for building pur-
poses.
II was thought that stock as il
is now arranged win pay handsome
dividens and the line TO Columbia
win make il a very valuable piece
of property. The company has
paid out about forty thousand dol.
lars. They have nearly a of the