Mexico weekly ledger., 1908-07-09
ELECTRIC RAILROAD CORPORA.
TON MUST COMPLETE THE
GRADE FOR ROAD BEFORE
IT CAN SELL THE BONDS
WITH WHICH TO CON-
PLETR THE ENTER
PRISE
|s6OOeO WILL HAVE
no Be EXPENDED
stockholders and Promoters "a
Surrender the Stock to the
Company and Through the
Company Sell Il at the
Rate Of zoe on the
Dollar.

The Electric Railroad Corporation
finds that 10 the present condition Q
the money market IL cannot sell th
bonds with which TO complete To
road until the grade is completed.
This means that about 100000
more money will have 10 be expendeI
on the enterprise before II can be {
napced to completion. In the hope 0
raising this sum Of money and pre-
venting the collapse Of the enterprise
the stockholders and promoters Of thI
corporation propose TO give pany ad
vantage that they now hold 10 thI
management by surrendering thei
stock to the company. and through
the company, offering it TO purchaser
At the rate Of zoe on the dollar, thu
allowing every purchaser Of stock &
share equally IN the company 10 pro
portion to the amount Of cash be put
in. The sale Of the stock at this rat
will raise the sum OF $4,000 and Civ.
the purchasers who came in on thi
proposition a large majority OF thl
stock OF the corporation, and BY tn
election OF IL new directors, ultimate
liz the new stockholders will be able b
take control OF the company and al
its property and franchises.
Tney further propose TO the peoplI
OF Mexico who have subscribed 10 tn
donation fund TO release each mar
from his donation who subscribes Al
equal or greater amount for stock IN
DER this proposition.
No man is TO pay adoilar for stool
under this proposition until the com
pany produces a positive guarantees
from a reliable financial institution
that the bonds Of the company will b
taken In suficient amount 70 com
plete and equip the road.
Prospective purchasers Of the stool
are to have access TO the company:
books, plats, surveys, plans, and esti
mates SO that they may know the ex
act state OF affairs In every regard.
The foregoing proposition was made
by the officers and directors OF The
company 70 the ways and means com
mittee al q meeting held at the Courl
House Monday evening.
1t was also stated that the PROPOSE
ton was being canvassed az Moline,
Santa Fe and Perry and that 1t was
thought that Mexico ought 10 raise al
least go, 900 Of the money. Mr.. ]. A.
Clark, a banker, and Lucas Afford, IN
attorney, both from Perry, were pres
ent at the meeting and gave assurance
that the citizens Of Perry would d.
their part In promoting the enter
prise, and gave valuable information
as to the amount OF freight that would
be shipped ' the road from Perry.
Every one present manifested a
strong determination to push the en-.
terprise along andfa number pledged
themselves to take double the amount
in stock they bad subscribed to the
donation.
The following resolution was passed
at the meeting.
That 1t Is the sense OF this meeting
that the people Of Mexico ought to
and viii subscribe for as much as
81, 900 worth Of the capital stock Of
the Mexico, Santa Fe and Perry Trac-
ton Co. at zoe on the dollar. Pro-
vided that they receive a guantee from
a responsible financial institution that
the expenditure Of that much money,
by the people OF Mexico, will insure
the completion Of the read.
The proposition is thus presented
to the people as an investment. Those
who buy this stock will be sure that
the road win be built and that they
will own the controlling interest in
IL. 1T is undoubtedly a coed invest
and there Is q chance to make
money on the investment as well as
promote an enterprise that will be OF
immense and incalculable benefit to
The community.