Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1909-07-10
IOWA RAILROAD CAPITALISTS
SEEKING LOCAL FRANCHISE,
BUY PUBLIC UTILITIES.
HERE TODAY TO SEE
MAYOR AND COUNCIL
General Scheme 81 Railroad Would In
clude This city-Boone Council
Agrees AS to Rates With New Own
ers, and Special Election is Called
For Aug 16.-No Tax Wanted Here.


Boone, of the Boone Electric Railway
and Light Company, the Boone Subur-
ban railway and the central heating
plant 20 a group of eastern capital
lists, composing the Iowa Light and
Traction Company, and the negotia-
tons of satisfactory franchises with
the Boone city council, marks the be-
ginning of an interurban construction
which promises to exceed in magnitude
anything heretofore attempted in Iowa,
and carry with it unusual interest to
the towns of Marshaltown Grundy
Center. Waterloo, Eldora, Ames and
Des Moines, which are to be included
in the enterprise.
The same people interested in the
deal at Boone are in this city today in
conference with the mayor and mem
bers of the city council regarding
franchises necessary in negotiating the
purchase of the LOCAL street railway,
electric light and gas plants, to be In
eorporated in their general scheme Of
railroad.
At Boone the properties were pur-
chased by Messrs. F f. Hughes and
j. H. Mcbride, eastern capitalists, as
sociated with Mr.. Andrew Stevenson,
of Chicago. Stevenson represents a
group Of capitalists now attempting
the building of an interurban road
from Waterloo toward Des Moines via
Grundy Center and Eldora. under the
corporate name of the Iowa railroad.
This corporation has secured rights
of-way and franchises from Waterloo
10 Eldora, inclusive, and now has the
work under way of securing right-of
way from Grundy Center to Marshall
town.
4 Mr. H s. Osborne and H s. Steven
/ son, Of Chicago; James F. Hardin, of
Eldora, and E. E. Hughes and ]. H.
4 Mcbride were elected directors of the
/ Iowa Light and Traction Company of
/ Boone. They are all identified with
The Iowa railroad. Osborne was elect
4 I'd chairman of the board: Hughes,
Hardin, secretary.
Agrees AS to Rates.
Tho city council of Boone has come
4 to an agreement with these gentlemen
regarding various franchises covering
a period OF twenty-five years, and
I guaranteeing to the people of Boone
| electric light rates on a sliding scale
from IL cents TO 6 cents. and power
rates IN a sliding scale from 9 cents to
8 GEMS A special election for Aug.
ls has been ordered. AT which time the
voters Will b4 asked to ratify the vari-
our franchises as agreed upon by the
city council
Interview Mayor and Council.
Messrs Osborne Stevenson and Nc.
Bride. accompanied by Mr. j ". ellis
Of Chicago. their risht-of- way man
arrived In MarShalltown .oday 10 in
terviaw The mayor and our CRY counc.
regarding terms for franchises in cas-
they h7uld purchase the local stree
railway. electric light and power an
gas plants. for the purpose of incor
Iorat;ng the Marshalltown. utilities in
To their general interurban scheme
the mayor and city council succee
in agreeing with these gentlemen upo
franchises. and consequently upo
rates. the Retail Merchants Assocta
, lion will be called into session % dis
cusS the matter and get behind
movement for interurban buildin
which comes backed by men possessin
real money. At present it up to II
Il mayor and city council.
Will Ask No Tax Aid.
However General Manager Stever
son said today TO a Times Republica
Representative that he was fairly We
informed as TO conditions and publ
sentiment in Narshalltown. and ne
A prepared TO meet the people here o
: every reasonable request that cou'
possibly be consistent with SUGGEST
F., financing and perfect management
I the future Especially would he en-
j phasize the fact that the plans co,
templated extraordinary extension, IN
provenent and Development of Il
present gas and electric plant al
street railway. Independently and r
CARELESS of possible interurban co,
struction, and he stated that his peop
would not ask for any tax aid