Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1911-09-09
NEW PRECEDENT or IOWA CEN.
TRIAL TELLS OF PLANS FOR
FUTURE.
COMBINATION TO Lease
IOWA CENTRAL RAILROAD
Extension to North Will Give Two
Roads Entrance Into Twin citiss-|
Extend Central TO St. Louis and M.
4 St. L. to Canadian Border, Max
inc Line From Canada to Galveston.

snerSer OF railroads, including the Iowa
Central and Minneapolis & st. Louis,
rs result OF the election of Newman
Erb to the presidency Of the so-called
Hawley lines, 1t has been confirmed by
Mr. Erb, according to an interview sent
out from New York. The plan Of Mr..
Mr.. Erb, according to his own state
nents, is a com bination OF railroads
that win reach from Canada to the
Gulf Of Mexico. The extension Of the
iowa Central to st. Louis, and the
leasing Of the Central to the Mime
apolis q st. Louis, are among the
things sought to accomplish.
The press dispatch from New York.
embodying the interview with Mr.. Erb,
follows:
New York. Sept. "a new thru
route from Canada to the Gulf OF Mex
leo, which IS expected to rearrange
the railroad map Of the west in i'm
portant particulars, is provided for IN
an interview with Newman Erb, and
announced by Mr.. Erb. who. with Ed
win Hawley, is actively engaged in the
undertaking.
'''The first step in the project Is to be
the leasing Of the Iowa Central rail-
road to tho Minneapolis & ST. Louis.
The directors Of the Iowa Central au-
thorized the president Of the road to
appoint a committee to confer with
similar committee representing the
Minneapolis & st. Louis, and arrange
the terms Of the lease.
From Canada to Galveston.
arrangements also have been made
&C.
and the Minneapolis & St. Louis to the
Canadian border. thus giving the Haw-
ley-Erb group Of railroads the thru
route from the wheat fields OF north
western Canada to Galveston.
fIt is expected that both the Cana
dian Northern and the Grand Trunk
win connect with the new extension
Of the Minneapolis & st. Louis. The
new route also will afford an entrance
70 St Paul and Minneapolis Of the
Canadian Northern.
To Lead 20 Merger.
"T1e Iowa Central and Minneapolis
& st. Louis. for more than a decade
have been under virtually the same
management. thru ownership Of Iowa
Central common stock by the interests
in control OF the Minneapolis & St.
Louis The leasing OF the Iowa Cen
trail probably will lead to a merger
Of the two roads, Mr. Erb said.
1.-THE laws OF Illinois. under which the
Iowa Central is incorporated. he ex-
planned, would permit the absorption
Of leased line, altho the merger would
not be legal before the lease is made.
"At the annual election of the direc-
tors Of the Iowa Central Friday, Mr..
Erb was elected president OF the Iowa
Central and next week ne will assume
the same position in the Minneapolis
& st. Louis.
Former Deal Fell Thru.
"Mr. Erb. his friends say, acquired
his interest in the Minneapolis & St.
Louis by quiet accumulation. He is
said to have paid not more than Is
for his preferred stock in the open
market. In this connection interest is
taken in previous plan for the de-
velopment OF the road which was not
carried to fulnllment, and which Incl
dentaEfy involved a refusal by Mr..
Hawley Of a price for his and his
friends stock in the Minneapolis & ST.
Louis which was more than twice the
price which Mr.. Erb has now paid for
his interest in the road.
HsvvIsy Refused Offer.
history, Newman Erb in 1906 entered
into an arrangement with the late E.
H. Herman under which Hartman
agreed to grant a favorable traffic
alliance to the Minneapolis & ST Louis
in case Mr.. Erb acquired control and
carried thru plan to extend the road
across the Missouri river to point
on the Oregon Short Line.
'~Mr. Erb is said to have bid Mr..
Hawiey 10 for his Minneapolis & St.
Louis common and 100 for the pre-
ferred. Hawley had obtained informa-
ton about the plans which were back
Of this bid and refused it. Hawley
laid plans himself for the extension
westward Of the Minneapolis & ST.
Louis ana It was built as far as the
Missouri river.
Depends on Treaty.
The deal by which the Iowa Central
and the Minneapolis st. Louis Will
become allied with the Canadian
Northern Is said to be conditioned on
the acceptance by Canada Of reciprocity
with the United States.
1T - expected that traffic between
the two countries over the northwest
efn border would be greatly stimulated
by reciprocity and there would be
enough business then to support q new
lire In addition to those which already
connect with the western provinces Of
the dominion"
LITTLE WONDER GAS MAKER.
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