The Democratic banner. (Mt. Vernon, Ohio) 1898-192?, 1911-03-07
Mt. Vernon People Have
Subscribed Money
For The Road Which Looked
Good On Paper
What The Mt. GiIead SGntl-
mel Says Of The Matter

Have the people who subscribed to
the proposed Delaware, Mt. Gilead
and Gallon electric road, and that
from Marion to Mt. Gilead and Mt.
Vernon, been stung by promoters Of
the electric railway proposition? This
is the question set forth by the Mt
Gilead Sentinel. a letter from o. S
Clark, vice president of the Central
National Bank of Attica, Indiana, re-
ceived by one of Mt. Gilead's business
men, suggests an affirmative answer.
Whether or not, as the letter indi-
Gates, the paying over of $4,000 to
company of Cleveland engineers last
summer for so-called Commercial
Report" is the end of the transaction
Is not known, but 1t is clearly estab-
nshed that some interested party has
misrepresented the facts relative to
the status of our new interurban."
The contents of the letter is as fol-
lows:
Dear Strive are informed that
you have new interurban railroad,
built by The Development-Securi
Co., of Cleveland. We wish to get at
the facts and the manner by which
your road was built; we are partic-
ularly interested in the following
points,
First-What was the mileage of
your road?
Second-What did the Commercial
Report for same cost?
Third-Was it necessary to get
more than one Commercial report?
Fourth-Was it necessary to raise,
by sale of stock, donation or subsi-
dies, any additional money above the
bonded Indebtedness?
Fifth--What was your experience
with the company mentioned above,
were their contracts and business In
tegrity all that you could ask?
Sixth--If you were to undertake
the building of another road would
you do 1t in the same manner and
under the same company?
To sum up, we are particularly in
terested in knowing whether or not
this company is one which might re-
quire several reports, each of which
would cost good deal of money, and
then ON some technical or plausible
excuse say that they could not see
their way clear to building the road.
In other words, we do not want to be
milked and then not get any road.
The questions contained in the
foregoing letter are quite pertinent
and residents of the various sections
through which the roads were to pass
might have profited had they sought
the answers as the citizens of the In
diana town are doing.
The Development Securities Com
pany mentioned in the letter is the
company which, last spring, sent rep
rentatives to this territory to "look
over the field" This was done and
sufficient interest" was shown. The
next step then made known through
their representative, Mr.. George r.
Carpenter, was that commercial re-
port would be necessary before capt.
talists could be induced to invest
money in the enterprise. 1t was es-
timated that this would cost $1,000.
A subscription was started and funds
secured in Mt. Gilead, Marion, Mt.
Vernon, Delaware, Gallon, and the
smaller towns. The report was de-
livered last summer and cost $500.
Since that time il there has been
any effort on the part of the "com-
pany" to further the interest of the
system of roads they proposed 1t has
not been noticeable.
A communication received last
week by Mr.. S. p Gage, from Mr..
Carpenters son states that he is in
the East on important business and
that he is soon to return and will
give Mt. Gilead his prompt attention.
The Sentinel suggests that the only
method by which the roads will be
built is by local capital and control.
-------- ---,f.-----------
FOR SALE Two poa'es. one year
ling. an, ana tlyo year-Old Call M.