Ottumwa tri-weekly courier. [volume] (Ottumwa, Iowa) 1903-1916, 1911-02-25
IOWA cITYoTTUMWA ROAD MAY
BE BEGUN THIS SPRING ACCORD
ING TO ONE OF THE PROMOTERS
OF THE LINE.
CERTAIN CONDITIONS
MUST FIRST BE MET
r. w. SIMMONS STATES THAT
RIGHT OF WAY MUST BE Sc
CURED OR MONEY RAISED TO
PURCHASE SAME.

A dispatch emanating from Iowa
City gives credit to Frank Tanner of
that city WHO is one Of the promoters
OF the Iowa City ttumwa interurban
froad for the statement that the bonds
for the financing Of the interurban
road have been sold amounting to 3d.
100000. The dispatch also states that
the road will probably begin its build
ing by the middle of April. The state
ment was made by Mr.. Tanner before
a meeting of the Commercial associa.
ton of Iowa City and Is being given
wide publicity The matter when
called to the attention of Frank W..
Simmons and other promoters of the
project In Ottumwa. met with
statement that places some very Inn
portant conditions on the roseate story
Of Mr.. Tanner, for in an interview,
Mr.. Simmons states that while there
is an element Of truth in the state
ment OF the Iowa City man, the story
in the press does not tell all there Is
to be told, and Is likely to deceive the
public to a certain extent.
Iowa City Story.
The dispatch says the following:
Iowa City, Feb. 23.-Three million
dollars worth of bonds, the proceeds
Of which are to be used to construct
the Iowa City-Ottumwa & Southwest
ern interurban railway, have been
sold and by the middle Of April so per
cent Of this money will be available
for building operations according to
the statement Of Frank Tanner, act
ing president Of the proposed road, at
a meeting Of the Iowa City CONNER
ciol club. The bonds sold at S21h'
The one thing which now remains to
be done is the selection Of the routes
over which the road will run, there
having been two surveyed. One Of
.hese takes in Wellman and Keota
and would probably furnish the largest
.mount Of freight The other includes
IN 1t the towns tof Kinross, Sigournet
md Hedrick, and would probably
furnish a great passenger traffic. The
people along both lines are taking a !
Keen interest in the road and both !
rave subscribed large amounts OF
stock as we'll as securing the right
,f-way for the line. The bonding house
will select the route which seems the
pest proposition. Both have their
criminals at Iowa City and at Of
;umwa.
The need of right of way or money
% purchase the same, Is one of the
chief conditions that the proposition
hinges on and must be met before the
.oad is built, according to the inter
view Of Mr.. Simmons who when shown
he dispatch from Iowa City said:
"This dispatch has elements OF
ruth, but facts do not justify so
strong a statement as the dispatch
We have been in negotia-
ion for some months past with~a bank
ny house in London looking to
he financing of the project, and sue
,ess is almost in sight SO far as the
ale OF the bonds Is concerned.
at has been the chief concern of
he promoters to enlist this capital
md we believe that very soon it will
,e accomplished.
Everything depends on certain con-
litions not yet met, with regard to
donations of right of way. There are
wo surveys, one via Keota and Well
nan and the other via Sigourney and
kinross, either of which Is acceptable
O the bankers proposing to buy the
,onds. The price is agreed upon and
many Of the details are arranged, but
t vet remains for some Of the right
Il way to be given or stock subscribed
O pay for the same l believe this
viii be accomplished without delay
md the building of the road is thereby
Ottumwa is in the list of
hose who have done their full duty
Is required by the projectors of the
Dad, but it yet remains for us to In
;ure the securing of suitable terminals
n our city which we think can be &C
at the proper time"