Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1911-11-18
ONE OF THE MOST I'M
PoRTANT RAILROAD DEALS
FOR MANY YEARS.
MEANS THRU LINE FROM
WINNIPEG TO THE GULF
Importance 70 Iowa Can Hardly Ds
Estimated. 10 Belief Of State Officials
Several Possible Extensions Will
Benefit Many Towns-csntrai Stock.
holders Will Take New Stock.


one of the most important railroad
deals in the west for many years, is the
belief of state officials Many different
parts of the state will be benefited, it
is believed. and the value to Iowa can
hardly be estimated. Many different
possible extensions are believed to be
in sight, in addition to those that will
form Of the Hawley system a thru
line from Winnipeg to the gulf Of
Mexico.
A review of the situation as it affects
the state, in connection with the legal
preliminarfes that were authorized
formally by the executive council to-
day, is told by the Times Republicans
Des Moines correspondent as follows:
Special to Times-Republican.
Des Moines, Nov. 18.-Wfth the issue
today of a certain certificate Of author
ization Of stock issue for the purpose
of efecting a railroad consolidation, the
legal prelim1nartes were completed for
one Of the biggest transactions In west
ern railroads in recent years. The GER
tifcate in question authorizes Edwin
B. Hawley and his associates of the
Minneapolis & ST. Louis railroad to buy
the Iowa Central, by issue of stock t.
be sold or to be exchanged for, sto:k
of the Iowa Central at present actual
value.
With the sweeping away Of all pos
sible obstacles to this consolidation and
extension a work on which George W.
Sewers, of Minneapolis, has been en-
gagged for many months, will have'been
completed Mr.. Sewers has been for
eighteen years general counsel for the
Iowa Central, and half as long has held
the same position for the purchasing
road. He is familiar with every detail
Of both these properties, and has been
the trusted adviser Of several admin
istrations. He has seen both roads
struggling to keep up steam under. nd
verse conditions. and expects to see
them a valuable CART Of new system
that win be able to f:sht for ira IL III 4
vast territory.
Thru Line From, Canada to Gulf.
What does this mean?"
at Inelns thru route overSthe rails
Of one system from Winnipeg to the
gulf Of Mexico
That is what Mr.. Sewers intimates.
It is much more thar the mere conson-
dation Of two most excellent hut badly
handicapped local companies. Extern
sions of vast Importance are right
ahead.
Take a map of the American railroad
systems and note the connection be-
tween the parts that Mr.. HaWley is
engaged in coupling up.
The Minneapolis & St Louis radiates
from the Twin Cities into Iowa and on
thru to Peoria, and northWestward
toward the Canadian line. But aside
from the terminals in the Twin Cities
there are none of any Importance.
In the south lies the great NJ. K. &
T. system, the popular Katy Of the
southland and Texas. 1t has terminals
in St. Louis, Kansas City. Oklahoma
City, Dallas, San Antonio, and Gal
weston. 1t Is the key to the gulf trade
from the Mississippi valley.
The Hawley interests own the
katy" as fully as they own the two
northern lines Once they are connect
ed up thru Des Moines. st. Louis
Omaha. Kansas City and elsewhere,
with an extension Of the Peoria line
somewhere; and to this be added q
line to the Canadian border connecting
with the Canadian Northern. and 1t
can readily be seen that out Of few
scattered remnants Of railroads there
has been constructed a great system.
Canal Cuts . Figure.
It is only necessary to refer to the
fact that with the opening Of the Pan
ANA canal, Galveston will gain Inn
mense Importance In American trade.
and there Is sure to be some traffic
from the isthmian connections across
the United States to the wide Cana
dian country.
Not all Of this is going to happen
at once. In his statement to the state
executive council Of Iowa, asking for
authorization for the $10.000,000 Of
stock issue to effect the merger. Mr..
Sewers indicated only that part OF
1t is to be used for purchase Of the
Iowa Central, and part to start con-
struction work. one connection
northward with Canada, and the other
southwark to st. Louis. Beyond that
nothing was given out as to any def
mite plans.
Central Stockholders Want New Stock.
II believe that this action taken Is