The Farmington times. (Farmington, St. Francois County, Mo.) 1905-1926, 1912-07-04
THE ELECTRIC ROAD
SOLD TO M. R. & B. T.
Which Will Result hn Improved Ser
vice and be Help to Pennington
in Number of Ways.

The Mississippi River and Bonne
Terre Railroad Company last Tues.
day closed deal with the st. Fran
co.'s County Railroad Company in
which it absorbs the electric rail-
way between DeLassus and Farm
ington and Pennington and Flat
River. The financial part OF the
transaction was made through A.
&. Edwards & Sons, well known st.
Louis brokers, and the earnest
money sealing the purchasing con-
tract was paid over. All the details
of reorganization, etc, will he ef.
fected in few weeks.
There will be a meeting Of the
representative of the NJ h. d B.
4. K. r. in Pennington tomorrow
Friday to organize aud elect a new
board of directors. We understand
that Mr.. W. X. Taylor, President,
ana Mr.. NJ. p. Cayce, another OF
the directors of the St. Francois
County Railroad Company, have
been requested to retain portion
Of their stock and accept places in
the board Of directors of the new or
ganization. MIR. Morhouse has tax
en- charge as operating manager of
the electric railroad for the present,
but will be superseded by Mr..
BrinkerhoiI, who il now in Texas,
on his return.
MIR. Taylor will remain To assist
the operating manager until he gets
lined up and thoroughly in touch
with the situation.
We understand that 1t is the pur.
pose of the new organization to
greatly improve the service, one
feature of which is To- connect the
electric railway track with that OF
the NJ. K IL B. ! at Flat River
thus largely enhancing the cOnven,
ience Of the travelling public in max
ing connection at that point, and
perhaps in time put on direct train
thro' from Pennington to st. Louis
II is also their purpose to arrang,
a schedule to meet all trains on tn,
NJ. II. & Il. 7. The management ot
the latter company have expressed
IA desire to come to Pennington, t.
get into closer touch with the peo
pie and business of this place and
to get better acquainted with them
The liberal and accommodating spirit
Of the NJ. r. Il Il. I. people has long
been recognized by our people, anC
the formers expressed desire tt
cultivate II closer relationship /,
heartily rccipro Gated.
In the reorganization new bond,
will be issued and our local holder,
OF bonds Of the electric railroad will
com" out ia good shape, and tn,
holders of stock, which has hereto
for" been considered practically
valu"t"ss, will rrceiv" reasouabl,
prir" for same. Altogether the sal,
is one upon which all our propl,
who have been financially interestet
in the electric railroad in any way
and the people OF Pennington gen
orally are To be congratulated.
This deal has given rise to rumor,
that the NJ. II. q y. 7. people ais,
have IN view the purchase OF th,
HouCk road, now in course Of con
struction to Pennington, the grad
ing of which is finished up to within
IA few miles Of Pennington, but thi,
merely rumor for which there is n,
tangible ground. As to the purpose,
OF the NJ II. d B. 7. people in re
gard to the electric railroad, ii i,
understood that they will make 1
statement for the public in few
days, probably just after Friday,
meeting and the election OF the new
board Of directors.