The daily Gate City. [volume] (Keokuk, Iowa) 1855-1916, 1912-10-11
. = : : : . % > : : :

= The announcement came today =
. that Richard O. Marsh, of War =
= saw, had closed the deal with =
= Chicago and New York capital .
. for the mammoth Industrial y
= community project along the =
= river front between Hamilton and =
. Warsaw and was now engaged in =
= taking up the options on the =
= property. .
r. w. Howard, Of Chicago, who .
= was interested in the promotion =
~ of the project, is no longer con- =
= nected with 1t, owing to differ =
= ences which arose between HIM =
. self and the other men interested, =
. weeks ago. Mr.. Marsh has Sc =
= cured thc options In his own =
= name and he and S. 3. Chaplin, Of =
= S. 3. Chaplin and Company, Chi =
= cago, are putting up the money .
= to buy the land. .
~ Armour, Deering, international =
! = Harvester and Swift interests are =
. known to be in on the deal and .
= New York capitalists have also e
. been given an opportunity to =
= come In, which they have accept =
= ed. =
= Already factories, which will =
\ consume thirty thousand horse =
. power Of the electrical current =
4 = from the hydro-efectrc plant have =
. sisnified their intention of locat- =
= ing on the tract. =
4 4 = = : = = . : = = = = . : .
4 r o. Marsh, of Warsaw, today an
nounced that all the details concern
ling the big industrial community
across the river had been completed
and the monumental project was an
assured fact.
4 While there have been a few minor
changes in the original plans Of Mr..
| Marsh, the work, as whole, will not
materially differ from the plans out
lined in The Gate City several weeks
ago. Instead of building the dixie
\ around the property at once and fill
ling in the land from the water front
n to the bluff, the work will start at the
main slough, running through the
property, and completed back to the
4 bluffs, making the immediate expense
lower by about 100000.
Howard Is Out
i Since the first publicity given the
AFFAIRS of Mr. Marsh aud R. w. How.
ard in regard to the development OF
4 the land across the river, Howard has
been released from the promoting end
Iof the matter and Is now no longer
connected with the project in any man
ner. The options, which were held In
his name have been renewed, as they
4 expired and are held now In the name
of R. o. Marsh. A disposition on the
part of Howard to control the prop
4 of his removal from the ranks OF the
men lined up for the big development
4 project.
Mr. Marsh stated this morning that
! the options have been taken up by
capital of his own and s. B. Chaplin
of Chaplin & Co., Chicago, but that
they have interested Chicago and New
York capital, which will be forthcom-
ing whenever it is needed. Experts
y have been here as representatives
from these capitalists several times
in the last few weeks and their reports
have been most favorable to the plans
Develop Gradually.
That the property will be developed
gradually, was the statement of Mr..
Marsh this morning, it not being deem
ed necessary to expend nearly mil
lion dollars at this time in the con-
struction Of dixie and fill that would
probably not be needed for several
years. A policy of gradual develop
ment, as the need warrants, Is to be
taken by the promoters. They are
already in touch with many large
manufacturers and will be able to an.
nounce the first location within few
ready received assurances of manu-
featuring plants here that will use
thirty thousand horse power from the
hydro-electric plant of the Mississippi
River Power company, now under con
struction.
4 Mr.. Marsh reiterated his statements
of few weeks ago, this morning when
he said that 1t would not be foolish
to place conservative estimate OF
S30,0000o0 on the amount of capita
that would be ultimately invested in
4 the project and the confidence that he