The Redwood gazette. [volume] (Redwood Falls, Minn.) 1873-1940, 1913-03-25

MS opinion Oh CnlS MdCCer WHICH Is SO
important to all.
Colonel Luce, of The Electric Short
Line Railway Company was in Red
wood Falls last Tuesday and Wednes-
day. The Commercial Club met Tues
day at which time the Colonel dis
cussed fully the projected road.
In an interview with The Gazette
Wednesday morning Col. Luce told
many interesting facts about the COM
pany's plans and it's methods of work
ing.
All the contracts are let for the
building of the terminals into the city
of Minneapolis, and the first 40 miles
of road will be in operation by Janu-
airy 1, 1914.
The work is under the direction of
contractor Henry Balch. Some idea
of the magnitude of the operations
being conducted may be derived from
the fact that 3 steam shovels weigh
ing 200 tons each are ready to begin
work. as soon as the season opens, and
Is cars of piling were brought into
the field last week. The bridge work
is nearly completed.
"The best argument" said Col.
Luce, "for electric railways is the fact
that they are being built" Through
out the East and Southeast electricity
is rapidly taking the place of steam
as a locomoting agent, for the sake of
cheapness in operating as well as con-
venience. It is possible to travel al
most continuously throughout the
Eastern states without leaving the
electric roads.
While the organizers of the Luce
Company have only one motive, that
of investment, for promoting this rail
way, the people along the right of
way have three good reasons for buy
ing stock. First, it is splendid in
vestment, the dividends on electric rail
way stock throughout the country in
1912 ranging from Is per cent to Is
per cent. Second, such a road is bound
to increase real estate values tremend-
ously, and third, the convenience of
rapid transit, both passenger and
freight, can scarcely be estimated.
The plan is to have both local and
through cars running every hour for
both passenger and freight traffic. The
local cars will stop at all stations,
while the through cars will stop at
only the larger towns. This means
quicker and more comfortable travel
than is now possible.
The members of the board of direc-
tors who will be chosen from each dis
trict, will be selected by the stock
holders of that district, and in that
way the interests of each vicinity will
be carefully looked after. The comp
any will also appoint a road physi-
clan and an attorney from each dis
trict.
The project is financed by bonds OBJ
tanned by using the city terminals val
ued at s3,OO0,OOO, as collateral secur-
ity. After the first 40 miles are built
and paid for, bonds will be issued us-
ing the section of road built as secur-
ity.
! The company organization is simple,
there being mo wheel within wheel
and every dollar invested by stock
holders does exactly 100 cents worth
of actual road building. This has been
made clear by investigating commit
tees from Vesta, Bird Island and
Thorpe as well as our own. Mr.. Lind
sey, representative of the company will
be in the territory, ready to meet all
investors, or to explain the proposition
to anyone.
Redwood Falls citizens have until
May first, approximately, to make up
their minds whether they will have
this road and its benefits, or whether
they will let it be taken into another
section. Bird Island has already near
ly the required stock and other towns
are following her example. Now it's
up to You personally. Don't try to
leave it for some one else to look into
but decide it for yourself