The Brookings register. [volume] (Brookings, Brookings County, S.D.) 1903-1971, 1915-10-07
FARMERS SEE LUCE LINE WORK
Continued From Page One)

posed Luce Electric Short Line from
Minneapolis to Marshall, we wrote to
the president of the company and are
pleased to give herewith his reply.
which explains the delay in extending
the line in this direction. Without
doubt Col. f.. ID. Luce and all those
connected with the company are u.s.
ing their best judgment, and every
effort to further the interests Of all
concerned which is encouraging to
holders Of stock in this city.
Minneapolis, Mimi,
September 20, 1915.
Mr.. J. w. Whitney,
Marshall, Minnesota.
My Dear Jo:-
/ was mighty glad to receive your
letter of recent date. | am going to
take this opportunity to let you know
how successfully the Electric Short
Line is progressing.
AS you know, we were unable to Sc
cure a favorable contract for our bond
issue owing to the war. No one regret
ted this more than the officials of the
company. We a not make condi-
tons, but have to take them as they
are. We felt that we should make
every effort to build at least 80 or 40
additional miles as this increased
mileage would practically double the
gross receipts and only increase the
gross expenditures by about 20 per
cent.
W. took this matter up with our
Minneapolis bankers and we finally
came to the conclusion that 1t would
be best to sacrifice a part of the in
terest in our Minneapolis Terminal
in order to raise the money to pay for
this extension.
The other day the j. B. Balch &
Company, general railroad contractors,
secured the contract for building forty
miles of additional railway. This will
take us through Silver Lake, Hutchin-
son and about 20 miles west of the
last named town to a Junction point
where our Marshall and Dawson lines
meet. From the present indications
we will have the line in operation to
Hutchinson this fall and the 20 miles
west of Hutchinson will depend more
or less upon the weather and with the
success which we will meet with, in
the disposing Of our terminal securi-
ties.
II our company had accepted a bond
issue this spring we would be criticiz-
ed severely for not having used better
business judgment. 1t is always best
to be safe than sorry.
Nothing would please us more than
to have some of your business men,
the next time they are in the city,
come to u offices in order that we
might show them in person that We
are using every effort at our command
to hurry the completion of the Electric
Short Line railway. I am writing this
to you in order that you may use same
in your paper to give the stockhold-
ers additional information as to what
we are doing to date.
You readily appreciate the fact that
every mile Of railway that we can
build in addition to what Is already
built increases the assets of our prop
critics for the bond issue. Further, my
father and myself are sacrificing a
part interest in our terminals to add
to the assets of our railway. I don't
think many Of our stockholders, II
they were in our place, would consider
for a moment of letting any Of their
personal holdings 60 as we are doing
to hurry the completion of the road.
With kind personal regards. I beg to
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