The daily Gate City. [volume] (Keokuk, Iowa) 1855-1916, 1915-10-25
Story is Published In St. Louis Papers
and it Is Known that Eastern
Expert Visited
keokuk.
BUT SAID NOTHING THE y
He Looked Over Plant Here-Anothe r
Story Published This Morning,
Says One Line Is
Sold.

the St. Louis Globe-Democrat Satur-
day to the effect ! at the Neokuk and
Des Moines railroad might be electri-
fed by the Fort Dodge, Des Moines
and Southern, comes the announce
ment in another st. Louis paper today
that the Minneapolis and st. Paul had
purchased the Fort Dodge and Des
Moincs road. Whether there could
be any connection between tho
changes could not be stated By per-
sons in touch with railroad situations
| here. ..
Officials Of the Mississippi River
Power company said that an efficienc%
expert from the east was in here about
! two months ago, and looted over the
power rlant, but that nothing was
said about the Identification of the
Keokuk and Des Moires. From other
sources IT, was learned that some of
the Fort Dodge, Des Moines and
Southern officials had made inquiries,
at least about the operation of the
read
The Globe-Democrat published the
following from Amos in regards this
J situation:
1t is reported that the Fort
Dodge, Des Mofnes and Southern
electric line may take over the
keokuk and Des Moines railroad,
! electrify it and operate 1t as a
| Part of. the Fort Dodge road. The
keokuk line has been a part of
| the Rock Island system. which
has gone into receivership. 1t is
said that eastern capitalists, who
are interested in the Fort Dodge
route, have been here with refer
ence to the runored keokuk deal
Say Road is Purchased.
! This morning came the announce
ment that the Fort Dodge and Des
Moines road had been purchased by
the Minneapolis and ST. Paul Al
though, the st. Louis Republic. which
printed the story. did not give the full
title of the road 1t is believed to re-
fer to the Fort Dodge line Here is
the Republics story:
| The sale of the Des hoines G.
| Fort Dodge to the Minneapolis &
1t. Louis has been completed
All the securities involved have
been exchanged and the Des
Moines road has executed its deed
! Of transfer.
The Minneapolis & ST. Louis
! stockholders February "a author
| lied the purchase Of the securities.
| To make payment from them
s3S1.75O preferred and like
! amount of refunding and extens-
ion bonds and s2,141, $50 common
| stock of the Minneapolis & ST.
! Louis were authorized
, Holders Of Des Moines minority
| stock received for each 500 pre-
! ferred $50 preferred and $50 re-
! funding and extension bonds of
! MINNEAPOLIS E. st. Louis, and for
each 500 common stock $50 In
! the common stock OF the purchas-
company.
Substantial economies will be
! effected by reason Of the consoli-
| dation. For the fiscal year 1914
| the Des Moines & Fort Dodge
! earned 100000 over and above
the shares assumed by Minneap-
! oils & St. Louis, and for the fiscal
! year ended June 80 last S147,522.
The current earnings Of the
| Minneapolis C st. Louis are sat
isfactory. There are distinct
signs Of Improvement in general
business, aside from the effects
Of the large wheat crop.
Perhaps from all Of these shifts
and changes, something good will be
developed for the Kcokulk and Des
Moines.