The Mankato free press. [volume] (Mankato, Blue Earth County, Minn.) 1879-1924, 1915-05-28

tains here large northwestern gen
eral sales Office for the handling OF
its own direct business.
The White interests divide into the
J. G. White company, a manufactur-
ing concern with 100000 capital;
the ]. G. White Engineering corpora
ton, capitalized at s2,0O0,00O; the ].
G. White Management corporation.
with sl,000.000 capitalization. which
| has the management and direction OF
| many electric traction properties
| throughout the United States. and the
| firm, ]. G.. White K Co. OF England.
which is the foreign representative
branch.
Development Forecast.
Voluminous reports were made by
the experts sent TO Minneapolis.
| These reports covered not only the
| physical condition of the Dan Patch"
property, but extended into and ex-
haustively analysed the entire field
within several hundred miles radius
of Minneapolis, with regard to popu-
lation, urban and rural distribution OF
people. occupation. crop production.
topography of the country and every
other factor relative to the possibility
of the development of Minneapolis as
a traction center.
Results were the conclusion of the
two large eastern corporations that
the possibilities were great, that ex-
pert management and experience
gained elsewhere, applied to the Dan
Patch" road, would be a beginning OF
such development, and the determi-
nation by each to put quarter of
hmillion in cash into such develop
,ment.
For Construction and Equipment.
All of the $3.50. 900 is to he used for
new construction and equipment. A
contract has been made with the j.
G. White Engineering corporation for
superintendent of construction and
all expenditure therefore. The first
money will go into the completion In
all detail of the "cuton" that il to
bring the cars OF the line into the
. Seventh street terminal at Minneap-
oils. Upon the return of NJ. w. Saw
age, president of the Dan Patch"
line. from California, other extension
or development plans, il is expected.
will be announced.
The syndicate subscribing for the
notes will pay in the money in three
, installments, the last TO be paid in by
t July /.
? Property Covered by Bonds.
The property covered by the bond
issue includes the entire roadway and
equipment and leases and equipment
D which follows:
Fifty-siX miles OF railway on pri-
B. vate right of way. laid with eighty
pound steel rails, and extending from
Mortified, Mimi. north to Minneapo-
lis. with connections ut Fifty fourth
street and Nicollet avenue with Twin
City Rapid Transit company, and al
the western city limits with the ter
I minal property of Electric Short Line
railway.
An easement I'm perpetuity by con-
! tract with the Electric Short Line
railway for forty eight per cent o.
it's track and terminals. consisting Of
about three and one fourth miles
railway tdouble track from the june
: ton with the Minneapolis, st. Paul
] Rochester & Dubuque Electric Trac-
ton company to Seventh street in the
2 heart of the ely of Minneapolis, sub
1 stantially all on private right of way
= Lease from Chicago, Great ives
; tern railway for fifty years from July
l, 1913, giving exclusive use of ap'
proximately sixty-nine miles OF rail
4 way. stations, siding, ETC., extending
from Mankato, northerly through
Faribault and Mortified to Randolph
Equipment valued at approximate
r ly S65O,O00. most of which Is new, has
been acquired within the last three
= years, all OF the passenger cars ant
G trailers being all steel construction.