The Caldwell tribune. [volume] (Caldwell, Idaho Territory [Idaho]) 1883-1928, 1915-12-17
ELECTRIHCATION WILDER
BRANCH AGAIN UNDER
DISCUSSION

The regular monthly meeting of
the Commercial Club held Tuesday
evening was largely attended and was
marked by spirit of optimism dis
played by the various speakers. MANY
matters of importance to this section
were acted on chief of which was a
thorough discussion of a plan submit
ted by w. K. Sebree, president of the
Caldwell Traction company, for the
Identification of the Wilder branch.
The plan as outlined by w. L. Has
brouck and Mr.. Sebree was heartily
endorsed by large number of prom
inent men and a committee Of FIVE
was selected to cooperate with Mr..
Sebree in bringing it to a successful
Conclusion.
.. d. Center, secretary of the Ida
no State Seed growers association.
appeared before the club and explain
ed the requirements for holding the
annual convention in Caldwell. The
1916 show Mr.. Center declared would
from present indications be the most
successful ever held. Exhibits from
all parts of the state had already been
been promised and the number of de-
legates in attendance daily would
number approximately ZOO Features
of the program will be addresses by
the president of the Utah Agricultur-
al college and the president of the
University of Idaho. Other speakers
Of recognized ability will also be
heard. The convention will held Jan
uary 10, 20 and II.
Various club members spoke in
favor of holding the show here and
a motion that the club formally &C
cept the proposition as outlined by
Professor Center was enthusiastically
adopted. President Lewis appointed
Messrs. E. H. Plowhead, Walter
Grifiths and A. E. Gipson the COM
mittee on finance. Mr.. Plowhead
asked for subscriptions from those
present and received ready respon%3
approximately one-half of the re-
CURED amount being quickly subscrib-
ed.
The plan of J. S. Harrington, chair
man of the entertainment committee,
for celebrating New Years eve was
discussed and endorsed. A complete
program is being prepared by the
committee and the night promises to
be epochal in the history of Cald-
we'll.
The report of the committee APP
pointed to investigate the feasibility
Of the Weiser Credit plan was submit
ted by Cleve Groome and adopted by
the club. A meeting of the retail
merchants will be held in the near flu
ture for the purpose of organizing a
similar association.
President Lewis called on w. r.
Sebree who briefly outlined his plan
for the identification of the Wilder
branch. The proposal as submitted
by Mr.. Sebree follows:
The Caldwell Traction company
proposes to bond the line, equipment
and real estate now owned by the
company and also its equity in the
electrified Wilder branch for $780,
900. The bonds to be first mortgage
bonds and to draw six per cent in
terest per annum. The present value
of the property of the Caldwell Trac-
ton company, which will secure the
bonds is conservatively estimated at
100000. The company plans on dis
posing of but SIS, 900 of the bond is
sue at the present time, the sum real
lied from the sale to be used in cleo
trifying the Wilder branch. Subscrip-
tions to the bond issue are to be con-
ditional upon the sale of the entire
SIS, 900 worth. Payment for the bonds
to be made as follows: 80 per cent up
on the issuance of the bonds 80 per
cent sixty days thereafter and the bal
ance four months from the date of
issue.
w. L. Hasbrouck spoke of the pos
sible development of the Wider
country following the Identification
of the road. He compared the BUSH
ness now done on the branch. with a
population three times as large TO the
business done by the Caldwell Trac-
ton company. The traction company
hauled last year 3,2l2 passengers. A
comparison ever more startling could
be found in the tonnage handled by
the two lines Mr.. Hasbrouck declared.
Speaking the bond issue Mr.. Has
brouck stated that he talked the mat
ter over with large number of con-
Sentative business men and had
found them unanimous in declaring
that the issue would be amply secured
and that it appeared to be gilt edge
business investment. In addition to
the individual benefits derived the
financial benefit to the communities
served would total hundreds of thou
sands of dollars annually in the in
creased value of real estate and in
the added facilities for marketing
farm products quickly and cheaply
Dr.. ]. w. Cue was OF the opinion
that the necessary amount could be
Sised as a strictly business invest
ment. He reminded his hearers that
a few years ago $4,000 had been
raised for a similar project in very
Short time :.
Walter Grifiths spoke in favor of
the plan and urged the club TO take
definite action. He spoke of the
value of community cooperation de-
claring that a few Give wires" in
city could do much in extending its
trade territory and overcoming
handicaps resulting from poor To-
cation. He mentioned Kansas City