The Blackfoot optimist., 1916-06-29

as nearly as possible the amount Of stock
and bonds that can be disposed Of to the
electric holding company.
Merger WIN Follow
When all conditions have been full
filled and complied with, and when
everything has been made ready for
actual construction work, a merger will
ensue whereby the Pocatello Traction
& Interurban Co., will be fused with
the through electric railway company,
the parent organization, and it is speci.
fed, states the projectors of authority,
that those who are now holding stock
and who may have subscribed for stock
in the local company will receive stock
in the principal electric railroad com.
pany. at the time of the merger, d0llar
for dollar and share for share.
The Pocatello Traction & Inter
urban Railway Co., has been made
the authorized agent and repre-
sentative Of the electric railroad
interests Of Utah and Idaho, it is
stated, for this territory, and the
above statement Of conditions
and proposals is made by Clark
Gibson, secretary, and the execu-
tive committee of the company.
The local company is requested by
the allied electric interests to put a
corps Of engineers in the field at once,
operating from POcatellO south through
the Portneuf canon and up Marsh valley
but the secretary states this cannot be
done until the local representation and
subscription has been secured.
Company Means Business
When the electric railroad company
is ready to begin actual construction
work on the local street railway sys-
tenn the management states it will pre-
sent for investment $50, 900 or more Of
stocks and bonds and expects that the
amount will be taken up by property
holders and others vitally interested.
1t is believed the above succinctly
clears the situation insofar as the peo-
pie of eastern Idaho are concerned, and
more partiularly the people of Pocatello.
If there is to be street railway system
with interurban features, it would ap
pear to be about the right time to mani
fest an interest and the proposition pre-
sented is believed to be right, and is
given the backing of some Of the strong
est financial interests Of this part of the
country. The company eventually tax.
ing over the project asks for local inter.
est to the point of stock holdings. With
that done the company assures that it
is ready and anxious to 60 ahead with
a survey and construction process that
will give to this part of the state local
car line and substantial connections that
will mean something for the community.
The money behind the main enterprise
will come from Utah and the east and
it would seem that the project is secure
as an element for local development.
-Pocatello Tribune.
OFFER TO PURCHASE BONDS.
Pocatello, Idaho, June 24.-B. A.
Cummings, attorney for the syndicate
handling the Arbor Valley, Rockland &
Southern railroad project, is in receipt
of communication from one of the
big bonding houses, in which the com.
pany asks if it may figure on supplying
the necessary money to finance the con-
structi0n of the road. The company
states that it is familiar with Idaho
and is anxious to make a good invest
ment in this section. This is the third
offer of similar character which the
syndicate has received relative to this
project.
PLAN ELECTRIC SYSTEM.
Pocatello, June 24.-If the plans Of a
group Of Salt Lake capitalists, whose
identity has not yet been definitely dis
closed. carry, Pocatell0 will be one Of
the principal division points of big
electric traction system that will reach
from Salt Lake to the Yellowstone
park. The interests promoting the pro-
ject plan to connect with the electric
system which reaches as far north as
Preston, thence up the Gentle
valley to Downey and north by way Of
that point by way of Pocatello, Black
foot, Idaho Falls, Rigby, Rexburg and
st. Anthony.
The projectors claim that a local
street car system will result, but in
view of the fact that the franchise,
which Clark Gibson and associates en-
deavored to secure from the city council
failed to receive the signature of the
mayor, by reason of an injunction
which restrained him from signing the
same, and which is now awaiting adiud-
ication in the district court, it is rather
doubtful if the validity of this fran
chise is such as to induce capital to
make any considerable investment until
the matter is disposed of by the courts.
This, however, will not in any way in
terfere with the through project, and
as the houte seems feasible, it will in
all probability be carried out.
Some men arise from the slums.
make a few dollars, and then look down
upon the source from which they
sprung Their heads inst can't hold