The log cabin Democrat., 1916-10-20
IRON MOUNTAIN
 NAME WILL PASS 10 BE MISSOURI PACIFIC Reorganization Of Historic Railway System to Bring about Change
 of It's Name.

 'fne Missouri Pacific and the St. ] Louis, Iron Mountain and Southern IraiToads are to be merged into one system. if the reorganization plans now pending before the State Public ISerNice Commission are approved.
 4 statement to this effect vas made to the commission several days ago by Paul D Crayath, of New York. i legal representative of the banking house of Kuhn. Loeb & Co.,, the re- organization managers for tae prop cry. For whole day the c0mmis= sion listened to an outlining of the plan. No opposition appeared
 Two civil engineers were question cd by the commission Wednesday on the application by the railroads fer the plan of reorganization of the ! property proposed by Kuhn. Loeb 6 ?. Co. This related to the physical saI- uatlon of the property of both com panies. C.. II, Middleton of St. Louis. 1 an independent engineer. estimated the total value at S112,0G0,000. w. N, k. Sparrow, engineer of the | Burlington system, placed the value ] at al16,0o0 coo. The officials of the i two companies estimate the value at @il9,O0J,U06 The plan provides for capital stock of S383,6l2.2S2.
 It developed during the hearing that since its incorporation in the carly 5o's the Missouri Pacific has absorbed 126 railroad lines. and has added 3,G55 miles to it's length since 1 its first trains were operated out from St. Louis. That was G years ago last Wednesday.
 For several years past the IronI Mountain has been practically owned by the Missouri Pacific system, putI has been governed by separate board of directors. A year ago last August the Missouri Pacific and the Iron Mountain went into the hands of receivers. Mr. Cravatn said that this was not because the property had depreciated but because of bad financial management for several years.
 The company, he said has been h- Inanced from hand to mouth for sev- eral years before the collapse, and a receiyership became necessary when the system could not longer create a market for its securities and meet it's pressing obligations
 Officials believe the receivership will be moved by the first of the year, it is said.
 The name Iron Mountain is his toric The road was built in 1851. 1t was originally the St. Louis anu l Iron Mountain railroad, running from St. Louis to the Arkansas border. 1 The name Iron Mountain was taken from the picturesque Iron Mountain located between Arcadia and Ironton 1 ln Iron county, in the extreme south ern part of Missouri The mountain was long famous Tor the iron ore mined from it, which long ago was exhausted, and for the scenery in the vicinity of the mountain
 Three years after the building of the St. Louts and Iron Mountain rail- road work was started on the Cairo and Fulton railroad, running from the Missouri state line to Texarkana The fact that several Little Rock men of the early 50s, many of whom n2Ye descendants now living, were connected with the building of the Cairo and Fulton railroad makes the story of the building interesting. In 1854 the survey of the Cairo nd Fulton railroad, from the Mis- ouri line to Texas, was made under he direction of James s. Williams, hief engineer The route was divid- into two districts, one from Little tock northward to Missouri. assign
 d to surveying party consisting of ;. o. Davis, chief of party; s. C. Me
 'orkle and w. P Bowen, assistants, md s. H. Neiman and J. T. Al Adams, rodmen The other from
 little Rock southward was assigned
 w. D. Pickett chief of panty; J.I Nj. Wampler and F. F. Campbell, as
 '5tants, and George W. Hughes, ro8- nan and later appointed assistant rle length of the route was 30l lies, and the estimated cost of the 1olc road was $6.37380 The of CTS of the company elected May IF, 54, were: Roswell BeeLe. president; alniel Rinro vice president; 3, (
 larlcy secretary; William B Wait, reasurer, and James s. Williams,
 hief engineer. The Executive Com nittee, chosen at the same date, was:
 Daniel RinPo. chairman; G. B.. Iughas and Roswell Beebe
 In the same year 9 survey of the inc of the Little Rock and Fort smith railroad was made by w. N
 }radley with Dennis Callahan of Baltimore as assistant Both work
 d under Chief Engineer Joshua Bar