The Caldwell tribune. [volume] (Caldwell, Idaho Territory [Idaho]) 1883-1928, 1920-06-04
SEE DAYLIGHT
FOR TRACTION
LINE PROBLEM
.a-. ~ t.
McNieI Branch Continues 0p-
Grafton Pending Disposition
Of Proposal Now Offered
Affected Community to Solve
The Caldwell Traction company

The Caldwell Traction company
l. still in operation. AT II o'clock
Wednesday evening, John Plow-
head was called by member Of
the public utilities commission and
. asked what, the community pro-
posed to do. Information was
given relative to the proposition
which has been worked out and
MI. Plowhead was assured that
the application Of the Caldwell
/ Traction company to cease oper-
ations for 60 days would be denied
: for the time being. w. r. Sebree,
owner of the property, was mott
, fled of the public utilities COM
/, mission action and asserted that
! he would be glad to cooperate to
\ the extent Of continuing opera
tion of the line until the plan
worked out to take over the prop
erty could be given fair chance
Vs. TO- succeed.
This announcement temporarily dis
poses of the probability of the line
ceasing operations Thursday, June 5,
the date set by the utilities commits
sion for a decision on the applica-
ton made some weeks ago by Mr..
Sebree and upon which a hearing was
held here week ago Wednesday.
From conversations with members of
the state commission, it is evident
that the petition would have been
granted that the road today would
not be in operation. gas.
Work Hard on Problem.
Wednesday was a busy day for the
committees selected at the mass meet
ing Tuesday night at the Commercial
club rooms to solve the. problem OF
the disposition of the line, if such a
thing would be done and permit the
line to continue operations. Three
conferences during the day Of pro-
tracted nature resulted in the accept
ance Of proposition Of taking the
line off Mr.. Sebree's hands which will
/ Be submitted to prospective purchas-
ers for their approval and support
immediately.
In brief the plan worked out en-
braces the following: $250,O0O in
stock now the possession of the Trac-
ton company will be taken over and Of
fered for sale to Caldwell business
men and farmers in the affected dis
trict at 50 cents on the dollar. Mr..
Sebree will be given 100000 in s per
cent bonds, maturing in 1927 and
which will virtually constitute, first
mortgage on the property. Fifty
thousand dollars accruing from the
sale of stock whose market value
will be $l2s. 900, will be paid Mr.. Sc
bree to clear up Indebtedness on the
road. Of the remaining SIS D0O. $25.-
600 will be used in re-equipping and
repairing the line to put It in first
class operating condition. Fifty
thousand dollars is reserved to make
the proposed extension to the Pickle
Butte bridge site and possibly a short
distance beyond that point.
Sin Much to Do.
So long as the interest is paid on
the bonds which Mr.. Sebrec holds, he
will have absolutely nothing to say
relative to the management and oper-
Ation of the line under the terms of
the present proposal. Management
will be vested in board of directors
elected by the stockholders. who will.
in turn. select manager to have
charge of the business.
No plan of campaign has yet been
outlined to market the stock as the
first step in the rehabilitation of the
road. Farmers who attended the meet.
ings held Wednesday were willing to
give the proposal trial as being the
only possible solution of the prob
lem at the present offering itself.
II is expected that some plans will be
worked out at once to handle the
stock sale as the final disposition is
regarded as matter worthy prompt
action.
Tuesday evening, the Commercial
club rooms were filled to overlooking
by large delegation Of farmers from
the Deer Flat and Riverside commune
ties and by business men from Cald
we'll who were evidently finally awak-