The Filer record. (Filer, Idaho) 1919-1930, 1921-09-15
START ON DRIVE
MONDAY FOR NEW
RAILROAD SOUTH

Monday Is the date that has been
set for the opening OF the drive in
this county 10 raise the $500. 900
bonus. necessary TO secure the build
ing Of the Idaho Central Railroad
from Rogerson. Ida. 10 Wells, New.
OF the amount TO be raised. about
Sl55 900 has already been subscrib-
ed al Twin Falls. and in Wells and
Contact. New
4. j. Finch. OF Twin Falls. will
ing the amount and the work will be
organized and performed under his
direction. Ii is hoped 10 complete
the drive within one week.
These points were decided upon at
a meeting of the Idaho-Nevada Hold
ing company. held in Twin Falls
Thursday night The Idaho Nevada
Holding company is composed of
Asher b. Wilson. president: f. F.
Gray of Contact. vice-president: c.
N. Beatty. secretary and treasurer.
and one representative of every bank
in the county. AT this meeting il was
decided To draw up a new form of
note for signature and TO ask for no
cash whatever in the work of raising
the money Those who have already
signed pledges will be asked TO sub
stifute the new note for that at pres
I'm. nd xth
sire may take back such money as
they may have already paid These
arrangements are sanctioned in a let
ter received from President Davis of
the Idaho Central. dated September
C. and which reached Twin Falls
Wednesday.
One Year To Finish Line.
Under the terms of the contract
as between the holding company and
President Davis as representative OF
the road, construction work upon the
trains running on or before October
1. 1922. An executive committee TO
have charge of the carrying and
other details of the carrying out of
the arrangements for the building
of the line was named. consisting of
r. j. Finch. executive manager of the
drive: Asher b. Wilson and one rep
resentative of each Of the four Twin
Falls banks.
To Use New Form of Note.
Representatives of banks at Kim
berly and here were on hand at the
meeting in addition to Mr.. Wilson.
John NJ Maxwell. j. S. Russell.
Clarence n. Beatty and Al Keefer.
An exhaustive study of the entire
situation was made and the conclu-
sion reached TO go ahead with the I
final effort 10 raise the necessary
funds to guarantee the construction (
OF the road. The form of note de- [
ciied upon bears no interest until I
after maturity and the notes are to
remain in possession of the holding I
company until such time as the road
IS actually completed and in opera
ton The notes will not be guaran-
teed by the holding company but
will be turned over just as received /
to President Davis OF the railroad
company only after every last detail
IL the contract is an accomplished
fast.
Ii is felt that the taking OF pledges
without accompanying cash in any
amount viii prove a more attractive
form OF guarantee to all then the old
form which provided for 10 per cent
81 the subscription in cash. IL is
pointed out that unless the line act
ually materializes the pledges are
null and void whereas should the
road actually be built it viii be
worth the amount subscribed many
times over 10 everyone concerned
Details Being Planned.
Lists Of property owners through [
out the county are now being compil-
"a and arrangements are being made
fsr the organization Of the teams TO
DO the work r. J. Finch. called into
az late hour. signified
his willingness TO devote his entire
time to the securing OF the neces-
sary pledges which 1t IS hoped viii
be accomplished during the week OF
September is2f