The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1924-01-26
APPLICATION
FOR NEW RAIL
LINE APPROVED
Red River Valley Railroad
Company Proposes Fargo
To Grand Forks Line
WILL ISSUE STOCK

Application OF the Red River Val
ley Railroad Company, Minneapolis,
which proposes to construct rail-
road between Fargo and Grand Forks,
today was granted permission by the
state railroad commission to issue
$500, 900 OF stock. The action was
taken by the commission in special
meeting, following representations
by the company that awarding OF
contracts awaited its action on the
petition which has been under in
vestigation by the commission for
the last two months.
The company, originally incorpor-
atcd Dee. Is, 1914, by w. H. Graves
and c. NJ. Drew of Minneapolis and
r. A. Hamilton Of Milwaukee, was
incorporated for $l,5O0,0O0. 1t pro-
posed to build line from Fargo to
Winnipeg, according to the original
articles, hut represents to the state
railroad commission that it would
buiid line between Fargo and Grand
Forks. The proposed route would
follow the Red River fairly closely,
being east of the present Fargo
Grand Forks route of the Great
Northern.
Chairman Frank Milhollan of the
commission, announcing the action,
said W. II. Graves, in letter to the
commission, state that action was
desired on the petition as contracts
were ready for signature if the petit
ton were granted.
To Sell Stock
The application asked for authori-
ty to issue half million dollars of
stock, with shares having par value
Of 800 each. 70 date $50 shares of
Common stock have been issued, the
application said. The railroad esti-
mated $297,0 900 would be required for
right of-way and freight terminals,
$4,000 for grading, $l35,5O0 to re-
fund to members OF the corporation
money advanced, working capital in
construction and payment of hack
salaries.
"A report of meeting Of stock
holders and directors held in Mimi
eapolis on June 20, 1923, says:
"The property to be purchased for
right of-way consists of farm lands,
run from SGD to 500 per acre, and
il, some instances as high as 5000
and $500 per acre. City property as
Il matter of course is always held at
an exorbitant price when wanted for
railroad purposes.
ut is understood and expected
that owners Of farm lands needed for
right of-way, will accept stock in
payment therefore. 1t is also under
stood that farmers who reside and
own land on either side of the new
line as located, for distance of
from four to six miles, will purchase
stock to aid in the. construction Of
the same. The people of cities and
towns, wherein the new projected
line is located, have intimated they
would also subscribe for stock, if
the proceeds were used for construc-
ton of the new road.
Deeds for about one third of the
right fway in county districts have
been secured, and paid for by MEM
bers of the corporation. There also
has been some right way donated
10 the company for railroad purposes.
There will be no salesman employed
to sell stock, as the company feels
that it can dispose of its stock with
out any help"
Route Indicated
A blue print indicates the route
of the railroad approximately as
follows: straight north from Fargo
<1pse to the Red River east of the
Gr Northern, crossing Sheyenne
riW It section 10, range 49, turning
west somewhat, running alongside
Great Northern through remainder Of
Cass county, and in Trail county to
sections % and q, crosses north
branch Elm river at section s, range
so, township l44 north, goes through
township l1G, crosses Goose river
between sections 20 and q, Frarge
49, goes through townships lat and
14S, curves west as it enters Grand
Forks county, lee~ing Trail county
At section 8, range 10, between Ben
tru and Americas townships, goes
through townships $50 and 151,
through Grand FORKS township, en-
tering Grand Forks on Washington
utr