Des Moines courier. ([Ottumwa] Iowa) 1848-1854, 1851-08-15
From the Keokuk Dispatch.
The Desm Dimes Improvement


From the Keokuk Dispatch.
The Desm Dimes Improvement.
Contracts closed for The opening of the
iosOer riUer--Conditioaaily also for
me entire mork- Synopsis of the
contract.
We rejoice in announcing to our read.
ers to-day the following gratifying result
of The negotiation of the Commissioner
of the Improvement with Bangs, Broth
er's & Co.
As we stated on Friday, the Commits.
sioner, Register, and Contractor hare
been laboriously at work, since their re-
turn from up the river, in maturing the
contract for the completion of the In
provement. The specifications &c.,
covering some twenty-three quires of
paper had been drawn mp and were rea-
dy to be signed, when the adverse letter
of Mr.. Stuart was received OH Friday
evening last. This unexpected docu-
ment, compelled them to commence a.
new, and contract was accordingly
drawn up and signed this morning for
The immediate completion OF the three
lower dams and locks, and of the whole
work within the time and upon the terms
before agreed TO, provided the entire
grant shall be secured from the next Con-
gress. II will be seen that we have thus
gained the aid of others than our own
Congressman, 10 urge the matter upon
that body next winter. For our own
part, we entertain no doubt that the APP
plication will be successful. Ii will be
acknowledged on all hands. that the
highest credit is due to our State officers
for efIec,ing SO favorable a contract in
The face Of such adverse circumstances.
We mos, heartily rejoice tina, this most
important work, in the success of which,
The hopes and the destiny of the "Des-
moines Republic" are SO closely wrap
ped up, is now finally ensured a yigor-
Gus prosecution, with almost The certain
ty Of completion.
We have been kindly furnished by the
Commissioner with the materials for the
ioii0wlng Synopsis:
The contractors are 10 complete the
Locks and Dams at Croton, ('rhoms. J
Bonaparte and Bentonsport, which are
to be made passible for steamboats, by
the Is! Of February next. and finished
by the LIST Of October following.
In completing these, and any other
works, The navigation Of the river here
alter. is always 10 be kept unobsiructed.
II The present contractors. at the points
above designated. choose to GO on with
these works, and decide 10 do SO within
fifteen days, they have that privilege, and
Bangs. Brothers & Co., furnish the mo-
ney TO make payments monthly for The
work as il progresses, until completed.
In connection with the above arrange
ment, and in consideration Of it, Bangs.
Brothers. IL Co. have The contract, in
case The lands above the Raccoon Forks,
are obtained al any time prior tn the all
journment Of the next session OF Con
gress, for constructing the whole work,
and are TO complete il within four years
from the time when such lands are OBJ
tanned. in constructing said work, they
are 10 expend at least one fourth of the
aggregate amount which il will cost,
within each one of the four years; and
are TO build, FIRST the locks and dams at
81. FrancisviIle, Belfast, Plymouth Far
mington.) and Keosauqua, thus compile.
Ting the improvement between ST. Fran
cisviile and Keosauqua; after which they
are controlled in the proceedings, by the
Commiss ioner and Register.
All old liabilities and claims against
the work are provided for. &
As the work progresses, and payments
are advanced by Messrs. Bangs. Broth
er's d Co., they are TO receive certificates
to De termed constitution stock in
sums of not less than $500 each, and
drawing 8 per cent interest. The pay
ment of this is provided for out Of the
profits Of the work and proceeds of sales
of lands, which are devoted 10 that pur-
pose. un.ilihe debt is paid OF. when the
work becomes exclusively the property
of the State.
INV dtC uuhiCtOuS uctdhS III IcRdIu
TO the sales Of the lands, the payment
Of certificates of stock, &C., for which
we have neither space nor time, to-day.
Suffice il to say, for the present thai
there is an express stipulation in the con-
tract shat the parties of the first part
BangsnB roiher's a. Co., and all hold.
ers OF certificates of stock issued, &c..
shall look alone 10 the lands, moneys
and funds herein before named Chose
granted by congress for the improve.
ment) for the payment of their claims,
and the redemption and collection of said
stock.
Finally, said contractors. are 10 give
within sixty days, Bond in the sum of
$l0O 900, for the fnlfilImen, Of the con-
tract on their part, 10 be approved by
Charles Cook, at present Canal Commits
sioner Of New York, and VIM. Bouck,
formerly Governor Of that State, and
Washington Hunt. the present Cover
nor thereof, or any two Of them, or they
forfeit the contract.
The STAR OF TEMPERANCE, publish
ed at Keokuk, issued monthly, is hereaf.