Burlington hawk-eye. [volume] (Burlington, Iowa) 1845-185?, 1851-06-26
BURLINGTON HAWK-EYE.
Ilroad Meeting at Knoxville.

The Railroad Meeting at Knoxville.
We had time to do little more than announce
in our last, the organization Of the company for
the construction Of the Railroad from Peoria to
this place. We have since learned some further
particulars of the meeting. The following are
the names Of the Directors in full:
James W. Grimes and Charles Mason, of Bur-
lington.
A. C. Hardin and Samuel Webster, of Mon
mouth.
James Knox and julius Manning, Of Knoxville.
Asa D. Reed, Of Pennington.
Rudophus Rouse and w. Cookie, of Peoria.
James Knox, of Knoxville, was chosen Presi-
dent of the Company, by the Board Of Directors,
and Mr. Phelps of Peoria, Treasurer.
The Company will commence the construction
of the work at Peoria, running from thence to
Pennington on the graded route of the road COM
menced by the State Of Illinois some years ago,
which the Directors were authorized, by resolu-
ton, to purchase from the State. This part of
the road will be put in operation with the least
possible delay.
Resolutions were also adopted pledgng the
faith of the Company for the construction Of the
| road from Peoria to Monmouth, and thence upon
direct line to the Mississippi river opposite
Burlington, leaving the building of the road to
! Oquawka to be determined upon as future events
| may Justify. The Company is further pledged
| to declare no dividends until the road shall be
| completed to Burlington. All dividends will be
invested in certificates of stock, and the earnings
of the road will be devoted entirely to its speedy
completion.
To say that we rejoice at the favorable auspices
under which the Company has been organized,
and at the spirit and harmony with which the
proceedings Of the meeting were characterised.
would but very feebly express our feelings
Commenced under such auspices, we can but look
forward to the consequences to result from the
successful prosecution of this great work, with
feelings Of peculiar pride and pleasure. To Iowa
and particularly to the portion of orr State lying
west of us, the benefits to be derived from thi:
road are almost incalculable. To Burlington
will their eyes be turned, as the point of commit
nication for them, with the east, the north ant
the South.
But there is work for us YET to do. We shonlt
not set ourselves down in supineness, satisfied
with our efforts, and say that the road is bull
and our interests are secure. Our exertion
should be untiringly given to increase the sub
scriptions to the road. The Board of Director
are men Of character, standing and business ca
pacity-n every way entitled to the confidence
of the community. But the friends Of the roaf
must not leave to them the whole work to do
They must strengthen their hands and encourage
their hearts by large additional subscriptions t.
the stock of the road. For what they have al
ready done they are deserving of liberal thanks
but they must not think that they have dom
enough, until the whole of the stock is taken, tn
road built and completed, and the cars upon thu
track. Success must be placed beyond any pos
sible contingency.
; We omitted to state above, that the Director
were authorized to negotiate the bonds of tn
} Company to the amount of $500, 900 and to pleds
the subscriptions and property of the Compan,
! to secure the payment. The means of the Com
panv. the favorable nature of the country throug
which the road runs, and the enthusiasm mani
tested in its favor will doubt give these bond
a ready sale in the market