The Ottawa free trader. [volume] (Ottawa, Ill.) 1843-1916, 1851-03-01


He showed that the completion OF this road would
cause reduction OF the enormous tolls which We
are compelled 10 pay an the canal That the rail
road can make money on carrying freight from pc
ru To- Chicago for what We now pay To the canal
simply ~ tn,ls-lhc grades upon this road will
be very small, SO that an engluc viii be able la
draw vastly more than upon the " csteuu road in
the state of New York The capacity Of an en-
CINE Is estimated by is weight aud the grade
It his 10 overcome ON the road To show tho dit
ference between transportation 10y canal and by
railroad he referred 70 the tonnage Of our canal
boats Tie wns Informed that they carried about
100 tons and moved at the rate Of about miles
an hour Now - ton engine would he able tn
carry the freight Of four such canal boats and
move at the rate of iron, 10 to 20 nil, per hour.
This great difference in foyor of railroads render
ed them the chcapes, known mode OF transporta-
ton Fork flour ,ec, could be- carried from here
to New York ly railroad for 40 cents per barrel,
and wheat. corn. oats, Nc, for cents per buShel.
And when We look at the great agricultural re
source, Of the country travrr~cd 10y tins road
extending through the mos, fertile portions ofthis
state and connecting Illinois with Missouri hy
running through the heart Of lows, Who can es-
Innate the amount ut business which Will be done
upon IT, In less tlmn five years tins road will
connect with over 900 miles ol railroad IN this
state. 1000 miles IN Iowa, and perhaps MS much
in Missouri all ccutrius upon b their vast com
mcrce to sweep over this IRON river tn the
markets of the ca-t-A- ror faciUig, for building
this rnal. there could hr mo- better It's heaviest
grades dl not cNctln ten feet to the mile, running
over uniform sWlsr'tcw streams 10 cross plenty
nr t,mh,r auI gravel near hv, willie iron can be
delivered Nv water at Chicago. Rock Island and
vcrn right from Euslan'-l Thought the road
could he built fr $4,000 per mile, but we did
not waHti'. lie preferred having good road ut
once Il would bc the cheapest IN the cul--lhe
Alton and Springfield road cost $4,000 per mile.
and thI, road should be equal 10 that one.--ihc
entire cot the road would be about $Sou0COO
some idea o( the amour; * the business that
this road would do could hc gained from the ira.
vel upon this route. 10000 passengers had gone
over uur canal lat season railroad would
carry four tines that number, say 400 per day :.
those At 30 each would alone pay ! o per cent.
on the rntrr roSt & t.Ie goad besides what would
accrue from freight But, the road woull onrrh
uS even II paid nothing by the facilities It would
afford ~ IN carving cur produce 20 market and
IN enhancing oUr property. But there could toe
no doubt about H. paving Investments in this
road hy farmers would pay hcttcf than II made ia
their farms, farming did not pay J o per cent on
the capital invested According 10 the Patent OF
flee Report, capital invested In l,rmHr. through
ont the United States did not pay over ; per cent
and IN soue states even no; over l. while this
was sure Ia yield lO--I7horers cuuli take stock
and work Il o1t--lIp expected this county To-
take 100000 worth of stock That it would not
create heavy tax II would not be necessary
to pay over ten per cent of th, amount the first
wear For this the county could issue bond,
which the company would take, and that all that
would have 10 be- raised by n tax would be the
-, u. 4 D.. ,s.-t Z.
there would d. enough Of the road completed To
paw this interest from it, revenues and the same
would be the case no matter what amount II
stock the county took The amount Of taxable
property in this county was over S9Oo0OOO; a
tax necessary to paw the interest ON ten per cent
Of 100000 would be les, than mill. on the dol
lar only assessed one year Judge Grant concu.
dcd by urging upon Us the importance Of subScr
hing literally, So Is 20 have the work 20 on i'm
meiaiely
Mr. Norris moved that the trustees Of the town
Of Ottawa be requested to take s25 GOO worth
Of stock
Mr. Glover desired to have the vote taken by
o division II the house
The vote was then tlhou-hut one out of the
largely attended meeting voting in the negative
Mr. Hise said be wa, instructed by Mr. Walker
who was present 10 saw that the firm n Walker
* licNIlhg WoNtl take M least 5000 worth Of
stock He stated this hy way " showing the dis
position Of ;lo.c pres ut
Mr Glover said that as he va, one of the rus.
tees ofthc town, he would prefer having III. mat.
ter more fully understood Tint he dill not feel
authorized IN take So5 600 ior the corporation of
Ottawa on thes'rrNgih NJ the vote iGst taken He
therefore moved that when this meeting adjourn
it DO so to meet or Saturday cverin. next to give
the citizens ofthc town chance To examine into
the matter more fully.
Mr. Norris moved that the chair appoint n com.
mittec Olive To canvass the town and procure the
signatures uf all who were 10 favor of,ubscriJng
tie $4,000
The Chair appointed Geo II Norri.. Z. Thorn
10. Glover, Y Osman, and l.. Leland SAIL com.
mittcc
Mr. Thorn moved that five more be added 10
the committee and that they be requested to re.
port NJ the neat meeting
Nherrrpo1 c. Never DR.. jos Stout. f. /. Wa.
terman VIM. Cog~vc,l. and John : Mitchell
we're added To The committee.
Tie use..ns then adjourned TO nice, on $atur
day evening next, in the court room.
u pv,S Sec. iva. HOES, Chairman