Burlington hawk-eye. [volume] (Burlington, Iowa) 1845-185?, 1851-09-04

The Railroad.

lican of Friday last. We are Sorry to learn that
the company are able to use so small portion of
the old grade TO Pennington, as we were in
hopes that by the purchase Of it from the State,
they would be saved an outlay of from SIXTY to
an hundred thousand dollars. The friends of the
road will perceive, however, that an entirely
practicable route has been procured up the bot
ton of the Kickapoo, by the Engineer, which
will considerably shorten the distance between
Peoria anu Knoxville.
As we stated in paper week ago, the
Board of Directors are DESTROYS that one hundred
thousand dollars additional stock should be sub
| scribad before they commence active operations.
They do not feel that II is safe to commence with
| less. II they can say that they have half mil
lion OF dollars subscribed 20 the stock of the
road, they can with confidence 60 into the mar
ke for the sale of their bonds. ana can readily
command all the funds they need for the purchase
of iroa and the Immediate completion Of the
| grade Burlington, it will be seen, is pledged to
raise t,centy,fee iaousaad dollars of the one hum
| lred thousand vet ueedaa to make up the neces
| sare amount OF stock.
| If the question were put directly to our citi-
zeas: ''Woad YOU be without this Railroad, or
would You see The project fall through, for want
of this twenty five thousand dollars - we i'm,
| agine there is not one who word not say at once
| that he would prefer that Burlington should M
dertyke to ra;se fifty thousand dollars, than that
| the enterprise should fail. And if it comes to
the worst, we believe that fifty thousand dollars
can be raised TO insure the completion Of the work
10 the bank of the Mississippi. But we are called
upon now for oaly $50 900 further subscription,
not more than one fourth of which viii be re-
| qlired TO be paid in any one year.
The citizens OF Burlington have already done
WELL Their zeal and l!berailty in the cause Of
tins road are duly appreciated by the people of
Illinois. But they are required 10 make another
effort, and it is hoped that the appeal will not be
made in vain. Ttcenty,fre thousand dollars is a
very small sum compared with the advantages to
be derived by B arlington from the completion of
| the road.
We state further for the information Of oar ci-
liens. that il the additional sum of one hundred
thousand dollars is subscribed 10 the stock Of the
road, it will be pat under contract from Bur-
| lngton TO Knoxville by the first of January
next: and the Engineer, Col, Morgan has en-
pressed the opinion that Tie whole line of the
road from Burlington to Peoria, can be put in
operation in eighteen months from the present
| time: .-.-
"PEoRra AND BURLINGTON RAILROAD CON-
| pANY.-We were unable TO attend the meeting OF
the Directors of the above named company. held
in this city on "Wednesday last, but from friend
who was present we learn that matters of the
greatest importance to the interests of the COM
pany were presented to the meeting 1, has been
found 20 be impracticabe to the old grade be-
! yond kickapoo. from the fact that the rise of
ground is too great except by the use of an in
cGned plane, and as those contrivances are behind
| the spirit of the age. and are not now used on
railroads where it can be avoided. it is deemed
absolutely necessary 70 select another route 10 as
cend the bluffs. This is peculiarly unfortunate
at this time. as 1t was confidently believed that
! the old track could be used to Pennington. and
TINS large saved to the company. We
learn that Col. Morgan has foand a route mp the
kiekapoo bottom that is entirely practicable. bu:
the abandonment of large portion of the old
grade will of course demand an additional outlay
of capital. The Direct rs are cool-headed, prac-
teal men. and will take no hasty. ill-advised
steps, and under the present circumstances they
feel like doing nothing unless an additional sub
scription of 500 900 is made TO the stock of the
company. This Is a large sum TO be subscribed.
in addition to what has already been done, hut we
believe the fate of the road depends on this a
mount being raised. Without THE whole scheme
falls to the ground, and we believe. forever
Now, what is the prospect? Glorious Bmlng-
ton was pledged in the meeting hv her worthy
representative, MIR Grimes, for an additional sum
of $4,000. This leaves S1s00a. Warren conn
" has done moce than her share already. The
hearies. capitalists Of Peoria, for reasons very
satisfactory. doubtless, to themselves, will no:
take stock in the road. although they would be
immensely benefited by its construction. The
question then is narrowed down TO tins. viii
Knox and Peoria counties make the additional
subscription of $4,000? This is a large amount
of money. but as so mach is at stake, we do not
believe that the men of moderate means of the
two counties will be so blind to their best inter-
ests as 10 suffer the scheme TO fall through, now
| that much has been done. The Alton and
| Springfield road wants connection with the
Mississippi. and If the Burlington road is suffer-
| ed TO fall Stl-hern. Of course one great induce
ment for extending that road to Peoria is want
Ing, and it will become extremely questionable
| whether that road is ever built"