Wisconsin tribune. (Mineral Point, Wis.) 1847-1854, 1852-11-11

JoHN KEEr. Beloit
DAVID A. Neal. &
GEORGE GRIsygoLD. Directors Of IPs Cent. r
Directors elect being present the time of
the election any other officers than chief engn
postponed until noee could be given the absent D
rectors Col r b Mason Chief Engineer Illinois
trail appointed Chief Engineer and the board adjourn
ed until the 22d October when permanent officers elected
for the current year follows:
Moses VI STRONG. President.
r. B Mason. Chief Engineer,
THos ALLEs. Secretary,
FRANcIs YIvIAs Treasurer.
The Company being thus organized far could be by
election Of Directors and the officers Of the Company the
thing demanded attention of the Directors
consideration OF the probable Of the road and the ways ana
means for its construction
Tie Chief Engineer had previously the election of officers
the line of the road of his assistants with
veyng party who the 23d October completed the survey Of
one of have been proposed for the road This
line followed the Mineral Point Branch the PeketOnca
valley that valley Wolf creek and up Wolf creek
to line The Directors have yet been furnished
official report of this survey they they
will lay before the public They however informed
bay By the assistant Engnee that the highly favora
BILE both regard grades and bridges That for the
miles the grade is less than % the mile for the
miles Ito Wolf cree) only 1IlOO feet the
mile and for the remainder the distance, fraction
miles, much heavier grade w have be adopted probably
the mile The whole distance by this
from Mineral Point to the State line is miles chains and
from the State line to the Ills Central Rail Road only four
chains By this there of less than thousand
feet radius very few less than half mile Only five brdg
es across Peketona will necessary very few across
the Point Branch Wolf creek direction can be
given the Of those in the
entertainments of the road.
No certain estimate can be made Of the cost Of the road until
report detail Of the Cef Engineer received but suf
has been obtained enable
make approximate estimate which it is believed will
very truth and which will be enough for
our present purpose submitting estimate the Directors
So Of 0vvlfo
large enough all tie expenses constructing equip
ping the road but viii P.obaby leave much surplus
The consideration relates the mode Of raising the
necessary the read, upon this estimate
The only mode BY which the necessary funds be raised
i IS Of stock subscriptions and loan the bonds
Company Drectos have the satisfactory reasons
believing if reiabe stock subscription shall made
Of thousad shares (32OO O00) By persons re
in immediate veuty of the road and who their
supposed beve informed in relation to the val
ne investments tina: they procure from
persons directly interested Chicago and
the Ills Central r such additional subscription
stock will enable successfully negotiate loan in New
York the bonds Of the Company for all in addition
Stockholders will be required
complete and equipment of the road
The practical question presented for the consideration of our
fellow elk subscription be increased to the
requisite of tho.sand shares If and shall
be- Directors have hesitation assuring Sockhold
the public that BY the January the road can
entirely completed substantial manner with
heavy rail from the Illinois Mineral Point thus form
ing uninterrupted railroad alena and Chi
eago and indeed with the ely Of New the eoutra
~ the people interested shall neglect to contrib
their this sia the enterprise will lin
ger ard anguish and probably fail altogether
Asalready remarked Is shares before cleo
Directors and since that been subscribed
leaving bat 759 which fellow are called pon
TO subscribe make the number of O0C shares
the completion of the road The Directors now most
gently press upon their fellow citizens By every consideration
which addresses itself either their public spirit nat
pride of home forward important cr
and they have already subscribed to increase their
scrpons and they have longer but with
united and vigorous effort furnish them the requisite
Of stock subscription and they pledge themselves that
effort their part shall wanting faithful discharge of
the responsible trust committed to their hands
They Will proceed the changes which they have
adopted with reference the of subscription and will al
submit estimates which they have to the pob
bic the road and relation to the col
lateral advantages result fellow citizens in all of which
it hoped they viii suent indueeent contribute the
amount OF stock which IS required
The Directors have prescribed of the permanent B
Laws the Company that shall be allowed to all Stock
holders at TIE Of r csat2 per qua on all sum.
paid Ii by stock o the date payment until
the road completed and in operation they have fur
Their prescribed and adopted of the conditions sub
scrption only dollars shall be paid each at the