The miners' express. (Dubuque, Iowa) 1849-1854, 1852-03-03

Q the President and directors OF the On
North.
GENTLEMEN:
In obedience to your order of
an 23d A. d. 1859 we beg Lave to make the
blowing rrPor. of cur dongs as the agents of
ne Company from the date nt our appointments
n the 18th OF Feb. A. ID. 1851 and the 18th of
sept. 1881 respectively. The amount Of stock
ubrcribed tor and "h which the one per cent
cquired by the articles of incorporation had {
'een paid, amounted to SAT shares ar shown by
he secretaries Books and Treasures receipts
VI this date. Great efforts were made by your
agents to procure additional subscriptions to
stock, and at the meeting held on the Both Of
April 1851 we had the honor Of reporting the
sale of22O shares more at this time great eff rts
were made by all the friends of tue enterprise
to secure the stock to the amolnt required tor
the commencement of tho work, meeting after
meeting was held and your agents visited every
place that it was thought stock could be Sold
From all the data of the Secretary and your
agents it was found upon snpposlton from Ger
tifcates of stock to be in the hands of Commas
sioners appointed by your Board that at least
1000 shares had been disposed of and that
though this amount had not been paid into
hands of the Commissioners about the l0lh OF
May it was urged by the friends of this Road
that this work should be begun. In order to
do this it was proposed that " persons should
subscribe for 20 shares each on which the one
per cent should be paid III 50 that the work
could 90 on. This was done, and instead OF the
lou having been sold as was supposed there
were at this date only l344. Your Commls-
sionels proceeded to II intending to credit the
4l0 shares taken by he 20 as stated Since
tina; time we have sold and received the one
per cent upon 322 shares making the aggregate
If stock sold 10 TINS date exclusive If what has
been sod in Linn and jones Counties since The
10th Of may 1851 on which no money has been
returned TO the office, 1000 shares leaving a
deficit Of 334 shares TO be made up by the ~
% be refund d them when the same shall have
been sold or at their option TO take unqualified
~.
Add to the $l666 paid in 1894 and ycu have
on the first insiaIlment of one per cent the
IS IN of $4,000 in the Treasury. Your agent
Mr. Langworthy reports his sales in Linn and
Jones OF this date at 2:}3 shares which gives a
total Of first instalIment of $2233.
On Sept. 18th 1851 your Hon. board called
for second instalment OF one per cent which
we were ordered TO collect as speedily as posi-
BILE in order that the expenses of the survey or
dered might be met. We have done all W,
could save resorting to the arm of the Law ant
now beg leave to report that we have collected
in all the sum of$715 90 of which MI Langwor
thy collected $437 90 and your agent 1915 On
leaving deficit (upon the whole stock sold o
2233 shares) Of $l5lS 90 on the 2nd install
ment
The amount of money paid in by agents t.
Commissioners, on which receipts have bee
given of first installment to February l8t
1852. 81 Goo On
On second installment us 0
Total to date, $9,35l OF
Ants due to date on LIST instalment, s. 6
end Is /
Total, $50
Making on lst and I'd lnstallments Of
one per cent $4,466
At a meeting Of your Hon. Board held o
| the Goth of April 1851, an order was passed i
favor Of Major T. J. Mexican, for his expense
in making Survey Of route to Cascade {
| $40 O5, which was paid. Your Honorabl
| Board further ordered a recngnoisance of tn
East end of said survey, for which J. M. Mars
was PAID the sum Of $65 20. ON Septembe
18th, 1851, your Honorable Board appointed
committee to employ suitable Engineer to re
survey said line, which was done by S. Dwig
| Eaton, ESQ at an expense of 1857 O2, whic
has also been paid. On the 18th your Honora
BILE Board ordered the agents to have the lin
surveyed and permanently located from Du
buque 10 Cedar Rapids. This has been done a
shown by the report of S. Dwight Eaton, En-
gineer, to your Honorable Board on the 23rd @
January 1852, at cost of S., l69 97-of hi
sum 1887 80 has been paid by your agent:
making in all for surveys paid by your agen,
as shown by the Secretary and Treasurer
Books, the sum of $2,235 90 add to th
| $l75 IL, which has been paid for incidental
as shown by vouchers, and you have the tots
paid into the Treasury as shown leaving a
outstanding order on the Treasurer in favor ,
S. d. Eaton of s ,232 OF. We have show
| that the amount due upon the first and secon
| installnent unpaid is $2,0S5 q
Deduct the Debt for Engineering, 1889 0
Leaves in the Treasury 1852 9
when the whole OF the first and second ir
stallment shall have been paid in on 2233 hare
sold
| Your agents beg leave to report that the
| have taken much time and trouble to procur
tn. right of way 100 feet wide from Dubuqu
to Cedar Rapids via Cascade, Anamosa, an
| Marion, and hlv' in most cases succeeded
Near the CITY OF Dubuque, a sum of the valu
of the lands occupied by the Il lad will have
b. paid az viii be shown by The various contract
IN ID aad herewith presented Wherever
could be obtained an absolute Release mas bee
given as is also herewith shown. In man
cases he lands along the line are owned b
minors and n"n-res,den,s, in each and all
| these jury will have t. be held to assess tn
damages. 1t is believed that if taken at a
early day the right of way will cost the Con
pany but liltle-we beg to refer to exhibit A
detail.
Your agents complied with your order of III
18th, in which you instructed us to purchase f
the Company the vacant land on the line
rider t. tind time we employed w. A Clar
Esq, who has reported the land shown in ez
hbt B. Your Agents have been unable to en-
ter any of them tor The want Of Funds, but hes
itaie not to say that it would be safe and pref
able investment for the company. 1t will ais
be seen by reference to exhibit A that suta
Bile grounds have been secured for Depot
along the line which may safely be said to b
of great value. We also ask to refer you t
exhibits G and ID for minute statement @
sales Of stock and payments to the Engineer
and others, all of which have been submitte
to the Secretary and Auditing committee ap
pointed Jan. Odd 1852, and admitted to recor,
by the Secretary.
Your agents, in conclusion, cannot refrai,
from congratulating the Company upon tin
prospect of grant of land by the present Con
gress to our young State, a part of which is TO
Road over which you have located and may b,
said now TO occupy. With this to aid exoeri
ence and reason teach that We need not fear tn,
result, as an investment of capital, nor as bene.
hc:ares to our common couutry-need we be il
the rear; for we shall be able only by this erea
Improvement to develope the resources of on,
country and stimulate the energies of our PEG
pie.
We have said your line was located, and it is
now ready for contracting. We do hope lha,
after all the toll and labor of our Engineers and
those who have thus far nobly stond up under
all the difficulties that have been encountered
that the work will not be allowed to stop; but
that the energy which alone attends success
will mark your way. We cannot feel that our
task is done as your servants until the debr
which now hangs over us has been paid, for the
faborer is always worthy OF his hire. We ask
then again, that you will provide for the paw
ment OF this debt at your present session, and
feel when we add That as we have made no
charg" for services which have been rendered by
us, TINT we shall have the satisact on Of know
ing that our appeal is not in vain. All of
which is most resp 'c'iull. submitted by
WIN. Y. LOWELL,