Carroll free press. [volume] (Carrollton [Ohio]) 1834-1861, 1852-09-03

- -sft~'tN 80 IVY aoaAA4e u ttocA
subscribed, and donations amounting 70
SIX hundred and twenty-five dollars, making
total Of S2s, ,S75 90.
Nth these means the work Va com.
meneCd. A contract was made for the
graduation Of the entire line with one indi.
vidual, but in consequence Of the inability
Of the contractor to comply with his con-
tract, il became necessary to relet the work
inEmaller parcels An increased price was
paid for some Of the work yet il Is believ.
cd that the work has been done At sxcsed.
ingly low rates.
The graduation or road bed fromCarroll.
ton TO the Sandy Valley is completed, ex-
Sept in several places httle dressing I'D
is necessary, which sahb be accomplished IN
eight or ten days, By few men. ss,s.
Thof are about two and half miles 0f
superstrueturo laid down ready for thA iron,
Some difficulty IN procuring timber has
been experienced, which was not. apprg.
hended By the Board. A contract to fur
niih the climber for the entire road, bad been
made with one n. B. Lyons, who proceeded
to erect o steam saw mil, ,and make every
preparation, as the board supposed, tOeom-
plete his contract; but contrary 10 these :
expectations during the last winter, Mr.
Lyons utterly refused tOproceed to the full
fllment ofhis contract; and in order to 20
on with the work, and save to the company
a sum Of money that bad been advanced
him on account of timber, the only posi-
bic course that presented itself seemed to
be for the board to purchase the saw mill,
and have the timber sawed under their
own direction. Accordingly the mill was
purchased and they have been making ar,
rangements for timber in addition to that
new on hand and think there will be no
difficulty in obtaining sufficient to COM
plete the road and which, BY keeping the
mill actively engaged can be sawed in tho
next fifty or sixty days, There are mud
sills sufficient for two miles and ties for two
miles.
There have been expended in the loca-
tiOn Ofthe road for graduation, masonry,
right of way, engineering, timbers &c. &C.,
including the purchase money of the saw
mill, in the aggregate about Sl6,7Sl 00j
and for iron, of funds belonging to tho
company, S2,l0l 25, making total Of
SlS,SS2 25.
There remain in the hands of the com,
pany Of township bonds 800, stock due
and unpaid about $1,000, Sc, 500 of which
is good donations uncOhected 1916
Total S6,975. Also the saw mill valued
at $1,000.
The total amount realized from the sale
ofSl5, 800 OftOwnship bonds, was sl2, ,6l2.
The board regretted being under the neces-
sity of disposing of the bonds at any con-
siderable discount; but being unable to
dispose of them at home, as they supposed
would have been done and could have been
done, had it not been for the adverse efs
forts ofthose opposed to the whole project,
they were compelled to sell them abroad
on the best terms possible. Owing to the
representations Of enemies Of the work,
against the safety of the bonds, and their
very small aggregate amount, no greater
amount than that above stated could be re-
allied from them. a-.s..
The board succeeded in effecting a con-
tract for three hundred and fifty tons Of
railroad iron, at Sandusky City, o., on
most favorable terms. The price paid was
SIS per ton of 2,240 pounds The iron is
comparatively new, having been in use only
about two years is 3-4 to 7,S of an inch
in thickness aud of excellent quality
The opportunity for purchasing the iron
bcingsO favorable, and the means of tho
company so very limited, number Ofgen-.
tlemen kindly volunteered to advances
Seven Thousand dollars to secure the irona
A portion Of the iron has been delivered
at Oneida mills, on the Sandy and Beaver
canal. A portion Off the remainder is now
ct Cleveland, and the whole will soon be-
there ready fer shipment on the canal or
railroad as the board may direct. The iron
has all been paid for and a considerable
quantity of spikes, &C., have been purchas-
edand paid for.
The amount necessary for the complexion
of the road, ready for the cars to run upon.
it, is estimated by the engineer at SO, ,453
TO- This amount of course does not in
clude the price of any of the necessary
machinery for doing business on the road.
twill thus be seen that the road can be
put in running order for less sum than
was contemplated at the commencementof
the work. The estimate of the engineer
(Mr. Eichbaum) was about forty-four thous-
end dollars. This amount, the Board feel
assured, will not be required. Indeed they
have no hesitation in saying that forty
thousand dollars will cover the whole
amount.
1t will be exceedingly difficult to tell
when the track will be ready for running,
as this will depend entirely upon the
promptness of stockholders in making pay
ment of their stock If the necessary
means were in the hands of the company,
the track would be put down in less than
three months; and the only reason the
board are able to assign for the past delay
is the failure of stockholders to pay the in
stalments on their stock when due. OF
the whole amount of stock subscribed, less
than one halt has been paid, although ALL
oft is due.
There are many persons interested in
the construction of this improvement who