Grand River times. [volume] (Grand Haven, Mich.) 1851-18??, 1853-10-05


Companies. It was prepared few weeks since
| for the enquirer. We do this because we con-
slider the information reliable. Mr.. WALKER,
President of the o. & o. r. X. Co., when
here short time since, informed US that the
statements in reference to this contract were in
all important particulars correct The arrange
ment is such that comparison between the
two can be very easily instituted.
Synopsis of the Contract for Building the
| Oakland ~ Ottawa Railroad.
!. The contractors are to build first class
Road, with all depots, merchandise and passen-
ger cars, station houses, water and wood hou-
ses machine shops, fixtures, &C., in fact to fin
ish the Road in every particular, including II
miles of turn-outs, furnishing every thing for the
sum Of $4,500000, or at the rate of $4,000
per mile.
g. The contractors are to furnish Is first class
locomotives, 90 first class passenger ears, half
with saloons, 400 merchandise or freight cars,
800 of them close, 20 hand cars all of the roll
ing stock to be equal to that of the Michigan
Central Road, which is supposed to be the best
on any road in the United States
3. The Road is to be laid with iron weighing
not less than 10 tons to the mile, which is 70
pounds per yard.
4. The contractors are bound to finish the
Road and deliver it to the company within two
years from the day of being notified that $780,
900 of cash subscriptions have been obtained
payable not less than five per cent, per month.
5. The contractors are to be paid the $780,
900 and the balance, Ss2,500,OOO in six per cent
bonds, and the remainder in the stock of the
company-the money, stock and bonds to be
paid to them pro rata as the work progresses, on
the estimates Of the chief engineer.
6. The contractors TO pay interest on all mon.
les paid to them, semi.annually until the Road
is completed; also to refund to the company all
the expenses of the engineer department, and to
pay for all rights of way to the amount now es-
timated by the engineer that it will cost.
7. The engineer to be appointed by and SUBJ
ject to the control of the company
s. All plans, specifications, &C., to be made
by the engineers and confirmed by the compa-
ny.
9. The route or line to be designated by the
company.
10. The contractors to give security in the
sum of $25O,0OO for the faithful performance of
the contract, and if the company are not salts
fed with the security to retain q per centage of
the monies due them until it amounts to that
sum.
| IL. The contractors are not to vote on any
stock received by them under the contract The
company take no responsibility about negotia-
ting the bonds or stock which is to be paid to
the contractors. When they have secured the
100000 of cash subscription then their duties
in that respect cease, and the contractors take
the responsibility and burthen off the company.
Synopsis OF tho Contract for Building the
Port Huron d Lake Michigan *. IL.
pf ora n hni n fret cI
Road with all depots, merchandise, and passen-
ger houses, water and wood stations, fixtures,
&C., in fact to finish it in every respect, for the
sum of Gl 100000 sterling,or SsS,OOOOOO, which
is at the rate of $4,000 per mile.
2. The contractors are to furnish 90 locomo-
tives, half freight and half passenger passen-
ger cars, 10 second class, 200 freight cars, 25
hand cars all to be of such character as shall be
, approved by the chief engineer.
3. The road is to be laid with iron weighing
not more than SO pounds to the yard
| A. The contractors are bound to finish the
road within two years from being notified that
the full sum of $S,OOO,OOO has been raised and
is ready in the treasury Of the company
5. The company is bound to procure $780,.
600 ofloca subscription, and procure an amend
ment of the charter, before the contractors are
bound to proceed with the work.
6. The contractors are to be paid from time to
, time on the estimates of the chief engineer, in
cash, at and after the rate of the contract.
7. The contractors to pay interest on all mon
ey paid to them until the road is completed, and
also to pay the officers of the company, &c.
8. The engineers are to be nominated by the
contractors, subject to the approval Of the CON-
pany.
g. The route or line is to be fixed by the con-
tractors, subject to the approval of the company
and in case Of disagreement, to be submitted to
arbitrator.
10. All plans, specifications &C., to be fixed
by the contractors, subject to the approval of the
engineer; but in case of disagreement between
the contractors and engineer, then to be deter.
mined by arbtrators but the contractors are to
f have the time extended three years and a hall
, from the decision of the arbtrators.
IL. The company to retain per centage un-
til it amounts to f3S, 500 sterling, or $4,000
The CHOLERA IN EURoPE.--The occurrence
of three fatal cases at Liverpool has been men.
: toned in the last advices. Information from
Hamburg is that Asiatic cholera, which for sew.
era weeks has appeared there in single or iso
D lated instances only, forming what is technical
ly called sporadic" cases, is now assuming an
epidemic form. There appears to have been in
8 all from 100 to $50 cases of the disease, abou,
!, two-thirds of which have been fatal--a crcum
stance which proves the extreme virulence of its