Glasgow weekly times. (Glasgow, Mo.) 1848-1861, 1854-09-21
North Missouri Rail Road.

| We take the following eXtracs IRON an
article in the St. Louis Intelligencer, on
the subject of the North Missouri Rail
Road
"The means at the command of the COM
pany are such as give it a reasonable eXpec-
tation, indeed moral certainty, of exhaus-
ting in this way the promised credit of the
State. The company has one million dol
lars in city and county subscriptions, five
hundred thousand in each, payable in bonds
which the contractors take at par, and which
are, therefore, as good as cash; more than
one hundred thousand individual subscrip-
tions in St. Louis county, also as good as
cash; three hundred thousand subscribed
by contractors; one hundred thousand sub
scribed by St. Charles county; fifty thou
sand by Warren county; besides other sub
scriptions which will make the means of the
company one million seven hundred thou
sand dollars; the remaining three hundred
thousand it is believed that it will not be
difficult to raise by subscription amongst
those to whom the road will be an immedi-
ate and incaculable benefit, and thus the
two millions required TO entitle the compa-
ny to the whole of the State credit will be
made up.
The estimated cost of the Road from St.
Louis to the Hannibal and st. Joseph Rail-
road is seven million dollars, including eve
ry cost for locomotives, road bed, and every
thing needed to make the road complete
1t is evident then, that further help will be
needed from the State and from other sour
ces. One million more of State credit, and
one million five hundred thousand more of
subscriptions, would, it is supposed so far
complete the road to the Iowa State line, as
to enable the Company to raise the means
without trouble on the Company's bonds to
do the balance of the work.
The road is under contract TO be compile
ted from here to St. Charles by 18th May,
1855, and in two and ahalfyears, from 18th
of last May, to the Hannibal and St. Joseph
line of railroad. There are now over 300
men at work on the road from st. Louis to
St. Charles, and in three weeks the contrac-
tors will be at work with large force on
the first forty miles beyond St. Charles, and
it is expected the last work will be ready
nearly as soon as that between St. Louis and
St. Charles. The people Of St. Louis, and
those interested in the matter, may, there
fore, feel assured that they will, by the fall
of 1850, be able to travel some forty miles
beyond St. Charles by the North Missouri
Railroad, provided State aud city and coun-
ty bonds can be negotiated at anything like
reasonable rates; and it is almost certain that
city and county bonds must get better when
capitalists look INTO the immense property
owned by the city and county, and the COM
parative smallness of the debt of each.-
State bonds will, undoubtedly keep good
All other counties besides St. Louis raise
their subscriptions by taxation. They
would be valueless otherwise to the compa-
ny. St. Louis city and county subscription
Paid in bonds, are taken by contractors, as
before stated at par, SO that it makes it as
good as cash to the company.
Nothing is needed now, but the manifes-
tation of a liberal spirit towards the road, to
secure its speedy completion to the fullest
extent. Its importance to St. Louis, and
to the whole line of country through which |
it is TO pass, it would be hard to over-rate.
1t runs, or is intended to run, and will run
when completed, centrally along the ridge
formed by the Mississippi and Missouri riv-
ers, at a sufficient distance from either TO Sc
cure it from all competition from them in the
way of trade. 1t runs through a rich coun-
try, whose unmeasured wealth, otherwise
destined to be lost to us, it will at once de-
velope, increase, and pour into our lap
The directory at least are not backward in
this matter, they have given the subject that
examination which has left upon their minds
profound conviction Of the importance of
the work to St. Louis and the country along
its route. They may be relied upon to do
their part towards the consummation of this
great enterprise, and will leave no stone un-
turned to hasten the events. Give them
the sinews of war, and they will speedily
the struggle to victory.
o.nooiallx, iptarpsta1 in ba ,,.orly