Burlington tri-weekly hawk-eye. [volume] (Burlington [Iowa]) 1852-1855, 1855-05-16
Our Western Road-Shan it be Built?

Our Western Road--Shau 1t be Built? |
The new President Of the Road has
called meeting Of our citizens at Marion
Hall this evening to take into considera-
ton some plan by which this enterprise
can be placed on better footing than it is
at present.
That the Burlington and Missouri River
Railroad will be built--must be built, at
no distant ds--is foregone conclusion.
When shall it be done, is question Of
paramount consideration just now. The
position we are occupying is certainly a
critical one. If we postpone the prosecu-
ton of the work any longer, rival routes
will be projected, and rival roads will be
So far ADVANCED as to render our road of
but little value to US when Completed
cutting off our city almost entirely from
the. benefits of free Railroad connection
with our friends in the interior. Shall we
pursue course SO utterly suicidal to our
best interests? Let us look at the ques-
ton as it stands at the present time.
We have road almost entirely graded
as far as Mt. Pleasant, with large proper
ton of the ties scattered along the route
ready for use. We still have a large
amount Of the securities untouched and
free from any incumbrance whatever-a
few thousand dollars only of the hands
having been hypothecated for the security
Of comparatively trihing debt of the
company We believe there is an album
dance of means to put the road in suita-
BILE condition for the iron were they only
available. The recent depressed condition
of the Eastern Money Market, now bu,
convalcscent, would entail too great a sac
rifce to attempt the conversion of these
securities into cash capital just at this
time. We understand that the route tt
Mt. Pleasant can be put in readiness foi
the iron in very short time if the compa
ny had forty or fifty thousand dollars ii
cash. This amount raised, and the neces
sary work done, it would be no insurmount
able object to obtain sufficient supply 0
iron to lay the track and furnish the ne
cessary rolling stock for the road from tn
enhanced value of our bonds and the con
sequent improved credit of the roa,
itself.
There are conflicting opinions as to tn,
manner in which the work, under the pc
culiar circumstances, should be prosecuted
One plan suggested is to place the work il
the hands of contracting agents to 60 Oh
and complete it, and then look to the flu
ture earnings of the road to reimburs
them. The other plan is for the compan,
to build the road upon their own response
bil'ty and the securities already belongin,
to the enterprise. The latter seems to b
the favorite one as combining greater eff
cheney, sefety, confidence and economy
While the company desire the. completion
of the entire line to the Des Moines Rive
as soon as practicable, we believe it is onl
proposed to build it to Mt Pleasant a
present, and by this means restore the flag
ging confidence of those beyond that point
when they viii soon be enabled to carry
on to completion
Now the question presents itself, no,
shall the immediate necessities of tn
company be relieved? We expect til
question will be thoroughly canvassed a
the meeting tonight, and we hope som
plan will be devised by which the way
and means will be promptly provided fo
an early resumption of the great work.
To Whom it may Concern.
We renew the notice which we have be