Glasgow weekly times. (Glasgow, Mo.) 1848-1861, 1856-11-27

SUBSCRIPTIONS at
present of Adj
air and Schuy-
Ter counties,
$4,000 each. 100000 90 100000 90
Deficit TO complete this portion
ofthe road''.. ...ss. ...,NN -. - ,1S7,101 90
To which add sum required TO
complete the road 10 the line
OF the Hannibal and ST. Joseph
road ....,. ,.,..., ...... ....s.S 81 Bog 600 90
And we have the total at this
time required to complete the
road to the Iowa Stat line.. SO, 749 ,101 S5
This deficit will be reduced in proportion
10 the aid obtained from the counties Of the
line. 1t is of the utmost importance that
the counties act promptly and literally for
upon their action depend, in my judgment,
to great extent, what the State will be
willing TO do. feel confident, that, if the
counties will do their duty. | shall be able
to obtain such Legislative aid as will enable
us without delay to push our road to COM
pletion and am well satisfied, that within
fifteen years after the completion of the
road, the Company will be able TO sell, at,
il not above par, enough of its stock 10 pay
off every State bond issued to it, and that
the road will speedily after lis completion
become a dividend paying road, SO that no
one need regard the stock of this road light
ly. Ii traverses one of the best agricultu-
raj portions of our State, and will have no
river or railroad TO compete with its BUSH
ness. In addition othis advantage it will
have as feeder two hundred and two miles
of the Hannibal and St. Joseph railroad,
which costs this company nothing. The
people on the line Of the Hannibal and St.
Joseph road being citizens Of our State, will
prefer to trade in their own State, and ST.
Louis will be able to offer them inducements
that will cause nearly all the produce raised
for market on the line Of this road 10 be
brought over the North Missouri road, and
in turn our road will carry the groceries
and other commodities required by the ciIi-
gems Of our State, living along the Hannibal
and St. Joseph road, TO be distributed 10
them. In addition to this, we shall have
the Weston and Randolph county railroad
as feeder, one hundred and thirty miles
long which will be built within the next five
years, as the people of the counties, through
which it passes, are able to construct it
themselves without the aid Of the State, il
the State should r,el unwilling to 60. beyond
the completion of the present system OF
roads. We shall also derive an immense
trade from the State of Iowa. From all Of
which am well satisfied, that it will be
only a short time after the completion of
this road, before its stock will be eagerly
sought by capitalists for investment. The
sooner we can get the means TO complete it,
the sooner we will begin 10 earn something,
add stop interest, which adds SO much TO
the cost of the construction.
] have endeavored 10 give you as clear an
understanding as possible Of the exact con-
diton of the company. 1t has been from the
beginning the fixed and settled policy o! the
Directory TO state truly, what they believe
in regard TO the road, and not to permit any
one to be misled Intentionally. They never
believed it WAS wise, or proper, to endcavor
TO make the stockholders, or the State, be-
lieve this road was going to cost less than 1t
really would. ! believe the road will GER
tainly be built within the estimates herein
stated, and which were presented in the
last annual report of the Directory.
design TO make similar application to
other counties along the line Of the road,
that are still able to aid us further. St.
Louis, Randolph and Boone counties have
subscribed all that can be asked OF them,
and no one need feel any apprehension, that
Boone county viii not very shortly pay up
her liberal subscription Of one hundred
thousand dollars. ........
Many of the counties North of St. Charles
are sparsely peoped, but | have assurances
that satisfy me they will give the Company
800, each, On the terms herein sugges-
ted. ...
Praying your favorable consideration Of
application, have the honor TO be most
stpeetfully your obedlent servant,
| Isaac Fl. SrURG EoX,
President ofhe North Missouri Railroad
Company.