The Tipton advertiser. [volume] (Tipton, Cedar Co., Iowa) 1856-1962, 1856-10-11
Great Western Railroad Company, as

4
contained IN the Code oil Iowa, approved
February 5sh, 1854, and the amendments
thereto. ,........
The cenaitions upon which we respec.
lively subscribe, are as follows:
The Road being divided from the Ms
sisslppl river, to Iowa City, into three di.
visions: FIRST Division, from Camanche
to the ives. line of Clinton county; Sec
ond Division, from the cas-. TO the west
line of Cedar county; Third Division,
from the east line OF Johnson county 10
Iowa Cny. ..a ...s.......sI ...
Our respective subscriptions shall be
applied In the construction of the Division
to which We respectively subscribe. We
respectively agree TO pay Cor secure to
pay when called for one per cent al the
lime ol subscribing to be applied in ma
king the necessary surveys and location
OF the Road and other preliminary ex-
pcnses; and four per cent OF which twen-
.y days general notice must be given and
the balance In ins,allments not exceeding
ten per cent. al any one call. for which
thirty days general notice shall be given,
provided tina, not more than ten per cent
shall be called for until the Stock SUBJ
scrip,ions shall amount to sufficient sum
to complete the grading and masonry
from the Mississippi river to Iowa City,
as estimated by the Chief Engineer Of
the company.
II is understood and agreed that ten
per cent. shall be allowed upon all pay
ments on Stock Subscriptions, from tn O.
time OF being paid, until that par, Of the
road upon which our respective subscrip-
lions are made shall be operating and in
use in the possession Of the company
The said interrst.or allowance, of ten per
cent. shall be credited upon the Stock
subscribed by us severa!ly.
1t is further understood and agreed,
that we sererally who subscribe land will
transfer the same TO (here The names of
hs Trustees Of the rsspectius counties are
to be insertcl,) to be by them held in
trust and paid 10 the legally authorized
p1 ties, TO be used in the construction Of
said Railroad, in all respects in con. n.or.
mity with the tenor of slbscri pl IONS to the
>took Of the GREAT WESTERN
Raifoau , as heretofore mentioned. 1t is
further understood and agreed, that in
case the lands subscribed by us sevcra'iy
Is not taken at the price fixed by us, then
eaeh party shall appoint one dIsinterest.
ed ireeaolder, resident of the county in
which the land is located, whs shall as
sess the value Of said lands, and il their
assessment, agree it shall be binding up
On both parties. Ii the two freeholders
appointed by each party cannot agree
taey shall call 10 themselves one other
dislntelested person, freehoIder and
resident # the ecuntv in which The land
to be valued lies, and upon two OF sand
tfeeholders agreeing upon tie value, each
party shall aud hereby bind themselves
to abide the valuation.
The Gen. reviewed the above, showing
that 1t was within the power of all 10 as
sist In the great work, and related his
experience in railroad matters, showing
that BY unity of action the road could
be rapidly made. HIS remarks had a
good effect and doubtless were the means
OF convincing many who heretofore were
unbeliesers in the road, that it could and
would be built. He desired to see all
interested alasg the line, do all within
their power, and then he wouid see mbat
he could 10.
Mr.. John Clark, of Iowa City, was
then called upon. He made few per-
tiaent remarks and desired an expression
Of the people Of Upton, 50 tha, he might
better be able to present the matter to
tn citizens OF Johnson county. He be-
lieyed the Great Western" would be
good investment, and doubted not that the
first year alter It's completion il would
pay fceaty per cent He also alluded to
the fac. taat since the completion of the
Mississippi and Missouri railroad to
Iowa City, property had increased from
3G0 TO 1000 per cent,
James w. Bagley, Esq, being called
upon, made a few remarks, showing
clearly that the present prospects for get
ting 4 railroad were very ilanerinr, and
urged upon all the Importance Of imme-
date aeuon, stating that he had more
conlldeEce IN the present organized COM
pany than any OF the former ones. lie
would yooch to the gentleman from Iowa
City tha, Upton and Cedar county, gen.
orally, would do all within their power.
We know the men. aud know them TO
be good and reliable meu, men who are
interested in the road, and thus knowing
them, lear them not.
5. J. Crew, Esq, was next called up
on, and he gaye very fiattering account
Of the present prospect for getting rail-
road. Already, apparently did the town
OF Upton seem TO be Frightening up, and
when once 1t was fixed fact that we
were going to get the road, impetus
would be gwen to the town, and Upton
would soon be able TO rank with many
older towns and cities IN the State. tie
believed this to be the best and last hope
Of ue,ting road, aud should the present
favorable opportunity pass by unnprog-
ed, no other earthly hope was left US
town would become desert, and fit
place only for the wolves OF the prairie.
He believed that $500, 900 could be rais.
ed IN the county which would secure the
road IN connection with the amount raised
II Johnson add Counties.
Messrs. Starr, Bets, Chambers, Bred