The Davenport daily gazette. [volume] (Davenport, Iowa) 1856-1869, 1857-06-23
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NJ eslsr vailss Issa.
Mr.sxs. EDtrOas:--Believing your col
nmps 10 DO open tos the Tree discuss on Of
J n subjects in which the citisens Of Daven.
Dor, are interested. I take the liberty there.
lore to Offer lew remarks cn the loan ques.
lion.
I, will be remembered by the most Of our
and especially the mercantile
part, what . deep interest was felt ic~
shor, days since to secure the trade OF the
Cedar Valley--which 10 fast reced'ng from
us-by a direct rail road communication
with the town Of Cedar Rapids, and there.
by tap the trade VI that richest and most
fertile valley Of the State Of Iowa. when
the usject was submitted to the vote" OF
tho CITY, the question was not raised, VIII
the N. e. NJ. X. r. Co. take the enterprise
under their care and protection. or will
Messr.. Farnam, Durant and others cub.
scribe to the capital Stock But the ques
ton was a direct one-will the city Of Dav
export lend her aid, to the amount Of $3.50.
foo to construct . rail road TO Ceds'
Rapidsl The response came from the bal
lot box, ~ will. and the news went abroad
with the rapici,y Of lightning. and the IN
hsbitan,s along the line responded, ~ va
help. But bark. there il another qaestlr'
To be settled, the N. l. NJ. r. u. ~ a."
no, complied with II. ~ -, :,
| SO, by which tts
-, ifth street with their road;
Wy ionor. the Mayor. resds message
The Council, Agains, the Rail Road Co.
'for Noncompliance with their contract.
aud recommends the Council TO take mea.
sures TO force q compliance ON the part VI
the Company. An injunction Is threatened
and Mes-rs. Dix. Durant and others are
autographed that the vengeance Of the
Mayor and Council OF the City Of Daven.
port 10 about to descend like On avalanche
npon the fsted n. 4 NJ. K. X. Co. Presi.
dent Dix hasiens to the Sescue-and before
The re, erbrations Of the voice Of his honor
nave died away in the hall Of the City
Council. their ears arc salu,ed with the Gil,
ran sound OF $4,000 yes. $50 900 are
'fered ~ Gen. Dix for Fifth street, and
lie hare. communicates the fact TO the
souncil. and all 10 passivc-,he Mayor b
ZONES perfectly dociie--an ordinance 10 ID
reduced. hurried through the Council. and
inaliy passed, before the 6rst act In the
Isrce appeared 10 print by authority. snd
Fifth street was sold (irrevocabIy. / o, an
amendment prevails. and irrevocsbly 10
stricken out.) Tor $4,000 Of the bonds of
he 81 division, or Skunk River Branch.
II the NJ. & u. X. R.. worth what, We
Ire told they draw ten per cant. in,eres,
payable in more bonds. } aud 10. the city
mid them and issue her bonds. We think
The will hold them for somc time before
hey can be sold 'or their iace. The wrath
II the Mayor and Council have subs,dsd-
he scenes are changed aud the second
let begins. Gen. Dix informs his honor
hat the II. L. n. X. X. Co. will not un.
ier,ske the Cedss Valley Road. and com.
the fact to the Council. and re.
commends the transfer Of the $3.50 zoe
voted for the Cedar Valley Road, to the
81 division Of the NJ. & n. X. r., end
heaven and earth ere to be moved TO carry
In, vnis In f.vns ~ Ar. s..~.t~. A. I
ask ~hat has wrought such change in the
minds Of the Mayor and Council I Has the
Cedar Valley trade become OF less value
10 the city OF Davenport. Or has the City
Council discovered some other paramount
interest that the people have no, the saga.
;ity to discover There is sonnet hing be.
,'nd all this movement which demands On
explanation. With such NANTES. vasciis.
ton Of the Council. We are not willing to
place at their discretion the $3.50 600. and
leave the Cedar Valley Road TO lie fate.
1.-THE trade oi the Cedar VALLEY IL worth
all that was claimed for |, 10 carry the vote
IN favor VI the loan Of S35o 900. We are Of
the opinion IL 10 worth something s,iIi, and
are not willing " lend the credl, of the
city TO increase the value of wild land.
along the line Of the 81 DIVISION Of the II
d IL. X. r., owned by speeulatsrs. and
abandon the Cedar Rapids Road. which ID
Of more Importance 10 the city Of Daven.
port than the extension of the n. & n. r
X. We ere Of the opinion that II tho vote
10 carried in favor OF the transfer OF In
$3.50 600 loan To the n. 4 n. r. X III
Cedar Rapids Road must Of necessity b
abandoned. aAd the Cedar Valley trade 10,
ever Lost to the city. And We are also o
the opinion. that the interest on the pres
ent indebtedness. will be- as much ss th
taxpayers will be willing to submit, 10, un
ICES The city Is to be- more immediately ben
ehied than che can be- by an investment IL
the stock Of the NJ. & VI. X. X.
The Council have already BY ordinance
under contract and in contemplation NOR.
work than can be done by the loan voted
and the issue Of city scrip. or the vote o
another loan. will be required 10 close "
the contract for the season.
The current expenses VI the fscal yea
Of 1855. including the int crest Of the pres
sent Indebtedness, will no, be less thai
100000. then add the interest Of Oh,
$3.50 600 loan, and the expenses Of Oh,