Fremont journal. [volume] (Fremont, Sandusky County [Ohio]) 1853-1866, 1857-07-31
FnEMONT Ann INDIANA nAIIRnAn.


A goodly number of our citizens met at
the Court house on Friday evening the oath
inst, to hear from Doct RAwsoN and others
in regard TO the Fremont and Indiana Rail
road.
J. L. GREENE, Esq, was called to the
chair. Doct RAwsoN gave an account Of
the contract which had beon made with a
Now York company to furnish Iron and lay
the track, together with every thing else
necessary TO put the Road in running order,
Locomotives, Cars, &c. The Iron would
cost for the Road to Findlay about $780,
900, one-half of which was to be paid in
cash, which could be raised on the Bonds Of
the road, and for the other half the compa-
ny would take First Mortgage Bonds at 80
cents on the dollar.
The Iron from Findlay TO Union would
cost about 100000, and the company
would take the Bonds Of tho Road for all
of il, and would also take the Bonds for ev-
cry thing else necessary for the Road except
a hundred dollars per mile towards laying
ing the track, (which is only about one-fourth
the cost of doing it,) and the freight of the
iron.
He said money was needed TO finish pre-
pairing tho road for the iron; for the freight
and for the hundred dollars per mile before
mentioned. Findlay and Fostoria were
fully ready to raise all the money required
of them by taking stock, and we were now
asked to do the same, our part of which
was $4,000.
R. P. BUcKLAND, Esq, said he was fully
satisfied that Doct. RAwsoN had made
very favorable contract for the ironing and
equiping of the road--a better he thought
than could be made again. What was want
ed now was to raise some $4,000 by TAX
ing stock, which he understood from Doct.
RAwsoN to be all that is necessary to secure
the immediate commencement of tho work.
If the road stops here, rs it is expected and
understood it will, it can but be of great
benefit to our place. The people of Find
lay are wide awake to secure the compile
ton of the road, knowing that it will be Of
great advantage to them, and we certainly
have far greater reason TO do all we can to
have it built, inasmuch as the benefit
would be fer greater to us than to thcm.-
He bore rather heavily upon those men
who would rather sec our town sink than
give dollar to save it, and made honorable
mention of those who had deeply interested
themselves in its construction.
Mr.. D. L. JUNE said if we can have the
road finished by raising $4,000, he for one
thought we should try to do it, and he was
willing to do his part,-just the right kind
Of talk.
Mr.. O. L. NMs asked if those who took
stock now would escape being called upon
to buy Bonds hereafter. Doct. RAwsoN
said that for the 100000 to pay for half
of the iron from here to Findlay, the first
mortgage bonds of the road would be sold,
and moneyed men like Mr.. NMs, would
very likely be called upon to buy, but most
men who took stock would not Mr.. MINIS
said if we were not to be called upon to
buy bonds, he thought as community we
should show ourselves insane if we did not
at once take the stock needed.
Mr.. BUcKLAND spoke again, referring to
the indefatigable labors of Doct. RAwsoN all
along in prosecuting the work. Said he had
had to meet one Encouragement after anoth-
err spending his own money to pay expcn-
ses de-, and had run the risk of swamping
his whole property in his efforts to carry the
work along. We in justice to him, ought
to take hold and raise the money needed at
once. He moved that committee be ap-
pointed by the Chairman, whose duty it
should bo to solicit subscription, which was
carried. o. L. MINIS, Doct. j. w. VIII
SON, D. L. JUNE, THos. PINKERToN, A. J.
DICKINSON, p. Brush, and D. Belts, were
appointed. On motion of Mr. Brush the
committee were to meet at Doct. RAwsoN's
Office on Saturday morning to make arrange
ments for their work. Adjourned.
R. w. B. MCCLELLAN, Sec'y.