The daily Gate City. [volume] (Keokuk, Iowa) 1855-1916, 1857-02-28
ke.aux ana kansa. city na,,r.aA.

X eokuk and kansas Ctsy RaiIrsaA.
Things move on encouragingly with refer
ence to this road. Solar it's prospects have
improved steadily from the start. From the
Kansas City Enterprise of the 3lst Of Janu-
airy, we extract the following:
ssThe affairs Of this road are now on
sound footing, and the board Of Directors
have gone quietly to work. As soon as the
amended charter passed the Legislature,
books were opened in Kansas City, and $780,
600. One hundred and ffty of this is by the
city, and City thousand by individuals. The
board dispatched an agent TO Keokuk, for
the purpose of opening books in that city f;
and Capt. Slack, the agent appointed ut Lin
neus Convention, has, we learn, started
on tour through the counties on the line
of the road, for the purpose Of securing the
early action Of the people in regard to coun-
ty subscriptions. BY the first Of May there
will be a local subscription to the capital
stock of 100000. This amount, accord
ing to the estimate of the Engineer, will
grade and bridge the road and place il on a
footing superior to any road west of the
Mississippi. As soon as this is done, the
procurement Of iron and rolling stock will
be an easy matter, and the much talked of
"eastern capital" of which certain interest
ed croakers are making so great noise, be
proved what it really is, IA miserable humbug.
We have TO build our own roads, as all 9TH
ers states do, and the sooner we get TO I'M
dsrstand this fact the sooner we get railroad
! facilities. The Hannibal and st. Joseph
1 road is all owned by "eastern capitalists"
and there nre only 20 miles in operation, and
! that has been built by the people Of Nilsson
ri, as will the whole line by the time it is
completed while the Pacific road, depend
ent alone upon local credit, has lbs miles in
I operation, paying handsome profits. Ii 1t
/ is desirable to kill the road, get sseastern"
men to control il, and we will have road
Just when they can force the people Of Mis-
souri, to build 1t and no sooner. Eastern
men are always ready to build our roads
when they can skin us by the operation, but
il is our credit that does the work. There
has never been mile OF railroad built in
! the west that was not constructed on the
credit of the country through which it was
! located, and there never will be, and it only
argues ignorance of the modus operdndi Of
Railroad enterprises for any man to assert
! to the contrary. Ii such men desire to assist
| in building railroads, let them select some
other channel for their efforts, they are not
wanted in this. We warn the board to be-
ware Of these charter thinkers, and mousers
about eastern capital. They are q dead
weight upon any enterprise with which they
become connected, and their exclusion 80
/ far, from the Kansas City and keokuk Rail-
| road, has been most beneficial to its inter-
ests. During the past five weeks we have
met some OF the most experienced railroad
men in the country, and they uniformly ex-
pressed their confidence in the enterprise, as
soon as informed that the railroad brokers
Of the East had nothing to do with its man
agement. The reason they gave for this
confidence was, that no matter who con-
trolled the stock, the credit of the country
trarersed by the road had to build it, and q
! local directory ensured energy in it's prose-
cution, and economy in the expenditure Of
the money. And SO it has thus far proved
and We venture the confident prediction that
the first passenger train from the upper Mis-
souri, to the Mississippi goes over the Kansas
/ City and keokuk Railroad"
Scotland county, (Mo.), has subscribed
$500, 900 to the capital stock of the compa-
ny, as will be seen by the following from the
Memphis Journal of the 7th:
son Saturday the l4th, the County Cour,
of Scotland County subscribed 100000
stock in the keokuk and Kansas City Rail
road, to be paid in eight annual instalments
Of So5 900 each, provided that the said road
shall pass within one quarter Of mile OF
Memphis, and depot be made within one
quarter of mile of said place; and pro.
vided further, that none of the stock thus
appropriated should be used in the projec-
/ ton of the road out Of the county, until af.
ter its completion in the county. Charles
Mety was appointed agent to represent the
interest Of the county, cast her vote, sub
scribe or transfer her stock, receive divi-
dends, &c. The amount Of stock to be raised
by special taxation"