The Davenport daily gazette. [volume] (Davenport, Iowa) 1856-1869, 1857-05-23

he csAar valley lailrssa LsAA.
A few days ago ~ noticed the fact. that
ssbserptioss we're being circulated among
eur citissns with the object Of gettiag stock
sakss 10 railrssd to connect this city with
Cedar Valley. We stated in brief terms
she vast importance 70 this city Of such a
railroad. and eadesvosed 10 show how mu en-
Of our future prosperity depended upon ,hs
enterprise. We also noticed the vigof US
efforts Of other points on the river to secure
the ifsde oi this certain region, and to de.
vei,pe through themselves the wealth OF
this, the richest and one of the IN .t thiekly
settled portions Of the State, and urged that
corresponding effort. ., once De made on
eur part to tap this Valley BY a railroad
undss these circumstances we were glad to
hear that the private subscriptions we're
liberal, and TO notice the following action
On the part Of cur City Council From the
proceedings Of the meeting held last
Wednesday afternoon, we max the follow.
lag extract
AID. lie Claire offered the following pre-.
smble and resolutions. which were passed:
WAersss, II 10 OF great and i'm portan, in
sssest 10 the city OF Davenport. the inhab.
sauis and property holders thereof, that
there should be a rBiirosd come cton with
the upper valley OF Cedar River, and
WAsssas, 10 the opinion OF the City Coun.
sll OF said city such desirable aud important
result 10 not likely to be obtained wi,hou,
se0e material aid in the construction there.
81 from this CITY. and
WAsvsas. Past experience has proven the
utility and benefits OF such a ID being rem
dered By this city, therefore
AsetusS. That the following question be
submitted TO Q vote OF the ELECTORS of this
city, 10 accordance with the provisions of
he charter and the laws OF lows
Shall the City Council have power 10
suoscfibe 10 the name OF the city in its cor
posste capacity for Three Hundred and Fiji.
" Thousand DolIsrs Of capital stock TO aid
10 the construction Of railroad from some
point on the Mississippi and Missouri Rail.
road, not further west than the town oil
Dsrsnt, bv the way Of Tiptoa to Cedar Rap
ids Or Marion, and thence up the valley OF
the Cedar River. end issue the bonds of said
city, payable in the city Of New York to
the same amount. bearing interes, at ten
per cent. per snnum, payable half yearly,
the principle redeemable within twenty
yssss from the time Of the issue, to pay said
subscription; said subscription 10 be made
90 the capital stock Of the Third Division Of
the Mississippi and Missouri Railroad Com.
esny, uader the name Of Davenport, Cedar
Valley and Minnesota Railroad, or u the
capital stock Of come other company organ.
issd to build said railroad, - the City Coun.
sil nay direct. In the event Of said sub
scripiion the Blonde 10 be issued, and
Fayments made on such capital stock, only
- the grading shall be actually done by the
company, commencing at the southern end
o. said road. And shall the City Council
have power and b required. il necessary, 70
NY specific annual tax TO pay the inter.
st upon such bonds when 90 issued, aud Il
redeem the principal q maturity. 4"
Aeaseise6, That polls be opened nj the FOL.
lowing places on the s0th day OF May,.is57
ct tsn O'Clock ia the morning, aud BE- KEEP,
open until O'Clock in tue afternoon, Ia
wit;
lTAs usual ward voting places with names
q Jsdsss are given. and The article closes
thus.
All voters who wish To vote in the affirm.
stive will vote ballot upon which 10 written
VI printed "for the subscription aud loan,"
ana Oil IN the negative "agsinst the sub
scription and loan"
Inc TACT that our citizens have Iust giver
their consen, TO . loan vi Two hundres
sheusand dollars for purpose. 81 public i'm
Psovemeats. nsy incline some TO thisk
s''st we are no, exercising proper hnancis
caution in iollosing il 90 soon with another
loan, VI nearly double the amount, no matter
sow con@endsble i,s object. The question
IN this case appears To be, can We afior.
sss 10 did in the construction OF the road
not, can we afford TO make IN. loan 1
We do no, speedily secure ia. road, some
other point will. and the immcnse trade and
the vast agricultural wealth Of Cedar vsiIcy
will be pushed into the lap Of some place
which csa afford TO be liberal To secure pros.
Pssity. We mus, strike non. or foreye.
hold our peace. We niue, 1t ono, take sucl
action - will secure his trade, or submi,
20 that for which there will b. 10 remed,
an the future We must either make se,iy,
sxertions. backed BY the correspondent,
heesality. 10 build road opening 10 "a ,
pathway TO the richest agricultural portion
81 the State, ami which naturally look. IA
this point Tor a. river outlet n We must
see that increase VI prosperity = lich should
De our own, help build up some rval place.
This 10 just that particular era IN our history
- city, when j, will no. d. fir us To re-
main idle, nor TO draw Oh, our purse
strings whenever an enterprise i proposed
requiring some lCerality on our part 10 se.
care great objects. We con afford to IN sks
this loan. and If il will secure lis the Cedar
Valley Railroad. then IL should BE- made q,
once. No one can donl ba, ia,, this rail.
ieed will almost from the dsy Of its openin inc
Be paying road. II Ais be Tie ,mpor,an,
question before voters. the probable business
VI The road when built. we hope i, will re.
essve the moot scrutinising investigation, as
wease sure such exsmips tion must convince
say ons that this enterprise will no, onl,
. paying one in itself. but paying one
y this community. We are as decidedly
IN favor OF this loan as We we're in favor Of
The loan voted las, week for thu improve.
meat Of our city. We feel convinced, tina,
Of this particular time when every youny
city about - 10 sctive in extending ito rail.
road interests. one Or tso OF which enter
psises ere calculated directly to tap the
ssads and business of Davenport. while
oshess nsy indirectly sGec, the same-we
caneos aeosd 10 remain burist N slunbef
We 0sa pvstss ssvsslss. We mus, be
active II msasusss for our oan protection
- veil - fur our sdssnremen, The Cedar
vslley eaiiresd happily eomb.nes both, aud
10 hsps eur eitissGs s.il ., H., loan cleo.
lien promptly rsspead 10 the call made upon
sAem b. their oWa Interests.
NJ usv csassisssisu.
TIE Deoocrse having eandidly expressed
~ opinion Of certain parts OF the new