The weekly hawk-eye. [volume] (Burlington, Iowa) 1858-1860, 1858-05-11

n - IsSs II 49, Se2Xs ~ v~t~4l}.1 ~. ~.
nsssiae b Gov. 0rinaes The resolution a.
thesissd ~ city % issas che beads loan Il.
rel money to The r. r. c.. and take the Gre, more
: gags bonds on the Western division Of the Road
New. yoa are called apon TO take The stock
Z ne very act you vees iosbiddsn 20 do in Tho
: nfss instance. ask the Question, is il legally
10 the power Of the voters OF this CITY to s,rit
: from the statute book legal and lust law. nv
their sotess ifsach be Tho case. ask where is
any mans securitys
- regards the fee simple, ron are requested
y The ordinance, and your votes in compliance
WIN the Proclamation, to grant 10 the Railroad
: ~ they nov hold under lease, without defining
.ne bounds understand the bounds to be
from Market TO Pine st., . distance containing
zen streets and nine squares We are told in
zoe ordinance il is for Rail Road purposes.
nope the advocates Tor the grant will explain
plainly and fully what we are to understand bv
Ran Road purposes. Are we to understand bv
giving the fee simple to the r. R. Co. that the
Company will forever have the absolute aud ex.
elusive control. from Market to Pine st., TO the
exclusion Of any and all citizens having any az. |
cess to and from the river in the limits above |
stated u tins be the fact in the premises, i, |
well becomes every citizen to duly reflect and
consider what the future consequences will be
before lie casts his vote. There is certainly a
very important legal question connectsd with
this ms to the power OF the citizens voting these
premises to any Company.
L In |
pubic meeting, or meeting in each ward, this
week, that all the voters may have a clear and
full understanding. CITIZEN.
Citizen" makes one point, and only one. in
the communication, viz: That under the act of =
1898 cities are forbidden to vote stock in any /.
nahroad Company except the amount of such /
subscription be expended within the county Q
where such city is situated. The answer to this :
., that the Railroad Company has already ex- =
pended an amount within the County of Des ii
Aolnes greater than both city and county sub
'criptions, saying nothing about the money ret !.
o be used in redeemng from the elements :
iAwkeye accretions. h
But another gentleman, who refuses to write. Sc
ives US few figures worthy of attention. He y
ives US the following exhibit of the present eff. nj
ective means of tho Company for the coustruc. tt
ion of the Road from Rome to Otsumwa: ar
efferson County subscription, $4,000 no no
rivatc subscription in JEFF l. Wap, $4,000 es
ub. OF Eastern stockholders, l.5oo ono
sl,7A,ooo ha
educt one half for losss ia collec- in
tons and of effective means the Ga,
Company have $4,000 20
$4,000 acres land at per acre, l.250.OOo 90
Total $2,lS2, 900 SOL
sum, it is commended. ample to build the fro
DAD, stock it, improve the accretions ETC., with. no
ut mortgagins single mile Of it, H.
Admitting that County and private subscrip.
ons are available at half their face, which NAV
may not be the case, and without the sub
rIptions OF those who now have possession of liz
e Road, the available means, all told, are az ha
owe, 1921 ,0Oo one half of which is, Slla.ooO sol
Ana against this stands debt to the city of I,
e,ooo, to be put into the shape o. n mortgage do
the second division OF the Road. ag;
As to the land grant, it may be hat the Gu OF
nor Ill construe the act of Con yress SO as to ba
'e one hundred and twenty sec, ions for each ag.
enty miles built, as fast the work progress ito
The law will probably bear this cons slc- =
n. Thus, when at Ouumwa. the Company lou
y DC possessed of $50 sections or 2so,4 400 son
res OF land. But what folly is it to call it Ter
ulTalent to cash at S. per acre, or any thing Gv
ethis sum. When built to the Missouri Riv- riy
bringing all the lands within fifteen miles of the
; Road then it will be safe to co9nt the lands, s.
IT and distant, good, middling, and indiffer- If
, worth something like this sum- But at bal
sent, however valuable hereafter, these lands C
not available. neg
true showing of its assets, instead of the S
gniiicent figures OF our friend, would show sid
Company's largest item of means the $780, '.u
} paid in by our Eastern friends. And, upon iow
lose Inspection, We rather guess this would tim
we the only item of ayailabie means. eIa