The weekly hawk-eye. [volume] (Burlington, Iowa) 1858-1860, 1858-04-27
TTF WEEKLY HAWK EYE


THE WEEKLY HAWK EYE
Rallroaa Meeting.
7. pursuancs Of . call Of bis Homer Mayo
WHITMAN, The citizens Of Burlington assembled
:, Marion Hall on Saturday evening iof =,
n.rposs Of considering certain peepsaeess y
s.e;..,s the cessssuseea Of he Bsrliageee - !.
n;.souri Rivse Railroad. A. . ss'oes ses nsu
-. crowded . evsraoaiae. vAsa - nee3os
"a. c.ll.d - os5es. and organised ~ ne sP'
poiu,u.ns q - Hsass nayes Waga's' :
Chairman. and W. 1hsapssa. ssssssasy.
JF. JOY, sesss for che Eastern sseesheaoe's
:, n. r AMIR. Z. Co. being called spon ief
aha, purpose, stated specifically The seIscss o.
che meeting. -.
-, Tn. city had leased The Company $751;
600 in City Bosds for the purpose 81 construct
inc the B.idgs across Skunk River. These
Ia. we're drawing 9 per cent interest and
..v.h,. in twenty years from date. In oder TO
..cur. the City in consideration Tor these
bonds, the Railroad Company agreed 70 denver
=. N. Civ an equal amount OF drsl mortgage
ho,a. on that part Of the road which hss
s.,u..o the east bank Of Skunk River
.,d (,,tumsa, known as the second division OF
Ia ,o,d. when the said Railroad bonds shall
\. ;.sued. These bonds have not YET been s'
sr.a from the fact that but little has yes oeen
do,. on this division which would make '"e
,.nd. valuable, The difficulty Of raising money
for the future progress OF the road renoers !.
impera,iye on the Company to free the roao
from the incumbrance Of these hfss mortgage
honda as money may be obtained much more
easily upon q road entirely unincumoered'-
Therefore, in order to free the road from
this iucumbrance and to enable the Compan!
TO proceed 1t once with the construction OF the
road to O.tumwa, il asks the City TO agree to
receive of the Company $4,000 in stock winch
upon the completion Of the road to ottnm"a
the Company shall pay the city in lieu Of the
said Railroad bonds.
2d, The City has leased certain lsnds in the
River east Of Market Square, called
the accretions, to the Company for term OF
sf,v wears for the consideration Of one dollar,
TO be renewed for fifty years longer for the con-
,ideration Of elk Der cent on fair valuation Of |
aid land, which said lands are 10 be used for
Depot grounds, machine shops, etc. Now for
the purpose Of enabling the Company to con-
,,ruct thereon buildings Of the most costly and
durable description, and to enable it TO raise
upon i, the greatest amount Of money possible
10 be expended in the construction of the road
% the Missouri River, the Company asks che
City 10 agree to substitute deed in fee simple
or the said lease, as soon as the Company shall
ave completed the road to Ottumwa, and eK-
ended $50, 900 in the improvement Of the said
Iccre,ons.
Mr.. Joy said the success Of the road depend.
very much upon the favorable consideration
( these propositions. If the City complied,
he road would probably be completed to
gcncy City this fall, and to Ouumwa by the
rst of June following, but if not, its immedi
10 construction was not only doubtful but
opeless. Delay was runous, both to the
nen whom be represented, as they had already
APPENDED over 100000, which would be q
lead loss, as well as to the City Of Burlington.
would let other roads in behind US, and de-
roy tile necessity for and influence Of ours.
was more interested than any other
ace or set Of people, and should therefore
Dmp;y at once with this very reasonable re.
nest. lie desired to hear the opinion of the
sople Of Burlington for and against these re-
lests, after which he might address the meet.
e more at length.
Speeches we're then made by Gov. Grimes,
on. W. +. Coolbaush, Judge Hall and H. w.
larr, Esq ), ably advocating the propriety of
,mpliance on the part of the City.
Messrs. Browning, Hudson, Ray and Scott
ere in favor Of the proposition but desired .
revision continuing the Company to a certain
erod within which the work should be DONE
Mr.. Joy in answer to these suggestions stated
at he considered the only objec, of such con.
ton TO be, that they would throw unneces.
ny difficulties in the way Of obtaining the
cans to prosecute the road; that in not ask
& the City to change the lease Of the accre.
pms for deed, or to give up their right to
ortgagc lands for the bonds issued, before the
ad was built and in actual operation to Of
mwa, appeared to him as great security A.
e City could reasonably wish for-besidss
at the Company having already expended q
rye amount Of money west Of Rome, now only
burden upon them until the completion Of
e road to Ottumwa, besides being in fear of
sing their land grant should the means fail
EN- to get to Ottumwa by Decem Der, 1869
ould be considered sufficient guarantee that
Q Company would undoubtedly use all the
eans in their power to complete the road at
lie earliest opportunity.
Judge Rorer offered the following resolutions,
hch. after some uuavailing efforts to amend
EN- IS to comply with the suggestions of
essrs. Browning and Hudson, were very unans
nously adopted:
Resolved, That the City Council take q vote
the people on the following questions:
lst Shall the City take Stock in the B. l. N.
!, r. Co. for the seventy five thousand dollars
of the said Company to the City.
End. Shall the City convey the Accretions in
Re to the said Company for Railroad purposes
nlys (
Sd. Beth said acts to be done by the city so
BON as the said railroad is in operation to /
uumwa, not till then, and $40, 900 shall have
cen spent on the accrstions. The said stock, |
hen taken, to be taken ~ Of this date.
4th That when the City Council shall comply |
nth their agreement for the conveyance Of said |
ccretions, it shall Do their duty to require of |
he said company to obligate itself to establish |
IS main machine shops for the said company,
lither on the said accretions or upon such other
grounds within the city OF Burlington, 90 the |
company may procure for that purpose.
The meeting then adjourned sine die.
10. WIGHTAAN, Chairman.
WV. THOMPSON, Secretary.
There ID that ecattereth. and yet increaecth;
nd there 10 that withhold moro than 10 meet.
lt it tendeth to poverty"