The Council Bluffs nonpareil. [volume] (Council Bluffs [Iowa]) 1857-1867, 1859-12-03
"a FLING THE COMPANY"


"AFLlNG AT THE COMPANY"
wemighs, were we disposed 10 do so, say something
in relation to the NonpareiFs fling 1t the Company in
his article Of the 18th inst.
Here we are, arraigned at the bar OF pub
lie opinion, by the sable man" and "popu-
lar favorite" of the Bugle, on the charge OF
making cling at the Council Bluffs and
S.. Joseph Railroad Company, on the 18th
Of November, A. D. 1859. This is serious
charge, but We sincerely regret that the hero
Of numberless wars, did not feel "disposed"
to "say something in relation" to said
" fling" 1t took him sometime to find out
tina, we made a d" fling at the Company y
and we regret that, after having made this
important discovery, he did not feel dis
posed" to say anything in relation thereto.
How magnanmous But, we would ask.
Of what use is discovery like this of the
Buqle's, unless the discoverer feels " dis
posed' to "say something" about 1t!
None, that We can see.
The fact is, however, I" tho NonpareiEs
fling at the Company" is vagary OF the
would-be Lieut.. Governor's-a myth
engendered in malice and brought forth out
of pure cussedness." We have never
said word derogatory to the Council
Bluffs and St. Joseph Railroad Company
nor of it's members or managers. Here is
what we said of this Company, on the 18th
inst. We asked the people Of this City if,
"with their knowledge Of the stamina OF
",his Railr Dad Company-of the Importance
''of the undertaking they have engaged
':in-of the amount of funds necessary to
"secure the early completion and practical
Cooperation Of the Road--they were prepared
$50 vote in manner calculated to subserve
"their own interests, and those Of the City,
Is there cling ut the Company" contained
in the lines quoted? To jauIdiced mind.
there NAV be, but We say there is not. We
merely asked the voters Of this City if they
we're satisfied that this Company had the
means to build this road, with the aid of
the corporate subscriptions aske J.. We
made no invidous comparison. We said
nothing of "Grey Hairs.' We did not say
it did not compare favorably, in the matter
Of "stamina with that Of any other Com
pany in the West" Upon the assertion of
the Bugle. we are willing to admit that it
does. What then? Is that saying it has
the means to build this road ? Is that say
ing that any other Company in the west has
the means to build 50 miles Of railway.
But, it may be logically urged, that in the
extract above, it is inferentially intimnted
that we had doubts Of the ability Of the
Company to complete the road to the State
line within the time they propose-eightecn
months. We are free to say we had, and
still have. 1t is true, We are not posted
in the affairs Of the Company, and hence
our neshhor may account for our distrust
of its ability to accomplish, within the time
specified, the task it has undertaS en-. What
is it this Company proposes to do? Why,
to grade and tie 80 miles of railroad, within
eighteen months. According to the esti
mate of the Chief Engineer, this work will
cost in the neghborhood of 100000
From whence is to come the means? Why,
the Company propose to obtain the Bonds
Of this City to tho amount Of $25 900 the
Bonds Of Fremont and Mills counties to the
amount of $l00,O OO-makiug a total Of
Sl25 900. To complete tho work, there is
vet wanting the sum Of $4,000! The
Company must rely on private subscriptions
for this amount. Now, but two and a half
per cent. per month of the stock subscribed
can be called in in installmcnts. What then?
Why, in order to raise the sum OF So, 200
in eighteen months, from assessments upon
private subscriptions, over 800 900 Of the
Capital Stock Of the Company must be in
the hands Of individuals in Western Iowa
and Nebraska Now, does any sane person
believe that ,eren hundred thousand dollars
of the Capital Stock of the Council Bluffs
and St. Joseph Railroad Company. have
been taken by the friends Of this road, and
are subject now to the assessments of the
Compauy? Enough on this point-furthcr
comment is unnecessary.
In conclusion, we will say, that all the
" Stamina" the Bugle claims for, and we
conccde to, this Company, does not guaranty
to this City that the issue Of its bonds upon
the conditions named in the ordinance, will
not result dsastrousy to its best interests.
If this can be called "fing at the Com
p'ny,' SO be it, and may their fuslcman
make the most Of it.