The weekly hawk-eye. [volume] (Burlington, Iowa) 1858-1860, 1859-08-13

known, was agreed spon and ddflsrssood
: the non-residents tlisk il never wss to be D
up IN full. Thus, il viii be seen. that ,
nonfesidents, paying about $Se0, 900, cont
sae road-vhilst the Iowa sockholders, payi
: about $500, 600. giving 100000 acres Of Il
ana many valuable city donations and privilee
. ere s'lsDced, not even having their grievan,
I adjusted. when pronounced just, By some
{ authority.
In the continuation of the work in the hs
''"es Of the past year, it 10 supposed the mon
was furnished BY the nonresident stockhold,
on their stock, which was not the case, exec
IN cases of dslinquencies. The facts are, /
money was obtained on the 8 per cent. bonds
the Company, secured BY mortgage upon Ii
road, upon all the lands, and upon all 9th
properties Of the Company, acquired, and 70
acquired and Issued. at 60 cents on the dollar
nonresident stockholders, upon princip
entirely adapted to their own self-interee
The Iowa stockholders being kept ignorant
the whole ira nsaction.
Many Of the States, for the protection of th
citizens, and their interests, have Boa rds I
visitors or Commissioners to examine into tn
snairs and condition of their Insurance, Bankip
and Railroad Companies, tor all close mopie
corporations, unless watched and guarded, ar
sure to become corrupt and despotic. The low
Legislature also recognises this principle, in th
guards and restrictions she has thrown aroun,
her Insurance and Banking corporations. I
shese corporations, in Q measure, local and linn
tied in their operations, require guards, how
much more the necessity of investigating th.
doings and acts Of our Railroad corporations
where the field Of operation is go large and
varied, vet, the money, the bestowments, and
all the power Is necessarily concentrated into
the hands of few.
therefore think our Legislature should pro-
vide for the periodical examination of all of her
Railroad companies, by Commissioners or other.
wise, as may be deemed most expedient. It 10
presumed that they all need investigation, since
the past hard times has exposed some of the
secret 6nessing practices Of some Of the reputed
best managed Railroads of the country. One
thing is certain, the affairs of the Burlington
and Missouri River Railroad Company need a
fuQ investigation.
For the benefit of the Iowa interest. would
ike to see fully shown the interest that certain
directors and others may have in certain Depot
grounds and the lands adjacent,-the manner
q which, and the agent by whom they we're
obtained.
Also, the interest they may, or have had as
for construction, materials, wood
nd general supplies.
Also, the relative interest that may exist be-
ween some Of the Directors as stockholders,
nd as real estate owners, or private contrac-
ors.
Also, the full object and purport of the bonds
hat have been issued by tn. nonresident man.
semens-and the manner in which they were
sdroitly issued t. non-r resident stockholders |
60 cents on the dollar, without the knowledge |
the Iowa stockholders, thus prohibiting them
ON enjoying equal advantages in the benefits |
rising from the most approved Railroad finsn.
ering.
Other matters could be mentioned tha. re-
aire looking into, and which may yet be called
1t. One thing is certain, these things will be
'nvassed, it will not "bloso ovsr," as the Super
tendent aud his '.pets" may profess to be.
Eve.
In order that the Investigating power may
we all necessary aids in their examinations,
ey should have the authority to send for per.
MS and papers. -.
Since then, our Railroad corporations are so
zen for abuse and corruption, ought not our
'gisiature 10 SO act, as 10 protect the rights
q interests OF her citizens in those noble
ants that she has made to them, and espe-
lily against the monopolizing tendencies aud
spotic conduct of on residents.
Will not the men selected, in Des Molnes
UNITY, and all other counties interested, to I
resent US in our next Legislature, pledge v
mseives to protect the interests OF their con- /,
nents, who are all stockholders. by virtue of 7
County and City Stocks, in the Burlington I.
Missouri River Railroad Company, 90 that,
eafter, it may be managed for their benefit, Il
not as at present for the benefit of few
president directors, and their relatives and
nds?
Will the County Judges, as guardians of the +
'lic interest, vote the county stock, in stock 4
ders meetings, for the benefit of the people
their respective counties, or will they, for
ne imaginary or real personal benefit, bind 2
mselvss to the interest of the Railroad man v,
rs?
closing, il may not be improper for me to
. that was once in the employment of this
npany. 1t is endeavored to be currently rep II
'nted by parties interested, that l am op- a'
ed to its present management because was ~
continued in lis employment. The truth 10
could have continued in the same position, +"
is fully known TO many, at much larger y
ry than is paid to my successor.
or the credit that may be given to my asser. a
/, can fully trust to the people of the City d.
Burlington, who have known me ass citizen w,
The past eighteen years, when say that l ii,
. not been influenced in my opinions or &C. tn
in regard TO the general IN anagement Of se
Company, by any thing strictly personal to
elf, or to any of my relatives or connections.
JOHN G. FoorE.
Of
II TRUE.-We learn that while w
rcssing bis fellow.ctizens at AIbia, the other Co
in bis usual eloquent and distinguished VA
ner Aupuatua Cmssr nod0a -. ..Itod -, |
! United States Marshal, in pursuit of q on
ouri fugitive, and requested to aid in cap. tai
g niger, which he did, as Morgan says, to
cheerful zeal" He at once, showed Co
willingness to serve bis country, left the tn,
p, girded on his trusty sword and started TO
'ursuit, aud was last heard of in Marion be
ltY. hard After the nrnneriy uhich Il ras al