The Iowa transcript. (Toledo, Tama County, Iowa) 1858-1866, 1859-12-01
An Important Railroad Movement.

held at Lyons on Tuesday, the 10th inst.
This meeting was attended BY tho con
tractors Messrs. Courtwright, Bishop, AL
len & Co, the sub,ccntractors, Sheriff.,
Bayley Il Co., most of the bonafide bond
holdefs, and other parties in interest.-
Representatives from the Ga'ena & Chi.
! csgo Union Railroad TO; the Chicago
Iowa & Nebraska, and the Dubuque
Western Railroad Company we're also
present. The meeting continued during
the week, with. it is reliably rumored, the
following results.
The Iowa Central Air Line Railroad
Company" relinquish to the Dubuque
Marioa & Western Railroad Company I
(the bonafidc bondholders and all other
parties % interest concurring.) all thei:
right title and interest in the land grant
ed to the State for the construction Of the
Iowa Central Road" aud also right Of
way secured along the line This relin
J, quishmen is made upon conditions VII CHI
are not only satisfactory to all parties con
cernsd, but which particularly secure the
rights efthe east end of the line from An
am osa to Lyons.
The new company, the" Dubuque Ma.
rion & Western r r. organized ac
cording to law a short time since. Of
which our fellow citizen, Ed Stimson is
/ President. and Of which Hermon Galpnke
| Of New Y,rk, Ed Stimson, f. s. Wins
low and John Bell of Dubuque, and Hon.
Robert Smyth and W. S. Nicely Of Ma
rion arc Directors agrees to construct q
railroad from Anamosa to Marion on the
! limo Of the Iowa Central, aud thence west
to the Missouri river That part Of the
road, from Anamosa to Marion is to be
competed by the frst Of July, 1860
That this action OF the Directors Of the
Central Air Line Company in transferring
to the Dubuque Marion & Western Rail
road TO, their right in the land grant
and right Of way is the very best thing
that, under the circumsts noes, could be
done, will not be doubted by persons
posted in the affairs Of the Company.
| The Iowa Central Company is horeiessl,
| inso' vent-ther road enrum bercd with a
| load of debt and an amount of bogus
bond, from which the Company con!ti
! never hope to escana By the transfer
(, they have secured not only the construc
/ .ien Of railroad upon this line from An
amosa west. and en- amount Of land which
will in few years wipe out the debts Of
| the Com nany, but also upon certain con
! ai,ions which the Air Line Coinpan,
| hare the power to see complied with
that part Of the road from Anamosa to
Lyons now largely graded, will be entire
! " free from encumbranccs and ready
with but small amount OF work to re
! cci.e the sapers.ructurc. Indeed VIC may
say that the Directors Of the Air Line
Company have taken the only means yet
offered them # securing the construction
Of that part Of their road from Anamosa,
through the fou,shing towns Of Wyom-
ing and Maquokc,a to Lyons In the
meeting at Lyons, Messrs. Pratt Good
man and Eaton, representing Maquoketa
and Wyoming, took the liberal position
that becaue they could lot secure the
immediate construction Of the west end
Of the line from Anamosa to Lyons they
would not prevent Anamosa, Marion and
the counties west from having .ailroa.
This ocral spirit is worthy ofthe high
eat com mendatioh and We are glad that in
carrying it into practice they have been
enable to secure the rights aud interests
! Of their respective constituents
II will be scen that this railroad
movement" is substantially the same
which the Herald advocated months since
and secures in the hands Of The men to
whom the Iowa Central Airline Compa
~ has transferred its interest in the land
grant, the early completion of the rail
road provided tor BY congress through
the most fertile and beautiful belt Of
country stretching across the 42d parallel.
That countr, SO beautiful by nature onI y
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