The Council Bluffs nonpareil. [volume] (Council Bluffs [Iowa]) 1857-1867, 1860-07-28

| The Chicago Press 4 Trbsne urge,
upon the City Of Chicago the policy Of sub
seribing as least $780, 900 to TIE stock Of ID.
shove Company, and placing shas amour,
Of money in the hasds Of its mansgers a
once The argumen:s Of our Chicago co.
temporary are 90 forcibls asd eel timed
that Ne cannot forbear rs-pabli.hisg them
for the beneEr Of our readers, who are -
deeply interested in this matter, a. the peo-
pie Of Chicago, or anT or ali other cities
. After stating ,ha, it thinks the n. L NJ
Road must, from tbs fact Of its having q
comparative monopoly of the trade Of the
Upper Missouri snd the gold fields, and
thence through to the Pacific, pay hand.
some profit to its stockholders, it says:
One Of the strongest points in il. favor 10
that its managers are helping ,heuselves.-
They show their confidence 10 their line by
pushing 1t steadily westward. They have
completed within the last few months some
fifteen miles Of road, and expec; 10 finch
fifteen more in September, and open the
road to Marengo, thirty miles ives. of Iowa
City. Very considerable grading has been
done between Marspgo and Grinnell, and
early in the winter or spring, it is expected
the Dad Will be opensd to the latter place,
one hundred and 6ftsen miles west OF the
Mississippi.
This will leave but one hundred and nine
ty-hve miles TO complete the line 10 In.
Missouri. Now We doubt not that one
hundred miles more could be finished within
year, If Chicago would at once subscribe
Sl0o, 900 10 the stock of the Company, and
place il in the hand. Of the Directors Of
this Company. With what they could then
readily secure from the people along the
line. from their friends and other capitalists
at the East, the road could be pushed for
ward to within hundred miles Of the Mis-.
souri,, certainly by the first Of August. 1861.
That would give Us the control of nearly all
the travel across the continent, and also
give such an impetus TO the trade of the city
and the business Of the line. that its COM
pletion to the Missouri within the following
year would be secured beyond contin-
gency.
The road runs through one of the richest
and mos, thickiy populated sc tons of
Iowa. The Rock Island bridge brings this
will give Us an unbroken line to the Mis-
souri,. Those interested in the Rock Island
and the Mississippi & Missouri railroads,
have for years resisted the entire influence
Of the St. Louis Chamber Of Commerce,
backed by tens Of thousands Of dollars, to
break down the bridge, and Chicago can
now we'll afford to show her interest in the
westward progress Of the line, by subscrib
ing literally to its stock. The Rock Island
bridge has alone been worth ten times its
cost to the commerce Of Chicago, though
We doubt whether Our business men ever
had dollar vested IN it.
This is one of the Iowa land grand roads.
1t has something like half a million acres
Of the best lands upon the continent. They
could all certainly be sold within a year
from the completion Of the road for four
dollars per acre, yielding the Company at
least two millions Of dollars. As the road
can be built for SIS 900 per mile, the lands
alone will pay two-,hirds of the cost Of the
last two hundred miles of road.
1t is the business Of the statistician and
the engineer to show what amount of bust
ness the road would command from the
West and South. west Of its terminus. The
figures are not at our mn;aud, but let any
nan post himself in regard to tue immense
emigration crossing the continent. and NOV
westward, seeking gold in the Rocky Moui.-
tains, every year, and withal let him study
the resources of the magnificent country
through which this read passes, and remem-
bering how cheaply il can be built, he can
scarcely doubt that it will be one of the best
paying lines in the country. Another mat
ter of the last Importance is that it is man
aged by our most intelligent, prudent and
reliable railroad men. Henry Farnam,
VIM. b. Ogden, John F. Tracey, John A.
Dix, John Z. Henry, Thomas c. Durant,
Hiram Price, E. w. Durham. ond other
gentlemen whose names do not occur to US,
are all men whose personal character 10
guarantee of entire success.
Again We say, let Nil our citizens 60 to the
Board of Trade Rooms this evening, and
Subscribe Literally to the stock Of the road
whose advantages will be laid fully before
them. Then let them examine the bearing
which the early completion Of the Missis-
sippi & Missouri Railroad would have upon
the manufacturing, mercantile and COM
mercial interests Of the city, and if Hon.
VIM. B. Ogden, and Henry Farnam, come
before them and present the claims of their
line for aid to its early completion, let our
people be prepared to duplicate the good
work which We hope will be we'll and effect
ually done this evening.