St. Charles City Republican intelligencer. [volume] (St. Charles City [Charles City], Iowa) 1857-1861, 1860-11-22
McGregOr Railroad.
The West Union Review says

McGregOr Railroad.
The West Union Review says =:
As heal as we can get at it, the
facts are about as we stated last
week. 1t appears a company has
been formed, with some heavy eastern
capitalists at the bottom Of it. This
company is called the Northern Iowa
Railroad Company. They wish to
build a railroad from McGrcgor to the
Minnesota line, near the northwest
line Of Howard County, to connect
with a line running from there to
Mankato. This is a land grant road,
and that is the bait the Company is
after. In order to get out of McGreg-
Or, they propose to bny the first eight
miles Of the old Company's road, which
is all anything has been done on, and
this company propose to sell them IN
accordance with the following rcsolu.
tons adopted at the railroad meeting,
held at ClcrmOnt on the Sth inst
Resoired, That the Directory in the
McGregor, St. Peters and Missouri
Railroad, be instructed to make ar
engagements with some responsible
company to build a Railroad from
McGrcgor to Clermont during next
season, on the following terms, to wit;
First, Reserve the right to trans
port freight at all times at the same
rates that they are carried on any
portion of our Road.
Second, To obtain at least thirty
five thousand dollars for what VIC have
done on the line.
Third, To bind the company to run
their road to interscct the State line
at or neal the Northwest corner Of
Howard county.
On motion, adjourned sine die.
From the above it would seem that
some party, or some new company,
have taken possession of the McGrcg.
or railroad, or at least that portion
upon which any money has been ex
pended, and arc intending to appro'
pirate it to their own use and benefit,
What have the stockholders of the
Cedar Valley to say to this? those
who have subscribed and p0id in their
money? 1t is well known that sevc-
raj thousands of dollars-clean mon
cy--was paid by citizens of Floyd
and Chickasaw counties towards grad
ing the McGrcgor road from the wa
ter's edge on the Mississippi river, up
through the bluffs, a distance of eight
or ten miles to a summit on a level
with the country westward, the most
difficult part of the whole route and
now it seems that this grading ad.
vcrts to the benefit Of a new compa
ny and for a road leading in a new
direction-northwesterly into Mime
sofa. Mr.. Dwight, who says he rep
r~csents the new Company, was in
town a few days ago. He came Sat
urday evening and left carly Monday
morning. Now hat he is gone every
one is asking what was his business
here ? and no one is able to tell. He
remarked to some one, in answer to
the question, what had become of the
paid stock taken by citizens in the
Cedar Valley, hat ait was an unfor-
tunate speculation for them-their
stock had gone where the La Crosse
and similar stock had gone!" Is this
the fulfllment of the innumcrable sol
cmn pledges made to the Cedar Val
ley people by Dea. Clinton, Col. Mack
and others, when seeking to induce
them to take stock in the McGregor
Railroad Will these stockholders
now quietly submit to the loss, not
only of their stock, but of their IA
vorite railroad, and allow it to be TAX
Ell northward into Minnesota? Have
not the Eastern railroad companies an
interest in this matter, also? Do not
the Milwaukee and Mississippi, the
Detroit and Milwaukee, and the Great
Western and other Eastern compa-
MES, an interest in extending the line
directly Westward, on or near the
Add parallel of north latitude? Time
will answer these questions.