The weekly pioneer and Democrat. [volume] (Saint Paul, Minn. Territory) 1855-1865, 1860-06-01

trOit with Hon. Elon FarnsWorth.
Hon. E. P. COwles and Schuch..
ardt 81 Gebhaud, for salaries of
Trustees, counsel and attorneys
fees, and cash borrowed Nor in
the aggregate $ll ,50O IS amount
ing To-: ....... ...,........ $4,000 90
And there remain on hand and now
IN possession of the Company liz,
oinouutlLS tO................... l7Z,OO0 90
Tho ,Usa,ic j; ..S9OO,OO0 20
impossible to state with entire accuracy. mas.
much as with the principal contractor there
mas been no settlement, nor indeed with either
OF them. But aside from what there may be
ascertained to be due to them, there are out.
standing notes, obligations and claims, exclu-
sive of interest Ga considerable norton of
which are in suit and are being defended and
the payment of others of which if sued will be
resisted) amounting to the sum Of. $685. as
Judgment in favor of Philip Fox
lOr. Z54 AZ
Judgment in favor of Michael Nc
Cabe for. Observation-Disclosures. 1T 80
Outstanding Warrants. ........... 14,192 a.
Estimated amount due for salaries
OF officers, trustees, state agent,
counsel and attorneys fees, &C.,
(fOr payment of $ll 500 of which
first mortgage bonds are hypoth-
cated). ".;...... .....:....., $4,000 90
interest, for which the State has
- $4,000 of her own bonds. ;.;..:. $1,000 90
Due on estimate in favor of A. G.
Frink, contractor. ......... BIB %
Total. 1852 1925 80
Deduct amount of State bonds with
held by the late Governor, and
now in the hands of the State.... $4,000 90
Balance. .sI27 1925 80
Subscriptions have been made to 81, 3OI, l6O
of the capital stock of the company, and
per cent paid thereon in cash, right of way,
&C., amounting to-. $50, O5o 90
The necessary right of way in the city of
Saint Paul, and also in the city of Saint
Anthony, has been mostly obtained and the
title secured, together with the station
grounds. A considerable amount of right
of way and station grounds have been OBJ.
tanned, conditionaly, at Saltwater. A
considerable portion of right of way has
also been secured or contracted for all along
the line from Saint Paul to Crow Wing;
and through the military reservation of
Fort Ripley, distance of about 20 miles,
the right of way has been confirmed to the
company by order of the President of the
United States.
On the 9th day of July, 1857, the execu-
tive committee entered into a contract, SUBJ
ject to the approval of the board of direc-
tors, with Selah Chamberlain, ESQ.,, of
Cleveland, Ohio, for the construction of
single track sub>grade railroad from Still
water to Crow Wing, from Saltwater to
St. Anthony at $4,000 per mife, and from
St. Anthony to Crow Wing at $4,000.
The work was to be commenced by the first
day of October, 1857, and the first division,
from Saltwater to st. Anthony, was to be
completed ready for train of cars on or
before the LIST day of September, 1859, and
that portion of the first division between
st. Paul and St. Anthony was to be CON-
pleted ready for a train of cars on or before
the lst day Of October, 1858, and thereafter
the portion between st. Anthony and Crow
Wing was to be completed at the rate of
not less than 30 miles in each year.
Mr.. Chamberlain commenced work in &C
cordance with this contract on the 1st day
of October, 1857, both at St. Paul ard St.
Anthony, and continued the same for about
one month.
The financial embarrassments into which
the whole country had been plunged led the
company to inform him that there was but
little hope of being able to make payments
according to the terms of the contract, and
to suggest to him that the work, as we'll as
the ratification of the contract, should be
postponed, and to these suggestions he read
lily acceded.
On the 18th of April, 1858, the company
made new contract with Mr. Chamber
lain for the construction OF 60 miles of first
class single track railroad, with all necessa-
ry side tracks, complete, including switches,
frogs, chairs, spikes and iron rails weighing
not less than IS pounds per lineal yard, from
st. Paul to st. Anthony, and thence up the
Mississippi river. via Anoka, to Big Lake;
to be completed ready for the rolling stock
10 two years from the 18th day of May,
1858; for which they were to pay him in
State railroad bonds at their par value at
the rate of twenty thousand dollars per
mile, and in first mortgage bonds at their
market value at the rate of three thousand
dollars per mile.
On tie 23d of June, 1858, a supplement
was added to this contract, by the terms of
which Mr. Chamberlain was to extend the
road 80 miles, terminating at st. Cloud or
Sank Rapids, for the sum of eighteen thous
sand dollars per mile, doing all the work and
furnishing all the materials except the iron
rail specified in the original contract. For
this he was to be paid $25O,OOO in State
railroad bonds at par, and the balance in
cash.
The company were desirous of getting
their road into operation from St. Paul to
Saltwater as early as possible, and thence
unite with the Hudson and Superior Rail-
road at some suitable point east of Still~
water, which latter road is now being con-
structed, and from twenty to forty miles of
which will without doubt be in operation
by the 4th of July next, and therefore the
directors, having reason to believe that they
could successfully negotiate their first mort
gage bonds, lin which opinion the contractor
fully concurred), on the 18th day of July,
1858, entered into a contract with Alexan-
der G.. Frink, Esq, of Philadelphia, "To
construct and finish in the most substantial
and workmanlike manner, to the satisfac-
ton of the engineer of said company, a
first class line of railroad from the east end
of section one at Saltwater to the point of