The weekly north Iowa times. [volume] (McGregor, Iowa) 1857-1867, 1861-01-02

we published in the Times two weeks since,
but the details are fuller, and coming from
the President of the Road, Judge Brown,
they will be looked at with deep interest by
the people OF Northern Iowa:
McGREGoR, Dec. 2lst, 1860.
P. L. HINKLEY,
Sec. MEG, st. P. & Mo. R. r.
Dear 81, Since saw you have been
able to close an agreement with the North
ern Iowa r. II. Company, by which tn y
are to pay thirty five thousand dollars for
the road ard our line to Clermont; they to
construct the road to Clermont by the LIST
day of December next, to pay the old COM
pany 10 per cent on tn gross receipts of
all business which they bring them, and to
make connection with them at Clermont,
they have paid off Mr.. Thompson, and Mr..
Gardner, also the claims which Noble K
Drummond held for collection, and the
judgments against the Company, &c
There is still balance of about four thou
sand dollars to be paid, which amount
have taken their obligation for, well Secured.
They have also agreed that the old compa-
ny take up their stock, locate their line to
suit themselves and when that is done
within a year.
These concessions and agreements are
very far from what they proposed in the
first place, and in my opinion should be per-
fectly satisfactory to every friend on the
south line. One thing is certain, have
endeayored in this negotiation to protect
every stock-holdar in the old company, and
if have succeeded in this I'm more than
satisfied. | hold the agreement of the con-
tractors to build the road as far as West
Union, provided Fayette Co. takes one hun
dred thousand dollars stock, payable when
the road is finished. Also the agreement
of the new company, if the old company
will build the road, and they will stock it
with rolling stock, keep it in repair for a
term Of years, and pay the old company
80 per cent of its gross receipts You
cannot fail to sec that it is now in our pow
or to build the south line within the next
eighteen months; we have saved our lands
and stocks subscribed Our debts are paid
and when our line is constructed to the
CEDAR the 10 per cent on our business
which the new Co. is required to pay will
soon amount to much greater sum to the
stakeholder than what we have lost on the
work thus far.
/ am, very respectfully yours,
JEDEDIAH BROWN,
Pres't. Of the McGresor, St: p. & NJ. II. r.
VINO is RESPONSIBLE? A writer in the
Buffalo Commercial, a Lincoln paper, makes
the following confession in regard to the
responsibility of the North for the present
crisis
Let the North, especially New Enland,
remember that for this fearful result they
are primarily and mainly responsible, by
their reasonable legislation, by bar room
and pulpit assaults upon the South, in
which unholy alliance of things sacred and
profanc, all epithetS have been exhausted,
all sound principles abandoned, and new
terms of dcnunciation and hatred invented,
irritating ut last to madness the excitable
population of, the South, for quarter of a
century, have had these Goals of fire heap
cd upon their heads.
Let the North and West remember, also,
that the necessary suhjugatioI Of the seced-
ing States will be a victory without honor
and causes Of profit that half a century OF
prosperity will hardly restore the national
loss, or heal the resulting enmities; that
commercial distress and almost universal
bankruptcy will clothe our cities in mourn
ing, and reduce all real estate, both in cum
try and city, to half its present value. Let
them restore the integrity of the Constitu-
ton, repeal all REASONABLE laws, and off, r
the olive branch to their exaspcrated breth
rem Of the South. If war must come, let
them go into this dreadful controversy with
clean hands; let them purge themselves
Of LITIGATION before they proceed to puh-
ish it in Others.