New Oregon plaindealer. (New Oregon, Iowa) 1859-1866, 1863-02-27
HAVE THEY AN oRsrCT, AND IF
so WHAT

81 W 1hN
We are led to ask the foregoing
question. ami to the remarks e'nNniy-
ing our views in reply, from no cap
t,ous opposition 70 the C instruction Of q
Huil Road, through Northern Iowa. by
any company that We believe may earn
eatI7 and honestly seek such a ooasnm
nation. In the past We have enter
tanned great Influence in the disnosi-
tion Of the Milwaukee aud Pr. du CHEN
rail way company, to all in such pro-
iect to the extent Of its influence and
ability, and have abandoned that hope
OIL = upon facts that seem to us conclu-
size and irresistible. Recent disclos-
ures establish the fact that during the
last five years the company might have
furnished the desired MD but for the
accomplishment Of ulterior objects.
The present Boar,lo Directors rep,
resent the FIRST mortgage bonds; the
tenure of their Office depends upon
their ability to SO apply the earnings
Of the road as to shut cut ell suhse-
quent bond holders. To accomplish
this they not only aim to keep the
earnings Of the road within such lin
its as to declare no dividend except to
the holders of the first mortgage bonds.
bat when its earnings are swell2l to
such al cxtest as TO deprive them Of
its control ~ declaring a dividend up
IN tie common stock they divert the
funds from such e purpose 10 needless
improvements upon the road, going so
far even as to construct 1T Pr. du Chicn
the best and most expensive elevator
West Of the Lakes.
To extesd their line Of road West Of
the Mississippi woull increase the earn
ings If the road to such an extent as to
be Manageable, thus giving to the
common stock a voice in selecting the
future Z ,arl, and eniang erirg tee po-
sition Of the present.
The only project that has ever had
their earnest cooperation West Of the
Mississippi was that Ct Horse rail
rad, assured as they were that impos-.
ing aneh a road upon the country
would retard its development, perhaps
giving then aa opportunity to main
tain their present position for ten or
fifteen years. During the past few
months the managers # that road had
not even $1,000, Of funds belonging to
the road, or to others, that thew would
pledge to complete The grading and
tieing upon the first twenty I've miles
Of the route: shall we Row demand Of
the people that they be sufficiently
credulons to credit them with sincerity
in shcir reported offer Of million and
q half Of dollars 10 It's construction?
The real purpose Of the people Of
Wauson is &c delay the building of a
road at the present time, because, I'M
less they succeed in doing so the prona-
hiiity IS they will never have Il road.
Hence it is better for them to wait al
nos; any number. Of years for a road
than to have it built under circulastan-
ces trat would exclude them Of its bene-
FITS. Tint it is their object to prevent
the building Of a road by diverting the
attention of the people from an enter.
Prise that promises to meet their wants
and necessities, is too evident to need
argument.
It HOW leulains for cur peope to de-
eide whether they will aid Waukon in
b!uffing off responsible parties from tht
construction Of read, or cordially
uaite. with suel, parties in it,
speedy construction.
This office is under Obligations Il