The Burlington weekly hawk-eye. [volume] (Burlington [Iowa]) 1860-1876, 1865-03-11
THEHAWK-EYE
Satssr5ay, March II.


The u. q n. 3. RailrooA.
Several years ago this road was compile
ted seventy-fve miles to Ottumwa, lar
enough tosntitle the Company to the lands
granted to this road by Congress, and there
1t stopped, and there it seems likely to
stop. Il ia unfortunate for us and our road
that the present owners also own the Han
nibal and st. Joseph Railroad in Missouri,
which has for some time been completed
through 70 the Missouri, further west than
anvaother road. It has been and is the IN.
ferest Of the owners to send freight, pas
ssngers and mails by Quincy, Hannibal
and st. Joseph, and it is not their interest
Ito build competing read until the local
business will pay or until it is necessary to
enable them to retain business upon the
G. b. do. road. Itis folly to expect rail-
road companies or moneyed men to sink
their means for the bene6t Of OR State OF
town. When It is their interest to extend
the road they viii extend it-not mnch be-
fore. ~
,On tho other hand the Railroad Company
gay tha&fit 10 now their interest to push on
West-that they are disposed to do 20 tose-
cure the busineAs Of Central and South
western lows and togive value to he lands
which they own. But they allegs that in
order u do 30 they must mortgage the
whole road for several millions Of dollars,
c hut TINT mortgage bonds 70 the amount OF
3l60, 600 on the frst division now exist and
are largely owned BY citizens Of Burling-
ton-that unless ahsse bond holders will
come forward and give up these bonds for
>nsw ones, the new Issues will not be even
ssoond:mortgage bonds and cannot l,e ne
gotiatsd except at q ruinous discount.
On tho other hand the bond holders say,
fret that the proposed scaling Of the bonds
on the First Division is not fair az between
them and Eastern bond holders. 2d, That
the Company do not give . pledge or post
tive promiseto extend theroad even should
they agree to the arrangement. p
+ It Is q matter Of deep interest to the peo-
PIE Of Southern and Southwestern Iowa.
tie dtisens of Burlington have o., para
mount interest in the completion of this
road to the. Missouri river. Every mile 1t
- exteuded opens new markets, increases
observation-disclosures the value of lands,
and develops our resources. We are be1ng
danKed on both sides, shove and below.
! Under III tA4 icircumitanc6s would II
not be veil for us to see what can be dones
= Would il not be we'll TO ascertain the ex-
act intentions Of the Company touching the
sxtension1 Win they oomnnsnce work
this spring If the Burlington bond-holdsrs
agree 70 the alleged unfair scaling opera.
tionf Nssf z t. 1@Vs5se s.Ts !
IS II, tho meantime We think the people
along the proposed line Of this road west o,
e thsDss Noines have claims upon the Com.
spany and should make themselves heard
The Company 10 bound to build Il through
70 GlenWood and should have completed II
before this time, and would have done &C
but for the fact stated In the first para.
graph Of this article. The B. 4 NJ. r. Rail
road, completed through from river TO riv
eriwoeld pay now-yss. It would have
!. paid At any. time sincs shs road came into
the hands of is 6rst owners, but might
have drawn business that now goes from
. Galesburg to st. Jo.s via Quincy, (muct
1 furthsz.) This is NO reason Why our road
ahould not b. built. IS IS 8 - - =
RA1IRoAD R1c11rTs. -"Plato," the De-
2 Moinss correspondent 81 the Desa,ears CT
J. ~. - D.NN e. =