The weekly Ottumwa courier. [volume] (Ottumwa, Iowa) 1857-1872, 1865-02-16

BRUARY l6. 1865,
The NorsA Missouri Railroad.
The repor: Of the President of this road
for the past year shows an unanticipated de-
gree o{ prosperity IN rs business, Indicating
either judicious management Of its affairs
o. decided Improvement in the condition
Of the country u peaetrates. The important
fact il its increase OF business, IS demon
strated BY its enlarged receipts and earn.
ings ; the FORMER for the year 1864, being
$a1l .9ss 81 against 46se,e "a in 1868
and Sass, ,4S4 43 in 1862. The net earn.
ings Of the road for 1864 amount to the
handsome sum Of t2ss. .4e5 90. The total
interest on the moneys advapced by the
State in aid Of the roads construction ID
$26l 900 per annum. thus showing that,
with peace ro-es tablished and tho popula-
ton and business Of the country advanced
IS We have reason to believe they win be,
under the new order Of things inaugurated
in Missouri. the road win Be more than able
70 meet an rs llabiliisSs u 4 u S:ate.
The report from which We TAXA the above
fiures Is prepared more especially for the In
formation and benefit Of the Legislature. in
view Of N application for additional iegisia-
tive aid to secure the roads completion. -
The object is two-told first, the finishing Of
the road to the iowa line, distance Of SO
miles, IS originally intended. and second,
the construction Of the West Branch Of the
road. with view to direct communication
with st. Joseph or Leavenworth, or both; the
distance in this event to be gone over being
$50 miles. Incidental to these enterprises,
the Importance Of which none will question,
the bridging Of the Missouri river at St.
Charles II matter to be considered.
To accomplish these ends the company
proposes to the Legislature the passage Of.
bin raising tho States lien for aid advanced
in the construction Of the road. on the main
line from st. Louis to Macon, distance Of
one hundred the seventy miles. aud grantin z
authority TO the company to issue six mil.
lions Of dollars Of bonds, to be secured on the
road 80 relieved OF the States lien. With
the proceeds Of these bonds the company is
confident Of its ability to finish its main line
to Iowa, construct its West Branch to st.
Joseph and bridge the Mississippi.
In this matter the important question IS
the raising of the States lien, IN which. in
one sense, the States present creditors are
interested as we'll as the people Of Missouri.
Whether Missouri's creditors would not be
benefited by any policy which would 80 far
contribute to the State as the completion of
her railroads would certainly do, thqs better
qualifying her to meet her liabilities from her
own treasury, even il they did lose tempo
rary securitie. in the process, is PROPOSE.
ton about which We shall hereafter have
something to say. As to the sacrifice which
the State would be required to m axe, in
Welding her clsim upon the road to the North
Missouri company, very little reflection
wou'a SNOW ina. no considerable :oss wou'd
20 s'S'~"ea. i"e s'"ou"' o' money or
sAVasI s:eetts. "n'cn tne otate mas ADVANCED
'" s'd o. t"e NORM M'ss"ur'' /" $4'ooo'oU,
|" S1o'ooV PCT mile. 10 the main hne "a
c'nc sne mas contributed $1,000 per mile !;
- .ne ooa'a"ess orancn rsc'nc $os'ooo pef
"''e' ana C tnc iron MOUNTAIN $4o,ooO per
nue. ~ WIN 'nus % seen tnat the Norsn
Missouri "as 'nus TAT sl areo OUT moderately
:" Tue o'u"'y OF sne s'sss' compared WIN
tne I'oerah'y MANIFESTED IN oenah Of otner
similar enterprises.
Inc importance OF sss work which tho
NORM missouri company nas IN co"temPla'
uo' can % seen ~ . glance. ov looking st
'ne section OF country IN which 'es operat'ons
arc d'recsed. Norsn missouri Is n atura ny
he r'cnest portion Of tine state, ana IL dc
ve'opmen'' ~n'cn can aIone 90 secured
tiougn proper facilities ior transportation.
VIII. besorc the pubic Is aware OF the sact,
more ehan repay sal thaS the company asks
Oh tho seats.
NOT IS tn's OIL. NOT on'y saossd every
reasonable tAClItty O0 extended Tor the 0evets