The daily Gate City. [volume] (Keokuk, Iowa) 1855-1916, 1865-12-13
RAILROAD coxsoL.DArIoN.

We noticed few days ago meeting at
Carthage recently of the Directors ofthe Mis-
sissippi Wabash and Logansport & Peoria
Roads, which resulted in the consolidation of
the two routes. The consolidation thus effect
ed, makes one continuous line under the man.
agement of one Company fromthe Mississippi
to the Indiana State line from Logansport to
Peoria and the East end, and from this place
to Carthage at this terminus, the road is COM
pleted and in running order. The people of
Hancock County must construct the road to
Bushnell. To do this, says the Carthage Ga
zette, ten responsible men Of Hancock County
have subscribed 10000, aud the Company
now ask the citizens of our county to take
hold and subscribe sufficient to push the road
to that point They do not ask any gratuit-
Gus contributions, but it is their design to
give bona .tide stock in the road to the amount
of each subscription-the plan of which is to
take each subscribers Individual note for the
amount he subscribes, to become due when
the road is graded and track laid to the
neighborhood in which the individual resides,
For instance, man in Pilot Grove gives his
note for $500, he receives FIVE shares of the
stock Of the whole road, and his note i, not
due until the road is built TO Pilot Grore
From Bushnell to Peoria, the road is to be
finished upon the same plan. and we under
stand that so much assurance is received by
the Company, that the contracts for grading
have already been let, and the work will i'm.
medately 90 forward
From the terminus at Logansport. it will
be necessary to construct East to Union.
ninetytwo miles of road. From thence to
Columbus and Newark, it is completed line
and connects with the direct Eastern routes.
The early cempletioh of this road Is of great
Importance to all our people. Says the Ga.
zette For travellers East il will be inesti,
mable, being the shortest route by one hun
dred and twenty-three miles tabout six hours
ride to New i Iork or Boston,"
A Committee appointed at the meeting re-
ferred to, have made the following report
CARTHAGE, Dec. 5, 1863
At meeting Of the Directors of the Mis-
sissippi & Wabash Railroad Company. recent
ly held at Carthage, proposition was made
by said Directors to the firm of Henry Hill 4
Co< to build the road from Carthage to Bush
nell, and pay for the work in stock and bonds,
a limited time being given to conclude said
contract. she parties proposing to contract.
have determinedto to undertake the bailding of
the road upon the following conditions: 1t
Is estimated that it will require.One Hundred
Thousand Dollars to grade and tie the road
from Carthage to Bushnell. The contractors
propose to take s30.oo0 of that amount of
stock. and ask the people along the line of
the road to take SO, 900. to be paid up when
the road is completed.
In order to thoroughly test the matter, q
Committee has been appointed to visit those
interested along the line, and learn what
amount will he taken. The Committee desire
TO impress upon the minds of all interested,
that if the said amount of $4,000 is taken
that the parties proposing to contract. are
prepared to advance the money and go on
with the work at once. waiting for their pay
until the road is completed
The parties proposing to contract are Hen
ry Hill 4 Co, A. NJ. Waterman and others of
Warsaw; j. ". Cherry Of Carthage. and ID.
Gochenour of La Harpe, men Of known 6nan-
cial ability, energy and integrity SO that there
can be no reasonable doubt OF the completion
of the road should the contract be concluded.
Ii will be readily understood that in taking
this contract, the parties have in view both
the public benefit and somepecuniary interest
II the work is once commenced, no possible
benefit can accrue TO the contractors unless
the road is completed, no stock being due un-
til the iron is laid to points agreed upon.
Assurances have been given by the Pennr
yvana Central Railroad. and the Ohio Cen
tral Railroad. that their influence viii be ex-
erted to sustain this road in order to secure
aconnection for their roads with the Missis.
sppi River. making continuous line from
the Mississippi to Eastern cities, over one
hundred miles shorter than any other route.
JSo. W. CHERRY,
NJ. T. HuSr, Committee.
JoHs G. FoxnA, J