The Tipton advertiser. [volume] (Tipton, Cedar Co., Iowa) 1856-1962, 1866-05-31

year Ance we opener 0utSDuH preseo
railroad eaterpRfsa Tie 4 rld -
stsadily Moved on eince, ard nch
been accomplished in this behaff. ~
are pursuing the right course, and ough
not to be discouraged by any Temporal,
delay. Perseverance will accomplish
our success.
| Circumstances do not now exist o.
they did at the time Of entering upof
this project. We then anticipated IL ~
easy matter to obtain all hingsneedfn
to complete the road beyond what gu,
subscriptions would furnish. Commit
tees from the Board of Directors have
since been East, have sought assistance
| in the market where all great Railroad
enterprises receive their support, and re.
turn to us, not discouraged in the least
but very sanguine of ultimate success
although disappointed in obtaining q
loan, at the present time. .sH@ gas LIS
Foreign capital that has heretofore
been seeking Investment in American
Railroad securities, is for the present,
! tied up "Wars and rumors Of wars" are
shaking the very foundations Of Europe.
! Italy and Austria are marshaling grea.
armies for q terrible conflict over the
possession of Venitia. Prussia and the
| German States are also belligerent and
| preparing for grim war. In either case
all Europe will soon be embroiled in a
terrible conflict, such as has not been
| known since the time of Charles the
18th.
Besides all this, in England and
France exists fearful monetary crisis,
such as has not been known since 1925.
The failure Of Sir Morton Peto and 9TH
ers, has shaken the confidence in all
commercial transactions, financial secu-
rites, and everything else, except gold
in their own vaults. Hence for the
present nothing can be hoped for from
that direction. E 7.h' r
At home the threatening aspect of at
fairs as between Congress and the Prcsi-
dent, the still unsettled state Of the coun-
try, the anticipated approach of a crisis
in money matters, resulting from the
panic and many great suspensions in
Europe, unsettles things here, and rem
ders small enterprises like ours very diff
ficult of success at the present time.
But with all this, or Directors are
very sanguine of success. They Lave
been over the ground-have investigated !
the question in all its bearings, and a.
though they cannot negotiate loan just
now, they have no doubt of ultimate
success. But this involves time, causes |
delay, puts off the completion of the /
Road from this season to the next, and
perhaps for longer period. ii d. n
Our Road is nearly all graded, but en-
tirely without ties; yet there is far more |
than enough subscribed to complete the
grading, bridging and tieing from Will
on to Upton. Under this state of af-
airs, capitalists who would bury our
,onds, will say, "Ifyou have not conf
lence enough in your enterprise to ex-
,end your subscriptions to finish the
grading and ticing of your Road, how
AN you expect us to have confidence to
'uy your bonds?" n'i aT,,
Under this state of facts we learn that
he Board have concluded to go ahead
md push matters to completion, as far as
hey can, with the funds the subscrip-
IONS will afford them. To this end
hey have appointed committees to To-
cate the Road from Muscatine to Ana
nosa, to establish the line to each end
and prepare it for letting; to complete
the grading, bridging and tieing Of the
whole, at an early day as possible; to
issue the bonds Of the Company, and
put them in market for sale, here, at
and everywhere else that
there is chance Of selling them, and to
use the funds thus obtained to carry on
the general works.
Now the indications from the action of
the Board are that new line will be
located, commencing 81 miles south of
Upton, at Andrew Wilson's, and run
r'd MOSCOW to Muscatine, and contracts
Will be let for grading, bridging and
tieing it.
Now then, let us all stop here and con-
sfder the matter. The undersigned
speaks for himself, as only one individ-
ual among the people. Not being di-
rector, nor in any way connected with
the Company other than as st, c'S sub
scriber, he only asks that his views be
canvassed by other stock subscribers.
that II correct they may be sufficiently
supported to command the attention of
the Board, who alone manage and di-
rect the affairs of the Company. in their
own way. But it is to be presumed they
VIII listen to the wishes of the people.
Let us therefore, one and all, carefully
consider the situation, and give the