Daily Davenport Democrat. [volume] (Davenport, Iowa) 1864-1874, 1866-03-22
PROPOSED new ROUTE TO TINE
MISSISSIPPI RIVER.

nlsslSslPPl RIvER.
Rmpeeeane sleeslag ~ the Ner,
sAaaes eT ChSeag0.
A meeting Of businsss men and osr.
cbasts oppossd to ra,lruad monopolies uas
held yesterday afternoon in the rooms ofthe
Chicago Mercantile Association.
NJ. u. g. Wicker called the meeting "a
order. and nominated Mr. E. W. Bla!cilerd
% chairman. NJ. Blatchfosd was chosen
chairman, and Ar. g. n. Gamble secre1y
The chairman stated the object Of the
meeting, after which Mr.. Merrill Ladd, sec
retary Of the Northern Railroad. read = kt.
ter from Nr. Thompson, president Of the
Weotern Uaioo Railroad, in vi hich be slales Z
thot tie Ascine road 10 now line OF 100
m les, and with the 70 miles to connect
It with Chicago will make line Of 80
miles centering in Chicago, and giving
reasons Why the building Of the NortLan
road TO connect Chicago with the Westesn
| Union road Was . matter Of business n
portance to the people Of Chicago.
Mr.. Ladd said that Mr.. Thompson q
lisvsd that, il esO0,00O could b rais1
the grading Of the road could be c'm-
menccd in April, and that tho work cold
then be carried on without stopping.
Mr. X. w. Smith, general manager Of he
Western Union road, said that the bones u
the road built between Racine and Savannah
were sold to Scotchman n 1856 and 1877.
The company, after expending about
a, ,O00, 600, failed to get the road furtler
than Davis They then made srrangemeita
with the bondholders to finish the road u
Freeport. The bnndholders advanced 960', ]
600 and built the road to Freeport. Afer
year and half more it Was thought bst
to make an effort to complete the road 3
the Mississippi river,-a distanceof o
miles. The effort was made, but the Pc
pie seemed to lack confidence in the comp.
ny, and but small amount was rsisad iron
them. The road was finally completed, COS.
ing about $4,000 per mile.
He believed that It VAS the cheapest rod
built In the west. Nearly the whole Of tbs
money came from Scotland. The road Va
then built down the river from Savannah t.
Port Byron.
He thought that the road contained nj
outside Spectators. The bonds were al
held by the original owners Of the road.
In order to build the 20 miles proposed
to connect Chicago with this road within .
year, he said it would pe necessary to com
nence immediately Mr.. Thompson desir-
ed that connection should be made with the
road this year, and he also desired to know
how much interest the people Of Chicago
were taking in the matter. II the business
men Of Chicago make commencement by
subscribing for stocks the work might te
commenced Immediately. The people Of
Milwaukee had subscribed $500, 600
- build . road from Burlington 10 that
city. Nr. Z. d. Hollen Of that city
had been appointed . committee to see
Mr.. Thompson ani endeayor to make
arrangements for connection oS that road
with Milwaukee,. He desires to have this
matter carefully weighed, for j, was certain
that Milwaukee was making strong effort
TO obtain the carrying business sf tina,
road. lie said that Mr.. Thompson would
rather have 900 men take the stock re-
70 i9ad. than onfnr five men ". wished
Mr. D. w. Dane, . director of the Wes
tern Union Railroad, said that he had been
along the line Of the Mississippi, and he had
met almost every day runners to secure
business for st. Louis. An effort was also
being made by Philadelphia men TO secure
the trade Of the Upper Mississippi, without
breaking bulk in Chicago. The people Of
Davenport, Rock Island and Auscatins
propose to subscribe e4OO, ,00J to comf flete
the Western Union line to Milwaukee.
He said that the people along the road
would pay their share towards the con-
struction Of the road 80 soon IS Chicsgo
should commence. II Chicsgo subscribed
&200.O0O, tho farmers would subscribe
100000.
Mr. Henry Sayres then offered the follow
ing:
Resolred, That this meeting unanimous
" and cordially approve Of the objcc. for
which this meeting is assembled, in carry
ing out the proposed Northern railros d =
and that it is our opinion that It should be
be done at the es, Hest moment practicable
and we would recommend the business
men Of Chicagoto unite in taking stock in
the road, and use their influence in furth-
ering its interests
The resolution prevailed
Mr.. Sayres moved that . committee Of
three merchants be appointed to eecure
subscriptions. Carried.
Tho Chair appointed Messrs. c. G. Wick.
er, G. n Ca1y aud William b. Kay, such
committee.
The meeting then adjourned.
Daslness In New YoRk-Doeline
In MercAaaoAoe, Real Roaaee
oaA M00n0.
Nav Yonx. March 30.
The New York Bsssisg Psst to-day says
"Phcss Of goods Of I'll descr:ptioas ass
falling. The declias was greet yesterday.
Though some kinds of merchandise we're
held 81 owners vith considerable flrmness,
% moeA effort 10 make sales has IAray
h..ns ss.A GoeAh ana A. l:....sA:.-t-.s