The Tiffin weekly tribune. (Tiffin, Ohio) 1859-1868, 1866-06-14
The Railroad Meeting at the Court
uotfsr
Strong Hopes Of Success Opinions Of Lead
ing Citisens-The Last Opportunity 10 &c.
cure the Road now offered

Seneca county.
Although not as much interest has
been manifested in this project, as
the great benefits arising thcrefrom
would justly demand, the meeting
was quite largely attended and grca,
deal Of enthusiasm was shown by the
speakers who made short aud pointed
addresses.
The Hon Tsaac Kagy, for the pur-
pose of organizing the meeting, made
the motion that Warren +. Noble oc.
cupy the chair. The motion carried
aud Mr.. Noble on assuming that du-
ty, made tho following remarks
SPEECH or Mn. NOBLE.
The proposition for the meeting To
consider TO day, is the construction oi
the Cleveland, Fort Wayne & Chica
90 Railroad, from Tiflin 10 For
Wayne. ] do not propose to state
at length, what has olrondy been done
and what is yet expected TO be done
as believe, almost all, who are now
present, were also present at the las
Injecting, aud heard the statemcn
which then made. But, lest thcr,
should be some who were not prcscn
on that occasion, will make this
Statements Last winter n subscrip
ton was taken up in Tiilin, for th'
bonds ofthis company, and bondswcr'
subscribed for to the amount of some
thing like eighty thousand dollars
to be paid as tho work upon the
road progressed and the subscri-
bcrs were TO receive, upon full pay
pcnt, the first mortgage bonds of
the company. The proposition has
now been made that the sum be
increased to u hundred thousand
sand dollars, payable in bonds as soon
as the payments are made. The pay
mcnts are TO be made periodically, as
the work progresses, instead ofpaying
when half the work is done from this
point to Fort Wayne. The PROPOSE
ton now, is, to subscribe amounts
which are made payable at the com
plction of the work, from here to Ar
cadia, at the crossing of the Fremont
aud Indiana road The distance be
ing twenty miles, it is proposed that
this subscription shall be made paya-
bic as follows, AS soon as five miles
Of this distance is constructed, Theron
laid and IN running order, one-iourth
of tho subscription shall be paid
When another FIVE milcs is completed
of this road another fourth must be
forthcoming, and so on until the com
pletion of the road in running order
from this place to Arcadia, when the
whole amount OF tho subscription
must be paid and then upon the pay
nent Of this subscription, the parties
thus subscribing shall receive tn,
amount in the first mortgage bonds
Of the company, bearing interest
payable scmi-annunlly, at seven pc
cent. AS | stated the other evening
il does seem to me that there coul,
be but little hazard TO any man il
subscribing with those conditions, be-
cause whom we secure a railroads.
much Of the projected railroad as lie,
between the city of Tiflin and the
crossing of the Fremont and Indiana
railroad, il seems to me that we shall
have live Institution, with such pow
er of loeomotion and progress, that i
will work Us own way through the
balance Of the proposed route. II
docs not seem to me as though thorc
could be any question on that point
Now, ] might state that the reasons
why this subscription is asked is, IL
order to raise portion ofthe money
which will bo necessary to prosecute
tho work, not only to that point, but
to push it further onS Mr.. Smith is
present and will speak for himself in
a few minutes, and tho proposition i
that not one dollar shall be asked OF
paid until FIVE miles Of the iron i,
down. In addition TO the hundret
thousand dollars, payable as | hay,
stated il is proposed that the citizens
of Tifiln aud Seneca county shal
subscribe. in donations, the sum o
100000, which is to be appropriated
to the building and completion Of tn
work aud in consideration Of thes
donations, The mpehine shops an
manufactures OF the company sha'
| he permanently located in the city Q
'-riikn. This subscription is to b
made payable in 30 acres of land,
you please, of a suitable ehmactC
and location, upon which TO erect III
Machine Shops, in timber and in sue
other labor and pAierials as may |
used in the construction OF the roa,
| stated at the meeting tho other ev,
ming, that it seemed to me as thoug
A with the advantages which we alreat
n have, this road ought to pe built. \
man can look upon thc maps define
g by this road without seeing, at on
n the Importance Of the line--the Ea
te,n as we'll as the Western CONNIE