The Lansing state Republican. [volume] (Lansing, Mich.) 1855-1874, 1866-07-11

AID TO TIE PENINsCLAR RAILWAY Con-
PANY.-On Thursday evening last, L D.
Dlbble. ESQ. President OF the Peniusular
Railway Company. addressed the citizens
OF Lansing. a. CAPITA. Han setting forth.
q Cd able manner. tie merits Of the Pc
ninsGiar Railway. showing conclusiyely
that the road could be speedily built and
that !, Lansing did her portion. fully 5000
per nile could aud would be- a. the CON-
maui o. the company within TIE next few
Weeks. % construct the road between this
cty AMI Battle CreeA = sufficient amount
Ito grade ard lie The road fence il. erect
a. necessary buildings. aud put IL IN prime
condition for the iron anu rolling stock
On Friday evening. the citizens assem-
hiei. pursuant 70 the call Of the Mayor. a.
the same hau. for Tie purpose OF deciding
whether they would pledge the credi, OF ihe
city u tie amount OF I'VE per cent OF the
assessed valuation \ committee, con
sistlng OF Messrs ". H. Chapman. : D.
Bingham and A y Hart was appointed 10
dram the necessary resolutions who soon
reported q series, containing the following
provisions.
Isl That the city issue bonds 10 the
amount OF So, POO 20 the company. IN AID
OF the road, to be delivered when the road
shall be completed. and in running order
through the city.
2d That said bonds be issued 10 sums OF
500 each. and bear interest 1t the rate OF
ten per cent Per annum. said interest 10
be payable annually Al tie Office OF tie City
Treasurer.
Sd That the first instalimen, OF 81 POO
OF SAID bonds be made payable in ten years
from the first day OF February after their
delivery. ami =, POO in each year thereafter
except the .ast .nstailment which shall be
s.. 400
The Mayor put the question upon the
adoption OF the resolutions and they We're
carried by an unanimous vote. The result
was announced amid the most Joyous dem
onstratlOns OF those present The people
OF Lansing and Battle Greek have now
both voted unanimous. IN favor OF aiding
this road TIE citizens OF the Intervening
towns are AL alive 10 the Importance OF the
project and are lmpatiently awaiting the
time when they can initiate the noble ex-
ample OF the cities that are located at the
ends OF the road. Large private subscrip-
tons have already been made in every town
Of importance along the line, aud much
more Will Yet be raised IN this manner.
Mr. Dbble stated that the people along
the proposed extension OF the road west
ward OF Battle Creek, manifested the deep
est interest in having the road extended 10
Chicago ard were willing aud anxious 10
90 ali in their power to secure It's early
completion We're il sure thing that the
/ line from Battle Greek 10 Lansing would be
built They need not now hesitate another
/ hour nor have any doubts on this score.
This portion of the road viii be ready foE
the iron in less than one year. The means
are nearly ready, which we believe Is al
that is necessary to secure the construc-
ton Of a railroad
Mr.. Dibbe stated that be expected to be-
prepared 10 let the contracts for doing the
earth work on the road within the next five
weeks
The affairs OF the company are in ths
hands OF good men, who are determine
to push the road along as rapidly as posi-
ble, and we expect to see II completed be-
tween this city and Battle Greek within the
time fixed upon, viz: November lst, 1867.