The daily Gate City. [volume] (Keokuk, Iowa) 1855-1916, 1867-10-20
TUE sonrn Missouri, RAI.no.p.

THE NORTH MISSOURI RAILROAD.
81 floms just angurs much good to itself
IN The future by the completion Of the North
Missouri Railroad, which, by transaction
recently noticed in our Geographic columns,
seems now to be assured. If keokuk lieu
idly still, that Burlington road on the east o,
IT, and the North Missouri GU the west, will
leave but a meagsr aud restricted trade to u.
IN the future.
The St. Louie Rsputi.can says OF the new
prospects ofthat North Missouri road:
The public generally will be very happy 10
learn that the tinauces of the North Missouri
Railroed Company. by recent arrangement.
are plaerd npon huch basis that the rost:
will be huished to tbs Iowa line and to Kan
sns City in very shor, time. Capt jaime.
II. Eads Tor himself and associates, has rur
CHASED the North Missouri Railroad bonds 10
the amount Of about four millions Of dollars
y, y. Morgan, Of New York. and other cnIi
saih.s oi IKE strength IN that city, arc iutet7
ested IN the enterprise anu w,tl CO. operate
energeticaiy in urging the road 10 a sreeds
eonirietion, With y iliiam Mcpbersea and
other business men and capitalist of thu
city. Isaac IL. Sturgeon, for many year,
the indetatixable President Of the com pany.
Who for many years has directed ito Affairs
and carried il through many EN- rrassment,
has resigned the Presidency, aud Z. w. Fox,
oil the house of Pratt Il Fox, Of ID city, has
been elected President pro tenn Capt John
j. Ros. Charles X Dickson, Barton Bates,
and John q. Copelia have been elected Di,
rectors.
Under the new arrangement, combining 50
great financial strength, and such bu.,n.ss
~txx.l IL -ast- -
n road will be completed to the Iowa line in
very short time. Al that point it will m eet
the Iowa Centrai. already in rapid process of
building northvsrd to Minnesota We have
again and agsin pointed out the importance of
this line OF road. /. lets St. Louis into the
very heart Of Iowa by = road winch crosses
four grand arerisl roads by which our city
will be placed in raj road connection with
every portion of Iowa. and with Nebraska.
!. will ,ring Minnesota to our doors. The
amount Of business which will be transacted
over this road within one year will surprise
the most sanguine in their expectations. The
gentlemen who have purchased the fonr nil,
lions OF bonds OF this road have had the .a-
ssci'y to foresee the future, and to perceive
tina, bonds secured upon such road are q
most admirable investment. The business of
The road will pay all expenses. the seven per
cent. interest upon the honda snd leave 3
handsome surplus besides. All Of these
bonds we believe, are free from taxation Of
ii. sarta II bought at the figures named last
summer, ~ cents upon the dollar. il IL good
eight or nine per cent investment, with = Ger
telnty Of semi annual payment of interest
We congratulate both Captain Esds and his
associates. and the people OF 81. Louis. upon
Inc contamination of this arrangement, by
which very soon. new field now harvested
by Chlcaso alone. will be opened 10 the en-
serprlse OF our merchants, and by which, too
the public spirited gentlemen. vho have AS
snned the burden IF flushing the road, will
ultimately be large gamers