Daily Davenport Democrat. [volume] (Davenport, Iowa) 1864-1874, 1867-10-31

.. \. RECIIARSSOS. Ediser.
THURSDAY EVENING. .... OCT. 81
.------ - ------------
IOWA CENTRAL RAILROAD.
A complete lice of rail from st. Louis 10
81. Paul. secus TO lie fixed fact ana ~
,nost sure O, completion within she next
,h,s. v.a,s at the farthest, and soohef'
should there be no radical change 'o' LUG
worse in the money market.
{, Iauis energy and capital has al 'as'
..curcd the building of the North MISSOURI
Road to the Iowa State L'ne' ~ p0'"'
about seventy five miles west Of the Missis-
sippi River, and due south from Oskaoosa,
in this State. At this point the road viii
connect with the Iowa Genital, which 10
now under contract, and passes up through
the State via Cedar Falls TO the Minnesota
line, q distance Of $50 miles. th-re TO con
meet With the Minnesota Central for -.
Paul and the great and fertile country that
lice beyond the Red River oil the N0''"'
Thi. is no imaginary line-there is no spec
u,stion. but n fired fact that is now last sP
nroaching maturity. Concerning when
the St. Louis REPUBLICAN truly remarks:
nw,,l be the key 10 unlock the southern
doors of the numerous granarica OF CenHal
Iowa. which for some years past have sent
their wealth OF cereals to the city oil Chica-
20 Ono county alone, Elack Hawk,
through which ID passes, sent of las: year
800. 600 bushels OF wheat, and each county
an favored can and will do "a much nsd
more 10 build up the traffic Of the road, aud
increase our trade for these products, with
the Iowa Central completed, will ind Their
Way here instead Of seeking q market 81 Sc
where. The value Of this connection 10
81. Louis. and more especially to the North
Missouri Railroad, can now only be imasin-
ed X il the outlet Of that read. Without
it, the North Missouri would have to de-
pend upon ats local traffic for ITS profits;
With il, it becomes the great highway be
tween ST. Paul aud the Gull OF Mexico -
With a luu cture oil the interests oil these
two roads, both must become paying roads,
aud will DO Of great benefit to us.
Champlin, Balch & Co I, contractors for
the construction Of the North Missouri Rail
rood, have taken the contract for the con
struction Of tho Iowa Central, and will push
it to completion, - fast rs il is possible for
them to DO %. assisted in their intentions
and efforts BY lie able President. W. I.
Smith, ESQ.,, Of OskAloosa. The contract
oss are mon Of known and long experience
in railroad constr uction, and are, we are as
sured, we'll fitted to perform what they have
undertaken.
The grading Is steadily rogressing along
all parts Of the road at present located
forty miles Of which, between the northern
line Of Missouri and tho city OF Oskaloosa
are finished, aud thirty milcs between To
lsio aud Cedar Falls are also completed. =
ID will 10 seen that . short time only will
eispsc before We will have, by this route.
railroad communication with the fertile val
lsy Of the Des Mo,nss. Without . doubt,
the southern end Of this road will bs ready
for the rolling stock by the time the Moth
Missouri Railroad is finished to the connect
ing poin: =, thu Iowa State line. The cost
of the construction OF the Iowa Ceatral viii
compare fayorsbly with that OF any West
srn roads. and the expense oil running /,
will not be great. The grades are easy aud
light, the wear of machinery cannot he
great, aud the repairs oi The road-bed muc i
less than II the grades we're heavier, SO that
II is fair TO presume freight Will be frans.
ported at moderate rates. The bridging Is
also light, the bridge over the Des aones
river being the only one Of inportance on
the whole line.
Champlaln, Balch X Co., in this contract
with the Iowa Central, agreed TO cecure a
subscription 10 the stock of the company
for..hc purpose OF ai'ug IN the cou'tr1c
ton Of tho pes MONIES river bridge. ST.
Louis citizens would display a generous
public spIii ia Subscribing literally To tons
stock Ii is not asking much OF ;hom -
help those gentlemen IN an understanding
tho full performance oi which will benefit
Us moro than them.
Ncssrs Champiiu. Bslch i Co. are to
receive Ter the construction Of the Iowa
Central Railroad So 900 per mile in cash TO
prepare the road-bcd for thc ties anu iron a.,
two millions three hundred thousand dol
lars in common stock of the company one
hundred thousand TO be certified to them
On each ten miles Of road they may finish.
In addition to this, the company agrees to
give them $40, 900 in the first NOR, gage
ovhus VI wv b'&itu@ sh@%ANSt ~
the rate OF eight per cent per annun, pay
able sea- annually. and has transferred 70
them al contracts for work, now existing,
all subscriptions aud other property taken
by the COMPANY, 70 assist IA buisd,ng the
vcsd. and agrees u l1rnish the rght OF
way aud dupot grounds, deserving Gully to
Itself asnpervi-0!y cortiol over the exptn-
di;ures Ut the m ans % constitution. The
Iowa Central railroad Company displayed
wisdom in its generosity. In giving so
many advantages To ia contractors, lheif
ro,i will be built aud speedily. From what
w. know OF M.ssrs thsmpin, falch / Co.,
tue railroad company Will ne well repaid Tor
what they have craaicd, by an early ana
Ieriec. completion Fl their line. The I'M
diviiei attcaton OF one oi these gentle
Inen, together, with = corps OF able assist
ants. will very sst-4rtly be gwen to the
work OF construction, and we trust that ali
who are now. or vino may become, interest
ed IN an enterprise Of SO much Importance
TO our city and our State, aud one OF her
most valuable railroad connections, will dc
oil in their power to forward the enterprise
and encourage these gentlemen 10 the work
The road, according to agreement in the
contract, will, after iis completion, be ope
rated by them, end cannot fail, il properly
supported, Of being managed in the inter
ests Of this city equally A. much rs in the
interest Of those through whose country it
passes.
Certainly as the North Missouri Road is
finished to its northern terminus, % Ger.
tainly will the Iowa Central 10 finished, ex-
tending its line through the State, in the
direction Of the city Of st. Paul, building
up for itself large traffic for she great
lumber, stock and grain interests Of those
rich northern ATTITUDES, and will give to a
road extending 20 it cheap facilities Of trans
portsticn very large business.
Cntar Jussica CHASE he's found il neses.
sary TO tone down his Radical doctrines
with large adnixture Of Conservatism.
aud it is not probable that Gen. Grant will
be found to rush in where Chase fears to
tread. The truth is, that the Radicals are
dsmoralised and in this condition catch At
any device which PROMISES resting piac-