Cedar Falls gazette. [volume] (Cedar Falls, Iowa) 1860-1895, 1867-10-04
Lease of the Dubu que and
Sioux CITY RaiIr.oad

Inc dubuque and Sioux City Rail
Road has at last after SO much talk
been leased to the Illinois Central r.
| II. That the occupation of the ID. & S.
G. r. II. by the +. G. II. r.. for the next
twenty years will be beneficial to all
towns along the road there can be no
doubt. ~
/ We find.th following relative to the
transfer in the Dubuque Herald of the
LIST inst: For the last three weeks
rumor has succeeded rumor of q lease
of the Dubuque & Sioux City railroad
until 1T hath reached Worthy. Yes
terdaXat 3 o'clock, Mr.. Farley. gen.
eral superintendent, received tele-
gram from Mr.. Jessup, president of the
road, informing him that the negotia-
tions pending with the Illinois Gen.
trail railroad company, were concluded
by the lease of the Dubuque & Sioux
City to that. company for period of
twenty.year Mr.. Farley was instruct
edtoat once turn over to them the entire
equipment of the road with the expec-
tation of their entering into full posses
sion to-day and henceforth controlling
and operating the road. It is under
stood the railroad known as the Cedar
Falls and Minnesota is included i'm the
lease. The conditions of the lease are
not made public except so much as
that it shall be operated for the good of
the people.
1.-THE causes which have led to this
change may all be combined in one
andsummed up in want ofcapital. The
stockholders and officers for the most
part were exceedingly anxious to ex-
tend the road, to provide better facil-
tiles for the carrying Of freight
and effect the transit of passengers.
They had built and put in operation
$50 miles of road under many disad-
vantages. Their capital as well as their
credit was employed to such All extent
that rapid extension was impossible.
Other roads were pushing towards and
beyond them. The traffic which was
rapidly springing up on either side and
beyond, was in danger Of being divert
ed. The Illinois Central, with its vast
machinery and unlimited capital, prof
fered assistance, 1t has been accepted,
and in such spirit that the public are
Justified in expecting to derive advan-
.tages from tho change. The capital of
the ID. & S. G.. thus released from OPP
Grating and repairing long line of
road, is pledged to an immediate and
active construction of the road west
and north until the objective point of
each line SHALL be reached. AS fast as
constructed the Illinois Central will
equip and include in their lease.
ITO the people of the Iowa Valley,
the Des Moines, the Boon and the
slope, of the upper Cedar and the Min
nesota, this will be cheering news.
They will find that there is power
behind the throne equal to their rail-
road communication. It Is not
known what changes, If any, will be
made in the local management of the
road. For few weeks the business
will unnecessarily be done Us usual.
Next week some of the rolling stock
of the Central will be crossed'to this
side of the river. Agents will at once be
sent out to secure further right of way,
and additional road be put under corr
tract. 1t is intended also, to put under
contract this fall the bridging of the
Iowa at Iowa Falls and the Des Moines
ut Webster City-fitting Inauguration
of the new era"
The Herald of the Cd also contains
the following: Gin accordance with
the policy announced yesterday, the
management of the Dubuque and
Sioux City railroad have already in
augurated plans for the imn ed ate ey.
tension Of the road from Iowa Fails to
Fort Dodge. A dispatch was yester-
day received from Mr.. Jesup, pres
ident of the road, directing that bids
should be advertised for bridging and
grading the road between these two
points, and for furnishing ties, and in
accordance with these directions Mr..
Ainsworth, the engineer, issued no
tice calling for bids. The right of way
will be at once secured, and indeed an
agent is already on the spot for the
purpose. 1t is expected, however, that
the right of way will be donated
most il not all the way.
"rhe company having leased the road
and thus being free from the expenses
of operating the road, propose to push
1t on with redoubled vigor, and have
it soon not only to Fort Dodge but also
to Sioux City, and thus make 1t the
great through route to Montana and
the upper Missouri"