Grant County herald. [volume] (Lancaster, Wis.) 1850-1968, 1867-11-05
The Milwaukee, Plstteyills and Dubuque
Railroad.

The Milwaukee, Platteyills and Dubuque
Railroad.
The Dubuque Times has an account
OF q meeting of business men of Du-
buque on Friday last, for confer
ence with Messrs. Moore and Carter,
of Platte sille, in regard to the Mil,
waukoe, Plattevillc and Calamine
Railroad. Mr.. Carter ably set forth
the merits of the enterprise, and stat.
ed that il was intended to finish ten
miles of the section west of Calamine
where it connects with the Mineral
Point and Illinois Central, this win
ter and tocomplete the whole sixteen
miles 10 Platteville by midsummer
next year, and appealed to the peo-
pie OF Dubuque to help build the link
between Plattevile and Dubuque,
which would give them, on the COM
pletion of section from Monroe to
Riverside, which the ST. Paul com
pany had agreed to build, new
route to Chicago and Milwaukee .-
He showed that the route was more
easily constructed; and passed thro'
a better section than any other, with
tiourishing villages, we'll settled and
rich farming country and numerous
water privileges. He maintained
that Dubuque would secure large
amount of trade by the opening of
this road, and Milwaukee would also
draw largely of business which now
went to hicago.
After remarks from othrr gentle
mon, the following resolutions were
adopted
RESOLVED, That the proposed Du-
buque, Platteville and Milwaukee
railroad is one that should be built,
lnasmuch as it presents natural and
practical road bed, passes through a
rich and productive country, and
promises to be paying investment.
RESOLVED, That the citizens of
Platteville who have initiated this
project, and are actually at work
in building said road, arc entitled to
our warmest thanks.
Resolced, As the sense of the Board
Of Trade, that its members will cheer
fully give their hearty CO operation
in furtherapce of this enterprise
MINING AT FAIRPLAY.-Ihe Fair
play Mining and Level Company, their
works half mile below Fairplay vii,
lage, are working with economy and
diligence. They have entered the
mouth of one of the old ranges known
to be rich with mineral below water.
and are drifting over 100 feet below
any previous exp. orations. The sew
eral parallel ranges in that vicinity
all known to be of certain but un-
known wealth, may be approached,
mined and undermined with adit or
level works by following the cross
openings leading into these several
chambers. The existence of such
transverse crevices is we'll known -
and by following these until the cross
openings are met with, there can be
no difficulty in passing through into
other ranges. That this mining Conn
pany, in adopting this method of
making sweeping discoveries, will
very soon report the greatest success
es, there can scarcely be any doubl.
We can only apprehend this single
reason for failure: In working so far
below the upper water level, this un-
derdrainage may fail for want of
communication. But this has surely
| been taken into account.
This company commenced work
upon too small capital, but by the
strictest economy have made up for
short cash allowance. We have been
told that they have but only $25, 900
Of taxable capital, and that the
whole work has been done upon IL
per cent. levy upon such capital, or
about SO, 900, a large part of which is
not yet expended, or even collected
The company trust to making soon a
good discovery of mineral, and then
prosecuting the entire work without
further assessment of capital the sur
plus dividends to be divided among
shareholders. They may be success.
full, in which case unbounded wealth
can scarcely fail them.
They have lease on all the mining
lands which their works may affect
in that vicinity. The stock of those
who neglect to pay assessments is
ADVERT sed for sale, as will be seen by
notice in the Herald. A lengthy ar
ticle is copied in our paper this week
which was taken from the columns
OF the Chicago Tribune, in which the
Fairpiay and other mines are de-
scribed.
WooLLgN Goops.-All kinds of cas-
simeres, cloths, fannels, &C., are now
selling below the lowest prices pre-
vious to tho war. Although the wool
of common grade which has been
worked into common wares is also
very low, the goods now offered can
not be replaced short of adding fifty
per cent. Of course all persons who
are able TO buy will at once lay in
stocks of cassimeres and cloths. The
cause OF such low prices is oil owing
to heavy stocks on hand. The facto.
ries East and West have generally
stopt running, not to resume till a run
of high prices. We learn that Mr.. D.
Oliver has stopt his factory at North
Andover, and will not start it
again till in March next. He has
plenty of wool on hand, but cannot
run at present prices.
Communicated