Cedar Falls gazette. [volume] (Cedar Falls, Iowa) 1860-1895, 1867-10-25
MEETING OF THE STOCKHOLDERS
OF THE
IOWA CENTRAL RAIL ROiD.
Steps taken to push the work RAPIDLY
forWard-COmmittees appointed to
solicit subscriptions -Enthusiasm or
the people along the line OF the road
Encouraging prospects.

'ASaihS VAPiessioH lTOIn the people
everywhere, and i'm answer to the in
finite number of inquiries as to what
the Iowa Central Company are doing,
We can give our readers the most au-
thentic assurances that the terms ofthe
contract are being met and that the
general arrangements are moving for
ward with encouraging results. A
large and enthusiastic meeting of the
stockholders and prominent managers
of the road, was held at Council Hall
last Tuesday evening, to ratify the ac-
ton of the committee on the location
of the Depot at this place and to hear
their report. Mr.. Melendy, chairman
of the committee, reported that the De-
pot was located on the west of road bed.
Lot 8, Block 5, Taylor's addition. The
report of the committee was received.
The books of the company We're opened
and committee was appointed 10 so.
licit additional subscriptions. For the
the City of Cedar Falls, G. b. VanSaun,
Martin White, A. g. Thompson ana
A. l.. Nichols were appointed. Public
meetings have been held during the
present week at the different school
houses in the county for the purpose of
giving the farmers an opportunity to
aid in the grading and bridging of the
road this Fall, that the iron may be put
down early in the Spring from Cedar
Falls, south to the crossing of the Chi
cago and Northwestern II. r.. The
iron is purchased for $50 miles of the
road and it is confidently expected that
the cars will be running to Chicago
from this point via Toledo, by tile time
the next crop will be ready to move.
Mr.. Champlin, of st. Louis, one of the
contractors, will be in this place in a
few days. Mr.. Mahaney, of st. Louis,
writes Mr.. Melendy that 100000 of
bonds of the North Mo. r. r. have
been sold which insures them sufficient
capital to complete their road to the
State line, and that lively interest is
manifested among the leading capital
lists to push this road with vigor, i'm Or
der to compete with the interests of
Chicago. The great question of impor-
lance to the people of Cedar Falls, is
the early completion of the road to this
point. How long this will be the term
mus cahrot now be determined. The
Pennsylvania Central Company are
building q road from st. Paul to Su-
perior City and are exhibiting great in
terest in the building of the Iowa Cen
tral-the grand link In the chain which
is to connect st. Louis with st. Paul
and Superior City. When the road is
completed through, Oskaloosa and Ce-
dar Falls are to be the divisions on the
road. The hackers, of the North Mis-
souri, company, are the Pennsylvania
Central and We cannot even predict,
how soon ii may be before the Central
company will own the road through
from st. Louis to Superior City. Far
mers along the line of this road and the
citizens of Cedar Falls should not be
unmindful of the Importance of this
great enterprise and whatever is re-
quired of them to do, by the terms of
the late contract, should be speedily
and manfully met. Capitalists in Can
ada and in the different cities i'm the
United States are anxiodsly Watching
the progress of this road and the mo-
ment the iron horse reaches Cedar Falls
the value of property in this City and
along the line of the road will be in
creased i'm value one half. In add tion
to what we have said, we will name
few of the advantages to our people.
The proposed route will give a south
ern outlet to all the products of the |
State. 1t will give choice Of lines |
as it crosses at right angles |
all the east and west roads in the State. |
BY giving choice of markets, and !
lines to convey our produce thither, it
will create competition among those
lines which will eeentuate in reduc-
ton of freight and consequently higher
prices will be paid for all produce. 1t
will relieve the State from its present
upon the produce operators
of Chicago, by bringing into competi-
ton with them the dealers of st. Louis,
a city as rich and prosperous as Chica-
60 is, and to sum it up, 1t will enable
us to buy everything at less price and
to sell for greater price than we now
do.
1t passes through one of the richest
agricultural districts of the State, onone
hand terminating in the great lumber
regions of Minnesota and on the other,
reaching to st. Louis, the commercial
of the Mississippi, passing
the great coal regions of our
State, which will be of vast benefit to
the country along the road. These are
q few of the advantages of the road and
more we might name were Unnecessary,
but every man Of sense knows the i'm
portance and advantage that the road
will be to him; the main question at is
sue now is for you to act. Do your part
and the work will be pushed through !
w. 7. Smith, President of the COM
pany. has just been to st. Louis and |
writes Mr.. Melendy that a change has
taken place in the officers of the Mort h |
Missouri r. II. which Is favorable to |
the our interests and that the people
,f ST. Louis are talking manfully about
The Iowa Central.
A meeting of the stockholders
IF the company will be held again
.o-morrow evening.
A SUCCESSFUL CoMPANY.-The Ce-
lar Valley Insurance Company, al
.hough new enterprise Of bur City, it