The Tipton advertiser. [volume] (Tipton, Cedar Co., Iowa) 1856-1962, 1867-11-28
IN Z 1T - *rEI -
Muscati1ie ana Wapello Railroad.

From the Muscatine Journal, Nov. 2lst.
We published yesterday the articles of
incorporation Ola company just organ
lied for the construction of Il railroad
from this city to WapeIle, the county
seat Of Louisa county. This is designed
10 be linkin the great ) vrth and South
line Of railway. having st. Ioris and It.
Paul as objective sl,oints: q Ii will con
meet nonhwArd With the Nuscatinc,
Upton a.FAiamosa RAILROAD, which il
now nearly graded and ready for The
ties, from, this city 10 a connection with
the Chicago * Northwestern Railroad.
+ The line OF IS or 20 miles between this
city and Napeliois probably more fav-
orable for the building of a railroad than
any other of equal distance that csn be
found iii the state. 1t runs nearly the
ei'tire ichgth on that beautiful and level
eSpankes known as Slflseatihe Island
aud VIII need no excavation whatever,
simply slight 4einbankment, IT'LL it
reaches the divide between the Missis-
,sippi and Iowa rivers, where nearly all
the grading required was done several
years ago BY the POW defunct American
Central Railroad Co. This work, TO-
gethcr with considerable work done
toward the construction of bridge over
the Iowa at Wapello, the citizens Of
Eouisa county, to whom it belongs, pro-
pose TO donate to the ,AIuscatine and
Napello Railroad Co. It Will save prob
ably $1,000 in the cost of construction.
1t Is thought the entire line from Mus
cafine to Wapello can be graded and
bridged, tied and ironed, ready for the
cars, for s4jO,00o. This estimate, we are
satisfied, is ample, and 1t is within the
resources of the people Immediately in
terested in the road, to say nothing Of
the favor with which such line must
meet from capitalists abroad.
II should be stated in this connection.
however, that the people of this city ex-
pect to complete the Muscatine, Upton
d Anamosa Railroad to the line OF the
{. d \. Is.sK before they do much
towards the Wapeflo road They think
1t Is best to do one think at Il time, or at
least not allow the new project to jeop-
ard the interests Of the old.
80 a. y =
LEGACY AND SUCCESSION atten-
ton of all parties interested is called to
the fact that under the United States ex-
else law, tax accrues on all legacies and
distributive shares in excess of one
thousand dollars, whenever the party or
parties come into possession, or receive
beneficial interest in the profits there
from. And that every administrator
executor or trustee having in charge or
trust any legacy or distributiye share as
aforesaid, shall give notice to the .Assis-
tant Assessor in writing thereof, of the
district wherein the grant tor or bargaiuor
last resided within thirty days after
having taken charge of such trust. and
pay the tax on the same before making
any distribution of the legacies or dis
tribution of shares. E##8#H It
The law further provides for the paw
ment of a succession tax upon real estate
by all persons or corporations, who be-
come entitled in possession to real estate
by reason Of the death of any person.
and by all persons and corporations who
receive gift or distribution Of any in
terest in real estate, while the grantor il
living, as well as those who receive con-
veyances Of real estate which in fact
either by the face OF the instrument it.
self, or by some secret arrangement is to
take effect upon the death Of the grantor.
| All rea! estate as aforesaid which is not
properly returned, and the tax paid al
| the time of the coming into possession
or receiving any beneficial interest in
| the profits therefrom, is liable to seizure