Tama County Republican. (Toledo, Tama County, Iowa) 1867-1872, 1867-09-27
Iowa Central r. h..
Out Of the Woods !! !!
The Contract for 1eilding and 6tockiA1
the Road Completed iii
81, 900, 900 Invested.
IRON TO BE FL aCHAsED wlTHIS NINETY
DAYS!.
How are you RAMS Horn Route
"A full statement Of the Contract - taken
by ChampEn. Balc.i 4 Co from
President Smith.
OFFICE or THE ]. G. r. II. Go,
nsrroos, In.y. Sent 10 1857.

OFFICE oy the J. G. r. Il. Co,
rsKALoosA Iowa, Sept 10, 1857.
Ems OsKAIoosA Hen aLr:-- Gaasmen As
some of the Stock holders and others Interested
in TIE success Of tie Iowa Central Railroad,
do not fully understan the character and i'm
por,ance of the contract recently made by onr
company, will stare TINT Messrs. Champi'n.
Bilch s. Co., now Of s.. Louis Mo, are weh
and favorably known. as. gentlemen Of io'g
and large experiance in railroad matters ard
capitalists, who are not only able to do much
on their own account, but who are int;mnsefv
acquainted with, and have The confidence Of
some Of the most wealthy operators in the
Uuited states aud Europe This 6rm has con- 4
tracfed with US to build Our road from the
north end of the '.North Missouri Railroad,
to the south end Of the .Minnesots Railroad,
a distance Of two hundred and thirty miles,
The contract includes the grading, bridging,
putting on the ties and iron building the VA
ter tanks, depot buildings and Offices, tusa>
tables. round houses: machine shops, &c., BE.
In addition to all this they agree to furnish
all the necessary rolling stock for the rood
They are to complete the road and furnish the
necessary rolling stock from the north end of
the NORTH Missouri Railroad" to Oskalooss,
and from Cedar Falls 10 the .Chicago and
North Western Railroad near Toledo, a.
soon as il can be done under the terms Of the
contract From Oshaloosa to the 'ChicagS
and North Western Railroad and from Cedar
Falls TO the south end of the ':MinnGsota Geo.
trail Railroad on our north State line they
are to complete the road as fast as the neces-
sary basis shall be furnished rs provided 10 +
our contract. p"
Champlin, Balch S CO., ngrse TO control the
collecting of the subscriptions, to employ and
pay the necessary engineers and locate all
that part Of the line or road, and the stations
and depots not already located by the action
Of the co--pany.
Chaplin, Balch s Co., also agree TO secure
the taking Of one hundred thousand dollars
additional stock in our company, BY parties
other than those living along and immediase-
ly interested in our line. Seven'y-6ve thou
sand dollars Of which is to he appropriated
in building the bridge across the Des Moincs
river at Eidyyille, and the other twenty i've
! stock raised and to be obtained in Tama coun-
~. The company transfers TO Chaplin, BAlch
& Co, all contracts now existing for grading,
hrid jug, &c, all the subscriptions and other
| ,~cnrarfy "a Enr ~, thn co,nvouv ~ as.;et
building the road and agrees to furnish all
the right Of way and depot grounds, and the
sum of FIVE thousand dollars per mile, Or 80
much thereof as may be necessary to prepare
the roas bed crossings, eulvcrts, bridges, &C.,
ready for the ties aud iron. The company
also agrees to give Chaplin, Balch Co, two
millions and three hundred thousand dollArs
in common stock of the company. one hundred
them on each ten miles of road, that they may
! finish and run truins over. In addition "
| this the company agree to give to Chaplin,
Balci u Co, frs, msrtgagc bonds On the road !.
| rolling stock, Sc, at the rate Of fifteen thou
! sand dollars per mile, amounting in the ag-
gregatc TO the sum Of three million four hun
dred and fifty thousand dollars, bearing eight
per cent interest, payable semi annually. =
Thus you see, our contract, without estimat.'
ing the value ofthe right Of way, depot grounds
Sc, TO be furnished as provided for, 40 pres
viously stated, amounts in the aggregate u
some serea millions Of dcl,ur.. y
Messrs. Chaplin, Balch 4 Co., are nov
engaged in complying with their contract II
building the North Missouri Railroad ftom
Moheriy TO Kansas ci.y, AMI from Macoi
City to the south end Of the road, They pre-
pose to purchase the balance OF The irsa o -
furnished under their contract With the, N estA
Missouri Railroad Company and suf6cieos
iron for our road from the State line 70 Cedar
Falls, within the next ninety days. H
, grading between Cedar Falls and Tolede, =
nearly completed, and more than one half ef
the grading between the South State line aud
/ Oskalcosa has been performed, and the coa-
, tractors propose to secure some three hundrea
Thousand ties and build the pes Moines river
bridge this winter, with a view. Vt 6nA1i3G.
all grading incomplete, noxt spring, on these
divisions Of our road, and putting on the ties
and iron during the summer. On reading
tile IOECSOlAS SlAte 00Ul, yOu Wall 1VoA1iy O0
serve that this is not SALE OF our road, bue,
contract for the completing Of it upon b.
sis, more favorable perhaps, than has beea-
secured by any company in the Ssate Of IewA.
1t is true the contractors secure stock in our
company, but they only do so, on the same
basis as other stockholders, BY putting their
money into the road. Our directory aud o.
GERS remain ~ heretofore organised.
This contract secures to US, cOnneetieA
with the .sNorth Missouri Railroad on such
basis as We have heretofore desired, gives us
great advantages over any rival line, and
brings as it were, several millions Of capiaal
to our aid, causing the same 10 be Interested
in our road thus increasing the act ual wealth.
Of the counties through which the line passes,
which of itself, fully warrants the investmsns
Of our home capital if We do not take iato
the vast and almost innunesas
BILE favorable results Of the construction and
operating Of this great national .horougkfArs.
Yours truly,
WI. r. sArTH,
s @se PrssiAspt
Above We publish the article. by The Presi.
dent Of the I. G. r. r. The North Misserri
being in opperation to Atlanta, 81 miiSs froa
the Senthern Tine Of Iova and he llinusss4s
70 Austin, IL miles from the NostAern lias,
the distance yet to be finished between NjR~
neapolis and St, Louis is 5li miles. The fsl.
lowing table of distances viii be interesting:
NORTH AnsouRI RAILRoAD. sst
. s4sa .fs a# s#. .5a Md.
ST. Louis to Atlanta ISl
Atlanta to iowa State lino IS
Hs sssfssat8aE es8 8ahaH gg fs79 60