The evening Argus. [volume] (Rock Island, Ill.) 1861-1871, 1868-06-26
PEORIA AND ROCK ISLAND RAILROAD.

since our township succeeded IN securing
$50 900 of the stock of the company and
the location Of the road via Moline. More
particularly has that been the case since The
publication Of cur article III Monday last.
Our people are beginning to realizethe neees.
sity of coming forward with most generous
subscriptions, SO as to place the enterprise
beyond the possibility of failure. Even
the friends of the Camden and Coal Valley
route are ready to bury their preferences and
unite heartily in the effort to build the road
via Moline, for they are the frieads of the
road and see that the only hope of success
lies in that direction.
We understand that the president Of the
board Of trade, and the three delegates he
sent to Peoria to secure the location of the
road by way of Moline, will each subscribe
$4,000 towards the capital stock of the
company, while another of our citizens, who,
some years ago, invested largely in the old
r. /. q p. AID who sold eut his stock at two
cents on the dollar, because Of its unfortu-
nate location by way Of Camden and Coal
Valley, viii now take like sum, asthe road
is to be built by way of Moline. If our in
formation as to him is correct il win be con-
vincing proof that those of US who advocat-
ed the Camden and Coal Valley route were
labering under great mistake, for all con-
cede him 10 be one of our shrewdest bust
ness men and best 6naneiers. Besides that,
he has had considerable railroad experience,
having been prominent director in the r..
/. j P. for some years, and its superinten.
dent for some months. Another of the gen,
tlemen alluded to Is similarly situated as 10
the old R. l. s. P. railroad and although he
sold his interest therein at the same rate,
vet he too is satisfied that the mistake which
broke down the first effort to get road to
Peoria was its unfortunate location by Cam
den and Coal Valley and, on the principle
that "the true way to recover lost money is
to look where it was lest" he too is eager
for an investment in the road on the Moline
route. 1t will thus be seen that these FIVE
gentlemen propose to take the entire amount
Of stock which, in our article Of Monday, we
deemed it necessary TO be taken in this city.
We viii, however, first have to get q quorum
OF the board of trade TO meet, and, as recon-
mended by the committee on that subject,
instruct the directors Of the road to depose
their president and elect the president of the
board of trrde in his stead" for we under
stand that all the gentlemen alluded to make
tha, condition. to their subscriptions.
Since our article of Monday we have had
port was actually engaged in building rail
road all the way from that city to St. Paul, and
vigorously discussing the propriety of build
ing another road from Davenport to Dubu-
que, in view of which facts We now think
we assessed Davenport most too much for
the Peoria road. On careful review ofthe
matter We think we ought to make our sub
scription up to Sl50.000 and to require no
more than that sum from Davenport. So
far as our city is concerned there viii be no
difficulty in raising our amount. We have
already voted 10 DAN ourselves &5eseae and
the Eve gentlemen alluded to will put up a
like amount 30 soon as D gaoram of the
board of trade can be got together. They are
Eve Of our most prominent and public spir-
tied men, who have always been the most
ardent friends or the Moline route, unless we
except the moral eentre,n aud the "centre
of morals" both of whom, il is understood
viii come down literally. Ia fact the latter
of these gentlemen actually insisted, in the
board Of trade, when there was comparative
ly no excitement on the subject, that he
should have the privilege Of putting $500,
out Of his own pocket, into the concern. At
that time, however, it was the policy Of the
board to secure as much stock as possible
for the public, and his proposition was boot
ed down as premature If not wholly inadmis
sable. Having acquiesced in the policy of
the board, and heartily co-operated in secur-
ing to the township all the stock which the
law allows, he will doubtless now be permit
ted to go in, and We should not be surprised
if he should be found in the front ranks of
the subscribers to the enterprise, for the ex.
element is now intense, around his corner.
Besides all this, as we said tefore, the Mo-
line route is rapidly growing in public favor,
and most of the friends of the Camden route
have already abandoned its sinking fortunes
and all now clamor for "chesp coal, cheap
and free ride to Peoria" via
Moline. New converts are always the most
Jealous, and under all the circumstances we
have no doubt Of our ability to raise the
100000 in addition to our corporate SUBJ
scription, so soon rs we can get quorum
Of our board of trade, desperate effort to
30 which will be made next Tuesday even
ing.
That matter being settled, the thing
which concerns us most is as TO how Da-
yenport will come up to the scratch. The
Gazette, of the 23d, eproved us severely for
making ga blunder" in our article of Mon
lay, abiding, we presume, to the unfair as
sessment we made on Davenport, which we
have acknowledged and corrected above
hat paper winds up its article on the sub
ect with the following:
"Go slow. Mr.. ARsUs. Defeated enemies d on,t
iietate terms in sais country. The directors Of
he Il. d X. /. will hear from Davenport in GOOD
anne. They understand that"
Go slow, Mr.. Gazette. We protest against
being called defeated enemies" for we are