Cedar Falls gazette. [volume] (Cedar Falls, Iowa) 1860-1895, 1868-06-05
Woi'1x ON the Road west
aOf Iowl Fulla tn bc
Esls;pCn91Cd.

DIX On the ISOud Yves,
/ sOfIovva Fails tn bc
/ IL SssspcnSIcd.
| We learn from the Dubuque paper
that work on the divAion or athisroas
west Of Iowa Falls, which has beer
going forward rapidly for months
past, Is about to be suspended, Thll
course was decided .ufou ok y meet
ing of John I. Blob, 5f411 bun
cumb .and Plat Hn5s = eSd ins
men in the Iowa Eel " Sions
City Co., held atS M op las
Monday.
The Dubuque Herd fcs the FOL
lowing facts concerning tho present
condition Of affairs so far as they arc
made known:
The Iowa Falls md Sioux CITY Co,
has failed to accept the land grant
made by the Legislature last winter
within the time provided by the act
and consequently the Iowa Fails aud
Sioux City company has lie claim
upon the state for the grant. Hut In
a compromise between. the old Du,
buque and Sioux City and the Iowa
Falls and Sioux City company con.
tract was entered into, having nenai-
ties attached which may mot be
avoided by simple default, and un-
der which the latter company while
having. no right to the land grant,
may by compliance with its terms
effectually shut out the former from
extending tho road while itself
abandons the extension. IL we re-
member correctly, the Iowa Fe lis s.
sioux City company, under this con-
tract, was permitted to come in with
in sixty days from tho regrant of
lands to itself, pay TO the Dubuque
aud Sioux City company the amount
expended by II west of Iowa Falls.
and assuming oil of. its contracts. be
released from all liability for dam
ages in not extending tho road be-
cause OF unfayorablc legislation.
The sixty days Limitation expires, on
the sixth Of this month, Saturday OF
the present week. Up To this time
the Iowa Falls and Sioux CITY com
pany has paid nothing to the Du-
buque aud Sioux City company of
the money expended in the extension
Of the road west from Iowa Falls.
The contractors, Douglass, Brown
and Denton, have been pushing the
work between Iowa Falls aud Fort
Dodge with energy, the monthly es-
Inmates being about $4,000 per
month, which has been paid by the
Dubuque aud Sioux City company.
The estimate for the month soon to
be paid Will not be less than 500 900.
The expenditures OF the company
then will have been about 500. 900.
This sum must be paid ut the Office
of the company in New York by
Saturday next, or the Iowa Falls and
Sioux City company cannot take the
benefits of the provision Of the con-
tract to which we have referred.
Failing TO comply with this provision
of the contract Mr.. Blair's company
must leave tho work of extension OF
the road in the hands of. the old COM
pany, to DO continued or discontinued
Mt its pleasure. Having complied
with this provision of the contract
the extension of the road will be
passed to the Blair company.
Mr. Blair gives as his reason for
not accepting the grant, that he is
unable to raise money for the build
ing Of the road to Sioux City while
the restrictions Imposed by the legls-
lature remain.
1t Is still hoped that tho work on
the road may not he suspended. If
Blair fails to meet the creditors of the
contract and allows tho Limitation to
expire without action the old ID. & $,
G. company will assume the extern
sion aud do the best they Gnu. J.P.
Farley, the Vice-President OF the
old company, is evidently Watching
the movements Of Mr.. Blair closely.
The latter is now in New York city,
aud his further action while there
will have much to do with the extern
sion of the road at this time.