Daily Davenport Democrat. [volume] (Davenport, Iowa) 1864-1874, 1868-06-08
PEORIA & ROCK ISLAND R. n.



EprruR or DRxocRAr The delegates
appcinsed 10 represent the cit'zens OF Ds-
vtupcYt st the Peoria meeting OF the Direc-
tors ofthe Peoris & Rock Island Railroad
with the exccpfion of one ursveidsbiy de-
tanned at bome-sttendei that meeting On
The 4,h and 5th of June, accompanied by
similar delerations from Rock Island and
Moline. all acting as unit in en5eavorlnc
10 secure the location Of the road 10 Rock
Island through Moline, instead Of over the
track OF the Coal Valley Mining Co. The
subscriptions not being yet sufficient 10 jus
iify letting Of the road, and much time
beins necessary 10 hear conflicting in
nrests on the VARIOUS lines run east OF
Cambridge, the Directors decided to settle
tie location only TO that piace-which they
did by Princevile. 1oulon and Calva, leav
ing for future decision the route from Cam
bridge 10 Rock Island.
The Directors however, very courteousiy
suspended the order Of business FOR brlet
period, 10 give the delegates from the
western end Of the route opportunity 10
state their respective claims for their con
sideraiion hereafter.
Appreciaiing this courtesy, the advocates
OF the route ria Moline, briefly stated the
main points and facts whichsmade il their
inhrest-and we believe that of the Cc.-to
select that line, and Mr.. Gable on behalf Of
the Coal Valley Mining Co. replied at length,
occupying double the time consumed by all
the delegates opposing him-arguing min
uiely every point made in his speech 10 our
citizens last spring. and in almost identical
terms, with nothing new hut irrelevant mat
ter, and with reserving clauses in his prop
osition Of sale which would make him far
stronger than now, with greater oppor-
tunities TO make our manufacturers, and the
owners OF other mines subservieDt TO bis
interest.
With an ownership OF one-sixth at the
beginning and with accumulated means in
his har ds, exceeding rse enftre remaining stock
interest, we believe Mr.. Cable would coon
acquire control of.the whole line; Tor amer
the road is built the objects OF its project.
ors will mainly be accomplished, whoever
owns Ii, and NO strong or united interest
would have q reason for preventing such
control even the chief ends OF the city oi
Peoria would be secured by the msrchan-
die traffic and an outlet for their mAnutAc-
lures
The coal question-vital to us-does not
affect them. their manufacturers paying at
the present time but eigha cents per bushe'
Not wishing to occupy the time Of others,
your delegates did not debate these ques
tions, but united with those OF Moline and
Rock Island in preparing q statement-io
be left with the Board after reading II to
them-sstiipg forth briefly our claims to
consideration, and inviting the Directors,
after a careful survey OF the Moline route,
to visit that place, Rock Island and Daven-
port confer with the citizens, ascertain
their views and estimate the comparative
advantages Of the respective routes before
making final decision, which proposition
they accepted.
Your delegates took the position that un-
der no circumstances would the Coal Val
ley route be accepted by the people Of Da-
venport, as serving their purposes or pro
tecting their interest. That they will not
beyond their needs for local purposes-
contribute their business to increase the
strength and wealth Of an individual who
for many years has bindered the increase Of
manufactures, and prevented the growth
and consequent commercial prosperity OF
our city, by diminishing the production OF
coal IN order to enhance its price and by
the use Of his cspitsl-accumulsted by q
heavy tax on one OF our necessities form
cd combinations TO close up mines and pre-.
vent competition thus making his success
depend. not on our enlarged prosperity anu
ability, but on his power to compel . depen-
dence on him alone and We were support
cd in this position by the delegates from
Rock Island.
Ii We are correct in our premises, you
will sustain us when the directors meet you
before The final location is made. II not
you will have an opportunity TO place the
subject IN lis true light.
MI Cable has much at stake and will ma.
turally use al his energy, Industry, adroit
ness, plausible argument, and liberal means
10 secure the location over his road-snd
who would not: We should be equally
yieilant, active, determined and united in
protecting ourselves. not relying ON any
thing but our own tl lrts 10 secure cur ov q
interests. w. u. HOLMES,
WM. RENwIcK.
Davenport, June 7th, 1858.
HosoRs DuK.-Ws clip the following
Chicago formal Of Saturday.
The result Of the settlement Of the con
troversy and litigation between the West
ern officers and Directors Of the Chicago
Rock Island and Pacific Railroad, and
some Of the Eastern stockholders, will bs
the speedy sxtensien of the road from
Des Moines to Omaha, thus giving Chicago
. second direct connection with tho Unior
Pacific Railway. In this, a. in other re-
speots, Western energy has triumphed ovel
Eastern speculation. John F. Tracy, ESQ
President Of the road, and his Western
hackers, are entitled to the thanks Of Chi
cago and lows, for the persistence, firmness
and success with which they have main
tainst the true interests Of The company
and the public In the late spirited contest
The New York men have gone bono with /,
'hea in their ear" The effect Of III,
settlement arrived At has been to snhanc,
the value Of the stock, which frsm 96i
yesterday went up to 1911
Much cf the credit Of this Western tri
uinph is due TO the excellent Management
II Iowa Iswyers-Hon. j. P. Cook, Of Ds
venport, and Thomas F. Withrow, ESQ, Q
Des MONIES, Iowa-the latter OF whom ha
been associated with the counsel in Chica
60, in the management of the suits here
Iowa owes these gentlemen = debt Q
gratitude for the active and successful par
they have taken in this now closed con
troversy."
II gives US pleasure 10 copy the abov
and to give it an unqualified endorsement
As eternal vigilance 10 the price ef liber
lty," 20 was etsrna! vigilance the price o
victory svsr the Wall street riog. De-,
and night for the past five months hav
these able attorneys Of the rosd lent thei
best energies to secure the defeat Of th
Wall street ring. Al that time, 30 elsssl
Was the enemy watched that he never mad
stsp in any direction without gst,in
trirped his plots all anticipated and e
fectually counterplotted. his legal raid
thwartsd a every point, and every enss
frustrated. Dishsar tened. ostesneralst
and completely worried out, he surrends'
ed last Thursday in this city. Well ma
the friends efthe road give these able o
tornsys more credit than words can We
express.
SPoRr To-xIGHr.-Evsry man, woma
and child in the city should 60 to the mil
stsels ts-night.
"Tas b.sshing beauties of . nsds'
maid' are deubly enhAnosd by the ''lux,