The Tipton advertiser. [volume] (Tipton, Cedar Co., Iowa) 1856-1962, 1869-03-18
Ole Tipton Aarertiser,
Upton, IOWA,

V0k WlP1uN 9"Vt1Atahs,
Upton, IowAs
THURSDAY, ..~,>,.,. MARCH IS, 1865
THE BEGINNING or THE END.
There Is In contemplation, among
some II our citizens, = project having
sor It's object the completion Of the rail-
road between Upton and stan~ood
and recommending itself on account o.
Is feasibility, aud the reasonableness Of
Ia propositions. Il is estimated that II
viii cost At least $4,000 to finish the
road, including the iron which will cost
about $50 100. It Is quite certain that
the iron can be obtained BY Issuing
bonds sccsNd by = mortgage on the
road aud endorsed by number OF our
citisens. For the purpose Of procuring
lies, finishing the grading and laying
the track large amount Of cash viii
have to be raised at once. Now, - oil
men are, and ought 70 Be, careful Of
their own private fortunes and pecuni-
asy standing. Il. = net = > sxpected
thae any numbes u Indlvidnals WIN
rstse ~ poesr required and sndons
- u - amount required unless
90 can II s6ns way Be made perfectly
s q = sdoin
hs ra1t TN ntmsnts II the road are
r. l1c11l nth nothing unless or1a-
- - ) supsntructurs of tiss
-. A : security, On - short :
1ses. ~ gsa1lne would = y - valse.
- rsuld ~ -, ~ thsy ~ suo)sct
. DOGGY. The psobGbss 1atnrs valus Of
The iron, and the prospective earnings
Of > sailroad. are al that would make
GDostgags on It Of any value. Il can
not b expected that SO short . route
will do more than pay the expense OF
running II. Hence noindividuals could
- expected to complete the road and
make themselves liable for greater
amount than the probable value OF the
Iron In the future.
tits believed that the stockholders OF
the road, residing Mt Muscatinc, will re-
lease their claim on the portion OF the
route north of Upton, II need be, for the
purpose of securing the completion OF that
norton Of the road. Now, in view Of
all these facts and in view of the further
facts that Upton needs railroad; that
the people Of Upton and vicinity have
subscribed largely to supply that need !;
that nothing can be accomplished with
out excrtion, and that we must seize the
present opportunity or fall in the rear
and he crowded out by other enterprises,
a number of our citizens propose that
they will form new organization, go
to work At once, raise the money, COM
plcte the grading and tieing and laying
the track and endorse the tcnds for the
purpose OF procuring iron, prorided the
citizens interested in the completion OF
the road will sign conditional notes to
raise the amount Of $4,000, payable
when the road is completed aud the cars
running to Upton; and, proridcd .fr-
Ncr, that the stockholders will author
lie the directors to transfer all their in
dition that the new organization shall
complete the road within n specified
timc-s,cl transfer to be for the par
pose of enabling the new company IL
execute mortgages, and to be void uii-
less the road is built within the time
stipulated.
The citizens of Upton, Stanwood,
Red Oak and vicinity will be called
upon in few days l." say how much
they will be willing I" pay toward the
building of the road on condition that
the payment shall he made when the
road il built and the ears running tt
Upton. 1t does not seem necessary t.
say what each one ought to do, for any
one who wants the read and is willin.
to do his share toward getting it, vii
put down what he can afford for thu
purpose. There is no risk about such
plan, for no payment is to be made un
less the road is built No one ought t
depend on his ncighbors to furnish tn
means while he receives the benefit.
If any Of the stockholders object t
authorizing the transfer, they are col
daily invited to become members G
the new organization and help rails
money and endorse the bonds for tn
iron. II they think there is specul,
ton In it, they are invited to partic
pate. All the members of the new o
ganization ask, Is, that the people gi,
enough conditional subscription 30 TIL
when the road is built AID the subscri
lions are paid, the remaining indebte
ness will not at any time exceed u
value of the iron. This requirement
no more than reasonable. We new
expected tho road to he built ~itho
mortgaying It. And 1t has never be-
believed that the original stockholde
would pay the mortgage.
We have long needed 4 north 81
south line Of road, aud we should eI
brace cvcry opportunity to secure
through this place, for If we do NJ
other localities will move in advance
US aud render our case hopeless. Y
cannot afford to lose what We ha