Daily Davenport Democrat. [volume] (Davenport, Iowa) 1864-1874, 1869-01-23

The whole line Leased to
Il. l.. Cable.

Recent dessl5pmsnts iadicats that
dseision hes bsss rsschsd in the less,io,
Of the vest end ef this roads and, although
the contranis 10 not yet signed. II dsubtlssl
will b At ., s,rIy day, snd the Who'll,
rssd will thus pass into the hands Of P
L Cable. E.q., Of Rsek Island.
To bring this sbous, vhs, . msjority o
the Dre,sors we're in favor Of the Molin.
route, DR.. Hsm.lton's services wsrs tSss
secured. who. seeing thst he could no
not 1res the Coal Valley route upon tn,
Whole Boarl, delayed the meter until q
ths last msstng. when . Committee o
three, consisting Of DR.. Hamilton, Msjol
Gould and Mr.. Cruger. we're appointed
with power 10 locate the road, lot con
tracts, and lease il.
Mr.. Cruger was. and always has been. il
favor Of the Molsns route, while Dr.. Ham
ilton, Vas, of course, in favor Of the Csal
Valley route. SO the deeision really rest
cd with Major Gould. Of Cambridge. Hen.
~ county where the frinds Of ths
Coal Valley route wanted it. At thii
particular time, the pressure for the lOcs
ton Of the balance Of the read, became un-
bsarsbls. thsy hal passed the demands oi
the people BY, alt unheeded, for ever I
year, and nov, I'll on . sudden, they hsa'
them, and decide 10 favor Of the Coal Val.
10y route. Why? Simply because some
enc said it will cost more. Jet, they have
never told tho friends Of the Moline route,
whs. SOM would secure 70 them the road
until it WAS too late. nor given them 1
chance to make up the deacisncy.
In arriving at these conclusions, they
have never made sstimatss by any ether
route than via. Csal Valley. :snd new say
that the Moline route wsuld cost $3.50, ,oO0
more. oil Of which is IN unfair and fol .
estimate. Bot even taking the ground ,ha,
Il 10 oil right, to estimate to Ceal vsliey,
aud then from that ps,nt to Rock lsisnd
via. the tive routes, The figures are incor
rect - It would net cost $4,000 more
Suppssing il did. the csss weuld stand
thus; whole subscription to the road $665>
900 cost from Peoria to Goal Valley, via
Msline $2l5, 900 more than total subsssip
tieu taking ou, the tlo0. 900 voted BY th.
two eisiss. the deficiency VAS only Sll5 :
900. Moline stood ready to reduce this to
sos 900. and. deducting the over estimate,
On account Of right Of way, IL would have
been reduced 80 that the ffisnds Of the
road eeu'd easily have made up the balance
But no such chance vas given.
SO much for the location which leaves
The three cities stili at the mercy Of the
coal uensps = snd demand. that they v
unite thor msans and aid the project o.
the Sterling and Western Union
reads At some psint above Moline and
bring them into Rock Island on . Join
track. or that with the aid Of the Psunsyl-
vanis Central, they secure another route to
the East.
The further inducements to secure the
location ria Coal Valley vas the prsposi.
lions, one BY Mr.. Frost, President Of the
Toledo, Peoria L Warsaw road. the other
BY Mr.. Gable, owner Of the Coal vslley
road. Mr.. Fscst's proposition. which
csming in BY way Of Moline
VAS that he would iron the track and pu,
up the necessary depot bsildings for $50
900 per mile. and would then lease the road
and run it At 25 per cent Of the grsss earn
lngs. Mr.. Cable proposed to iron the road
and put up the buildings fer $4,000 per
mills. and to pay s7a per cent. Of Tho gross
for a perpetual lease 70 run it,
Both parties proposed 10 take the bonds 81
the company in pay for ironing the
road, secured by by mortgage on the bed.
bearing I per cent. interest, and syabls in
thirty years. The distance from Coal
Valley TO Peoria is 70 miles. The advan-
tage Of Mr.. Cables proposition therefore
was $l5C 900 in the cost ofironing the road
and p per cent. Of the gross sarnings
additional for the privilege Of running it
Also, the saving Of over 100000 in the
original cost Of the bed.
A more correct statement Of the case
would be t, say that the company delayed
unit, other interests combined to induce
Mr.. Frost to withdraw his propssition, and
this left them with no proposition but Mr..
Cables before them, and that. in The poeks,
of DR.. Hamilton. Fearing the csnsurs Of
the people, should this b. known, they kept
d secret, telegvaphed to Rock Island that
they bad accepted Mr.. Cables proposition,
md % matter Of form the committee came
on, completed the matter, and took the
early morning train Tor home, hoping 10
leave the impression that they had acted
and decided impsrtially. So
much for having . partiaan President.
Fer these things, they have ignored the
wishes Of the people Of this end Of th.
route, discarded the business Of Moline.
and will run shsir road among people Who
will patrouixe them jus, - little - possible.
or enly whom !, ssiss their eenvenissce .
do %. The following, from the Rock Il
land Argss. tells what NJ. Cable proposes
10 Do. md psrhsps . little msrs:
"Ansngsmsnts ars ssw nearly eooplsted
and the Pteria, Pstin 4 Jacksonville Rail-
road Company, BY which the tee reads will
Be- virteally consolidated, ssd. 10 csnnection
With the Ch cayo, Aiten 1 St. Louis Rail
rcad iron Jacksonville down, operated % .
Reck lslsod and ST. LOUIS rsiiway, eivins
just what ~ have lsoe dssirsd-a dirscs
! cute TO 8. Louis without change Of ears
The import nee ef THE fAst, 70 ROek Island
end vicinity, eannos be over estimased b.
our psoplsr The Pseris, Pekin 1 jackson
Vile road viii Be compls,sd and ruuni.e
IRON Peoria % jacksonville next menth /;
aud IL aa6siasssry arraasswsnss shall moi
30 made With The Chicago, Alteo L ST
Louis road, the p. p 4 J. company will at
eocs extend their line 70 St. Louis, or rather
70 the resrs Hauts 3 Alton read, using tba,
road Instead Of the Uhicago, Alton 3 S.
Louis road - 70 % 81. Louis.
As this read will d,sw all St. Louis bu.
sine .. for at least one hundred miles % The
o. r. l. 4 P. 10 Isva. and fes like die
sancs on the Western Unh o and % pass
esgsss bstWesn Sc Louis asd S,.Psul weuld
naturally uish 70 avoid the tsdium Of "a
entire THO bv etoamee. IL muot do heavV