The evening Argus. [volume] (Rock Island, Ill.) 1861-1871, 1869-02-17
PEORIA & ROCK ISLAND RAILROAD.
President Ham ilton and the Davenport stock.
holders.

a meeting of the Davenport stockholders
of the Peoria & Rock Island Railroad Com.
pany, with other citizens, was held in that
city, Tuesday, for the purpose Of listening to
OF the company. The meeting was organic.
ed DR.. Hamilton introduced, and made |
lengthy speech, giving history Of the road.
We give some Of his more important
statements as we find them in the Gazette
lie gave a sketch Of the different surveys
Of the line, especially abiding to those
which have been made on the western end
towards Rock Island. lie said that the
statement that 10 survey had ever been
made BY Carbon Cliff was erroneous. Com
ing down to the Coal Valley route, he said !
the surveys we're made IN August. lie had |
all the estimates with hun IN New orR
when he went TO meet Mr.. Frost. In the
Carbon Cliff route there was deficiency Of
100000, while there was almost a suthCIeR.
cy to build the road by Coal Valley. Mr.
Frost, and Mr.. Thompson Of the Peunsylva
MIA Central made proposition to iron and
furnish the route for $50 600 per mile and
give twenty-five per cent otthe gross earnings.
All the Directors thought this too high,
except Mr.. Cruger, who belonged to Mr..
FrOsts company Mr. Frost informed us
that was all he would do: if we could do
any better, do it. He, DR.. H., then went to
work 70 see ifhe could get any better propo-
siton. He thought he could interest Mr..
Allen, in the road and III meeting him, that
gentlsmsn was much taken with the idea Of
securing it. Mr.. Allen went to New J ork
! 1 L ! ~ 90
not close the work with any one till We had
heard from him, as his company thought
favorable of the proposition. This was all
from him and Mr.. Frost we had when the
meeting was held in January, when the
whole matter was referred to the executive
committee. We all felt anxious about it.
aud were anxious for Mr.. Allen TO make
some proposition. The executive commit.
ee, Mr., Allen and Mr.. Gable had q meeting
in Chicago when Mr.. c., said to Mr.. A., at
you are now ready, your company may lease
the road, will furnish half the iron, and
you may run the road Mr.. Cable was
then anxious TO 20 south, and wentad an
answer Immediately. Mr.. Allen thought he
could not give an answer in less than two
weeks. Subsequently Mr.. Allen informed
the speaker that he was confident his com.
Mr.. Gable was with them. Afterwards Mr.
c. said he would bind himself TO hold the
road open for Mr. Allen until the FIRST Of
April next. This was drawn upin writing.
If Mr.. Aliens company accept Mr., C.'s pro
position by the Ist Of April, they then will
be equal partners with Mr.. Gable Dr. Ham
lion then related the substance of confer
ences with Messrs. Gould and Cruger. +,
whom he stated the facts as they existed
aud both we're to meet him at Rock Island
In reference to his pledges to Dsvenpor h,
said that he never made one in his life tha
he would not carry out. He had said her
that if the company adopted Mr.. Gable,
line, they would own it, and operate it tn,
same as any other twelve miles Of road
Mr.. c. had put in writing that he would pu
in his road for the amount that any othe
twelve miles Of the road cost, and receiv
his pay in bonds or stock DR.. Il. said h,
belle we'd that had it not been for the hue
and cry raised in Rock Island and Dsven
port, in reference TO Mr.. Cables road, that