The Evansville journal. [volume] (Evansville, Ind.) 1866-1870, 1870-06-28
Fan Details OF the Contract.

all Details or the Contract.
eur resGers have been informed Of
progress made during the past
aoeLs, in the negotiations for the
iruclion of the Southern Illinois
road, which terminated with the
Dnary contract or agreement
eneral Winslow and his asso
This agreement has been the
bot OF much comment, both by
Directors and our citizens gener-
ST. and a considerable degree of
itisfaotion or uncertainty has ex-
in regard to it.
en- Winslow returned to this city
c1 friday last, and has been in con-
alton with the Directors since that
iims, with a view to perfecting the
preliminary contract and making it
4cc JtEble to all parties. This instru-
u5ut was referred to Messrs. Chan
dler and DENLY, on Saturday. and on
Saturday night they gave to the Board
81 Directors their written opinion as
20 legal Interpretation aud bear
i1es. Yesterday the Board and Gen.
Wiaslow were in consultation, and
settled and compromised the leading
questions involved to the satisfaction
0f both parties, and last evening
gg ed upon q contract, which was
unanimously approved by the Direc-
t9rs
his new contract is materially diff
fsf at from the preliminary agree
ncot, and more full and explicit in
stails. By it General Winslow
az ss to build a first class railroad
~ lie Wabash River, in the direction
of armi, either by the route now sur
g 4 via Big Creek "a few miles
north of Mt. Vernon). or by a new
s0ue to be surveyed via New Har-
mly, as may be agreed upon by the
contracting parties. For this Road
t0 he Wabash, the Directors are to
The $3CO,000 of city subscription
urcn monthly estimates of work
don3. One-half Of the couuty tax, on
at criptiou, is to be paid when the
tr &c is built across the Wabash,
enc a track laid upon it; and the
osAcr ba'f when the whole line is fin
i5kel from Evansville 70 a point at or
near McLeansboro. Illinois.
ne city and county are to receive
non stock for their subscriptions
road. Owing to the necessity
aking a survey Of the New Har-
sony route, which will be entered
ar1l at once, the commencement Of
work is postponed to September
$40. The contractors agree to
plete the road to the Wabash
by the first Of July, 1871; and
tile whole line to MeLeansboro to be
dni he'd by the 3lst Of December,
A suspension of work on the
for four months forfeits the con-
IS.
b machine shops are to be locat-
e Evansville. and proper writings
are % be obtained from any Illinois
panies, with whom a CONSOLATION
& lnetion may be effected. whereby
uo discrimination shall be made
nst Evansville interests.
ae Directors are to increase the
tai stock of the company to ST.
900; and to issue and deliver tC
e contractors 100000 of pre-
isrrsd and $4OO,0 of common stock
wA the Road is completed to OF
aeav McLeansboro. The company
nay also issue mortgaged bonds in
ton to the amount not exceeding
10000.
lch are the leading points of the
ract, as modified and finally
sosoed upon last evening. by and be
81 ~ the Directors and Gen. Wins
le for himself aud his associate cou
traetors.
Fre are assured that its terms hav,
bcel carefully considered, and every
tbag done to protect the interests o
nsville; and that oil the conflict
views of the Directors have beer
faly reconciled. Messrs. Chandle
and DENLY. who have been freely con
suited by the Directors. have draw
u he contract, and are instructed t
are an abstract for publication
Ebioh We hope to give to our read
sIs N day or two. General Wins
left the city last night, and viii
eed to New York. where he an,
associate contractors and capital
will execute the contract.
Id the meantime, the survey of tn
Sew Harmony route will be pushe
coward with vigor And we sugges
our New Harmony and Pose
9ellty neighbors in that direction
It will afford them a most excel
opportunity 10 have the advau
res Of this road, if they will give
proper aid and encouragement
determination of the route. eithe
8g Big Greek or New Harmony, wi
aonend upon the aid furnished
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Indiana Patents
be following patents were granite
a 1dianians for the week ending o