White Cloud Kansas chief. [volume] (White Cloud, Kan.) 1857-1872, 1870-08-25

M. NJ. MURDOCH, Secretary.
The Railroad Prospect.
The prospects Of the A,chison and Ne
braska Rsilroad, ct the present writing,
seem TO be more :hopefal than at any time
heretofore. On Thursday last. meeting
OF the Directors was beld ct Atcbison. at
which the Commissioners of Atchison
and Doniphsn Counties were present. to-
ge,her with large number Of the leading
men of the two Counties. A proposition
from james F. Joy was submitted. which
was in substance IS follows:
II the present Company will complete
the grading to the State line. which is
now almost finished, and then transfer
the entire stock Of the Company to him.
including the Stock Of Atchison and
Douiphsn Counties. be will iron and stock
the road, and have the cars running to
the State line by the Grst of January nest.
The stock is to be placed in the hands Of
. trustee. and Joy is not to receive a
dollar Of it until the road is in operation
to the State line. According to contract.
Within three days after be receives notice
Of the acceptance Of the proposition by
the Company and the Commissioners Of
the two Counties, he will commence ship
ping the iron. which he now has on bcnd.
The Directors have accepted the prop
osition on their part; and the people OF
Atchison County vera almost unani-
mously petitiouiue the Commissioners to
transfer the stock of that County. and
the Commissioners have expressed their
discrimination to do so-probably this
week. Lseg petitions have also gone up
to the Commissioners of this Comfy.
who held q special meeting on Tuesday.
to consider the matter. We expect to
learn what their action was. before we 60
to press. The probability is that it will
be favorable.
The terms Of Mr. Joy may seem hard.
but they arc really better than those usu-
ally offered in such cases. When the
people voted the bonds, nine -tenths OF
them supposed they were donating that
smoqnt to the Railroad. Mr.. Joy says.
openly snd squsrely. "Give me this stock
outright, and will build your road"
All other parties Offering propositions.
say, "Give us control Of q majority OF
the stock of the road. and . mortgage on
the whole for double tho amount it will
cost to build the rosd. and we will COM
plete It," The result would be. the m ort.
gage would be foreclosed ss soon as it ex.
pirsd. and away would 60 cur County
stock. MIR. Joy says he could do the
same thing. and have al the stock in the
end. but that be prefers ending the thing
OF once. without the necessary action OF
law in foreclosing. He gives rs the road
OF once. while. others would require at
least year. Our stek 10 the Denver
road 10 bound to 60 under the mortgage
dodge-indeed. the sale has probably been
concluded ere this. We prefer to let
man have it who openly and honestly
tells what he wants, rather than men who
try to steal it under cover OF mortgage.
Another advantage is. that Mr.. joys
nsme in connection with the road will be
OF almost as much benefit as the road
itself. sni iusures speedy aud valuable
connections. He says that. this forty
miles of road slone will be of no value TO
him. bat that he will take them with
view of continuing line up tbs river.
and another up tho Nemaha Valley. in
the direction of Lincoln. connecting
with the Union Pacific. and with rail
roads which be is building 10 Nebraska.
This road will thus become link in Mr..
Joys lines running to the East and to
Southern Kansas.
Senator Pomeroy urged resson for
giving the preference to Joy. which We
think is entitled to much weight. Here
fsrred to the fact that the emigration to
Southern Kansas amounted to thousands
where it amounted to but tsns to Northern
Kansas. He attributed this greatly to
the fact that Mr.. Joy owned the most i'm.
portsnt railroads in Southern Kansas,
with connections throughout tie East.
His agents are constantly at work on the
great thorousbfares Of emigration, and
make Il business to direct emigran,s
over his linss. and iadueing them to set.
.ls along lines owned BY hin. thos secur.