The weekly Ottumwa courier. [volume] (Ottumwa, Iowa) 1857-1872, 1870-06-09

Ninety reports "left" on Thursday.
Fifth Annual Meeting of the
Stockholders of the st. Lou.
is & Cedar Rapids Railway.
At a meeting of the Stockholders
Of the st. Louis & Cedar Rapids
Railway, held at the Court House in
Ottumwa, on the End day of June,
1870. Hon. 7. A. Morgan was
elected Chairman and E. L. Burton
Secretary.
The President of the Company
then read tho following report
which was on motion placed on file.
OFFICE OF PRESIDENT, !
ST. Louis Il CEDAR RAPIDS R.R.
June I'd, 1870.
To the Stockholders of the st. Louis
d Cedar Rapids Railroad
GENTLEMEN; l beg leave to sub
nit the following brief outline of
affairs on our road during the past
year, ending June I'd, 1870.
1t was found soon after the open.
ing OF the year that the company
could not rely on its own assets for
funds to complete the same. Efforts
were at once made to procure aid
from the North Missouri Railroad
Company. Finally in the month Of
| through tho assistance and
exortions Of certain public spirited
citizens of Ottumwa, who agreed te
advance $4,000 towards tho work
an arrangement was made with the
North Missouri Railroad Company
to advance tho balance till the work
was completed.
Tho work on the line was again
commenced with vigor, with the OK
pectation of being able to get the
track laid to Ottumwa by January
1870, but owing to the extremely
unfavorab'c season, and the charac.
ter of portions of the work, we fail
ed in our expectations. Soon Of
spring opened the work was again
commenced and pushed on as rapid.
ly as the torce at command could
push 1t. The whole limo is now
completed, with the exception O.
a small amount of excavation-say
5000 yards-in section forty (4O'
being on tho bluffs, south Of Soar
Creek.
Track laying commenced o,
Bloomfield, on the 9th ult., and il
progressing very favorably, under
tho circumstances. Gentlemen in
charge Of this work have been in
structed to reach Ottumwa by the
4th day Of July proximo, and say
they will be sure to do so.
AT the instance of the local
directory Of Keokuk county. this
company by contract with q COM
pany known as the eastern Con.
structing Company" turned over all
that portion of the line tn Of OF.
tumwa, to the said constructing com
pany, on certain conditions named
in the contract-a copy of which is
in possession of our secretary, Mr..
Burton. There has been some work
done on the line north of Ottumwa,
under this contract, but / have no
means of knowing what amount, as
the work has been done under the
superirtendence of engineers not in
the employ of this company.
AS to the exact amount of work
tone-its estimated cost-the
AMOUNT Of money paid for construc-
tiol and incidental expenses, the
sources from which derived, the
amou", of available assets, &C., 1
refer 70, to the accompanying re-
ports OF Engineer, treasurer, secre.
tary, and the sub.treasurer. Before
closing, ought, perhaps, to suggest
That the bridge over the Des Moines
klver, at this point-Ottumwa--will
DO completed certainly by the first
day of July next, as am advised by
the engineer in charge.
Very respectfully,
IL. II. IRIMBLE, President.
Tue Secretary then read his re-
port and the Engineers report, which
were placed on file. From the En-
gineers report it appears that the
road will be completed to Ottumwa
BY the LIST day of July, 1870. the
track is laid three miles north OF
Bloomfield. During the past yea,
there has been expended in grading,
bridging and for ties, in Davis coun.
ty ss3,os5,6s. In Wapollo county.
during the same time thore has been
expended for the same purpose $685..
317 "A, which sums have been ad
vanced by the North Missouri Rail
way Company. 1t was further sta
ted that the bridge across the Des
Moines, would be completed by the
LIST day of July, 1870.
On motion of Gen. Weaver it was
ordered that tbs meeting proceed tc
the election of Directors, to fill the
places OF those whose terms of Office
you'd expire at this time, and also
HI The vacancy occasioned by the
death ofC. Il. Fulton.
On motlep of Judge Trimble it
was orasre0 that committee of one
from each county select candid ates
10 be voted for by tn StoclrLolders
The Chairman appon-ed q r.
Woodin, of Keokul, James n,,r,oD
Of Wapello, and H. II. Trimble, y
Davis, such committee. "
The committee reported the fol,
lowing named persons as candidates
for Directors-For Wapello county,
S. d. Carpenter. James 7. Hack
worth, A. II. HamiI,on.-For Davis.
couDfv Woo,,or IN, IL ool,,l.