The Tipton advertiser. [volume] (Tipton, Cedar Co., Iowa) 1856-1962, 1871-11-09
The Iowa Southwestern-The Cause
of Temporary Delay.

When in the midst Of the days work
the news came last Friday that all the
hands employed in grading on the line
Of this road between Clinton and B., C..
r. l. NJ. were to stop work for the win
ter, of course there were not wanting
plenty of those who felt impelled to cry
as often and "a publicly as possible that
our railroad was "gone up" played
Out, ~ :. busted," etc., adj infnitum and
dd ,adusedn1.
There are always plenty of men who
will swear the grind-stone is swallowed
and who knew all the time the old COW
was going to eat 1t, when in point Of
fact every one knows that the innocent
ruminant wouldn't take bite Of sand
stone if she could and could not if she
would.
No reason whatever exists for the be-
lief, or even the fear, on the part of any
one that the Southv estern Railroad will
not eventually be built as contemplated.
The very worst that this unexpected
cessation from work can mean is a de
lay of a few months in the completion
of that part of the line upon which
work has been commenced. We said
unexpected cessation of work." This
Is hardly correct. The causes which
produce the delay of few months in
purchasing the iron for the road aud
meeting the other heavy expenses con.
tingent upon its being put in operation
are 80 manifest that the result Of those
causes could scarcely be called unex-
pected to any one who thinks. They
are generally set forth in an article from
the London Times published in another
column, in which the decline of all
kinds of railroad securities is stated and
explained.
Bonds of the Iowa Southwestern
Company had been prepared for the
Eastern market by the very best of in
dorsement and there seemed no doubt of
their being easily saleable. Then comes
the Great Conflagration. Chicago, the
great centre Of exchange between the
East aud the West, is burned up. What
is the patent result? 1t is that such a
vast amount of surplus Eastern capital,
which otherwise could have found its
best investment In Western railroa ds,
must flow in to repair the loss. First,
from fifty to seventy-five millions must
be paid at once in insurance alone.
Second, the ruin of many Of the bust.
ness men of Chicago, while the place
and necessity for the transaction of their
business still remains, offers very unu
sual opportunity for the investment Of
other millions. Third, the necessities
and opportunities of Chicago commerce
compel and enable Chicago to seek large
credit, both in cash and merchandise,
and to pay extra prices for the accom-
mediation.
Plainly and naturally, such enter
prises as ours must wait for capital un-
til the equilibrium caused by this drain
upon the Golfers of the money centers
Is, somewhat, Ut least, restored. Three
months, it is thought, will be sufficient
time. The delay is a part of our share
in the calamity, which, truly if some
times thoughtlessly, has from the first
been called national.
As we said before, that the road will
be built and operated, there can be no
doubt. The thousands already invested
were all the property of the Construc-
ton Company, and must and will be
redeemed by completing and utilizing
the work commenced. Neither is it at
all probable that the delay will be long
enough to- forfeit the taxes voted tn.
road and only payable upon condition
Of its being completed to specified points
by stated times-as to Upton by July
LIST, 1872 While, therefore, we are i'm
patient Of delay, let US look at the mat
ter fairly and impartinliy, and the result
cannot fail to continue US hopeful for
the future.