, 1872-12-28
RAILROAD NEWS.
How to Make Chicago q Great
IRON Centre.
Articles Of Incorporation Of tho New
Chicago, Wilmington & Western
Railroad.

Articles Of Incorporation Of tho New |
Chicago, Wilmington & Western
Railroad.
Now that the iron regions Of Lake Superior |
have been brought to our doors by the compile
ton Of important lines of railway, it seems to be
generally agreed that It the supply OF coal
brought into Chicago, could be increased, and
the cost reduced, the destiny OF this city es q
great iron centre would be fixed. In most
places, the difficulty to be first overcome, is the
transportation Of the iron ore In this city the
problem to be solved is, the transportation Of
tho coal. The difficulty lies only in the trans
portation, for the city is surrounded by coal
fields not surpassed in the world.
A corporation called the Chicago, Wilmington
l. Western Railway Company has been recently
organized, with the view of aiding in the solu-
ton of this problem. It was Incorporated under
the general railway laws Of the State, which wero
enacted to reduce tho rates Of railway
tariff and to protect the people from
so-cal1ed inpositions. The following copy or
tile articles Of Incorporation, now on file in the
Office OF the Secretary Of State, at Spring field will
show the general construction OF the company,
as also the names Of the incorporators, among
~
Julian s. Rumsey and the Hon. John N. Maear,
Of this city:
Articles ef Incorporation, Of the Chicago Wilmington D.
Western Raeuy Company:
We, whose names lereunto subscribed, hav1ug
associated together in order to become Incorporated
company for the purpose Of constructing and operat-
ing railroad in the State Of Illinois, pursuant to the
provisions Of act Of The General Assembly entitled
An act to provide for the incorporatons that may DO
tor ee II p
and defining the duties and limiting ha powers Of such
corporation when organized" approved March 1884,
do hereby adopt and sign these articles OF tneorpo-
ration.
ARTICLE l.. Tho name Of the corporation shalt be
the Chicago Wilmington i Western Railway Com
Art. q. II is intended and proposed by this corpo-
Of Chicago, in the County Of Cook and State Of Hi
nois, over the most eligible route, through or nesr to
Ac village Of Wilmington ing in the County Of Of Kendall @
the County Of LaSae, aud thence in westerly direc
ton, to point the Mississippi River, nearly op
State of Iowa, With such branches side tracks, switch
ea passenger freight dcpus, may bo necessary
tofuly carry out tho objects and intentions Of this
ART. 8. The principal business Office Of the corpo
ration shall be established and aintaned in the City
! OF Chicago, County ct Cook, and State Of Illinois.
Ant. l. The time Of tho commencement Of the cor
poration shall be the first day Of Doc 1872 and it's
AnT. s. Ths snount Of capital stock oi this corpora
ton shall be fvo millions IS oo0, ,ooo) dollars.
ee1era persons % forming Ills association for this in-
corporation are Julian s. Rumsey Of Chicago; Lewis
Steward, Of Piano. Kendall County, H.; James Y.
Eddy, Of Mllington, LaSaue County, ILL.,; sterhen g.
Paddock Of Princeton, Bureau County, Ill; John n.
| s1ason, Of Chicago, Cook County, III.
ART. I. The government Of this corporation and the
management Of its AFFAIRS shall he rested In the Board
OF Directors. The President, Secretary, Executive
h o5 tho o
exercise such powers and perform such duties in the
government Of this corporation and the management
and resolution Of The Bosrd Of Directors The names
Of the First Board Of Directors Julian s. Rumeey,
Lewis Steward, Jamea !" Eddy, Stephen g. Paddock,
ART g. The capital stock Of this corporation eha be
/ divided into ffty thousand shares, Of S100 each.
! In witness whereof do herer Ito subscribe OUT
| nafacs the fifth dag Of December A. D., 1872.
F.! JULIAN 8. RUMsEY,
LEWIS STEWARD,
| JAMES ". EDDY,
| STEPHEN G. PADDOCK,
Tho new Company, being organized under the
! general railway laws Of the State. is compelled
20 i:le in tue Office Of the Clerk OF each county
through which it passes, a schedule Of freight
ated from. These must be from so to 25 per
cent lower than ordinary railway rates, con-
ditioncd upon tho terms mado With the various
counties. Neither can they consolidate with
The road is intended to reform tie present rail
way rates, and reduce the cost Of TRANSPORTS
ton. Tho Company contend that they can
build, equip, and sustain the road with these re-
duced tariffs which is an experiment in railway
management, tho result Of which will be looked
forward to with some interest, as it will
remove or establish the general opinion, that
runway companies charge rates unnecessarily
high. The way in which tho COMPANY propose
to aid in the solution of tho coal question, ia By
dealers IN the city can afo1d to sell good quail
ity for So per ton. The limo Of tho road runs
through extensive coal fields, extending from
La Sale to Princeton. distance Of 20 miles,
hpv nl,efh hv nnv ifr391e
tant railroad. The whole work is intended to
benefit the people, and the Company propose to
mako the experiment., having every confidence
in it's SUCCESS, and believing that tho benefits
sought for are worthy Of trial. The right Of
way out OF the city il already acquired by wise
provision Of the City Council recently enacted,
which requires that tho various roads running
out Of the city shall each give tho right of way
over their road to 1T least two additional lines.
THE CHICAGO ILLINOIS RIVER RAILROAD
r'mpany will begin active operations in tho con-
stcrction Of their line carly iu the spring. They
are aow engaged in examining two routes, and
mado in few days. cno line runs from Chi:
cago to Henry, and through the Wilmington and
Vcrtnillion coal telds; tie other runs through
Lnmonte, plainiic!d, and Marselles. The
snfas5 any event. si tea9 roa
River opposite Kcoluk, Iowa. On both Of tht
proposed routes the Company have met witt
! liberal donations, and no deficiency will be e1
porienced in securing the right Of way, ant
tue greater portion Of tho necessary funds
The recent very judicious action Of the Cit,
!. Council in granting tho Company liberal righ
Of why has douo much to impress upon tht
, minds Of residents along tho proposed routcf
that tho new limo is managed by trustworth,
, gentlemen, aud will bo productive OF the bene
its they promise.
REAL ESTATE TRANSACTIONS.
; The following Instruments we're fled for rec
/ ord, on Friday, Dec. ~:
CITY PROPERTY
Hubbard-st, bet Peoria and Grcen-sts, IT, Lot g.
eS # Of Lot TO- dated Dec. &c; consideration s5o0o
Park-av bet Lcavitt and Hoyne~ss, It, 6o1l24 It
dated Dec. q: consideration. 81 OQl.