Grant County herald. [volume] (Lancaster, Wis.) 1850-1968, 1873-06-26
LAND GRANT ACCEPTED.
Wisconsin Hallway Company Comply with the
Act of the Legislature.

From the Eau Claire Free Press.l
Ga Friday and Saturday of last
week, in Milwaukee, was held a
meeting of prominent men, repre-
senting all parts of the State, to con-
slider the question of organizing a
railway company, which would ac-
cept the ST. Croix Land Grant, and
comply with the act of the Legisla-
ture, last winter, in reference there
to. After much discussion-the diff
ficulties and responsibilities being
duly considered, company was or
gained under the the general law,
with the following officers and Board
of Directors. to-wit:
President john w. Cary.
Vice Presdent-Wm. Wilson.
Treasurer-J. Nj. Whaling.
Secrelary-D. c. Green.
Drectors-Wm. Wilson, ]. II. Knapp,
Menomonee Thad c. Pound, Chippewa
Falls; X. F. Wilson, Eau Claire Angus
Smith, ]. Il. Gilbert, John w. Cary, j. NJ.
Whaling, Milwaukee John Iawler, Prairie
du Chen o. S. Powell, River Falls; P. q.
Boyden, Hudson d. N. Campbell, Hudson
Johh Mdloy, Lafayette.
After the organization was per-
iected, the company passed rosolu-
ton to the effect that they would
accept the grant in accordance with
acts of legislature and Of congress,
in relation thereto.
j. G. Thorp, John II. Knapp, and
John w. Cary, were appointed a
committee to wait upon the Govern.
or, and inform him what had been
done, and to deposit such sureties
as he should deem sufficient, so as to
place the company in possession OF
the rights and franchises under the
law. These sureties have, most like
ly been deposited to-day, and if not,
we are assured they are all ready,
and will be placed in the hands OF
the Governor, as soon as be is ready
to receive them. This little matter
attended to, and there will be q
meeting of the Board Of Directors
to take preliminary measures &c
commence the work at the earliest
possible date.
1t is understood that the Wiscon.
sin managers of the Milwaukee and
st. Paul Co. are anxious to repair
the damage that the foreign stock
holders of that road have done, il
preventing the acceptance of thC
grant conferred upon that company
by the state, and will render the new
company such financial encourage
ment ar aid, as will place the Wis
consin Railway in such a position al
to proceed at once with the work
And even were not this the case
the high financial standing of tht
gentlemen composing the Board o
Directors is sufficient guarante,
that the work will 20 on, and tina
they will do what they stipulate t,
do.
Milwaukee, too, is as deeply inter
ested in the success of this new com
pany as ourselves, and besides, i
will receive every encouragement
from her prominent and thrifty bust
ness mon. Ofcourse, it is we'll un
|
derstood that no money can be pro
cured on the land grant itself, unit
the question of validity of title il
the State is settled by the Unite,
States Supreme Court. Hence, th
Directors themselves put their hand
in their pockets, and advance th
money to set the wheel in motion
They arc assisted, too, by sovera
outside gentlemen, who advance, il
cash, from ten to twenty thousan'
dollars, Alex. Mitchell being anon
those who advanced the latte
amount. So the public may rest as
surod that the money is forthcom
ing, and that the work will NOV
ahead as fast as man can push it.
All honor to tho perseverance an
energies of the new company, VIII
have so bravoly and determined,
undertaken a work, which is to de
velop this Northwest, and beside
add millions to the wealth of th
State ut large.