The Cairo bulletin. [volume] (Cairo, Ill.) 1872-1878, 1873-11-02


graded from ST. Louie to Cairo
except few miles 10 Union county; !,
Was CON pleted fro~ 81 Louis to Murphys.
boro, snd finely equipped; enough iron
was on hand, less on'y i,eoo tons; ties /"
numbers sufficient were lyny beside th,
rosd.bed, to complete the road from CAR,
~ st. Louie, aud only $3uV,OVO, at The
outside, we're and srs Needed to d. The
work. Psyson. & Co. bad lost their credit
aud they could hoI raise that snuunt.
A. this juIcture Mr.. WIN. b Ogden, q
sagscious railroad man, came 10 the sid
Of Aessrs. Pay,on 4 Co. He suggested
mat s'nce The company could not get tn,
county and city bonds until litigation had
gwen them into the compsuyI bands
that second mortgage bonds to the smour,
OF the county and city bonds due to ih,
company and 10 become due upon the
completion Of the road, to bear like inter.
est with the county aud city bond, to run
the same tims, and TO 10 collsterxlly se
cured by said bonds, should b- authorized
by the comp.y. 1, was Understood, and
lie said he would "plxcs them Second
mortgage bonds TO the amount of $3.50, 90,
were su,hors d by the directors at h
meeting held about tbs ION Of Septem Der
In day or two after this meeting, when
th- Prospects OF the completion If the
fosd within ninety days were very bright,
the still prevailing financial crisis cnmr
upen the country, aud P.y.on i c., Nr
Ogden and everybody se i.ll It's disss.
'rous effects Mr.. Ogden could no, carry
ou, bis intentions. Here Was suuther
misfortune.
But The end 10 no, yet. Col $. 8. Tay.
Tor, tie president OF the company, did no,
d-sp'ir, although one after anothsr, all
ihe pr jets of tie company ~ secure the
completion Of the road had f.,lsd. lie
immediately went TO Nss York, and, vt.
der The date Of Tic, Der %. addressed ,
'-',e' 10 L. Il. Meyer, E.q., the Arneri.
can ss"ni u the European Loldsr- Of the
hrsi mortgage tonis in which be urged
upon him the necessity OF The comp .,i"s
Of tee road. He pointed I, the
fact that when the rosd las been
entirely graded through Un,un
county, which work can be done for a,
the outside, $50 o, tie company will be
entitled TO 81, 0c9 bonds of Uuion county
aud !opsstcrc, and when 1t i. completed
g Au'phy.toro nearly So O,UOo br.ide..
10 carry out The propose, srr.nse-
meni, says Col. T.ylor. "lbs company
~ili require to sell so many ofths bonds ..
viii not be required to pay for tbs iron,'
and be requsa Mr. Meyer ~ ask h,.
, rlncipsls to buy toe bonds. Thus 10, O,
we understand it, sGbs,.ntislly the pr.-
y '.ision msds 70 ihs European tond hold.
srs.
Mr.. Meyer replied to this proposition in
the following note:
NEW York, October "a 1873.
5. Sisats Taylor, ksq. Pr-sident Cairo
and 81. LOUIS R~iirosd Comp,ny:
Dx,h sIa;-ln reply " your favor OF
the 2si inst, / will urge up,n ny Fur.
posn friends not only he necessity OF
completing the line from Murphy.b,To to
Cairo, but also the niece. siiy If their aid
N purchasing the bond., De II y"ur second
m"r'gsgs or The unt.rlying county bonds
| shall ure--prrss --recommend thIs mat.
Ter strongly. esp cislly ~ it il Of 50 niue
'mpo lance 10 the security of the FIRST
mortgage now held by them.
Yours Truly, LII MsYER.
The company have taken the road ou,
of the bands Of P.ys"n X Co, and will
IL this proposition 10 accepted land We
will know within = few weeks complete
tho road o, once. Tbis 10 important. 81
need not" says Col. Taylor in his letter
TO Mr.. Meyer, "rspresen, to you the i'm.
pp'tance Of completing our road through
from Cairo to ST. Louis, =, the earliest
possible moment. A promp. completion
will enable US to At once participate in the
bsne6ts Of the immense trafir carried on
In the winter time from St Louis snd the
mort west to deep water and an open
= yer At Cairo, when the rivers shove
Z 'iro are blocked by ice or low water,
which they generally become by the drsl
Of December" From what Mr., Meyer
HIS said, We believe this arrangement
viii succeed and the road DO peedly COM
pl.te " matters ere allowed ~ remain 10
statu quo but ~e s.k our ciIizsns IL they
b-i.vs AR Meyer will urge-press-rec-
uminsui" the purchase of the railroad Sec
"nd mortgage bonds by the European cRg-
itxlists Ia the event Of tho election OF Mr..
Thomas Wilson to . seat on the board of
county commissioners, . gentleman who
declares he 10 opposed to the road being
Completed and who also declares tha, he
will not issue the "undrrlyiny" county
bonds-the bonds which sre a. be- col at
sral security for the pay msnt 81 the
money wa desire to obtain in order that
We may finish the road to Murphysboro 2
We hope our readers will not net hast.
lily, but will think over this msttsr coolly
and vote undsrstandlngly on tuesday
next.
FISHER ELIGIBLE.
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