The Tipton advertiser. [volume] (Tipton, Cedar Co., Iowa) 1856-1962, 1873-02-06
NARROW GAUGE RAILROAD

MARROW GAUGE 6AlI6OAO
Letter from DR. Rsichmsn. Project
or Of the Peoples Marrow 0angs
Railroad-Articlss Of Incorpo'
ration, 20.
SPRING CREEK JAN. 26th, 1873.
Ed. Upton Adcertiser..
DEAR SIR: To-day l find you have
mentioned our Railroad project 70
the great satisfaction of myself. There
have crept in several errors in figures
in the publication Of the Times. In
"Will it pay?' it should read in the
l4th and 18th lines, $3.50, $3.50 and
500, instead Of -, 800, e2,2OO and
e6,7O0.' / admit that you are right
in your questions or doubts at the
end Of your comments, but you and
everybody must excuse. The entire
thing has rested, since its birth, in
me, accompanied by few neighbora,
al miserable farmers. All the work
is to be done by me. Snow storms
and bad weather have delayed my
correspondence and other necessary
work Of the greatest Importance. But
now, | assure you, ere many days are
gone by you will find that our child
is brought to real life. Our "Articles
Of incorporation" will be remodeled
and published before another twenty
four hours rave passed. This being
ut present the greatest head-work to
make tho same exactly suit all, il
what We seek to accomplish; it is not
u small job. A great deal Of our final
success is depending hereon, and
therefore takes studying. 1t il my
intention to make everything rs plain
to everybody as possible before we &c
into actual business. Every man
must see plainly what we are going to
do, and know what they are doing,
before the great call for pecuniary aid
is made. l will further assure you
that l am determined to knock hole
into that mighty r. r. o. wherefrom
the present @.railroad Epizoot" IL
spread al over our land-and this lit
tie "cow path 10 the very certain
remedy for the evil. OF course . few
poor farmers cannot do this alone
all persons interested must take hold
and work vigorously; we must form
our rings and fight fire with FIRE. The
power to do this is in US; let US use
it; have confidence in ourselves and
we shall win.
And now comes our Mass MEETING,
to hold in the court house at Toledo,
Tama Co., on the 18th day Of Fcbru-
ary, at one P. NJ, where all desired in
formation may be obtained and to
which all interested are cordially in
vited. We hope to see al sections
along the line represented ut said
meeting. The further signals will be
given in due time. Please give place
to our notices, and send me your pa
per and oblige. Yours. &C..
X. REICHMAN.
The above letter, We presume, ex-
plains itself fully. The Articles of In
corporation alluded to have since been
received. They are too long for
US to be able to give them entire
herewith, but will make extracts -
fully As may be.
The Incorporation, it is stated, is
made for the purpose Of constructing
and operating a railroad "of such
gauge as may seem best from Dav-
export via Upton, Linn, johnson,
Tama and Benton counties to Eldora
in Hardin county or some point on
the Missouri river. The Company
assumes as corporation all the
powers rights and privileges confer
red by the laws of the State.
TIVE sUasownngs~rsicacvure. ny sfta-
Gle XIV, never to be amended or
repealed:
ART. v. The management, gov
eminent, and control Of this road shall
be and rest forever In the resident
stock holders of the State of Iowa, and
shall also forever be subje to the Art
icles, By-Isws and Regulations of this
ART. VIII. No person shalt BE-
entitled to more votes than one hum
dred shares.
ART. XIII. The private property
NJ individual Stock holders shall be
exempt from the payment Of the cor
porstion debts and liabilities Of said
ART. XIV The Board Of Direc-
tore shall elect from their own number
IN Executive Committee, composed Of
) President Vice President. Treasurer
lnd Secretary, whose duties shall be
such ~ generally pertain to such Of
licers, and said Directors shalt al all
In said Board. Said officers
shall hold their offices until their sue.
cessors are elected and qualified.
The following articles are given
entire, the remainder being devoted
10 usual provisions for officers, their
&C.:
ART. ri. No part Of the Stock IL
to be paid at the time Of SUBJ
.cripti0n. After the amount Of $500,
700. Of the Stock IL subscribed, the
Director may order each instalment to
,e paid On shares - they may deem
necessary, for the speedy construction
II said road, or any part thereof But
10 instalmeDt shall exceed twenty per
,entum 1t any one time, and shall not
,e ordered more often than once in one
month. Notice of such instalmsnts
'equired shall be inserted In come
newspaper published in the count )
where the principal Office Of the COM
,any is located.
ART. XXI. The Directors shall
rave full power and authority to issue
Bonds, to borrow money. and endorse
Bonds, which may be issued BY any
'erson or corporation for the purpose
4 assisting in the construction Of said
Railway. Provided that the indebted
less Of the Company shall not at any
inc exceed two.thirds Of the capital
tOck-and the Dir. tors shall have