The Superior times. [volume] (Superior, Wis.) 1870-1912, 1874-05-09
TERMS
$3.50 PER ANNUM


Chicago and Northern Pacific Air Line Rail
way Co. have accepted their portion of the
St Croix land grant or not We should
think that Company, after striving so hard
with the Legislature for its possession-and
considering the great value of the grant be-
tween Superior and the intersection with the
line to Bayfield-would not fli! to comply
with the act of the Wisconsin Legislature
comforting it. The sixty days time in which
they had TO accept, is about expiring, and if
the c. 4 n. ?. Air Line fail to file their bond.
then, according 10 the law, the lands shall
vest in the North Wisconsin Railway Co.,
upon the latter's filing their acceptance and
bond within twenty days. which we presume
they will make haste to do, thus evincing
the same good faith, perseverance and ener-
gy, displayed in their prompt action in regard
to the other portion of the grant, as given
below
NORTH WISCONSIN RAILWAY COMPANY ACCEPTS
LEGISLATIVE TERMs-FLEs ITS BOND
1T ''MEANs BUSINESS"
From the state JouRnal, Madison
We copy below the bond given by the
North Wisconsin Railway Company, in ac-
cordance with law for the fulfiIment of its
part Of the contract for the building of the
st. Croix Land Grant railroad, from Lake St
Crox to Superior, the grant for which it has
filed with the Secretary of State resolution
to accept. The penalty fixed in the bond is
SIX hundred thousand dollars, and in addition
to the security of the company, as principal,
it has the individual responsibility of eigh-
teen solid men, who Justify. in the aggregate,
to the sum Of fourteen hundred and fifty
thousand dollars. 1t is very strong Bond,
and shows conclusiyely that this company
means business, and that the people on the
line of this road, are not to be again deceived;
but are certain that this company will act
towards them in good faith; and thai a rail
road though their country is sure thing, un-
less, in some way, the Land Grant is lost.
The North Wisconsin Railway Company de-
sired to secure this grant for an honest pur-
pose-to construct the road. This the State
Journal has always claimed and the prompt
manner in which it has accepted the terms of
the Legislative Act, and filed its bond COM
plying with every requirement, is proof of
the correctness of our claim. In common
with the people of the northwestern part Cf
this State, we rejoice in this prompt action
of the Company, and in the prospect of an
early completion of this long delayed line of
Railroad. The people on the route, have
waited long and patiently. We trust now
their highest hopes will be realized, in the
early completion of the road, and that its
benefits will prove even greater than they
have ever dared to expect. The following is
the
LAND GRANT BOND.
H,,osc al 1ne, by these presents: That we,
the North Wisconsin Railway Company as
principal and Jacob Humbird, Daniel A
Baldwin, John Comstock, \. E. Jefferson,
Lucian p Wethcrby. Horace A. Taylor Mer-
ton Herrck Zeph Platt, Charles Y. Dennis
ton. John A. Humbird, j. B. G. Roberts, J.
Ismon, F. d. Harding, S. w. Fuller, Cal
vim R. Coon, S. A. Clewell, II. C. Baker, A.
l. Clarke, as suretes, are held and firmly
bound unto the State of Wisconsin in the
sum Of six hundred thousand dollars for
which payment we'll and truly to be made,
we bind ourselves our successors heirs, ex
ecutors and administrators, jointly and sever
ally firmly by these presents.
Sealed with our seals this twenty-fitth day
of April, in he year of our Lord one thou
sand eight hundred and seventy four.
The condition of this obligation is such,
that:
Whereas, By an act of the Legislature of
the State of Wisconsin, entitled an act to
confer certain lands upon the NortE Wscon-
sin Railway Company and the Chicago and
Northern Pacific Air Line Railroad Company
and TO execute the trust assumed by the State
of Wisconsin hy its acceptance of the grants
of land made by Congress by acts approved
June Sd. 1856, and May 9TH, 1864" approx
ed March 4th, 1874, there was granted TO the
said North Wisconsin Railway Company all
the right, title and interest, which the State
of Wisconsin now has or may hereafter ac-
quire in and to the lands granted to said
State by acts of Congress, approved June Sd,
1856, and MAY 5th 1864, to aid in the con
struction Of railroad from the Saint CrOiX
river or LAKE. between township twenty-five
l25) AMI thirty-one (3l), TO the west end Of
Lake Superior and Bayfield,. except those
therein granted 10 the Chicago and Northern
Pacific Air Line Railway Company, said
grant being for the purpose of enabling the
said North Wisconsin Railway Company to
complete the railroad heretofore partially
constructed by them from the Saint Croix
River or Lake aforesaid to BAYFIELD, the said
grant being, however, upon the express con
dtion that the said company shall immediate
" proceed with the construction OF said road
from the Saint Croix river or lake 10 Bay
field and shall construct much thereof the
first year as shall, with that already con
atructed make forty miles and not less than
twenty miles each year thereafter until the
entire road is completed, and that the said
North Wisconsin Railway Company shall,
xithio seven years from the passage Of the
said act of the legislature, complete said road
in accordance with the requirements Of said
act of Congress, and shall build and complete
said road from Hudson, by the way of River
Fatis TO Prescott or some point on the Mis-
sissippi River in Pierce county, within seven
wears from the date of the acceptance of said
grant by the said company, as in said act OF
the legislature required and shall perpetualiy
maintain a freight and passenger depot not
more than three-fourths of a mile from the
present corporate limits of the city of Hud-
son, and
IFlereaS, II was further provided in and by
said act of the Legislature, that the said
North Wisconsin Railway Company should
within sixty DAYS from and after the passage
of the said act of the Legislature, file with
she Secretary f State a resolution duly adop-
ted BY its Board of Directors accepting the
said grant upon the terms and conditions in
said act of the Legislature contained, and
should also, within sixty days, execute to the
State of Wisconsin, and deposit with the
State Treasurer, a bond or undertaking, with
two or more sureties 10 be approved by the
Governor, to paw TO said State, as liquidat ted
damages, the sum of five thousand dollars for
each mile of said first forty miles which shall
not be completed 1T the expiration of one
year from the passage of said act; and fur
ther, TO pay to said State, as lquidated dam
ages, the sum Of FIVE thousand dollars for