Knoxville journal. [volume] (Knoxville, Iowa) 1874-1986, 1875-04-15

MIR. BUELL., of the Quincy & St.
| Paul r. r. Co., arrived in Knoxville
last Thursday afternoon. A meeting
at the court house in the evening was
determined upon, and upon scarce
three hours notice the hall was pack
ed with such an earnest audience as
never before there assembled for q
similar purpose.
Mr. Buell. stated that he had just
| passed over the line for the first time
from Abba to Knoxville. At Marys-
vile, as he came through, meeting
was held, and Mr.. Buell. proposed to
give them another survey from Lovil-
la to Marysville, and thence down the
line to Bellefontaine, if they would
pay the expense, and in case prac-
teal line can be found, to build the
road that way, or to within one mile
of the town If the people there would
give local aid to the amount of the
additional cost. This they promised
to do. The road will be made longer
If it should follow such line, but
would more effectually tap the heavy
coal deposits in the Cedar valley, and
would thus accommodate more people.
Mr.. b. explained that the road is
now under contract from Quincy to
Abba, and if the ctock asked to aid
the road from there to Knoxville is
raised, he can commence laying iron
from Abba this way by June lst.
There has not been time for o num-
Der of years when roads could be built
40 easily and cheaply as now. The
greatest trouble on this line would be
to secure ties in in sufficient numbers
and fast enough, but he expected to
make an arrangement for 10000 ties
at 40cts each, with man who
them by rail to Abba. Nothing
but some unforeseen misfortune
national panic, an unusually
wet season, or something of The
kind, can prevent the completion of
this road to Knoxville this year If the
$SS, 900 stock is taken. A loan of $780,
600 has been secured through the st.
Louis Board of Trade. A letter has
been received from the President OF
the Board, saying that $4,000 of the
amount is ready and the remainder
will be forthcoming as fast as wanted,
to pay freight on iron, etc.
The iron for a large part of the road
has been purchased and Is now being
received at New Orleans. The bonds
have been negotiated at IS cents on
the dollar.
| The Baltimore & Ohio Railroad
Company (call it monopoly IL you
choose), has done more to reduce
freight and passenger rates than all the
Grange movements ever organized.
This company is extending
it's connections to Quincy, and
through the Quincy Il ST. Paul
road will carry your products to the
senboard cheaper than any other line
possible can, AS it will be the shortest
line. Or il you prefer the water route
from Quincy or st. Louis, you will
have it US competing line from these
/ points.
st. Louis is awake, and Is anxious
to extend this line into Iowa. They
| will advance money OH our bonds;
but you cannot raise subscriptions
there to help you out with the loca
aid required of you.
| Say to you take stock, and the
stock holders will own the road. The
individual who has paid. or hereafter
pays his railroad lax will be entitled
to share Of stock if he subscribes All
additional amount sufficient To make
800. We want you all interested in
this road. The Company guarantees
to pay the interest on the bonds and
! the current expenses of the road,
SO that in no case will you AS stock :
holders be required to pay anything
further after your stock notes have
been paid. And yet your stock will
he valuable, aud II the road more than
pays its interes. and expenses you
will be entitled to dividends, and In
that case your stock will be worth
ldollar for dollar. This may not be for
1 years. 1T may be soon. There is not
u Western road honestly managed.
not bonded To an amount greater than
4 $4,000 per mile. that does not pay.
Without local aid sufficient to grad ,