Ottumwa weekly courier. (Ottumwa, Wapello County, Iowa) 1872-1899, 1876-10-04
u NEW DEAL.

Our intelligent readers have known
for some time that there was hen on
the Ottumwa and Cedar Rapids Rail-
road. We have been in possession of
many OF the preliminary facts, but
have RETAINED from publishing them
at the request of the parties in inter-
est. 1t has been known that Col.
John s. Wolf of this city, who did
most of the grading and bridging
between here and Sigourncy and who
since the completion of the work, has
acquired in the courts, a perfect title
to the franchises of the route, includ-
ing all the work done, has been nego-
tiating with certain parties to effect
the sale Of the same. It was an
ounced several days ago, that Hon.
II. G. Angle, formerly Of the railroad
contracting firm of Wolf Carpenter &
Angle, had arrived in this city from
Chicago, and that simultaneously
with his arrival here, several other
railroad magnates of financial stand
ing, from other points had put in an
appearance, and that the outfit had
had frequent pow-wows here with
certain local parties, having liens on
the said route.
1t is now pretty certain that Col.
Wolf has sold the road-bed, grade,
bridges, franchises and in fact every
thing which constitutes the Ottumwa
and Cedar Rapids railroad, from OF
tumwa to Sigourney, to party Of
gentlemen in the interest of the Gin
ton and Southwestern Railway Co.,
which is an organization having
a road nearly ready for the
iron from Clinton to Iowa City, in
fact having the iron down from
point eighteen miles this side Of Clin-
ton. It is also suspected that Presi-
dent Hinckley,who has been the NOV
ing spirit of the Clinton & Southwest
ern, is backed by the G. B. & q. r. r.,
which organization has branch run
ming from Chicago into Clinton.
II is known that forfeit of
considerable magnitude is already
deposited in bank of this city by the
purchasers guaranteeing good faith,
and that Col. Wolf has made and de-
posted In the same place deed of
the road from here to Sigourney, and
that he is to receive $500 down and
$4,000 in February, and other pay
ments from time to time.
1t is furthermore ascertained be-
yond a reasonable doubt that Cover
nor Kirkwood is to be the President
of the new organization, and that the
Welsh's of Philadelphia,very wealthy
capitalists, are to be the power be-
hind the throne and furnish tho sin
ews Of war.
1t is furthermore ascertained that
as soon as the preliminary papers are
fixed up, and the contract closed, that
the public will be vouchsafed other
important information in the prem
ises, and that the road is to be COM
pleted from Ottumwa to Clinton via
Iowa City as fast az men and money
can do it.
We don't vouch for all this pleas
ant story in full. In fact we have
gone out Of the business of guaran-
teeing railroads in general, and this
northern route in particular. Never
theless we have received this informa-
ton from such apparently trustw orthy
sources that we believe it to be true
substantially.
The readers of the COURIER will re-
collect that we have heretofore urged
the Iowa City people to bring their
railroad here, thus assuring it of a
termination of some Importance. It
seems that they have accepted our
advice.
In the meantime If You will get
down your maps you will find that
the completion of this road to Clinton
will there give us two routes to Chi
cago from Clinton, to-wit: the Chi
cago and Northwestern, and the
Dubuque Clinton and Chicago, which
is the Clinton and Chicago branch of
the G. D. & O., and that pia this route
it will be nearer to Chicago than ria
Burlington.
1t will also cross the Chicago and
Rock Island at two places to-wit: Sig
Quincy and Iowa City.
1t will open mp and throw into our
market the magnificent country of
Keokuk, Iowa, and johnson counties,
and furnish great additional demand
for our inexhaustible coal deposits.
/ Upon the whole it appears to be a
capital project for our neighbors and
ourselves, and this time seems to be
in hands capable of carrying 1t out.
/