Nebraska advertiser., 1877-08-23
The O., NJ. & p. Railroad.

The City council, at its netting on
| Wednesday evening, decided to issue
the remaining $3.50, 900 of city bonds,
on certain conditions, in payment oi
the subscription of the city to the cap
! ital stock of the Quincy, Missouri &
Pacific Railroad Company, the vote on
the proposition being ten in favor, and
! one against the issue. During the
time the question was pending in the
! Council We have not seen fit TO discuss
! it, deeming it a matter for the Mayor
and Alderman to determine, and no.
ticing. as we did. that the city's repre-
sentatives were carefully and deliber-
ately investigating it. and were by nc
means inclined to form any hasty judg-
ment in the premises or neglect the in
| terests of the city in connection with
the subject. The city authorities hav-
ing arrived at the conclusion that the
company is entitled to payment on
the subscription, we may now assume
| that the matter is disposed of to that
extent, and that an immediate effort
will be made to extend the road, as
has been provided for in the terms un-
der which the city bonds are to be
| transferred.
The extension of this line of road is q
very important matter to Quincy, and
! its com pletion to the western boundary
of Missouri will be an event of far
more consequence to the commercial
interests of the city than any other in
our history. Looking at the location
of the road, and the character of the
country it is TO traverse, we find the
building of the line is entirely justi-
fed. The section of fertile country
through which it is projected needs a
railroad, and will amply support one
by contributing large and profitable
| traffic. a. Considering the fact that this
enterprise is controlled by Quincy
parties that there are liberal munich
pal subscriptions along the entire line
and that large personal aid can also be
obtained that the people of the re-
| gion through which the road is to run
are very anxious for its construction
/ and Will assist in every way possible,
and that this is a very favorable time
| for building railroads, owing TO the
unusual cheapness of all that enters
| into their cost-it must be admitted
the prospect is an encouraging one to
all interested. We can see no reason,
! if the managers take bold with an ear
nest determination to push the work
| forward, why, with the present and
prospective resources of the company
the road cannot be completed within
a reasonable time, all debts be satis-
| factorily settled. and valuable line
obtained which will be profitable in
vestment to all tockholders. This
road can be finished and have COM
parstively small bonded debt. Its
stock ought to be good in time and
can be made so. we think; and ifQuin-
cy's $500. 900 can be thus saved, 1t
would certainly be to her an agreeable
as it would be a novel, experience.
The establishment of the main shops
of the line at Quincy. where they will
naturally be located and the expected
cbeapening of fuel by the opening of
new coal fields would be also great
benefits to the city. We hope to see
this great enterprise. which has been
carried along and kept up by many of
our best citizens under so many diff
culties, and through years of trial and
trouble, yet prove to be prosperous