Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1879-12-15

hGNrO0d COMPANY, W2th q capital OF
$6,O0O,0OO-The Men Engaged Il. the
Ne,v Enterprise, Which FiH be Backed
By the Old St. Paul Company.
(sioux City Journal
j. 81. Swan, of this city, the attorney of the
St. Paul road, yesterday told Journal reporter
that the railroad building over the river is to
be pushed by a company,,of St. Paul capital
lists, who will incorporate themselves under the
name of the Sioux City & Nebraska railroad
company. The incorporators, as shown by the
preliminary draft of the paper which
will be fled with the secretary of
State of Nebraska are: L. F. Drake Horace
Thompson, A. 81. Wilder G. 81. Biglow Henry
81. Sibley, John 8. Prince, John l.. Merriam, j.
w. Bishop, Geo. A. Hamilton and James Fl.
Drake. These gentlemen are all connected
with the present St. Paul & Sioux City road,
which company will back the new corporation,
and operate its lines when built. The capital
stock of the Sioux City & Nebraska company
is fixed at $6, 100000
The object of the company as set forth is
frs, the building or purchasing of line from
a point on the Missouri river in Dakota county,
Sioux s" ol RyoS''t througS the oou neGw
Of Dakota. Blackbird, Guming '' Burt'
Washington and Douglas to the city of Omaha;
second, beginning at the same starting point,
and running through the counties of Dakota,
Dixon, Wayne, Stanton, Madison and Platte
to the city of Columbus; third, beginning at
the same point on the Missouri and running
northwest and through the counties of Dako-
ia, Dixon, Cedar, Knox. Holt and on to the
west line of the State:
This in brief Is the outline Of the plan of
the Sioux City d Nebraska railroad company
as stated in the articles of incorporation
Other clauses Hrelate to such variations IF line
as may be necessary, to the purchase of lines
now built, the building of telegraph lines, the
owning and operating of transfer boats on the
Missouri, and the building of bridge across
that river. The two lines now built on
the Nebraska side, the Coving-
ton, Columbus & Black Hills road and the
Omaha & Northern Nebraska, will formally
pass into the possession of the new company as
soon as it is legally competent to own property
in Nebraska. The former road is now nomin-
ally the property Of e.. F. Drake, president
of the st. Paul road, aud member of the
new company. The second is simply con-
trolled by members of the new company who
have bought up the stock. The st. Paul COM
pany will back the new Sioux City & Ne
braska company to whatever extent is neces-
sary The arrangement which the st. Paul
company made some time ago for the issuing
Of bonds at the rate of $40, 900 on each mile Of
road, will extend to the new company, and the
public may be assured that there will be no
In regard to these three lines Mr.. Swan said
nothing had been definitely determined except
that the line from point opposite this city to
connection with the Omaha Il Northern
Nebraska would be built as early as possible
next season. The company would have the
ground looked over this month and then de-
oide which of the routes suggested would be
chosen. The most direct was up the Omaha
creek and down the Logan Valley to Oakland.
1t was reported that some heavy work would
be required by this route on the divide between
the Omaha and the Logan valleys. Another
route would also be looked over following the
roadbed already graded from near Jackson to
Middle creek, down tbs valley of that creek to
the Logan, ana down that to Oakland. This
route would not be as direct to Omaha as the
first mentioned, but the line as far as Middle
creek would be the same as the line to Column
bus. ---~.
The building of the other lines, viz the
Columbus line and the line west from Ponca,
would depend on the aid offered by the coun-
ties traversed. The country on the lines was
new, and the roads proposed could not at first
be expected to pay, and the company thought
it was but right that the counties to be bene-
hted should share the expense of building the
roads. If Cedar county as whole would vote
aid the road would be built through that coun-
ty next year, and if Wayne county would assist
as she should the Columbus line would be
built to the centre of thtt county before
another winter. -1, 75-5i.