Northern tribune. [volume] (Cheboygan, Mich.) 1875-1885, 1879-08-30
NORTHERN TRIBUNE.
SATURDAY, AUGUST 30. 1879.
MARQUETTE AND MACkINAC RAIL.
ROAD.


MARQUETTE AND MACkINAC RAIL.
ROAD.
The prospects for the building of this
raOd are more encouraging. The re-
suit of the announcement of the Board
of Control that the contract of the Mar
Quette and Mackinac and Sault Ste.
company, of which the great blower, DR..
Lamar, was chief fugler, would be de-
clared forfeited, was the organization OF
company of some of the leading capt.
talists of Detroit for the purpose of
building the road. The articles of in
corporation were filed i'm the Office of the
secretary Of state Wednesday of last
week, under the name of the Detroit,
Mackinac & Marquette railway COM
pany, with capital stock of $1,2OO,COO,
divided into 1900 shares, of which 1,19O
shares have been subscribed by seven of
the solid men of Detroit, namely, James
Mcmillan, John S. Newberry, Francis
Palms, Waldo M. Johnson, George Hen
drie, E. w. Meddaugh, W. K. Muir, and
VIM. B. Moran. = Mr.. Mcmillan has been
chosen president, and George Hendrie
secretary and treasurer.
Their names are sufficient guaran-
tee that the company means business,
for among them are several men who
could, did they desire, build the road
alone. These parties were to have been
on hand last Wednesday at the meeting
of the Board of Control to secure the con-
tract but at this writing the result is
not known, but we have no doubt, if
their proposal was of such a nature as
to justify the board in closing con-
troct with them, that they secured the
same.
Dr.. Laman's new project, given in an
interview with Post and Tribune re-
porter, which we published last week,
had no bottom to it. Mr.. Ball, of Mar
quette, attorney for the company of
which Mr.. Wetmore is President, was
sent to New York to investigate the
foundation for DR.. Laman's san
guine hopes, but was unable to
find the parties who were ready
to supply the one thing needful and re-
turned Disguised and we have no doubt
that this will end DR.. Laman's
railroad building so far as the Marquette
and Mackinac road is concerned. The
Post and Tribune of Friday of last week
in an editorial says as follows:
The action of the coming meeting of
the state board of control will be await
ed with much eagerness in both penin-
sutas of Michigan. There does not now
seem to be any good reason why the re-
suit of its proceedings should not be the
placing on its feet of the important
Marquette and Mackinac railway pro-
ject. If the board adhereS to its rational
programme, as laid down at its last
meeting, and insists ON placing this val
liable franchise in hands of the requisite
pecuniary and other responsibility, the
present indications are that work will
be promptly commenced upon it and Wig
OrOusly pushed. Whatever may follow,
there can be no question of the justice OF
the boards determination to bring the
whole matter promptly to focus.
1t is scarcely necessary to say anything
of the valuable character of the land
grant. The development of Chippewa
county and the exemption from taxation
make it certain that a handsome profit
will attend the construction of the road
if enough capital is advanced to make
it unnecessary to sacrifice the lands be
fore the market is ready for them. The
construction of the road will rapidly
promote that settlement of the upper
peninsula which has in Chippewa revO-
lutiOnized the old theories of the re-
sources Of that region. And it will cOn-
meet the lower peninsula markets imme-
diately with the rich mining districts of
Marquette and Keweenaw point, ulti-
mately with the great railway system of
the New Northwest.
The road is of much importance to De-
trOit, of the utmost Importance to all
parts of the state. IM4 1.|H.H