The Manitowoc pilot. [volume] (Manitowoc, Wis.) 1859-1932, 1880-01-22
THE ST. PAUL EASTERN.
Special disnatch To the Sentinel

Special dispatch to the Sentinel.
MADISON, Jan. 15.-General as the in
terest is in the so-called Pound railroad
scheme, so much has been written on the
subject, and always on facts cleaned
from official sources, that it is beginning
to grow trife stale. But / obtained
information to-day that will settle the
controversy once for all. 1t is from the
articles of agreement, leaving no ques-
ton as to its reliability. They say that
the st. Paul Eastern Grand Trunk Rail-
way Company, party of the first part;
the Milwaukee, Lake Shore & Western
Railway Company, party of the second
part, and the Wisconsin & Minnesota
Railway Company, party of the third
part, are all corporations in the State of
Wisconsin. That the party of the first
part has been organized for the purpose,
among other things, of constructing a
railroad extending from Chippewa Falls
eastward through or near Wausau to q
point OF connection with the road of the
party of the second part, in township %,
range 10, III Marathon county, and have
done sundry things preliminary to the
construction of said line of road; and
said party of the second part proposes to
construct that portion of said line from
sud point of connection westerly through
Wausau to Colby JUNCTION; and said par
" of the third part proposes to construct
that portion of said line from thence to
Chippewa Falls; and, whereas, said par
t. of the first part propose to transfer
and turn over to said parties of the Sec
ond and third parts all profles, maps,
rights OF way. real estate, local aid or
contracts therefor, and all of the rights,
franchises and amenities which it has re-
lating to said line. "In consideration of
the premises and agreements of said par
ties each with the other herein contain
ed, said parties mutually agree that upon
performance of the conditions above
named they will pay to the party of the
first part such sum as may be awarded
by commission composed of Philetas
Sawyer, Jesse Spanlding and William
Wilson, not exceeding certain sum
(Which has already been named in The
SentineD. It is further stipulated that
in case of the failure of the parties of the
second and third parts to enter upon the
construction of their roads within six
months, and completed within reasona
ble time, then all rights of the party of
the first part shall revert to him. A fur
ther stipulation is to the effect that if the
party of the first part shall within three
years from this date construct line of
railroad from the poit of connection last
named near Wausau that all business
passing over the line of said party of the
first part and over the lines of the parties
of the second and third parts shall be
prorated.
This memoranda was made in New
York on the 10th of December, and sign
ed st. Paul Eastern Grand Trunk Rail-
way Company by Thad. G. Pound, pres
ident; Milwaukee, Lake Shore & West
ern Railway Company, by T. W. Rhein-
lander, president, and Wisconsin &
Minnesota Railway Company, by Edwin
4. Abbott, president.
The commissioners held meeting at
the fremont House, Chicago, on Dec.
%, and made their award and on the 9th
of January the st. Paul Eastern deliver
ed the papers referred to. l have been
thus minute in the details rs it is neces-
slry to clear understanding. Whether
Mr.. Pounds company have any idea of
building road within three years is of
no Importance; he has accomplished
what he set out to do; he scared the 9TH
er companies into constructing line
beneficial to Northern Wisconsin sooner
thar they would have, if at all, and turn |
ed o pretty penny besides. Mr.. Rhine |
lander said i'll on interview in the Ssnti- |
mel that there was no contrast, simply an |
agreement to do certain things within a |
certain time, and failing to forfeit GER
tain right, and this is more or less true. |
hut the sum of money paid over to the |
Grand Trunk leaves no room to doubt |
the construction CT the roads. They |
will be well under way year from now, |
and no mistake.