The Worthington advance. [volume] (Worthington, Minn.) 1874-1908, 1880-02-26
TWO NEW PuRcH,AsEs. i;i,IiIi
1he Chicago, Mtlscasskes e 6t. Passl Cess
1'anv Secwres Control Of Isco Isspeytsjss
E46d0rs. | :.

Ree00T9s
Chicago Tribune.
Some time ago tho Milwaukee d st. Paul
Railroad company made . proposition to
the people residing in that part Of Iowa b.
tween Cedar Rapids and Ottumva to build
. road between those points, provided local
aid to the amount of $250,0O0 was granted.
The proposition was favorably entertained
by the people, who voted aid to the amount
of 100000, OF $4,000 more: than was do
manded by the Milwaukee d St. Paul. Con-
the proposed road was inoorpo-
rated q the Cedar Rapids, Sigourney Il o.
tumwa, with Gen. ]. n. Hedrick, of Ottum.
W, 40 president. About twenty five miles
of the new line are already graded. The
Milwaukee d st. Paul, however, has shown
no disposition thus far to make arrange
ments with the directors Of tho new line.
To get the matter into some shape and to
find out what the Milwaukee d st. Paul
means to do regarding the matter, the
president and direotovs Of the Cedar Rapids
d Ottumwa company came to this ci ty yes-
terdsy, and held meeting at pallor l,
Grand Pacific hotel. There were present,
]. ri. Hedrick, of Ottumvs, president; Judge
N. n. Hubbard, Of Cedar Rapids, vice-pres-
ident; and tho following directors: Nessrs.
Upton, of Cedar Rapids; Yerger, of Sigour-
ney; and Hamilton, Blake, Carpenter, Bon
nifield, Mahon, Daggett, Leighton, and Hack
worth. None of the managers of the Mil
vaukee & st. Paul turned up at yesterdays
meeting, and consequently no action waa
taken. Another meeting will be held to-
day. The Cedar Rapids, 6igonrney d o.
tumws railroad 10 to run from Cedar Rapids
to Ottumva via Sigourney, distance
of ninety miles. through ono Of the
richest and most prosperous sections
in Iowa. The agreement with the Milwau-
kee d St. Paul is that the latter build, and
equip, and operate the new road, making it
an extension Of it's Western Union branch,
on the condition that $3.50, 900 of local aid
be raised along tho line. The amount has
been raised and guaranteed, % already stated.
The directors mean to take such action to-
day a. will insure tho commencement Of the
new road in the early spring, and its COM
pletion for operation by January l, 1881. II
the Milwaukee d st. Paul refuses to con-
struct the line as agreed, tho directors will
take independent action and the road will be
built anyway.
The annual meeting of the stockholders
of the Burlington, Cedar Rapids l. North
ern railroad will be held at Cedar Rapids,
February "a. This meeting will be of more
than ordinary interest, because it will
determine who is to have this prop
erty. As is we'll known the Chicago 4
Northwestern some months ago made an ar
rangements with the directors for the lease
of the road, but afterwards the directors re-
considered their action and leased the road
to the Rock Island, subject to the approval
of the stockholders. The Northwestern,
however, smarting under the defeat it had
suffered, did not propose to step down and
out, and consequently made efforts to secure
enough to change the majority and upset
the arrangements made with the Rock ISL
and. The latter was not idle either, and
bought up all the stock it could get to pre-.
vent the Northwestern from playing q coup
d'etat. The Burlington and the Milwaukee
d st. Paul, it is said, have also got hold of
some of the stock. It is claimed that there
have been such changes in the
ownership of the stock dur
ing the last few months that
most likely the arrangement made With the
Rock Island will be upset. Neither of the
four lines who took part in the fight, it is
said, will have sufficient strength to secure
the property, and consequently the owners
will be allowed to run the road independ-
emily for the time. The final outcome,
however. it is believed, will be cutting
up of the Burlington, Cedar Rapids &
Northern, each of the oontesting com.
panies taking slice. The Burlington 4
Quincy will probably get tho southern end
from Burlington to Columbus Junction,
which will enable it to keep competitors
out of Burlington. The Rock Island is to
take the portion between Columbus Junction
and Cedar Rapids, With the Muscatine d
Pacific division, and the Northwestern is to
have the northern end from Cedar Rapids
to Albert Lea, and the Milwaukee d St.
Paul is to get away with the Milwaukee
division, which would extend the Prairie do
Chen line direct to Cedar Raplds