Daily press and Dakotaian. [volume] (Yankton, Dakota Territory [S.D.]) 1875-1880, 1880-04-10
NEBRASKA RAILROADS,
The Money Raised for III. Extension q
the st. Paul L Sioux City.
Sioux City journal. 9th.


The st. Paul and Sioux City railroad
COMPANY, through E. F. Drake, president,
has arranged With the Central Trust COM
Dsuy If New York for q mortgage of g.,
100000 on Its neV lines acquired. or pro.
jected. since the mortgage Of $7,000.O0O
was placed BY the Trust comosny on the
bonds ore TO be issued not to exceed SO, 600
to the mile on the following lines Of road /:
Saltwater cut of, from Saltwater to 81.
Croix lake. five miles; Sioux Falls line,
from Sioux Fslle, northwesterIy, thirty
eight miles; Niobrara branch. from q poin,
On the Missouri river opposite Sioux City,
westwsrdly through the counties Of Dakn.
IA, Dixon. Cedar aud Knox, eighty-two
miles, of which the twenty.six miles to
Ponca are o built; Omaha line from q
point on the Niobrara branch ten miles
vest of Sioux City, eouthwardly, via Oak
land, through the counties Of Dakota,
Dixon. Black bird. Cummings. Burt. Wash.
ingtou aud Douglas to Omaha, one hundred
sod fifteen miles. Of which the sixty. four
miles between Omaha and Oakland are
built.
The mortgage overs the present and
proposed tracks. round houses, depots, roll
ing stock, franchises, and 10 fact ever ythine
pertaining to the roads. The interest is 6
per cent. per nnu 10 gold of the present
weight and flneness. All these points ap-
pear from the indenture which Recorder
Follis is now spreading On something over
a dozen pages of the county records.
1t will be noticed BY this synopsis that
no provision is made for funds to build the
line to Norfolk. n of the lines intended BY
the company organized under the name of
the Sioux City and Nebraska. It is not 10
be inferred from this that the line between
Norfolk and this city is not to be built, but
rather that an understanding has been
reached with the Union Pacific BY which
that company will extend the branch now
built and operated from the main line near
Columbus to Norfolk, on to a connection
with the Omaha line somewhere in Dakota
county. 1t is very evident that the present
survey on the old Columbus line as far as
Middle creek would not be made if the
Norf'lk line was not to be built.
This mortgage is not understood to mean
that the Niobrara branch will all be built
this year, or built at all without aid from
Cedar county. 1t simply means that the
funds TO build the roads have been provided.
The situation in Cedar county ia clearing up.
j.. II. Swan, the attorney of the St. Paul road,
who returned from that county yesterday,
reports that a special election to vote on tie
question of aid in six of the precincts has
been called BY the county commissioners for
May 18th. In precinct No. six the required
petition has not been aent in go that an
election could be called in that precinct also,
but this. it is expected. will be remedied
hereafter. The company is only awaiting
favorable action BY the seven precincts to
begin work, but will not begin without this
favorable action. The three river precincts
10 Cedar county, being remote from the line
of the proposed road, will moi be asked to
vote aid to the Niobrara branch.
A gentleman Who arrived in the city yes
terdav direct from Norfolk reports the zen.
timent in Madison county strong in favor Of
aid to the line to this city. They correctly
suppose that mch 4 line would bring cheap
er lumber, . better market for their grain,
and . lower freight and passenger tariff BE-.
tween their county and the world At large.