The weekly democratic statesman. [volume] (Austin, Tex.) 1871-1883, 1881-08-18
rHE AusrrN ANp NoKrHwEsrrRN.

BY reference to the report of the
adjourned railway meeting, held in
this city yesterday, it will be seen
that the managers of the Austin and
Northw estern railway have perfec-
ted all arrangements for the rapid
completion of this road. The iron
for building fifty miles of the road
has been contracted for, and four en-
gines and seventy-five freight cars
have been ordered, and much of the
rOlling stock will be ready for de-
livery by the 18th of the present
month. The contractors contem-
plate the completion of fifty miles
of the road in two months, aud 1t is
stated that the work will proceed
even beyond the fifty mile point
with rapid strides. So far every
thing is as lovely as one would wish,
but it is said the fifty thousand dol
lars demanded from the people of
this city is not yet in its entirety
down upon the subscription books,
and Mr.. Rohmberg the president of
the company claims that it was
stipulated this sum should be taken
in stock by the people of Austin be-
fore the work commences. Before
the contracts were closed in New
York a telegram was sent to the
vice president of the company here,
asking if the fifty thousand dollars
had been subscribed, and upon the
reply being sent that it was not all
subscribed, but that it would be in a
very few days, contracts were en-
tered into. The meeting was ad-
jOurned till to-day, that the full
amount of stock may be made up as
agreed upon. That it will be no one
can doubt, and that it was not al
ready subscribed seems an oversight
on the part of the officers of the
company representing this end
of the concern. Not a day more
should pass before the whole
matter shall be closed, that the
arrangements entered into may
proceed. kilograms have been re-
ceived from contractors for iron and
stock, offering fifteen thousand dol
lars to be released from these con-
tracts, showing plainly that the gen.
tlemen in charge have made most
advantageous rates with manufac-
turers. Austin has had no such
bonanza as this enterprise, and
when the meeting is held to-day,
and the money all subscribed to-
wards a most advantageous end,
Austin will have drifted into boom
that will know no end. To show
The advantage this railway would be
to Austin, it was further stated, yes
terday, by the president of the COM
pay, that the International railway
company offers to donate the line of
railway from Round Rock to
Georgetown, with all its rolling
stock, if the company will not run
further south than the former
place, and there make connec-
ton with the International. The
International railway is therefore
willing to pay $4,000 to keep this
road out of Austin, and the contrac-
tors for iron and rolling stock are
ready to pay $4,000 to be released
from contracts. Ifit is worth $4,000
to stop this enterprise what will
it not be worth to these people to
prosecute. It'll Surely it is a bonanza,
such one as is worth holding, and
this is why the necessary stock will
be taken to-day. Teams and the force
are already here to begin the work
ofgrading, and in two months Austin
will not only have fifty miles of this
road built, but the great university
of Texas will have been located
here. The meeting to-day should
be large and enthusiastic one, and
there should be solemn resolve
among our people, hereafter, to go
zealously to work in all that may
advance the interests of their lovely
LITTLE citv