Mower County transcript. [volume] (Lansing, Minn.) 1868-1915, 1883-04-04
Not Enough Bonds Voted-Will the Def
cheney be Made Up.

Not Enough Bonds Voted-Will the Def
cheney be Made Up.
st. Cloud Times, Marcl. 20.
AS will be recollected, New York
Construction Company made contract
last fall with the St. Cloud, Mankato &
Austin Railroad Company, by which it
bound itself to complete this road from
St. Cloud to the Iowa line, provided a
bonus equal to 1000 per mile was given,
which would amount to 100000. The
officers of the St. c., NJ. & A. submitted
the proposition to the cities. towns and
villages along the route, and as result
$163, 500 ill bonds have been voted.
There is still deficiency of $26, 500 in the
amount asked for, and the directors have
apportioned this sum among the localities
interested, and have left it with them to
say whether the contract for the building
of the road should fall through or not.
Several of the towns will vote upon pro-
positions to increase the amount of bonus.
The failure to secure the entire sum as
expected is due to the fact that in some
towns the proposition to vote bonuses
was defeated, leaving the others to
make it good, or placing the construction
company in position where they can
withdraw from their contract Whether
they would do so, because of this defici-
ency of $26, 500 is a problem which one
person can answer as we'll as another.
Certainly it would be a matter of per-
petual regret to every locality on the line,
should we fail to get the road on account
of the trif1ing sum they are asked to
make up.
WHAT MANKATO IS DOING.
A meeting of citizens was called in
City Hall last evening to again hear the
question of aiding the Mankato, Austin
s St. Cloud railroad dlscussed-this
time from the lips Of Senator Campbell,
of Litchfcld, who is a member Of the
Board of Directors, and gentleman
thoroughly conversant with all the ms
and outs of the project. He gave an
hours interesting talk, and showed the
case up plainly The people along the
line of road for 1870 miles are asked to give
81 900 per mile while in return the con-
struction company will have to eXpend an
average of $15, 900 and the operating COM
pany like amount for equipments, max
ing total of $50, 900 per mile or nearly
sc, 1000, 600 for the entire hundred and
ninety miles. The bonuses asked will
scarcely pay for right-ofway, and still, in
face Of the fact that thirty times the
amount asked for will be expended with
in eighteen months in the very towns
that are solicited to come to the rescue,
there seems to be hesitancy on the part
of some people. The speaker dwell upon
the benefits that would accrue to the
farmer and business man through the adj
to the sea- board, which would open to us
competing markets that we do not now
enjoy. Mr.. Page, of Austin, was pre-
sent, but owing to severe cold, made
only few remarks. S. F. Barney was
called out and nre0 the hearts OF his hear
ers with his accustomed enthusiasm.
Several gentlemen presen: signed the
bond pledging the $4,000, and tho meet
ing adjourned.-FreeP Press, Wnrch 30.
A meeting of leading citizens of Man
kato, held last week, adopted the follow
ing resolutions:
Resoloed, That it is the sense of this meet
ing that an indemnity bond to the St.
Cloud, Mankato, and Austin Railroad
Company, guaranteeing that the city of
Mankato will issue $1,000 of its bonds to
that company as soon as it may. legally
be done, be Immediately drawn and
signed by 500 of our citizens.