Press and daily Dakotaian. (Yankton, Dakota Territory [S.D.]) 1880-1889, 1888-01-21
OMAHA TO YAnKroK.
The New Company Organized to Build q
Railroad Line Across Nebraska Into

The New Company Organized to Build q
Railroad Line Across Nebraska Into
Dakota.
Omaha Republican,: The Omaha,
Yankton & Northwestern railroad com.
pauy filed articles Of incorporation with
the county clerk yesterday afternoon.
AS stated, the object of the company II
to locate, construct, equip, maintain and
operate railway with single and double
tracks from Omaha, IN northwesserlv
direction through the counties OF Donv-
las Washington, Dodge, Cunning Stan
ton, E;sG;son, Fisso5, Wayne, Knox And
Cedar to point near the dividing line
of said Knox and Cedar counties and on
the south bank OF the Missouri river.
thence northerly to some point in Dakota
as may hereafter be determined.
The capital stock OF tho COMPANY
necessary to construct sucb road shail
be $3,000,000, which shall be divided
into shares OF $i00 each, and NAV be
increased.
The highest Indebtedness OF the COM.
pany shall not at any time exceed two.
thirds of the capital stock.
Incorporators are A. a. Egbert, Ma
than Shelton, O T. Taylor. j. G. Oraw..
ford, Morris Morrison. D. u. Patterson. !.
William Gilbaon, Andrews Rosewater,
James 81. Bullard. Z
vi the incorporatorB Egbert was
formerly superintendent OF the Union
Paclfic railway, Shelton, is capitalist.
Taylor ls prominent in insurance circles.
Morrison 10 o real estate dealer and a
member OF the local school board. Grave
ford is legal light Of West Point Rose
water was formerly city engineer, Clio
son Is real estate broker. Patterson.
beside his real estate interests here is
vice president OF the First national bank
of Wayne and Ballard is weli-kDoyn
physician and former railroad manager.
One OF tho inoorporators was seen by
a reporter for the Republioan lest night
and in anwer to query as to when work
would be begun, he said: n,
"Mr. Andrew Rosewater, who has been
selected as chief engineer, will have a
surveying corps on the road Just as soon
% the weather will permit Of continued
work."
"Omsha will be well interested in the
new enterprise, suppose?" z,
1t will be practically an Omaha road
With the exception OF Judge Crawford !,
who comes from West Point, the moor
porators are all Omaha men. The route
is through grand agricultural district
which the Northwestern ia now sappine q
in the interest of Obicsso. It must be
understood by the people of Omaha that
to exist we must have their fnancisl
support. We shall buck directly against
the Northwestern. which will bring all
its influence to bear to down uG. We
will give this city great district for
m srcantile distribution and agricultural
selection, and want her assistance. We
shall not connect With any road the
present policy OF which is to carry
freight around Omaha to ether and M ore
favored points"
What arrangements have yen made
for terminal facilities here.
nWe will probably build within few
miles OF the city, and enter over some
other line. The belt line hes offered us
terminal facilities on Q tonnage basis
and whom il 10 understood that we can
not secure right OF way into the city
for less than 81 100000. I think the
proposition will be accepted. That basi.
would be much Loss than any other on
which we could figure"
Glow about northern connections ?"
"Both the Manitoba and the Northern
Pacific are anxious TO secure connections
| with our road. Neither OF these could IL
any way draw traffic from the territory
OF Omaha to other points, while We
could and would secure large share oi
st. Paul business. However, our line
will under NO circumstances will be
given into the control Of smother sys-
teM.
"What success are Jon meeting viii
in requests for subsidies2''
"All the counties through which ths
road will pass ars anxious to do all IL
their power in furtherance OF the scheme
Yon may take Wayne county for basil
for figuring what would be expected from
the others. They, have about agreed {.
give $109,9p bonds and &c snbscribi
$40. .00e OF stock in the road. We civ,
them o director and the terms OF III,
deal are sec, 600 bonds to be aeliyeret
after the road fS completed to certain
point to be mutually agreed upon, SAC, }.
GOO when o connecting road is built west
ward from West Point into Madise,
county. This will make Vest Point /
Junction and probably oae OF the n,os
important stations on tho rouks."
| "Wil fhe line be ultimately extendss
northward2"
\ sOestainly. The chsrtsr provides TO