Press and daily Dakotaian. (Yankton, Dakota Territory [S.D.]) 1880-1889, 1889-02-06
SOMEWHAT UNCERTAIN.
A Few Particulars Concerning tn
Alleged Pacific Short Line.

SNoEhth'Hs
A Few Particulars Concerning the
Alleged Pacific short Line.
Sioux City Journal, 5!b: Notices were
sent out on Saturday that meeting OF
subscribers of the Pacific Short Line
would be held at the parlois of the
Hotel Booge at l:20 yesterday afternoon.
But when that hour arrived there were
only four subscribers present, and il
was about O'Clock before citlz 9ns be-
gan passing up the elevator to the
pariors. All were anxious to hesg the
report of John Peirce, and it was with
q silence born of deep anxiety that that
gentleman was listened to.
In brief his report was that the collec-
ton of the first 25 per cent. OF the
amount OF 100000 would secure the be-
ginning of operations ct this end OF the
line at once. A committee from the
New York directory will be here the
latter part of the week, when the sum OF
100000 is wanted to bunch with the
sam of $l50.000 which they will bring
With them. With the sum OF $3.50 900
the preliminsries will go forward--right.
of way be purchased and the plans for
SAooAbe SkStb oSS
Many inquiries were made of Mr..
Peirce concerning the financial methods
of the builders of the line. He returned
satisfactory answers to them all, and in
connection with the ability of the New
York parties to carry the work forward
letters were received from Mr.. Jaudt,
yestigated the standing of ell the d.
thau ,f
means, business and honor.
Mr.. Peirce said the directors of the
road did nc. vent TO commence hnildine
now OF work on the west end and would
continue to build east es far as the
Wyoming coal fields. These immense
coal fields are now in the control OF the
Wyoming improvement company, the
organization that will build the line, and
it was their intention to build as far east
ss the mines and then If funds became
difficult to secure they would rest ct that
point for while and operate the road
| as coal line west for time. The only
way to secure building on the east end
| was now to tempt them with subsorip-
| ton to the stock OF the company amount
| ting to S400 900, To the Wyoming coal
| uSiub iEUu Cblt JHho WAS uiStHlcS Dl
about 400 miles. Ii the company could
be made to build say 200.miles west from
| Sioux City there could be no stringency
of the money market so severe but what
means could be found to join the gap oi
1876 miles.
| Means were at once discussed to secure
the necessary 25 per cent. OF the $400.
900. The subscription paper showed er
actual, footing of $685. 600 only, but She
| finger was put on promises that woulc
swell the amount to $30e,000. There wat
/ one man who had promised to give $780,
00O who had not signed the paper at all
and another firm only wanted the aasur-
aEces as to the good faith of the con
struction company to name q liberia
amount for stock. Finally 1t was decid-
ed to appoint committee, consisting oi
W. l.. joy, e. Fl. Stone, s. T. DAVIS
John Hornick and o. l.. Wright, to col
lect the required amount at once il
possible, and A. b. Garretson was select
ed as trustee OF the fund, This COM
mittee was alao empowered to look after
the safety of the Sioux City fund and tc
draw up terms OF disbursement that
| would secure the Sioux City subscribers
and compel the building OF the eastern
part of the track.
A good many OF the Subscribers sale
after the meeting that they would have
to make some very quick moves to CON-
vert lots and lands into cash to be able
to meet promptly the first assessment
Some OF them had reluctantly sub
scribed because they saw no ready casl
at hand to turn in the direction OF this
fund. They were told by the snbscrip-
tion committee that 1t was almost certslr
the FIRST payment would not be called
for before sixty or ninety days, and witt
this representation they took stock il
the PacIfc Short Line. How some O
them will be able to meet this sudder
call was midnight mystery.
| The Railway Age OF the 1st inst ha
this reference to the Pacific Short Lime
| Toledo, Ohio, Jan. 26. 18S9-To tn
editors of the Railway Age: Hayinl
noticed an article in the Age referring
to the survey Of the Pacific Short Lin
from Sioux City, Iowa, to Salt Lake, W,
would like the address of the paytie
having the matter in hand.
BIcK & CLAIM, Contractors.
The parties concerned in the Paeifi
Short Line enterprise do not seem t
} wish to be known, as they have thus fa
Jailed to respond to numerous inquire
in regard to their identity and plani
Donald Mclean, OF Sioux City, Iowa,
, understood to be president of the Wye
ming Pacific improvement compan,
which claims to have completed arrange
ments for the gigantic work Of buildip
q railway from Sioux City, Iowa, to th
| Pacific coast. The scheme has naturall
attracted the attention of contractor
supply men and others throughout th
Icountry, as is indicated by the very lars
I number OF letters received at this offic
!, asking for information. Until those wh
are back OF the scheme emerge froi
. their secluslon and give some better ev
q denee of their good faith than bas VI
o been presented they cannot expect ,
o command public confidence.