Rock Island daily Argus. (Rock Island, Ill.) 1886-1893, 1892-05-04
THE LAND Is OURS.
The Brooks Tract Secured
For Columbiana.
The TRANSACTION TODAY.
Messrs William Jackson and S. III.
Velie Hold the Deed.
HOW $l4, 900 WAS PROVIDED FOR.
An Int resting Document as Security
How the Peoples Prof. ct Was
carried Through-Molfne
Does PI oudiy - Now
for a Fresh Effort.
The TRANSACTION TODAY.
HOW $4,000 WAS PROVIDED FOR.

The 20 acres of ground situated be-
tween Rock Island and Moline is no
longer the property of the heirs of the
late William Brooks by whom it has been
he'd so long. 1t is now virtually in the
possession of the Twin. City Columbian
association, for which organization when
perfected it is held in trust by Messrs.
William Jackson, president of the Rock
Island Citizens Improvement association,
aud S. B. Velie, chairman of the twin
City Columbian committee.
The deed transferring the land passed
into the hands of Messrs. jackson and
Velie today on the expiration of the op-
ton. which those public spirited
gentlemen secured go DAYS ago
in behalf of the joint committee in charge
Of the Columbian enterprise. The first
payment of $4,000 which with the ST.
600 already held by the owners of the
estate. makes S15 900. was made in cash,
the money being secured frcm the Rock
Island Savicgs bank snd the State Saw
ings bank, of Moline, who are secured by
what are probably the strongest promi-
sorry notes that have ever been presented
to bar k in the three cities for like
amount. These notes are FOR 81 900
each, one held by each bank, and are
payable IN one year from date. The same
signatures are on both notes and glance
at the same will be convincing proof of the
eLdorstmept the representative men of
both cities are ready to give the project
amount Of money that might be desired
on the m, and Phil Mitchell stated in Mo-
line Monday night that he would be glad
to give four times the amount solicited
with them as security, if it were needed
This too, before half the names that now
appear on the face of the note were OBJ
tanned. The names of the makers of the
notes appear below:
S II Velie Morris Fosenield
ii Guyer William jackson
W Moore L McCabe
Phil Mitchell Robinson
F II Moseufel'er L simsn
John Crubaugh w Potter
II Ainsw orth Monroe Kohn
NJ Gould Louis Rosenstein
Ben c kea or = S Davis
George W Walker Carse s. ohlweiler
Elmer Morgan is LeSs
W Bennett b Cornwall
Z II SIeight Gustaf Swensson
W Ullmann j W Atkinson
G II SOhrbeck Oscar Peal
q
Messrs Velie and Jacksonsre secured by
a declaration of trus., and they execute the
purchase money by means of a mortgage
amounting TO $37. COO. bearing interest
at six per cent, due in three annual in
stallments. This makes the total of
$50, 900 CURED for the land.
In looking over these names the highly
gratifying fact will appear that Moline
has done is share abundantly, and now
that the men of wealth and influence in
that city have thus evinced their conf
dence in the undt rtsking in the strong
est way possible. there is no doubt that
the masses of the people in that city will
do their part, as THE ARGUS has felt as
sured from the first they would do even
tuslly. And now that it only remains to
complete the organization by raising the
ca pital stock stipulated in the articles of
| incorporation, to secure the title of the
land which Messrs Jackson and Velie hold
for that purpose expressly, there IS no
possibility of doubt the solicitors will re-
double their forts and that the remainder
of the stock will be forthcoming Rock
Island has $35. 900 in actual bona fide
subscriptions formally entered upon the
books of the general officers of the So
Letting committee, while there are out.
standing lists with 81, 1000 o. SO. 900 upon
them. That this city will go in and raise
the remainder of its proportion it is hard
ly necessary to say.
In Moline the enthusiasm Is re-awak,
ened. The people are taking hold of the
Columbian with a vigor not characteristic
Of their first efforts, and which will prove
forcible population of the report that
has been circulated that Moline is not in
it. Moline in truth cannot 60 back on
the enterprise now without evincing
lack of confidence in its representative
citizens who have assumed this obliga-
ton for their benefit. The same may be
said of Rock Island. The public spirited
people of both cities have done their duty.
Let the people, whose project it is, do
the rest.