The Norfolk weekly news-journal., 1906-12-14
WILL ASK COUNTY BONDS
YANkToN.GULF ROAD WANTS $685..
900 BONUS IN MADISON.
FREMONT HILL HAS RETURNED
Prepared TO Begin an Active Cam.
paign Toward Holding a Bond Elec.
ton In This County, Railroad Man
Is In Norfolk-Benefts offered.


Is In Norfolk-Benefits offered.
Madison county will be asked to
vote $4,000 bonds for the Yankton &
Southwestern Railway company, as n
bonus in consideration of the construc-
ton of line from Yankton S. D., to
Galveston on the Gulf of Mexico,
through this section. Fremont Hill Of
New York, representing the proposed
line. has returned to Norfolk and is
now preparing to ask such a bonus in
bonds at the hands of this county
During the morning Mr.. Hill visited
business men and officials and he said
after noon to The News:
81 find that $4,000 bonds would be
the limit allowed by law for this coun-
ty. This will be asked for as bonus.
We will first need to get fifty free
holders to sign a petition asking the
county commissioners to call spe-
cial bond election. This call must be
published for thirty days before the
bond election would be held.
How 1t viii Benefit County.
"How will your railroad benefit this
county," was asked.
"By giving you a lower grain rate
to Liverpool than is now possible"
was his reply Then he explained.
AT the present time grain from
Norfolk to New York travels practical
ly 1900 miles The rate is 20 cents
per bushel The rate to Chicago Is
1917 cents and from Chicago to New
York is tx. The distance from Chi
cago to New York is practically 1000
miles--the same as the distance from
here to the Gulf.
1.-THE distance from Yankton to the
Gulf is less than 1000 miles. II grain
can be hauled from Chicago to New
York, 1000 miles, for tx cents, 1t Is
logical to say that grain can be hauled
from Norfolk to the Gulf, less than
1000 miles, for tx cents This would
save 1917 cents per bushel over the
present rate from here to the sea-
| board.
To Create Market Here.
ITO give the farmers of this section
a grain rate to the seaboard cheaper
than that which they are now paying,
will create a market here and will ben
eft the producers of grain by laying
down their products in Liverpool at
less cost than they are now paying,
therefore bringing them higher profits
Even If we were unable to cut the
rate the full 1919 cents. and supposing
we only cut it half of that, or cents
per bushel, we will be doing a great
thing for this section.
South Dakota, Nebraska and Kan
sas are the great grain producing
states of the middle west. To run a
railroad down through these states
which will give a cheaper route tC
seaboard, will make the grain all flow
in this direction and create market
for you. This road must compete with
other lines, now hauling your grain
because it cuts off one third the dis
lance to seaboard.
Straight Line, Down Grade.
Our road will be built over prai
RE country all the way, right dowr
grade to the Gulf and therefore the
cost of construction will make a small
er investment necessary than with the
lines running across mountains into
New York from here.
Being down grade, the cost of haul
ing the grain will be less than where
it hoisted up over mountains
Being one continuous route, belong
ing to one company, the condition will
be more favorable to shippers thar
where the route is covered by severa
lines of railroad over a distance once
and half as great.
with less investment and less op
Grating expense, we will be able, it il
clear, to make less rate by far thai
is now in effect to the ocean"
To Be Finished by July, 1910.
Mr.. Hill says that he sets July, 1910
as the date for completion. He say
that the first year the new road will
, have more business than it can tax
care of. The bonds asked for woul
not become payable to the railroad III
til the road was completed and train
:. running,
When Mr.. Hill was here a fey
. weeks ago he asked notes amountin
= to 100000 from private citizens as
- bonus. He said at that time that tn
> company did not want bonds. Aske
>, as to why the plans had been changed
. he said: 81 have found out since
was here that Nebraska county bond
:, are all right and that they can be oil
- tanned after we have earned thel
: without trouble in the courts
South Dakota an injunction can tie Il
the payment of bonds for years S
e that we would have to earn thel
> twice. In that state we will only a
=. cept private notes, but we will TAX
$ bonds here"
r. He said that at Yankton a publ
:. meeting of business men was held an
S the question put as to whether an e
d fort should be made to raise the fund