Rensselaer Union, Volume 2, Number 40, Rensselaer, Jasper County, 30 June 1870 — Our Railroad. [ARTICLE]

Our Railroad.

From present appearances the men engaged in the enterprise of building a great through reeto, of whioh tbs Fort Wayno & Pacific railroad forms the Indiana link, are hi solid earnest about the matter, It will be remembered that the local companies organized in the four States of Ohio, Indiana, Illinois and lowa held a meeting at Cedar Rapids a short time since for the pnrposo of consolidation. We have it from a reliable source that the object ot the meeting was fully accomplished. The consolidated line is called the North American Railroad, and the President of the company is Judge Greene, flic financial agent of the Central Construction compatiy, who proposes to to build the road. Thia construction company was well represented at th?t meeting anJ all said they must commence work on the road in July. In order that they may do this it will bo necessary to raise the local aid as agreed upon in the contract Judge Greene writes from New York a letter (which we have seen) under date of the 10th instant, in which he says “It is of the utmost importance that the local aid be worked up promptly, so ms* may have part of the road running this fall.” A of the consolidated company is to be hold in Fort Wayno the 13th of July, and it is of the utmost importance to us and the Indiana division that our quota of aid be closed up by that time, and every exertion possible is being now made along the entire line except in Newton county. We are happy to add that so lur these exertions meet with flattering success. Three or four days since we saw a letter from the executive board in Whitley county asking for two hundred more blank subscription notes as the supply furnished them was nearly exhausted and a great interest was then being manifested in the enterprise. The amount now raised in Jasper county has already reached the sum of 175,000, lmt it is necessary for us to do a little more than this. Wcrnust go $25,000 better. This is made necessary by the adverse result of the elections ordered in the adjoining counties of Newton and Pulaski. One hundred thousand dollars is a very large sum for so sparsely settled a county as Jasper to raise, but the investment will pay. The advantages to be gained with a railroad traversing the center of the county can scarcely bo overestimated. Emigration will be directed to our choice uncultivated lands.— Capital will seek to develop our natural resources. A market will be made for everything we have to sell, ahd “times” will be better every way. Then let there be no hesitation on the part of individuals to assist according to their financial ability in the completion of this enterprise. Let there be no hesitation on the part of any one to do his full share. If the project is not completed there is nothing lost by us, because nothing can be collected; while if the road is built wo arc repaid' a hundred fold for the outlay and trouble. Messrs. Stackhouse and Boroughs will devote them entire time to soliciting subscriptions during the next ten days. In Illinois they write confidently that every dollar of their subscription quota will be raised by the 10th of July, and we do not believe they are any more enterprising or wide awake to their interests than the people of our county have shown themselves to be.

[From the llonticello Herald.]