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The Wisconsin lumberman, devoted to the lumbering interests of the northwest
Volume III. Number 6 (March, 1875)

Milwaukee and Dubuque. Prospectus of the Milwaukee and Dubuque Railroad Company,   pp. 489-491 PDF (1.1 MB)


Page 490


2he Wiocscisn Lrmwbemams
Connections will also be made with a  a
road aready under contract with the coal- e
fieldsjf Illinois, which will make a mate-
rial reduction in the cost of that article in
Milwaukee, laying it down at our doors
from $3 to $4 a ton, and thussecuringthe
prosperity of Milwaukee as a manufactur- 1
mg center. With these facts and consid- 1
erations it would be a crime against the
best interests and future prosperity of
Milwaukee should this opportunity be suf-
fered to pass unimproved.
'It is confidently expected that the busi-
newt men of the city will promptly sub-
scribe the limited amount required, that
the completion of this line for the first
forty miles may at once be entered upon.
We have thus in a few words presented
a brief abstract of the condition and pros-
pects of this railroad project, trusting that
the intelligent enterprise of our citizens
will see the absolute necessity of individual
exertion, for it is absolutely certain that if
this road is to be completed, and no longer
remain a disgrace to the city as its present
unfinished condition certainly is, there
must be a general and popular subscription
to the stock, for as already indicated, this
road is to be built by the people, owned by
the people, and, of course, operated in the
interest of the people.
There are one hundred business men in
Milwaukee who can and ought to subscribe
and pay for $1,000 in stock each, one
hundred men who can without incon-
venience take $500 each, and 500 clerks,
mechanics and laboring men who could
take a single share of $100, paying the in-
staliments from their surplus earnings, and
thus make a good investment, for there is
no doubt as to the value of stock in this
road, for it must begin to make handsome
returns even when the first thirty miles
are completed, for the location of the line
is through the finest agricultural country
in Wisconsin, and with the early and late
trains which will be run ten or fifteen miles
out, at say a cent a mile fare, suburban vil-
lages must spring up along the track where
men can live while they do business in the
city, the difference in rent more than pay-
ing their season tickets.
It is contemplated to encourage local
business and encourage settlement along
the route by placing the single fares at less
than the Potter law allows, while round
trip tickets, package tickets, punch tickets,
100, 500, 1000 mile and commutation tick-
eta will be placed at the lowest figure com-
patible with fair profit on the business.
By this means settlement along the line
will be encouraged and'a local busines se,
cured that will continually increase, and'
which no rival road can take from us, for
while we place great dependence upon
through freights coming from beyond Dubu-
que and over the Peoria & Fond du Lac and
other connecting lines which are sure to be
built we propose to pursue a policy as to
local business that will merit the satisfaction
and encourage the satisfaction of the people
we shall accommodate.
We are perfectly aware of the depreciation
of railroad securities with few exceptions
throughout the country, but the dullest com-
prehension can see that here is an exceptional
case; for our road, instead of costing fiom 30.
to 65 thousand dollars a mile as most of the'
old gauge roads have, including their watered
stocks, will cost less than $10,000 over the
graded portion and only about $15,000 over-
the remainder of the distance.
That the construction of this road will be
of incalculable benefit to Milwaukee and Du-
buque, as well as every town through or near
which it passes requires no argument,
and while we do not ask the farm-
ers to  mortgage their pro rtv to raise
money to assist us in buildin this line we do-
respectfully ask them to subscribe when they
can without inconvenience, to be paid in work
or material where that 3an be done.
Our reasons for adopting the three feet
gauge  are its cheapness in building, its
diminished cost of operating and reduced ex-
pense for repairs, which diminishes the ratio
of running expenses to gross receipts, leaving
a greater margin for profits.
his, with the fact that freights of all
kinds and passengers can be carried as easily
and comfortably as on the old guage, and the -
certain prospect that this is to be but a
single link in a great chain of connecting
roads, which are to solve the question of
cheap transportation, has decided us to build
our road of the standard three feet gauge.
It will be admitted that railroads have
done more for Chicago and Milwaukee than
lake Michigan, while the railroads terminat-
ing in Dubuque have added to her prospects
more than the Mississippi river.
Remembering thit point in connection with
the certainty of connecting the Mississippi
and the lakes by a route shorter than any
other, and of connecting with the coal fields
of Illinois, the mineral region of southwest
Wisconsin, the iron ores to the north of us as
well as the pine region, and at the same time
developing a most fertile agricultural country,
it would seem that the most ordinary public
spirit of our citizens would not rest until the
work is accomplished-for we must here re-
iterate that the work, if done at all, must be
done by local effort, with local money; for
no eastern or foreign capitalists are coming
here to build this road, orindeed any western
road for years to come, or at least until we
have demonstrated the value of such roads.
490


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