USA > Missouri > Howard County > History of Howard and Chariton Counties, Missouri : written and compiled from the most official authentic and private sources, including a history of its townships, towns, and villages, together with a condensed history of Missouri > Part 51
USA > Missouri > Chariton County > History of Howard and Chariton Counties, Missouri : written and compiled from the most official authentic and private sources, including a history of its townships, towns, and villages, together with a condensed history of Missouri > Part 51
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THE SALISBURY AND BRUNSWICK BRANCH.
What is now known as the Salisbury and Glasgow Branch Road was built under the charter of the old Missouri and Mississippi Railroad which was granted by the Legislature as early as 1848. This road was to run from Keokuk, lowa, to Glasgow, Missouri. The road was not commenced, however, until 1873. Becoming in- volved in financial trouble on account of the panic, it was sold out under foreclosure of mortgage and became the property of the Keokuk and Kansas City Railroad Company. That company in turn sold it to the Salisbury and Glasgow Company, and in 1876 it was again sold, this time becoming a part of the Kansas City and Northern, an out- line of the history of which appears further along.
COUNTY SUBSCRIPTIONS TO THE CHILLICOTHE AND BRUNSWICK AND THIE SALISBURY AND GLASGOW RAILROAD COMPANIES.
To the Chillicothe and Brunswick and the Salisbury and Glasgow
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572
INSTORY OF HOWARD AND CHARITON COUNTIES.
( formerly the Mississippi and Missouri Railroad Company ) the county voted $200,000 or 100,000 to each company. The following are the orders of the county court relating to the subscription of the stock so taken : --
COUNTY COURT OF CHARITON COUNTY, MISSOURI, October 18, 1867. Cort met pursuant to adjourminent : officers present same as yesterday.
Order Book A, Page 681 .- On motion of S. E. Taylor, it is ordered that an election be held in the several election distriets of said county, ou the 28th day of November, 1867, for the purpose of submitting to a vote of the resident tax-payer-, WITHOUT REGARD TO RACE, SEX OR COLOR, of said county, a proposition authorizing the county court of said county to subscribe one hundred thousand dollars stock in the Brunswick and Chillicothe Railroad Corporation, and one hundred thousand dollars in the Mississippi and Missouri Railroad Company, each of said roads to run through Chariton county. Said propositons to be jointly voted upon, and stock taken as soon as an affirmative vote is given by a majority of the tax-payers of said county.
Bonds to be issned as soon as the said railroad companies shall furnish satisfac- tory guarantee that the said roads will be built.
A true copy of said order.
COUNTY COURT OF CHARITON COUNTY, MISSOCHI, November 6, 1867. Court met pursuant to adjournment ; officers present same as yesterday.
Order Book A, Pyje 707. - Ordered by the court that the time for holding an election for the purpose of authorizing the county court to take stock in certain railroads mentioned in previous orders, calling an election on the 28th day of November, 1867, be and it is hereby extended one week, or until the 5th day of De- cember, 1867.
A true copy of said order.
The election was held in pursuance of the order of the court, and as soon as the official returns were filed in the office of the county elerk, the following proceedings were had : -
COUNTY COURT OF CHARITON COUNTY, MISSOURI, December 9, Is67.
The county court met pursuant to adjournment; officers: John F. Cunninghamn, Presiding justice : George Young and Heury F. Grotjan, associate justices; George Kenchler, sheriff; E. A. Holcomb, clerk.
Order Book A, pages 706 and 707 .- Ordered by the court that one hundred thou- sand dollars be and is hereby subscribed to the capital stock of the Chillicothe and Brunswick Railroad Company in bonds of said county, at par, and subject to the fol- lowing conditions : -
Ist. The said Chillicothe and Brunswick Railroad Company shall locate and con- struct their road beginning in the City of Brunswick and continuing on the eastern side of Grand river to the City of Chillicothe, there connecting with the Chillicothe and Omaha road.
2d. That when the president of said Chillicothe and Brunswick Railroad Company shall present to the county court of Charitou county, or its authorized representa- tives, certificates of paid-up stock in said Chillicothe and Brunswick Railroad, duly signed and attested, to the amount of one hundred thousand dollars; then the said
:
573
HISTORY OF HOWARD AND CHARITON COUNTIES.
county court shall deliver to the directory of the North Missouri Railroad Company, or their representatives duly authorized in writing, bouds of the county of Charitou to the amonut of one hundred thousand dollars, in full payment for said stocks.
Said bouds shall bear interest at the rate of eight per cent per annum, the interest commencing with the date of sale; or when hypothecated for not less than half their value, and with coupons of interest attached. Both principal and interest being made payable at the Merchants' National Bank of Missouri, in the City of St. Louis, Missouri. The said bouds shall be of the denomination of $100 each, to the amount of (825,000) twenty-five thousand dollars; and of 8500 each to the amount of (825,000) twenty- five thousand dollars, and of $1,000 each to the amount of fifty thousand dollars. They shall be held oy the directory of the North Missouri Railroad Company, in trust, to be applied to the construction of the Chillicothe and Brunswick Railroad Company, and for no other purpose. The said bonds shall be made payable as fol- lows: Those of the denomination of one hundred dollars in eight years after date: those of the denomination of five hundred dollars in nine years after date; and those of the denomination one thousand dollars in ten years after date, and both bonds and conpons shall be receivable at maturity for all county dues.
It is further ordered that a special tax of sufficient amount shall be levied, to pro- vide for the interest on these bonds, to provide for the payment of the principal. Five years after the date of issue of the bonds, a sufficient sum shall be assessed on the taxable property of the county, ro amount to one-fifth of the said sum of one hundred thousand dollars, and the amount so raised shall be applied to the purchase, at market price, and cancellation of said bonds, or held as a sinking fund to redeem them at maturity, a , may seem best to the county court. The court shall appoint a commissioner to cast the vote of the county at the annual election of officers of the railroad company, and to receive dividends arising from the protits of the road.
Conditioned further, that within ninety days from the sale or hypothecation of said bonds, that the said Chillicothe and Brunswick Railroad shall commence work in the City of Brunswick, in connection with the North Missouri Railroad, and shall push the road to completion to Chillicothe, and shall put iron on the grade as soon as cach ten miles are ready for it; and that the whole shall be completed within twenty-four months from the sale or hypothecation of the bonds, and that before sale or hypothe- cation the said bonds shall be advertised in two newspapers in New York City, Demo- crat and Republicun, in St. Louis; Union, in Keytesville, and Brunswicker, in Bruns- wick, and copies be sent to the court.
A true copy of said order.
Order Book A, Pages 707 and 708 .- Ordered by the Court that the sum of one hundred thousand dollars be and is hereby subscribed to the capital stock of the Mis- sissippi and Missouri Railroad payable in bonds of said county, at par, and subject to the following conditions : -
Ist. The said Mississippi and Missouri Railroad Company locate and construct their road in such a manner as not to cross the North Missouri Railroad at a point east of Salisbury, nor sball they cross a greater distance than one mile west of Keytesville, and shall cross the Missouri river between Cambridge and Keytesville Landing.
2nd. That when the president of the said Mississippi and Missouri Railroad Com- pany shall furnish to the county court of Chariton county, sufficient evidence of their ability, with the addition of these bonds, to construct their said road through Chariton county, and that they will expend the same for this and for no other purpose, and shall present certificates of paid up stock in the said Missouri and Mississippi
574
HISTORY OF HOWARD AND CHARITON COUNTIES.
Railroad to the amount of $100,000; then the court will issue to the authorized agent of the said Mississippi and Missouri Railroad, bonds to the amount of $100,000.
Said bonds shall bear interest at the rate of eight per cent per annum, the interest commencing with the date of sale : or when hypothecated for not less than half their value, and with coupons of interest attached. Both interest and principal being made payable at such places as may be agreed on when the necessary securities are given. Said bonds of the denomination of $100 cach, to the amount of twenty-five thousand dollars, of 8500 to the amount of twenty-five thousand dollars, and of $1,000 each to the amount of five thousand dollars.
They shall be payable as follows: Those of the denomination of $100 in eight years after date ; those of the denomination of 8500 in nine years after date, and those of the denomination 81,000, in ten years after date, and both coupons and bonds shall be received at maturity for all county dues.
It is further ordered that a special tax of sufficient amount shall be levied, to pro- vide for the interest on those bonds, for the payment of the principal. Five years after the date of issue a sathicient sum shall be assessed on the taxable property of the county, to the amount of one-fifth of the said sum of $100,000, and the amount so raised shall be applied to the purchase at market price, and cancellation of said bonds, or held as sinking fund to redeem them at maturity, as may seem best to the court. The court shall appoint commissioner to cast the vote of the county at the annual election of officers of the company, and to receive dividends arising from the profits of the road.
Conditioned further, that within ninety days from the sale or hypothecation of said bonds, that the said Mississippi and Missouri Railroad Company shall commence work on the road somewhere in Chariton county, within three months from the sale or hypothecation of the bonds, and shall put iron on the grades as soon as each ten miles of grade is completed and ready for it; and that the whole shall be completed within twenty-four months from the date of the sale or hypothecation of the bonds, and that before the sale or hypothecation the said bonds shall be advertised in two newspapers in New York City, the Democrat and Republican, in St. Louis, the Union, in Keytesville, and the Brunswicker in Brunswick, and copies forwarded to the court.
A true copy of said order.
Afterwards the county court saw fit to change the Original order subscribing stock to the Mississippi Railroad Company, as appears by the following order of record :---
COUNTY COURT OF CHARITON COUNTY, !
FEBRUARY ADJOURNED TERM, March 2, Ists. 1
Court met pursuant to adjournment; with the same officers present as yesterday.
Order Book B, Page 146 .- Ordered that the sum of one hundred thousand dollars be and the same is hereby subscribed to the capital stock of the Mississippi and Missouri Railroad, payable in bonds of said county at par, and subject to the following con- ditions :
Ist. The said Mississippi and Missouri Railroad Company locate and construct their road in such a manner as to run not less than twenty-one miles in Chariton county.
2nd. That when the president of the Missouri and Mississippi Railroad Company shall furnish to the county court of Chariton county, sufficient evidence of their ability, with the addition of these bonds, to construct their railroad through Chari-
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575
HISTORY OF HOWARD AND CHARITON COUNTIES.
ton county, and that they will expend the same for that purpose and no other pur- pose ; and shall present certificates of paid up stock in the said Missouri and Missis- sippi Railroad Company to the amount of one hundred thousand dollars, then the court will issue to the authorized agent of the said Missouri and Mississippi Railroad Company the amount of one hundred thousand dollars in bonds of said county. Said bonds shall bear interest at the rate of eight per cent per ananm, the interest com- mencing at the sale, or when said bonds are hypothecated for not less than one-half . their valne, and with coupons of interest attached : both interest and principal being made payable at such places as may be agreed upon when the necessary securities are given. Said bonds shall be of the denomination of one thousand dollars each, and payable in ten years. Interest payable semi-annually on the first day of January and on the first of July in each year, and after the expiration of ten years after date, both bonds and coupons shall be receivable as county duas.
It is further ordered that a special tax of sufficient amount shall be levied to an- nually provide for the interest accruing on the bonds, and for the payment of the principal: six years after the date of issue a sufficient sum shall be assessed and levied on the taxable property of the county, to amount to one-fourth, or twenty-tive per cent of one hundred thousand dollars, to be collected annually, and the amount so collected shall be applied to the purchase at market value and cancellation of said bouds, or held as a sinking fund to redeem said bonds at maturity, as may seem best to the court. The court shall appoint a commissioner to cast the vote of the county at the annual election of officers of the said Missouri and Mississippi Railroad Company and to receive dividends arising from the protits of said road. Conditioned further that within nine y days from the sale of said bonds that the Missouri and Mississippi Railroad Company shall commence work of the road somewhere in Chariton county, and shall complete the entire work through the said county within twenty-four months from the sale of said bonds.
Judges Cunningham and Young concorred in the above order, and Judge Grotjan dissented, on account of the restrictions in first order being removed, and enters his protest.
A true copy of said order.
Order issuing $100,000 bonds to the Chillicothe and Brunswick Railroad Company :-
COUNTY COURT OF CHARITON COUNTY, t MAY ADJOURNED TERM, May 18th, Ists. )
The county court met pursuant to adjourument; officers-John F. Cunningham, judge of probate and ex officio presiding justice; George Young and Henry F. Grot- jan, associate justices and attendant officers.
Order Book B, page 45. - Whereas satisfactory proof has been presented to the county court that the Chillicothe and Brunswick Railroad Company have located said road beginning at the City of Brunswick and continuing on the east side of Grand river to the City of Chillicothe, there connecting with the Chillicothe and Omaba Railroad. And whereas, Joliu HI. Hammond, the president of said railroad company, has presented to the conrt certificates of paid up stoek in said Chillicothe and Brun -- wick Railroad, duly signed and attested, to the amount of one hundred thousand dollars. And whereas, proof being presented that the sale to be made of the bonds of said Chariton county was duly advertised in two newspapers published in the city of New York; the Democrat and Republican of St. Louis; the Union, in Keytesville, and the Brunswicker in Brunswick, and copies of said papers have been duly sent to
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576
HISTORY OF HOWARD AND CHARITON COUNTIES.
the court. Now, therefore, all the conditions precedent to the issuing of the bonds of said county of Chariton for the sum of one hundred thousand dollars to the said Chil- lieothe and Brunswick Railroad Company having been fully complied with on the part of the said railroad company, it is therefore ordered by the court, that the bonds of sald county of Chariton be issued and duly signed and attested, for the sum of one hundred thousand dollars, in bond- with coupons thereto attached, of the denomina- tions specified in the order heretofore made by the court, subscribing said amount of one hundred thousand dollars to the said " C. & B. R. R.," payable at the place or places, time or times, and in the way and manner specified in said last mentioned order of this court and that said bonds so issued, signed and attested, to be delivered to the directory of the North Missouri Railroad Company, or their representatives anthorized in writing. And be it further ordered by the court, that said order sub- scribing said one hundred thousand dollars to the said railroad company, be so changed as to make the interest on said bonds payable at National Bank of Commerce in New York City, on the first day of January and July in each year.
A true copy of said order.
Copy of bond issued to the Chillicothe and Brunswick Railroad Com- pany : -
COUNTY OF CHARITON.
STATE OF MISSOURI.
CHARITON COUNTY BOND.
INTEREST FIGHT PER CENT PER ANNUM. PAYABLE ON THE FIRST DAYS OF JANUARY AND JULY. No.
Eight Years.
KNOW ALL MEN BY THESE PRESENTS That the county of Chariton, in the State of Missouri acknowledge> itself indebted and firmly bound to the Chillicothe and Bruns- wiek Railroad Company in the sum of --- dollars, which sum the said county hereby promises to pay the said Chillicothe and Brunswick Railroad Company or bearer at the National Bank of Commerce in the City of New York, State of New York, on the first day of -18-, together with interest thereon, from the first day of July, Ists, at the rate of eight per cent per annum, which interest shall be payable semi-annually on the Ist days of January and July of each year on the presentation and delivery at said bank of the coupons of interest hereto attached. This bond being issued under and pursuant to an order of the county court of Chariton county, by authority granted in the charter of said railroad company, and authorized by a vote of the people taken December 5th, 1867.
In Testimony Whereof, the said county of Chariton has exeented this bond by the presiding justice of the county court of said county, under the order of said court, signing his name hereto, and by the elerk of said court, under the order thereof, attesting the same, and affixing thereto the seal of said court. This done at Keytesville, county of Chariton aforesaid, this first day of June, 1868.
Attest :
E. A. HOLCOMB,
Clerk of the Co. Court of Chariton County, State of Mo.
JOHN F. CUNNINGHAM,
Presiding Justice of Co. Court of Chariton County, Mo.
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577
HISTORY OF HOWARD AND CHARITON COUNTIES.
Copy of bond issued to the Mississippi and Missouri Railroad com- pany : -
COUNTY OF CHARITON.
STATE OF MISSOURI.
CHARITON COUNTY BOND.
INTEREST EIGHT PER CENT PER ANNUM.
PAYABLE ON THE FIRST DAYS OF JANUARY AND JULY.
No.
Years.
KNOW ALL MEN BY THESE PRESENTS That the county of Chariton, in the State of Missouri acknowledges itself indebted and tirinly bound to the Missouri and Missis_ sippi Railroad Company in the sum of dollars, which sum the said county hereby promises to pay the said Missouri and Mississippi Railroad Company or bearer at the National Bank of Commerce in the City of New York, State of New York, on the first day of -, 18-, together with interest thereon, from the first day of July, 1868, at the rate of eight per cent per annum, which interest shall be payable semi-annually on the 1st days of January and July of each year on the presentation and delivery at said bank of the coupons of interest hereto attached. This bond being issued under and pursuant to an order of the county court of Chariton county, by authority granted in the charter of said railroad company and authorized by a vote of the people taken December 5th, 1867.
In Testimony Whereof the said county of Chariton has executed this hond by the presiding justice of the county court of said county, under the order of said court, signing his name hereto, and by the clerk of said court, under the order thereof, attesting the same, and affixing thereto the seal of said court. This done at Keytesville, county of Chariton aforesaid, this 14th day of May, 1869.
Attest :
E. A. HOLCOMB,
Clerk of the Co. Court of Chariton County, State of Mo.
JOHN F. CUNNINGHAM, Presiding Justice of Co. Court of Chariton County, Mo.
COUNTY COURT OF CHARITON COUNTY, FRIDAY, MAY 14TH, 1889, ). MAY ADJOURNED TERM. -
Court met pursuant to adjournment; with the following officers and attendants present: John F. Cunningham, presiding justice; II. F. Grotjan and George Young, associate justices ; John Gaston, sheriff ; E. A. Holcomb, clerk.
Order Book B, Page 184. - On motion of the Missouri and Mississippi Railroad Company, and in accordance with an order heretofore made, the court this day issues to the Missouri and Mississippi Railroad Company one hundred thousand dollars of Chariton county bonds, in the denomination of one thousand dollars each, number- ing from one to one hundred, with twenty coupons attached to each, numbering from one to twenty. The interest payable semi-annually, at the rate of eight per ceut per annum. The principal payable as provided for by an order of the court, heretofore made.
Justices Young and Cunningham concurring and Justice Grotjan protesting. A true copy of said order.
t
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578
HISTORY OF HOWARD AND CHARITON COUNTIES.
The Mississippi and Missouri Railroad Company being unable to comply fully with the terms of the original order of subscription made by the county court, application was made to the court for a second change in the original order, when the following proceedings were had : ---
COUNTY COURT OF CHARITON COUNTY, NOVEMBER ADJOURNED TERM, DECEMBER 23, 1868.
Court met in pursuant to adjournment ; officers present same as yesterday.
Order Book B, Page 117. - Be it ordered by the county court of Chariton county that an order heretofore made and entered of record on the 9th day of December, 1867, subscribing one hundred thousand dollars stock to the capital stock of the Mississippi and Missouri Railroad Company, be changed by striking out all restric- tions relative to where or on what line it shall be built; provided, however, that it shall he located and built at least twenty-four inles through said county of Chariton. Also provided that if the said M. & M. R. R. Company by their own means, with the one hundred thousand dollars stock taken by the county, with other stock taken by the counties of Chariton and Saline or by townships along the proposed line of said M. & M. R. R., or by private subscription made to the capital stock of said R. R. company, shall ou or before the Ist Monday in February, 1869, show that said com- pany is able to grade and prepare the road-bed for said road through the said coun- ties of Charitou and Saline within the limits already designated in said Chariton county, and to extend through Saline county towards Sedalia, then this order shall be null and void, otherwise it is to be in full force.
The foregoing order being concurred in by Justices Cunningham and Young, and Henry F. Grotjan, one of the justices of the county court of Chariton county appears and euters his protest to the change made by the foregoing order.
A true copy of said order.
The board issued under the above proceedings, not being fully paid off, on the 1st of July, 1879, the following funding bonds were issued to take up the old ones still outstanding. These constitute the present
BONDED INDEBTEDNESS OF THE COUNTY.
One hundred and thirty six per cent 5-20 bonds of $100 each, issued July 1, 1879, interest payable annually at Laclede bank, St. Louis, $13,000.
One hnudred and forty-two six per cent bonds of $1,000 each, issued July 1, 1879, interest payable semi-annually at Laclede bank, St. Louis, $142,000; twenty eight per cent bonds of $100 each, issued June 1, 1868, interest payable semi-annually at Bank of Com- merce, New York, $2,000. Total, $157,000.
The original bonds were issued to aid in the construction of the Mississippi and Missouri and the Brunswick and Chillicothe Railroads, excepting $2,000; these were funded under an act approved April
579
HISTORY OF HOWARD AND CHARITON COUNTIES.
12, 1877, entitled "An aet to authorize counties, cities and towns to compromise their debts." Interest promptly paid; interest tax on the $100 valuation, twenty cents ; sinking fund tax five cents, Tax- able wealth, $5,087,260.
The St. Louis, Kansas City and Northern Railway Company was organ- ized under the general laws of Missouri, and in 1872 became the owner by purchase of the old North Missouri Railroad. Financial embarrass- ments having overtaken the North Missouri in 1871, it was sold out un- der foreclosure, and M. JJ. Jessup, of New York, became its purchaser. In February of the following year he sold it, as stated above, to the St. Louis, Kansas City and Northern Company. This company oper- ated the road with marked ability and success until the 7th of November, 1879, when it consolidated with the Wabash Railway Com- pany east of the Mississippi, forming the present Wabash; St. Louis and Pacific Railway, the third largest system of roads in the United States.
This now includes in Chariton county all the roads formerly belong- ing to, or that were operated by, the old North Missouri, and its succes- sor, the St. Louis, Kansas City and Northern ; or, in other words, all the roads mentioned on the preceding pages of this chapter.
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