Page:The American Cyclopædia (1879) Volume IX.djvu/348

336 IOWA bonds on deposit, $5,909,000 ; circulation out- standing, $5,363,885. The bank circulation of the state amounted to $5,674,385, being $4 75 per capita, 8 per cent, of the wealth of the state, and 88'3 per cent, of the banking capital. There were 23 banks, of which 15 were savings banks, organized under the laws of the state, having $1,015,956 capital stock paid in, with assets amounting to $3,879,033. In the development of its railroad system Iowa has made rapid pro- gress. The total mileage of main track has increased from 68 m. in 1855 to 655 in 1860, 891 in 1865, 2,683 in 1870, 3,160 in 1871, 3,643 in 1872, and 3,744 in 1873. In 1856 and 1864 grants of lands were made by congress to the state to aid in the construction of railroads; these lands were in turn granted by the state to various companies for the construction of five great trunk lines crossing it from east to west and extending from the Mississippi to the Missouri river. Four of these are now in ope- ration, and the fifth is partially built. The most southerly is the Burlington and Missouri River railroad, which extends from Burlington to Council Bluffs. The Chicago, Rock Island, and Pacific, and the Chicago and Northwestern, have the same place as their western terminus in Iowa, the former extending from Davenport and the latter from Clinton. At Council Bluffs, which is on the opposite side of the Missouri river from Omaha, Nebraska, these three lines connect with the Union Pacific railroad, which has its eastern terminus at this point, a bridge having been constructed across the Missouri. The next grand line crossing the state is the Iowa division of the Illinois Central railroad, which extends from Dubuque to Sioux City. The projected line will connect McGregor, opposite Prairie du Chien, 111., with Sioux City ; it has been completed to Algona, 169 m. from the Mississippi, and is now (1874) operated by the Milwaukee and St. Paul railroad company. All these great channels have communication with Chicago and the great eastern commercial centres, and for their accommodation the Mis- sissippi has been spanned with several bridges. The numerous railroads crossing these trunk lines give Iowa extended facilities of commu- nication with the states lying to the north and the south. The assessed value of the 3,643 m. of railroad in the state in 1872 was $18,842,592. The railroads lying wholly or partly within the state, together with their termini, are indicated in the following table, which shows also the number of miles completed within the state in 1873, and the entire length of the various lines : NAME OF CORPORATION. TERMINI. Length com- pleted in state, miles. Totnl length between termini when different from preceding. 248 261 Milwaukee division . .' Cedar Rapids to Postville 106 Vinton to Traer 25 . . . Burlington and Missouri Elver Muscatine to Iowa river Burlington and Council Bluffs 27 292 82 Creston to Hopkins 44 ViUisca to Clarinda Red Oak to East Nebraska City 16 51 ... Burlington and Southwestern Burlington and St. Joseph, Mo 80 189 260 43 Chicago, Clinton, and Dubuque Clinton and Dubuque m 92 118 Chicago and Northwestern : Clinton and Cedar Eapids 82 272 Division. 1 (Stanwood and Tipton) 9 I (Iowa Midland) 71 Chicago, Eock Island, and Pacific: 810 r 60 Washington to Signurney 28 ... Des Moines to Indianola 21 25 128 271 125 82 249 55 Illinois Central: [ 143 Iowa Division < Iowa Falls to Sioux City 184 76 61 200 Milwaukee and St. Paul Milwaukee Wis., and St. Paul, Mian 86 405 f 126 Conover to Decorah 10 Mason City to Austin, Minn 28 67 12 800 43 181 Sioux City and Pacific 80 107 Sioux City and St. Paul. . 57 148