By the returns of the United States census for 1850 there were 4,500 inhabitants in the town! That this was an error is most manifest. A steady increase of population and dwellings took place from this period to the first of June, 1854, when by a census carefully taken, by one of the citizens, there were only 3,036 inhabitants. A similar increase has been going on until the present time, when there are found to be only 3,652. If such a decrease has taken place where are the tenements vacated? A similar error occurs in the United States census returns of La Salle, the population of which is set down at 3,201. A census, taken by the authority of the town soon after, exhibited 1,100! It is probable that the census taker was contented with the answer of the first man he met, of whom he enquired the amount of population, and that this person happened to be a large lot holder. Generally, in such cases, if the amount stated be divided by two, an approximate result may be obtained.
On the 15th March, 1851, the town of Peru was incorporated as a City. The territory incorporated embraced the South half of Section 16, the South East quarter of Section 17, the North East fractional quarter of Section 20 and all of Section 21 North of the river. The extent of territory embraced in the City, was forty-eight acres less than that in the borough, that part of Section 21 included containing forty-five acres, while the North West fractional quarter of Section 20 excluded contained ninety-three acres.—This territory was divided into two wards. The leading motive in petitioning for this Charter undoubtedly was to enable the City to issue Bonds on account of Rail Road subscriptions.
The first election held under this Charter was held in April, 1851, which resulted in the election of T. D. Brewster, Mayor; Geo. W. Gilson and Jacob S. Miller, Aldermen for the First Ward, and Erasmus Winslow and John Morris, Aldermen for the Second Ward. Whole number of votes 196.—By the provisions of the Charter, the Aldermen were to be elected for two years—two out of the first four retiring at the end of the first year—to be determined by lot. Gilson and Winslow drew the long term. This Council elected Churchill Coffing, Clerk; P. M. Kilduff, Treasurer; F. S. Day, Assessor; A. Roberts, Marshal; Z. Lewis, Street Commissioner; and James Cahill Collector.
The question of issuing Bonds on account of subscription to the Stock of the Rock Island and La Salle Rail Road, (the Charter having been so amended as to continue the road to Chicago,) was submitted to a vote of the people on the 17th May. The vote in the affirmative was unanimous.
Conflicting claims having arisen out of discrepancies between former surveys of the town, a new survey was ordered and established by ordinance, and other measures taken to legalize the act.
On the 22d February, 1852, the Rail Road Charter having been again amended and the Company denominated the Chicago and Rock Island Rail Road Company, the question of an issue of Bonds on account of subscription to its Stock, to the extent of $40,000, including the $25,000 previously authorized, was submitted to a vote of the people. Strenuous exertions had been made to defeat the subscription; and this time there were found to be 16 votes in the negative to 280 in the affirmative. $40,000 of 10 per cent Bonds were issued, and the same amount was subscribed to the Stock of the Road, which during the fall and winter was commenced and vigorously prosecuted.
The certificates of stock thus subscribed for were, by virtue of section 5 of an ordinance passed 12th April, 1852, to remain with the Rock Island Railroad Company in trust, pledged for the payment of the bonds and interest, and convertible into stock at the option of the holder; thus giving him the advantage of any advance of the stock above par, while the City must pocket the loss of any depression below. The interest due on the 1st November was paid by means of a loan authorized by the Council on the 18th October. Interest scrip of an equal amount was issued by the Company, convertible into stock on the completion of the Road.
In the winter, the charter of the Illinois Central Railroad company was granted. The lands, formerly ceded by Congress, were donated to this company, upon the condition that they should build a road from the mouth of the Ohio to the junction of the canal and Illinois river, with branches &c. The same terms were prescribed by Congress in the act of cession. The people of Peru assumed, that by this it was intended that it should terminate at the pier head, where the waters of the canal and river unite. The company proceeded to build the bridge across the river at the mouth of the Little Vermillion, a mile and a-half above. This drew forth a vigorous protest from the City Council which was duly forwarded to the officers of the company, and to the proper Department at Washington. Nothing however came of it, and the company proceeded to complete their works according to their original plan. This gave to the rival City of La Salle still further advantages, by way for facilities of trade, north and south.
On the 5th February, 1850, the Peru and Grandetour Plank Road company was organized, under a charter previously obtained, by the election of T. D. Brewster, J. H. McMillan, William Paul and J. L. McCormick of Peru, Tracy Reeve of Lamoile, F. R. Dutcher of Shelburn, and Solon Cummings of Grandetour, Directors. In September, 1851, so much of the road was completed as justified, under the charter, the collection of tolls. It was afterwards completed as far as Arlington, in Bureau county, and partially constructed to Lamoile. This enterprise was looked upon as promising great advantages, not only to the town, but also to the country through which it passed. The result demonstrated that these expectations were reasonable. The large traffic which passed over it, for a few succeeding years, could not by any possibility have existed without it. It was originally contemplated to finish it to Grandetour, on Rock river, but want of funds delayed the work, until the construction of intersecting lines of Railroads, in a degree, superseded its necessity. The road has since been allowed to run down, and the plank have been removed. The company at present do not pretend to exercise any control over it. For a great portion of the present season, it has been in so bad a condition as to be quite impassable for loaded teams, and nearly so for vehicles of any description. Thus cut off from the trade of the north by bad roads, and of the south by the difficulty in crossing the river and bottom, the only resource that remained to the trading portion of the community, was to trade with each other. In this it is to be hoped they have been as successful as the boys who traded jack-knives with each other all day.