Constitutional Whig. [volume] (Richmond, Va.) 1824-1832, 1832-06-01
For rnE VINO.
TO THE CITIZENS OF RICHMOND

III TIE CITIZENS OF RICHMOND
II can hardly be necessary to say any thing IN
ADDITION to the eloquent appeals already made to
You. to induce general subscription to the stock
OF the James 81 Kanawha River Company You all
must perceive the immeasurabe advantages the
Work, when accomplished, will afford to our city
IL ,ho real estate alone, in Baltimore, be estimated
10 have appreciated fifteen millions Of dollars, in
consequence of the partial execution of their Rail
noau' what similar advances may not anticipate
from the completion of our great work?
IL cannot be expected that the whole necessary
subscription will be got in Richmond, or in the
State, at this time. But if Richmond shall subscribe
one million to the undertaking, in addition TO tho
subscription of taco millions already made in advance
oy the State-to say nothing of subscriptions in
other portions OF the Commonwealth-no ono can
doubt that foreign CAPITAL will readily DO rendered
supply the deficiency. Capitalists abroad, will not
embark their funds in the scheme unless they snc
we are IN earnest on the subject Lot them DC as
sured of that fact, and anticipate no difficulty
tor no man be blind as not to see the invest
nicnt would he Judicious to foreigners (who
have little interest in the increased value of ouy
ands,) if the work shall be accom- plished-
and they will require other guarantee than that
already given by the State if we show that we are
Wiling to cooperate Zcalously and with an undivi-
dcd opinion. Let me, therefore, fellow citizens
exhort you all to unite ir the work--lct each con-
tribute share, at least--it will show concert
among us, and inspire universal confidence. Some
may hesitate, because, although they wish success
TO our enterprise they may not conido in our being
able To raise the necessary funds and therefore are
unwilling to hold their means committed, but un
employed.
To such, let me remark in the first place. that 81
only IN the 100 will have to be paid by the LIST of
December ncxt--nO advance will be required until
That time. In the next place, it should be kept i'm
mind, that the work will be abandoned, PERHAPS If
the necessary subscriptions cannot be got by that
period; and if they shall be got, then all will see
the work will be complc,cd-thcrc will no longer
be n doubt on the subicct-and tho stock will be
NOr In lno.f =.
without any considerable surplus fund, our citizens
may prudenHy embark in the scheme very
small sum only can DC required iii the first six
months. If the scheme should not succeed that
sum Will be returned undiminshcd. If the fund
shall be subscribed, there cannot he doubt of the
STOCK being worth At least its cost, and when sub
sequcnt calls may be made sale can be effected
1t 10 meet the demand would be productive of the
slightest incon venience.
would, therefore, especially address myself to
the more enterprsins portion of our citizens and
ask II here is not scheme which their efforts may
not almost ensure by inspiring confidence abroad
and with very little hazard Of loss to themselves
Should we fall we will, nevertheless have the
consolation OF having manifested WILLINGNESS to
promote the general good.
10 the more cautious, who may have but
few hundred dollars each year 10 add to their capi
tai, would ask, if subscription 10 this Stock
would not be equal to good Savings Institution
TO them? The annual or semi-annull calls upon
them would remind them that no idle or useless
expenses should lie incurrcd-thcy would he more
ec"nomical-stil more prudent-and when the
work shall be done, the Stock itself will be an in
hertancc for their children, worth pcrha ys three
told ITS cOst-Whcrcas, without this suiscrintio,,
the money may be wasted in unnecessary cspcn
ses, or perhaps lost in investments of Il more I'M
safe Character l would, therefore, ask one and
all 10 unite IN this scheme--the most magnificent
and at the time, the most tempting and pro-
ihsing that ever submitted TO the considera
ton of town. PHIIO