Richmond palladium. [volume] (Richmond, Wayne County, Ind.) 1831-1837, 1836-09-10

while we weep over the suf5erings OF few
hundred semi-tartars great way OH, we .eI
up by the roots whole peoples ano panIS.I
E.~r.ror N;cholas done more! Ay, has bel
done - muchi-(N Y. Com. Adv.
ClNCaNNATI-HER DUTY.
A. M objections have been made to the
,,ro,,os;t;on. that Cincinnati, in her corporateI
caoacity. should subscribe. for such an amount
If stock in the Whitewater canal ana ue
Little MAN, Railroad, as will insure tne.
early construction, it may be Presumec, a's.
M ss,ch objections exist. Indeed, we 40 no.
~. an that foundation an argument against
the nronosition can be raised. Suppose that
,he.e works could only be secured Dy q GO
nation of half . million OF dollars rom our
c;tv treasury, to the companies authorized 70
construct them. Should it not be made
should We not, in pecunmry point on v'e~,
be the gainers-imnensely ne gamer, -
m.kiue such gift Let any one who WISH
e 10 answer this question undeTstandmg'y,
study the relations Of this city with the east.
EN- half of 1ndiona, and the western nail OF
Ohio-let him recur to the past and present
commercial, manufacturing, and agricultural
.a.a;st;cs Of the sections Of the corctry to be
.r.ver.ed bv these two works, and then con-
se.nolate the future, and we nave no fear Of
the character Of his answer. We repeat,
that II the donation of half million Of dol
lars by the city, would ensure the early con-
struction Of these two works, the citizens OF
Cincinnati would find their immediate and
prospective interest in making It; but this IS
not ihe proposition.
II IS an unreasonable fact, that both IN
England and the United States, railroad
stock is among the most profitable invest
ments of capital. There is scarcely an m
stance. in which it il not above par. The
dividends vary from 10 to Is per cent, and
Al a matter Of course, must increase with
the growth Of the country N business and
population. Many examples might be g'ven,
but we take q single One-the Schenectady
and Utica railroad, seventy-seven miles m
Ienoth.-beinQ lust about as long as the
Iitiie Miami Railroad. The Utica Railroad
has cost one and half millions Of dollars
II has been opened but for a short time-thc
receipts for tolls have been about $1,000 per
Jay. and the stock is now at an advance Of
IS per cent. Now let the reader examine
the local advantage Of the Utica Railroad
and that which il is proposed to construct
between this place and Spring6eld;-le him
ground over which this latter road will pass,
Instead Of costing one and half millions OF
dollars. It will not cost more than 100000,
and then make his estimate OF the profits OF
thjs stock. We think it could he demOnstra-
ted, that it will be more profitable than any
Railroad stock in the United States. late
writer in the Gazette who has studied this
subject. has made a calculation that, taking
100000 as the cost, and allowing one hum
bred passengers per day. and $4,000 tons OF
merchandise per annum, to pass over this
road, the dividend would, at the present time,
amount to sixteen per cent. If any one
doubts the correctness Of this estimate, let
him make his own calculatiOn-the result
need not be feared. We think, then, there is
nothing haEarded in the assertion,-that Gin
cinnati may borrow three, four, or five hum
dred thousand dollars and invest in the Little
Miami Railroad, and that the dividends in the
course Of twenty years, will not only keep
down the interest on the loan, but will actu-
ally repay the entire amount Of the principal.
Here, then. is q mode BY which work of
internal improvement, immensely important
to the continued prosperity of this city, may
be secured, without taxation, and ultimately
become a source Of permanent revenue to
the treasury Of the corporation. What then
should be our policy1 The following sug
esseions are respectfully made:
lst: That our City Council should investi-
gate this subject, and present the arguments
Tor and against it, to the citizens.
Cd. That they make provision for taking a
vote of the citizens on the second Tuesday
Of October, on the proposition, whether,
Sd. The Legislature shall be requested to|
authorize the City Council Of Cincinnati, tol
borrow half million Of dollars, to aid in the
construction Of the Little Miami Railroad,
the Whitewater Canal, and such other works
Of Internal improvement as are directly con-
aected with this city.
A step Of this kind will give Us the publicI
should Be known and brought into action.
At the present time, when the whole country
is ripe with the spirit Of improvement-whenI
enterprise Of the Hottest kind is abroad in
the land-When mountains are levelled, VAL
leys filled up-and rivers traversed by rail-