Richmond palladium. [volume] (Richmond, IA [i.e. Ind.]) 1839-1854, 1842-04-23
EAST FORK CANAL.

Directors of The Company open Books time,
at different along the line OF Canal the pu
of endeavoring again, a perma-
nent footing, and with a certainly of No
mencement viii be made until sufficient have
subscribed by good and Response men,
completion Experience has taught the necessity
course Public confidence in ability make the work
Indispensable 1t IS therefore hoped that every person
vino disposed 10 ad the prosecution Of the by
subscribing stock, be paid, cash. labor produce
real viii III The put down the Re
w do. Let fair unised and energetic be made.
and it then fail, let the until
thoroughly convinced o. the necessity Of such
work bat LEI NJ one fater until the effort Is made.
Report Of the Committee.
The committee appointed hy the board OF tho
Richmond and Rockville Canal Company. whom
teerred lIect further prosecution of work,
under the passed Legislature, the
further prosecution" Of the public oAs by companies hAve
had tive sntec, under deteaton, and respectfully submit
follow ns Of all interested.
The oenbers of tie committee ,aaninot, IN tho o.
piaon that under the provision 4 tho law above referred
to, united EFFORT harmonious action OF those
the Richmond and Rockville Canal, ha, work
be prosecuted completion without necessary snbai
stockholders. Under the provisions of this
general law, stock be subscribed in labor, materials
services be paid such ana conditions may DO
agreed upon board of Directors Stock may ao ts
subscribed estate, which be appraised by three
CtstneFestd persons be appointed by tho '"Hefnofs
upon which scrip may be issued the fu amount Of the
value OF such real for labor md
psrfome aud materials nished accom-, of such worn
This scrip be redeemed by the real upon which It
issued That is say, any person possessing
the Of the value OF any piece Of property upon
which such scrip has issued may by
paying appraised scrip, shall
from the company good and sufficient deed fee simple
AMI when the committee consider the disastrous and
barissing circumstances which surrounded, tho
crumbng of banking institutions neghborng states, tho
rapid reduction III the circulating currency OF eoun
and the consequent sinking value property hey
know Of means within the control His community
that would 30 toward resisting
oIrd tendency Of erery thing around aud about and
preserve interests, least great extent.
that degree OF depression which evidently awaits those less
avoua5y situated. ,s prosecution and completion OF
under Therefore respect
fully farmer interested ~ this
CONSIDER lreH whether not, he could BE
pecunary point Of view, now, while the price Of agrieu
tlral produce low that his lands scarcely
GUILTY. ring any beyond fhe supply of IN
mediate demands if each should subscribe portion nf
such lands (or lands lying any where hunt.
the state) stock, upon which scrip would
the completion of Canal. We would also suggest +,
every mechanic and every merchant consider
ing that the failure Of this project,
upon their particular branches your
selves, view of the whole subject you could incur
any pecunjay loss by subscribing paid
materials roa estate may best suit your convenience
Aud connection with this OF subject, de.n.
worthy the consideration Of this portion of
whether not in the event Of failure, they viii DO
driven. by the force Of circumstance many Of them
their lions and seek Others within reach Of the
be derived from the progress OF similar works,
that doubt will be in operation in other pa OF the
tate. The commi consider late in tho day,
require convince in this community Of
the grea, utility Of such improvement. We we'll
tina, his has been delayed from doubt by
any. Of its Importance, but only for the Of
progress With its prosecution But We believe the means