Indiana State sentinel. [volume] (Indianapolis) 1841-1853, 1845-02-13
The Rail Road.


We take occasion 10 express the hope, that the
Directory of the Rail Road, in procuring the means
for the completion of the work. which they autho
rized TO obtain under the new Law. and in making
future contracts, win be governed exclusively by the
cash principle. It seems to us that experiments
enough have already been tried. satisfy the
most speculative mind, that this principle, IN such
works especially, is the only which will certainly
produce safe, speedy and economical fesults,-desi-
derata equally important to the public and the stock
holders To be more explicit, for fear we may not
be fully understood, we viii say plainly, that an
agent should be Immediately despatched to Boston, for
the purpose of obtaining loan IN cash. We say
Boston in preference to Philadelphia or New York,
because there is unquestionaby at the present time
more surplus cash capital in Boston, than in any other
eastern city, ard the holders of 1t now seeking
safe and profitable investments of this description both
at home and abroad. All that Is necessary to obtain
the funds is submit to capitalists the abundant eri
dence easy to be collected and put in proper shape,
of the present condition of the road, Of the favorable
provisions of the laws by which it conveyed to
the present company, of the geography and topography
of the rich region through which it traverses,
celled by any country in the same latitude unbounded
in natural resources and capable of unlimited improve
ment, and of the ourishng villages, created out of
the wilderness by the imperative wants of the popu
lation and to the magnitude of which the completion
of the road must indefinitely add. Let what we thus
have space only to hint at be done by some agent
who has the common sense and ability to do it it
ought to be done, integbly and correctly. and our
word for it, the money could Immediately be obtained.
This is the way successfully and economically to
prosecute the work. Let us have no humbuggng by
old stocks Of shop goods from Philadelphia or
New York. for which two prices and interest besides,
would have to be paid, and which would not 60 half
far cash. in the payment of labor and material,
and would not be half as satisfactory as useful to
the whole community. word more. Let there be
no jealousy faroritism in appointing an agent, if
one should be appointed. We don't care whether he
resides here, at Madison, any where else that
he is man of business capacity and intelligence, and
has not been too much identified with previous
usnucccsJM speculations The population concerned,
and it embraces an immense section of the State is
now disposed to regard the work in the most
favorable light and viii yield it all the countenance
and support in their power, if their confidence end
present notions of cash and economy be not abused
We feel quite sure they will not be abused.
suggested to our friends having immediate interest
in the completion of the road the propriey of apply
ing for loan in Boston. The new law removes
every obstacle to probable in such negotia-
ton and that money can be had, we have now the
following evidence in black and white, from the
Cincinnati Gazette of recent date
ave expressed qualification yesterday the prospect
Of speedy completion Of the Rail Road from Cincinnati
Ssndusky city.
"Mr Mills of Yellow Springs has just returned from
Boston, to which city he went sometime since, his
hook, 10 obtain money To complete the road He has
ceeed in obtaining promise Of loan OF $500 900 Boston
for that purpose upon the security Of the road
interest. estimated that this will be sufficient
complete the connection Of Little Miami Road from
Xena with The Mad River and Lake Erie Road and that
the money be had and applied to complete the road
fast can be constructed IL only requires the prem
mary steps of Legislative act authorizing loan that
of interest," and the execution Of the proper papers by
companies 1t is hoped that Steps may be mmedi-
atey taken obtain this money AID for the completion OF
this important line Of communication at the earliest possible
period"
As evidence of the disposition auIvug tire capt.
talsts Of Eoston and vicinity TO invest capital in this
way, take the following statement from the Boston
Post. 1t reminds US of old times here.
a steady flow Of petitions for railroads. and branches
and from roads, has continued fill the journals
Of Legislature aud If adjournment within
period is contemplated there be appointed
forr other rail committees and report upon the
Senate chamber has been filled with parties the
Lowell rail ID aud the roads from Lowell to Ballard Vale
and South And1ve II evident om the remarks which
fell from the chat man, th this committee not friendly
the road fom the Nashua road Lowell city u
Tewksbu,y and Ballard Vale and il somewhat dpubtfpl il
they report in favor of that South Andover which u
branch out Of the Lowell rosd.
lf the load Ballard Vale granted there would be
additional facilities of intercourse between Salem and Lowell
when the road contemplated ntesec the Maine Extens
Maiden built but the possibility oil avoid Of the
Lowell road by the travellers from Concord Nahui and
fho ID Nj.
Extension to Boston, has tendency the old ques-
lion of vested rights If the road prayed for from My,ick
station the New Bedfod r'ad aud that from Bdgewaer
Quincy be granted avoidance Of the Taunton fIanch
and Providence roads will be effected in mode
F'om Salem to Boston there two railroads peoned
for ioersect the Name Extension Maiden and
other directly into the city A new line from
birmingham to Weston, Inersectrg the Fchbug asked
for which again involves The question Of interference with
chartered privileges in reference 10 the Worcester road
is deemed probable by many that reduction dollar
will be made the Worcester the faIe being one
dollar and twenty-five from Boston Worcester
This change will be made necessary by The Fchburg
ing in March, and drawing off that line Of much travel
that now goes to Worcester"
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