Ypsilanti sentinel. [volume] (Ypsilanti, Washtenaw Co., Mich.) 1843-1900, 1845-08-06
Ila2l goo. Now ifihe road empioyiug the fofco

1922 900. Now ifihe road employing the force
of five engines the entire year yield nett reve-
enue 1922 900 what i'll il yield at the same rate
employing thirteen for the same length of time,
S3l7 200; and as the Expostor makes the same
estimate for the Southern Road we have the ag-
gregate by multiplying this sum by two, making
ii $G3f,4O0. upwards of ive.eights Of a million OF
dollars. This is far below the actual amount
which may be fairly expected from the roads
when completed. and the beautiful difference be-
tween State and Company ownership is that un
der the former, this sum is retained 10 the .Sate,
under The latter it is taken out. But the Exposi-
tor thus calls on us to tell how the roads are 10
0e "complcted" by the State; "the Ypsildnti Sen
iinet talks Of the "permanent advantages" of the
Road to the State when they compeied.--
Will thar paper tell us when they will be likely 10
lie completed. if the State retains them Are we
not we no, at The end of our chain? Or would
the Editor have them finished BY an approprat ion
Of lands which we do not possess, as The wise
ones attempted to do last winter? Perhaps he
can tell how it can be done-we cannot But
we do believe company can do it, and that a
Wing Legislature can place around it such guards
gainst the abuse of its power, to secure the
people fiom harm, while the State is benefited to
ar extent can hardly imagine" We take his
own estimate and cry "Eureka," we have found
it. Half million of dollars will more than COM
pete the central road the interest of half million
at seven per cent is $4,000. For this purpose,
under an energetic, economical administration,
Wing administration, we can easily raise half
million at less per cent than seven. With this
fund in one year the Central Road car be com.
pleted. In its present state il viii pay the inter-
est OH this additional loaE and many thousand dol
lars beside. Tbs first year of its completion it
will paw lie interest ana more than half The prln-
cipal, according to the Exposi!ors estimate. The
second year, the remainder, interest aud prInclPa
and take strong hold to pay the present debt
and assist, if necessary, lis neighbor, the Southern
road, after which it's triumphs will proceed regu'
larry until the whole of our debt is paid we are
relieved from taxation and possessed of an album
dant surplus revenue for the Improvement and
adornment of our State. That is one way but
The Expositor mentions another: "Or, would the
Editor Of the Sentinel have them flushed by an
appropriation of lands which We DO not possess,
as the wise ones attempted to do last winter r'-
Well, as to this sir, We do possess some lands yet,
though the "wise ones" last winter did vote away
rather than they had any claim 10, not in al
tempting to fnish.the railroads however, but IN
payment for the votes of their respective con-
s!Ituencies. They were stopped in their design
by the Governor, and they all said ''amen. -
Suce then these lands remain, if it can be
done. we rather .hia the best way to dispose OF
them, is to invest them In the icads, where, the
Expositor being judge,they will yield an ';inehse
interest. Thus we think the roads can be com,
pleed quite as soon by the State as by company,
and in the same order, viz the Central road first
and the Southern afterward. No particular Sec
ton will gain aught by the sale.
When company purchases the roads they
will proceed like prudent men, and if they should
find that The completion of both roads was not like
ly to ensure revenue commensurately greater,
they would nerer complete the Southern.