Richmond palladium. [volume] (Richmond, IA [i.e. Ind.]) 1839-1854, 1845-03-19

the issuing Of scrip to the amount subscribed.
but also the free use OF tho canal from Brook
viilo TO Harrison for term Of years, and the
farmers and o.hor citizens along the line may
not think sufficiently Of the importance Of having
their market brought RICH: to the door, There is
nothing brought TO this canal, but that finds
DIV market, and generally a fair price in cash,
which gives life and energy 10 all kinds Of busi-
ness. Perhaps you will enquire, who the
stockholders in the White Water Valley Canal
They all classes, rich and poor-the laborcr.
tho mechanic. tho merchant, the farmer, &C.;
from one to four hundred shares, the shares being
so dollars Gao b, making tho amounts from fifty
dollars to twenty thousand. Now, SIR, II IS my
opinion that there Is real estate enough in the VI
cnty Of the East Fork Canal, which might ba
subscribed, TO make the canal, and the owners OF
such real estate be bettored by tho subscription
A gentleman in this vicinity, who is q land-hold-
err, and who owns stock in this canal 20 the a
mount Of S2O,0OO said TO not long since, that
! If his stock not worth a farthing to him, he
should consider himself better of with having
made that subscription, and with the canal. than
| he should without them; and, for myself, have
no hesitation in saying that | would rather have
half Of my property hero with the CANAL than
the whole of il without. But suppose that ono
| half of the stock for your canal should be sub
scribed in real estate, should think the other
| half might easily be obtained in cash subscrip-
TONS and if any person chose TO donate. it would
make the stock much tho valuable.
have understood that individual advanced
/ the idea that boat would do the fire citing
! from Richmond the canal completely but,
tine s nj
be conba,ed. If less than ten boats does the bu-
siness Of Richmond alone, am much mista kon.
and i, no doubt will require moro than that num-
ber say fifteen. in tho business Of the
Year. There are now about twelve boats run
ming from Laurel, and but very lttlo of the pork
la I'd or bacon, has been shipped by pork pack
crs, and hear of no complaining for want of
freight, and | should suppose that Richmond
would at least do much business as the little
town of laurel.
Our citizens have no, only succeeded in paying
their stock promptly and satisfactorily. but arc
about 90 farther into the stock business by con-
structing a turnpike from Laurel to Rushvlllc;
, thorc has been meeting held on the subject.
and there is TO DO another Sat. the 18th inst,
and havo no doubt that the stock will be taken
without any difficulty The prosecution of our
our canal, instead Of producing emba rrassment
, as might have been conjecturcd has bothered the
circumstances of our community generally the
stock certificates having done much To fill up the
vacuum of circulating medium which was very
scarce at tho commencement Of II.
81 think there is no doubt Of tho completion of
this canal to Cambridge city before tho first OF
Sept. next and if your canal should be COM
mcnccd at or before that time there could be q
largo amour, of labor and capital obtained to
prosecute it,
81 do think, sir, if your citizens, and those a
long the linc could SEQ this matter in lis true light
they would tako hold of it at md complete
tho work..
} Tho Legislature of Ohio has adjourned sine