Richmond palladium. [volume] (Richmond, IA [i.e. Ind.]) 1839-1854, 1845-03-05
April whig Nominating Election,

OBSERVATION-DISCLOSURES
April xVhis Nominating Election.
t1HON. CALEB B. SMITH is a candidate
for reelection to Congress. subject to the decis-
ion of Wing Conve ntion.
We are authorized to announce JEREMIAH
w. STAFFORD candidate for Assessor.
subject to the Wing nomination to be made on the
first Monday in April next.
We nre authorised to announce HUGH B.
TAYLOR as a candidate for County Assessor,
subject to tho nomination Of the Wing party.
We re authorized to announce STEPHEN B.
STANTON, q candidate for the nomination
for County Auditor.
We are also requested to announce THOMAS
ADAMS candidate for nomination, for Coun-
ty Auditor.
APRIL ELECTION.
We are authorized to announce JESSE NJ.
LEE a candidate for Constable at the April
DAVID MESSICK, is a candidate for Con-
stable.
LEVI STEELE is a candidate for Constable.
HENRY J. PYLE, tho present incumbent,is a
candidate for reelection to the office Of constable.
,,,,,u,,r,v,r,,,,ur,n,uv
East Fork Canal.
There is disposition manifested by some Of
tho residents and property holders along the limo
work. 1t arises perhaps from tho opinion which
10 worry prevalent, that SOMETHING must DO done
to keep our section Of the county and town up,
& give ctizens advantages equal to those en-
joyed by our neighbors. 1t is evident to oil that
something must DO dono; and what it shall be,
should command the attention and investigation
Of overy citizen who has interest in tho pros
perity of our country. A Rail Road from this
place to Dayton has boon suggested, and SO far
us wo have heard IN expression meets with con-
siderable appropriations; while some who were ac-
tive in the projection of the Canal, deem it the
most desirable work.
There has boon already expended upon this work
about $3l 900, exclusive Of contingent expenses.
Five miles of excavation and embankmont COM
plotted, and considerable amount of clearing
and grubbing. A portion of tho work is some-
what wasted away and dilapidated, yet it would
require but small expenditure comparison
with the first cost to put the work in repair. The
work was lot at high prices. under extravagant
estimates. The contractors wcro required to
tako ono-third of the amount Of thor contracts
in stock of the company, and we are assured that
many Of thom made good wages thon. The
original estimate of the cost of tho work was a.
bout S4SO,OOO. Tho work could now be done at
discount of at least thirty three per cent, which
would mako tho cnnal cost 100000. Thero
has boon expended $3l 900, leaving $3.50, OOO.-|
II Is now proposed to raise fund Of 100000,
by donations Of money. real estate, materials
for tho construction Of tho work, and give it
bonus to any company who will complete the
work. Said company to have the canal in their
own right. This liberal bonus would loave but
$4,000 to be raised by tho company.
The charter is liberal one, and gives to the
company tho right to issue certificates Of stock or
scrip. We know that there exists a we'll ground
cd prejudice against issues of this kind in gener-
al AT tho commencement of the canal we OBJ
ected 10 the issue Of scrip, because tho real O..
tate which might BE- subscribed as stock in the
work. and upon which tho scrip would havo been
issued, would have been valued at high
price. far above what tho state Of the times
would justify. facts have subsequently proven.
Real estate, if now subscribed would DO appraised
mt a price which would at oil times command
purchasers-hence the scrip issued therefor
would be kept a: par or nearly 80.
Wo presume that each of the old stockholders
would will ngly relinqush all they have paid, to
any Company which will insure the completion
of tho work. Whittier tho proposed bonus of
100000 can DO raised is question are not
prepared to answer. But Of one thing we are
certain. that money could not be moro advanta-
geously expended and some of our citizens ex- !
press with confidence the opinion that the amount
could be procured. If the REIMBURSEMENT of old !
stockholders were made, and the bonus secured. |
could a company be found which would under |
take tho work! II it believed when the |
work was projected. it would yield profitable d
vidend, or even keep up repairs,and clear expen-