Richmond palladium. [volume] (Richmond, IA [i.e. Ind.]) 1839-1854, 1846-04-21

some approach to accuracy. They should not
for NIL salaries, repairs of Road. machinery, and
contingencies exceed 80 per cent. of the recoipts
adding per cent. for the expenses of the plane
These allowances will, hen the Road is compile
ted. ADM, Of ID per cent. cash dividends. provide
for renewing tho bridges, and the gradual subsi-
tuition Of tho edge rail, where lighter one IS
now used. For this substantial addition 20 the
va!uo Of the Companys property. stock dlVl-
bonds, as heretofore, may also be made
Asauyary to this Road, II IS understood, that
a branch from Edinburgh to SheIbyvlllo - miles.
and another from Franklin 10 Martinsvillc. 20
miles, arc in contemplation. These, and perhaps
other branches. WILL at no distant day be con-
s,ructcd. The former has an organized board OF
directors and stock subscribed, for the most OF
The rradnp and superstrnciurc. Tho route has
been surveyed, and presents 4 surface. thai VIII
require tllo for excavation, cmbanktncnf. or
bridges, and q Road may be constructed on It as
cheap any work of the kind has ever been.
The facility - also great for this branch 10 be OK
tended to Rushyille. and another TO Greenfield
There is nso said to be very favorable ground for
the Mariinsyile branch. Littlo can now be done
by this Company in aid of these projects, but II Is
believed, assurances may be gwen, that The mo-
tive power and will DO furnished either
nratuitous,v, or for n small compensation. III con-
sidcrn,ion of tho increased busienss brought 10
this Road. As tho cost of purchasing and keep
ing tho machinery on short Roads, IS much lar
ger in proportion. than on long ones, tins woald
furnish tho most efficient aid, expense to tins
Company, Of less Than half Of VIVA. would be re-
uuircd of n independent Company. If all VINO
are interested IL tho Roads referred to, would
unite in completing them, they would DO moro
than compensated for their outlay, without refer
cncc TO tho tolls. Tho additional yearly value
given by tho Road, TO tho hay, grain. apples, &c.
W hich the counties of Shelby and Morgan may
produce. would almost pay for the whole, that
would DO required of them
3 II objected that tSOad5
tho prosperity of towns through which they pass
and many instances havo been named. MS
may be tho case 10 somo cXsont, as to certain
kinds of business. Whcro there arc groat tacI-
litics for travel and conveyance. tho tendency OF
trade is 10 tho largest and best market, and ihorc
is no doubt that the profits of many Of tho retailers
in tho small towns arc diminished by Railroads.
But if they would accommodate themselves TO
tho now state of things. if mechanical and manu-
featuring business and trado IN produce, adapted
to tho wants of tho country were encouraged there
would be no for complaint Tho industry,
enterprise, and improvement of tho whole COM
rluni,y ought not to DO keep. back for the benetlt
of either largo small dealers IN goods and
groceries. When houses built merely for
merchants. with tho expectation of high rents and
high profits. tho result must DO dIsnpPoI'itnent,
and business anl travellers will merely pass
through. As the ornaments of 4 large building
If added ut all, should not be, until the stone.
brick mortar. and other coarse though usoiui
materials put IN their proper places. SO ulpro-
Glabc incrv, too common in largo cities should
not b. prominent in small ones. " hen tho caps
iaIiss and large property holders in towns aoJolh-
ing Railroads. do not encourage Improvements
they will look for them in vain. Ihoy must
mako vigorous effort to profit by tho new and
perhaps rough business best adapted TO tho CIR
cumstanccs, tho beautiful. healthy, and roman
tic situation. will have little else TO recommend IT,
/ When wheat transported on tho Railroad must
aftcrwa rds be taken away from is proper market
to 10 manufactured; when cheap froishts are not
equivalent to tho enhanced prices of articles TO be
purchased, and when more accommodation can be
/ found elsewhere. not only tho town but the Rali-
road mus, suffer. The truo interest of tho ono Is
| 10 advance tina. Of the other. Let this prin-
! cpc be KEEP, in view and acted upon In Madison
and tho city and tho Railroad may both be the
/ pride and boas: of Indiana.
/ In this Report it has been tho object TO state
truly the difficulties that have boon and are TO be
met. we'll as tho advantages that may be ex
pcc,ed from the completion Of the Road. The
former was necessary for the characters of those
who have boon concerned in managing i and
the latter s bat fam. picture OF what the future
i will moro than realize. S. MERRILL.
President and Super intendent.
/ r. Il. OrrICE. Fob 20 1916.