Indiana State sentinel. [volume] (Indianapolis) 1841-1853, 1847-04-29

-----.-s---------
pay large dividends; as well as add immensely to the
annual productive value Of the S50,00O,OO0 already
invested, for indefinite number of years to come
and econonlize in an equal amount. by tile reduced
expense Of travel and transportation which must
result r's stp a.i e.'-s'et
But however demonstrate the vast Importance of
this road must be to all the counties here named the
committee are well aware they cannot be induced
by these collateral advantages to take the interest
IN carrying forward this scheme, in the proportion in
which they 10 be benefited; and the onUs Of the
undertaking, far il viii be borne in this State
must be done chiefly by The Counties Immediately on
the route of the road. among them. however, we
find some of The most popuous and wealthy counties
of the State, and il needs but to have the advantages
TO be derived from this enterprise 10 be appreciated by
some considerable number, that the burthen may be
thrown upon the greater number OF individuals en-
this amount Of stock to be taken.
To apportion the stock according to the dispropor-
tlonlte ability of those avorably disposed TO subscribe
perhaps result like the following might be OBJ
tanned.
Shares. Sab .4ggrseaG
would subscribe EACH 20 shows 100 $1,000 $4,000
would subscribe each. 10 shows 200 500 100000
would subscribe each, shows 400 $50 100 600
would subscribe each 4 shows 600 200 10000
would subscribe each lseg. s.hOw. 1900 10000
would Subscribe each ls.' shows 5000 so 10000
s6cO 100000
By which II coo shares of stock $50 each would
be dlffused among $500 stockholders and would leave
the majority of shares in the hands of small share
holders. But there many enterprsing along
the route of the road so determined to have it con-
sructed, that they will subscribe literally to its stock
and others again. who will do the same profta-
bic investment, that it is probable than 100 SUBJ
scrIbers will be had the average amount of whose
subscriptions will equal $1,000 and the same might
perhaps be said of the number whose subscription Will
average ten shares. Still the most assured reliance
will be upon the number of subscribers TO a small
amour, each. The pfebs6lo asauser in which the
stock viii be called in, will put it in the power Of al
most any to take from to FIVE shares, where
but ten dollars will be required upon subscribing, and
perhaps payment made thereafter at the rate Of five
dollars share every six months. And these install
ments will be paid out again, with perhaps much
more in addition for labor and material, so soon as
paid in; which, with the increased circulation it will
produce the enhanced price of labor and provisions
likely to result, will render 1t practicable 10 most of
those taking stock, TO meet their instalments it out
of the profits due In way and another to the OPP
erations the road. To the objection often made to
undertakings Of this kind that too poor, the
committee would reply, that poverty results from
want Of the facility Of reaching market, and the
way 70 remedy it is to direct our efforts to creating
this facility instead of multiplying productions,
as we have been doing for years. Give a ready
sale and at equal prices, we 4conpete with any
part oi tile world IN agricultural products; but
long must give about half of our surplus to
get the other to market, may envy but not enjoy
the prosperity which crowns the efforts of our more
fortunate enierprisng neighbaSe,sbess, however,
than the amount here hypothet6dfy allotted to the
counties interested In this road, in all probability will
be necessary, and if they will but take hold of the
matter at first organize efficient board of directors,
authorize the prosecution Of the work to the extent Of
the means at their control, under the direction of
competent officers, part of the road be put in
operation IN few months, when it will soon vndi-
cate Its claims TO public favor, and be successfully
prosecuted to n speedy completion. The committee
impressed with the conviction that the friends of
this scheme have it in their power, by concert of
action, disnerescdness Of purpose and unrelaxng
determination TO commence ii at once, prosecute it
without interruption, and complete it without delay
throughout It's whole contemplated extent, and its
great and lasting benefits will be rich reward for
the talents, enterprise and capital which may be ex-
haused in its e. ecuton. But whether this iudcious
course will be taken by those most deeply interested
living along the of the road, in the ratio in
which its benefits to be enjoyed, by which its vi
gorous prosecution TO completion might be secured at
once; whether the weight of the enterprise is to
rest upon the efforts of few enterprisng men, to be
pushed through as they can, 1t ought 10 be COM
menced now, however limited the means, remote
the prospect of so desirable result.
. In the absence Of any known road which would
serve in all particulars as proper example from
which To infer the probable business of this road if
cons ,ruced in the manner herein recommended the
tolls 70 be levied charges for motive power cost of
operating the road keeping in repair, &c. they have
relied upon the experience Of individuals calculations
of engineers operations of railways in various parts
Of the country State and national statistics and all
the authentic information within their reach mat
tiers relating to these subjects. While the committee
admit that The primary interest 10 be consulted
IN this great work should be the development of the
productive energies of the country yet those invest
ing their liz the stock Of the road are entitled
to have their interests protected promoted in de-
gree subordinate only TO the first. The more the
committee looked into the relative interests of these
parties, the better convaced they became that in
stead of conflicting by the plausible supposton that
high rates would be for the advantage of the one at
the expense of the other that 1T the mutual in
teres of both TO have low fare and charges on this
road. This arises from some advantages enjoyed BY
this road not commonly met with in those costing no
more IN the construction than it will. Running a
great tngth IN a continuous straight line without
grades or curves to restrict the speed power of the
engines; IN the control of one company fuel alum
dan and cheap throughout the whole route; dividends
limited to 10 per cent. all concur lessen the cost
OF operating the road and preclude the possibility of
high cIlarges.
In estimating the trade of the counties liable b.
whose traffic must be conducted this road has not
been thought necessary TO take parts of counties, as
IL Is not at all probable that population less than
that taken basis of calculation will contribute
their business TO lis support, and glance at the map
IN the direction and at the termni proposed will
show that if some counties have been taken into ac
count whose trade in part will take different direc-
ton than this road, others have been excluded whose
trade to great extent must centre upon IT, While
strip euua D miles ON either side of the road Ia