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


1t is believed that this is liberal estimate, and
many will be likely to regard X as too high. The
leading items such. as be estimated by any
and all stated be subject to the scru-
tiny and correction of those better inor ned such
matters than the committee claim to be- On, the
earth work. though greater in amount for the railroad
than that for the ysafnbsEland Road, the grade of
which, In no place, exceeds four degrees the addI-
ton Of oue-half more than that estimated for the
latter is believed to be a fair allowance; and ii is
probable that earth be removed cheaper than
at the time this estimate was made in 1923, when
men had little experience In work Ut this kind. That
the masonry will cost more now is assumed for
reason that the amount of such work must be nearly
equal both cases. and from the more accurate and
extensive knowledge of the region of country through
which the road passes, materials can probably be had
some of the most expensive mechanical struc-
lures than was then supposed and in most cases
where they will have to be brought from Distance
the more thorough opening of roads and increased
settlement of the country will admit it to be done
reduced expense. The great abundance Of good tim
Der throughout the whole route. would seem to make
1t plausible that the estimate. s,rsthe wooden super
structure Of the road made too HIGH but placed
in accordance with the opinion Of an experienced
engineer.
To those who may consider this estimate too high,
the committee would remark, for reasons already
given and others vet to be offered, that railroad
adequate to the business of the country should be Of
the first class of roads; and this contemplates a
double track of the road graded, a single track fin
ished in the best manner, with heavy edge rail,
and completely furnished with engines, cars, and all
the appurtenances necessary the demanGs of great
tboroughfare. 'The grounds Of every expenditure
railroad should be, that the amount of saving
thereby induced shall than counterbalance the
interest the increased cost" Not being exposed
to competition, and tending augment and multipl,
annually the employmenis of the business of those
VINO relied for its main support, and to attract
further accessons TO the population throughout its
whole extent, the best road here will also be the
best paying road and thus .'more than connterbal-
ance the interest on tie increased COST When II Is
considered how much the business of road leading
through extensive and rapidly improving region
OF country, connecting important commercial points
at its termn and geographically situated to attract
the travel and trade that must always exist between
the commercial and manufacturing cities Of the At
antlc States and the immense grain growing district
west of the Alleglanes will depend upon the rapid
ty, certainty and safety of its facilities; it would
seem TO the committee short sighted policy to re-
strict - capacity by parsimonious economy in its
construction.
The committee consider that II would be entirely
safe to that if one-fourh of the stock of the
-. Louis and Cincinnati Railroad will be taken by
counties through and adjacent to which II will pass
that the remaining 'hree-fourths will be taken up
abroad Whatever amount short OF this might not
be subscribed could be borrowed on the credit Of the
company, after portion of the road shall have been
completed and in operation; procedure which it
mi cat be their interest adspt without this contin-
gency. Taking 81 100000 sssznost of the roed
from ESmilton, Ohio. to Terre Haute, Indiana and
II gives in this ratio 800 900 Of stock 10 be thrown
upon twenty counties in Indiana, and two in Ohio,
having population Of 375. 900 souls and tazables.
real estate and personal property. amounting to
s50.000.0O0 The subioined table marked A) gives
these countess with their taxabes reported BY the
Auditor Of State 1915 Preble and Batter counties
Of Ohio being estimated This gives less than two
dollars u each inhabitants and less than one and
half per cent on the faxables. Assuming the $780,
600 70 be sunk In the operation. would the benefits
which will be conferred by the construction If this
road be AZ equivalent for the loss! But the commit
tee feel warranted in saying that this investment viii