Indiana State sentinel. [volume] (Indianapolis) 1841-1853, 1848-03-09
For the Indiana State Sentinel.
Indianapolis and BeIfOntaine Rail
Road.

In my previous numbers designed calling the at
tention of those Immediately interested to the con-
sructOn of this road and very briefly to present its
claims our support n great leading thOroughfare
from the Atlantic cities of Boston and New York,
St. Louis | wish in this number TO direct the reader
the Importance Of this road to the interest of
commerce. between those cities and the great central
west 1t may safely be assumed that the proper con-
nection of the commerce of northern, central, and
western Indiana, is east with the cities of New York
and Boston, rather than south with New Orleans.
Our articles of export mainly wheat, corn, -four
corn-meal beef, pork bacon and lard, all OF which
considered extra perlshabe IN southern cline,
and who has compared the prices current of
our produce at the cities of New York and Boston,
with those OF New Orleans, can have failed to see
that the prices at New Orleans at an average of
full twenty per cent lower than the New York and
Boston prices and this disparity must be still greater
every year. 1t is obvious that the market at New
Orleans must annually become more and more glut-
ted, with tile rapidly increasing produce OF the I'M
mense valley of the Mississippi, the most of which
will of course float upon the current OF that mighty
river to that city. see 1t stated that I" in the year
1916 the receipts at New Orleans from the upper
country Of the Mississippi amounted to $4,000, 600"
What will they amount in ten, twenty, or fifty years!
who can estimate them and yet this immense busl-
ness owing TO the unhealthness of the climate there,
in the warm Of the year, must all be done in
comparatively few months. With these facts stare
ing In the face, who fail to see that we shall
cultivate eastern market for produce and who
look at the connected masses, and fail to that
this road is the proper and necessary link in the
chain Of direct communication, between those eastern
cities and central Indiana, especially with knowl-
edge of the facts stated in my former articles that the
railroad from Sandusky the Lake. to Bellefontaine
is nearly completed that liberal charter for rail-
road from the latter point to the Indiana State line to
intersect this road has been granted by Ohio, and
that link will be constructed without delay, that this
road can be constructed a: less expense than any
other road contemplated of the length, and that
it's completion will give the most direct and con-
nected communication from Madison, and ST. Louis,
to the cities of New York and Boston. Will the
business of those cities the proprley Of CIV
ing US efficient aid in this effort open them
immense and rapidly growing trade. so mutually
beneficial TO both: as the proceeds of our produce
will of course pay for their merchandise for
sumption.
iii shall be asked whether the stock in this road
will be good, and pay fair dividend, answer that
in my judg ment 1t cannot be otherwise when we look
to other works of the kind, possessing very few Of the
advantages of connection and location Of this road,
and see the high rates of their stocks, the immense
business they doing, aud the large dividends they
making, am not permitted to doubt in the mat
ter Of this road. learn that the stock of the Madl-
and Indianapolis railroad is current at SOL, for a
shave of $50, making the advance above % per
cent? and that the company have recently declared a
dividend of per cent for the last six months equal
dividend of Ia per cent. for the year, and yet the
business of that road is but in its infancy and must
be vastly increased annually From this actual result
we may infer what the stock Of this road will be
worth to the stockholder when the whole line is
strUcted.
now take leave Of the subject for the present,
thanking you for your courtesy in giving my brief
tcles place in your paper. 3.