Richmond palladium. [volume] (Richmond, IA [i.e. Ind.]) 1839-1854, 1849-01-17
For the Palladium.

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-. ,,vors Of Mr.. Erwin is now before me-
LIZ Il, DELAY created slight Disappointment
a.~e,peion has been source Of exeravagan'
-saeasjou. il 10 . cIesr, explicit. intei'g'O'e
ID u.ssssiy production, we'll worthy 'ne mig"
.,..e,sion Mr. Erwin enjoys. Of being sk'''"''
...d;d. and iudicious Engineer. And the map
- ,,sfis .eeempsn wing, tho work OF S'r: C'ny
-. n, re esvded ~ III - an elegant P'ece %
L.L,..,.s;,. ON which our whole PROJECT IS
,...,;fuIiv portrayed. II skill, neatness and
..;.ou. in the outlines, calculations AMI draw
-. of soci m enterprise. can give aad'"ona'
farce 10 those interested, there Is sure
...;.. ,sf, to he added to the work Of those
gentlemen.
...,.., and important features of this en-
,...nt themselves in varied form,
e., almost bsffied in attempting to strike
.oa,,. that shall at once embody the force
.o.nd reflections. ! know how tena-
n. generality Of mankind cling to mon
~. how fondiy and sxaitingiy they 'eho'o Tue
.,,.da.I accommodations Of industry, which, prom
=. f.,urc wealth. These appear. in reality, to
:. ~. law, Of our nature. / fully appreciate,
~. .,s difficulty Of persuading men to embark
..,soip. tangible, present cash, in an untried, un-
,,.lzsd unde rtaking; an undertaking, which
,louei ever SO feasible and essential, still does
1T reflect that ri lite ring charm. of actual, po-
sential. money.
A. q community our interests are one, as IN
a,idssIs they are diversified though dependent
Whatever promotes the general welfare OF soci-
CIV. is public cool, whatever circumstance
gives scope to my particular interest, is TO me
W.. havs then these two tuter rests 10
,dvanc. and protect, but we also have u multi
tude Of minds that operated upon by differ
ept conside rations. With one class of 'ndivid-
nails, public advancement, with its distr'b"t've
and relative benefits, is sufficient to inpei them
10 action With another, private gain alone can
arouse their energies. And there is yet another,
. monde script, s"i generis smiling, easy, in
sidious complainant class, who caro- nothing
about public or relative interests. only as the re-
Issiou exists in the first person singular. Those
garner from the msfortunes and necessities Of so
ciety and are usually seen lurkin. about the
wrecks Of rotten concerns and the like. But
for the credit Of my race, am happy to think,
chat those human jacaas are fcw. and like their
prototype, only become terror to the living from
their capacity 10 rob the sanctuarics of the dead
To those, then, who are governed by public as
we'll as private interest. il appears 10 me that the
project Of railroad from this point to connect
with Cincinnati by the way OF Eaton. IS one III
which every msa may safely embark his capital
In the first place, there is 40 channel Of co'nmu-
sicasiss, nor is .Iere likely ever TO be one, that
vill come in coupe tition with the road. and the
essssausnce IS that all transportation will be
cssJsctcd ON IL. AMI were to suppose tina,
arreat Eastern and Western or central trunk
would ut some future day be made, still. with
sus proximity to Cincinnati, and her necessity
for and determinations to protect herself, she
would always find means to offer such in
dscesenis, Us to make it profitable to to trade
u that emporium. For no man thinks that that
city can ever dec,iuc. or be less than she
b, the great centre Of Western trade. IL New
YORK and Phiiade p,a connected with
The West by means Of railroad, the competition
would not affect Cincinnati materially. because
they wouiI not do thin Offer the farmer
tho Eastern price for his produce less the carri-
age, and Cincinnati could and would do the
same, ana could offer the additional intueemc nj
u enabling the produce dealer to convert his
eo,nmodity into cash in shorter time Again,
the nearer the market il to u.s. all other things be-
ing equal, the better II ls for the Teason that at
any moment Of time we may take advantage Of
u rise in the commodity. From this pon, to
Cincinnati we can transport and get return in
six hours, to New York or Philadelphia almost
as many days. Perhaps, to day, wheat. say. is
worth one dollar in Cincinnati, and one twenty
five in PhiIaielpha, we can in six hours have
the money in the Cincinnati market To-mor-
row il declines in Phiadelphia to one dollar, the
- ri nd Al
Here then is tis difference in produce shipped
at the same instant.
Again, the stock in this road will nett to each
holder, fifteen per cent. Now suppose we do
not get road. your money will yield you under
the laws Of this State if loaned out. only six per
cent In three years you will have received
eighteen per cent. Now suppose make a
road which i'm the third year begins to make u
profit. For the third year you Will receive d.
,ideud Of fifteen per cent. Now it is true, that
during the two years the road being con-
structcd. your money was idle, paying you moth
ing. The third year you get fifteen per cent
Here you lose Of simple interest, three pc
But now we come TO the fourth year. The uc-
count will stand thus:
Simple interest years, % per cent.
Railroad divide nds 2 years, 80 " -
balance in favor Of railroad six per cent. And
then you have a permanent source Of profitable
invssime mt, and all the exiraneous advantages
of this great work besides.
According to Mr.. Erwin's report. n road can
be made from Richmond to Eaton for 81 ,57S,-
SO, if We the plate rail; and S2l0, 100 -, ii
We use the n rail My opinion is, that it is our
policy 10 adopt the plate rail. the reasons for
which may appear at another time. Suppose the
plate rail adopted. We then have a project pre-
scented TO US which can be accomplished for
$l70.57S.SS. And these are not mere idle fig
urcs used TO allure, as Il certain other gentle
mans, "whom we wot Of were to deceive aud
terrfy. but such. rs We assured by Mr.. Er-
~in, will meet tho appreciation Of contractors
We already have subscribed in this road $50 900
which will be doubled by the same su5sc rih-rs
announce this advisedly. Here then forty