Portage sentinel. [volume] (Ravenna, Ohio) 1845-1854, 1849-03-28

that the interest shall be paid without
charge to the County. So too, when "they
give assurances that the funds necessary DO
procure the iron and complete the Road
will be furnished by Eastern capitalists as
soon as the line on the middle division 10
ready for the superstrueture," my friend
would say that there is no comparison be.
tween the assurances Of these Directors, and
his guesses; that in such matters, the ma.
hcious surmises Of "one man" are much
more to be trusted than the word of honor
of respectable citizens. %
awe want better evidence than single
assertion to satisfy us, &C." My friend has
no desire that single assertion should not
satisfy you as to the present value of Knox
Co. Bonds.
"Suppose for moment this statement TO
be true, on what terms is it supposed these
Eastern Capitalists will furnish the fundsl
1t cannot be expected they will come in on
a par with the present stockholders; no
such thing is supposable. The fact is they
will dictate their own terms-'beggars will
not be cheosers' and rather than lose what
they have done they will be obliged to put
in their work at half its cost, and such a
bargain as this cannot be accomplished un-
til the road is ready for the superstructure.
Ifmy friend were to explain this para
graph himself, he would perhaps do it as
; follows: "In my protracted meditations on
the zone man power" and the @cow-pasture"
became very much detected; SO much SO,
as to become not little incapacitated for
81 Distinguishing between truth and falsehood.
1t seemed to me true, in that state of mind,
that those Eastern capitalists would net
come in on par with the present stock
holders, but hoao it was true did not per-
ceive, and in writing that article, I fear 1
told very little bit of -. / knew
very well that stockholders in taking stock
calculate pretty closely the dividends likely
; to be made in work when constructed |;
: and that when Road or canal bade fair to
pay fifteen per cent, they would be as
> likely to oyerbid on share in order to
make good investment, as to force the
'present stockholders" to an under sale.
knew all this; and besides, did have some
faith in the assurances of the Directors,
though in my depression of spirits, tried
to persuade the county that their promises
d were all "humbug." But what could a
, man do, overpowered as was by my sad
!, meditations interest of the Long
}, Bridge, the Gone man power" and my own
n disconnected and rejected "cow-pasture,
driving me to distraction What said,
too, Of the leanness of the present subscriP-
r tons, and the slow progress of the work, l
t frankly confess, was all meant to throw
S dust in the eyes of the people. That sneer
!, at "soulless corporations" gives me more
: compunction than all the rest, as reflect on
: the matter. have always beena jealous
r advocate of Banks and monied institutions,
Il and I should dislike it extremely, if by any
it unguarded expressions of mine, the people
$ should have their suspicious aroused, against
n my honesty. And when | said that the
i people would like to see an exhibit of the
Y, affairs of the Company l knew very vel
lie that the Company had left no means untriet
to bring all its affairs to the cognizanee o
:: the people, and keep them well-informed o
Al their operations from the first. But If th
l. voters of the county had the interests o
$ Franklin-near-the-Bridge as much at hear
1t as l, they would pardon my zeal in opposi
u ton to. the Rail Road. Those remark!
er about the stock of Knox Co. were all invent
Is ed when wasso much depressed in think
re ing of the "cow-pasture!"
ot Such would be my friends explanation
of his remarkable article, venture TO hope
= if his modesty would permirhim to offer an,
at sCitizens of Portage, look to this matter,
1t as my friend says, and do not be bamboo
1t zled by any fears for the division Of
: OUR COUNTY.