The Evansville daily journal. [volume] (Evansville, Ia. [i.e. Ind.]) 1848-1862, 1850-05-18
Henderson and Nashville Railroad.

puOHSneu IN the henderson Banner, adVo-
eating this Railroad, and endeavoring to
arouse citizens to a sense of their proper duty
in this respect The writer, Mr.. Henry }.
Eastn, appears conversant with the Railroads !
of the State, and proves that almost every
other prominent section of Kentucky, has
aroused itself and is laboring to build up its
prosperity by means of these important I'M
provements. This is true, and we are sur
prised that the rich counties Of Henderson,
Hopkins, Christian and Todd, should not be
ready and even solicitous, to aid in every way
the building of the Henderson and Nashville
Railroad. We have before spoken and
warmly, Of the importance of this Road, and
urged it upon the consideration OF those d.
rectIy interested. Mr.. Eastn gives state
ment to show that it is in the power of those
counties interested to build this Road within
Kentucky We extract this portion of his
interesting letter, and earnestly call the at
tentlon of our friends in Kentucky to the plan
suggested:
The means of the citizens properly devel
oped, are ample TO build the railroad within
the limits of Kentucky. ! propose to submit
the following statement for the voters OF those
counties above named, leaving Todd county
out of the estimate as a residnary fund.- for the
certain iulflment Of the plan propose. The
/ first resource will be for the citizens of three
counties TO take $350O00 Individual stock
/ (by public meeting at such point as COM
mttee from the corporators shall hereafter
designate) to select and appoint a number Of
persons in each county. they being personal
Ii. Il, ylol.
line OF rad, and in the counties generally, to
subscribe stock in accordance with the char
ter.
The second is to request the judges of the
next August election to open a poll. and ask
each voter if he will be willing to submit to
a specific tax of one per cent. on the total
value of property in the three counties TO be
applied Ga majority voting for it) either as a
fund to borrow and pay the interest on such
sum as the President and Directors of the
Henderson and Nashville Railroad company
shall deem sufficient to construct said road,
or to construct the road with such stock with
out borrowing. The amount thus raised from
a specific tax of one per cent will be thus
shown. end must be assessed for 10 years each
tax payer to hold stock to the amount of tax
paid.
Total value of taxable property in
, Christian county 5153 Cos
Hopkins '' 1860 sos
Henderson 3943 1872
Total valuation for 40 aggregate $40, 957, 35;
I One per cent on this same sum
will be $1O9,573 5;
This sum will pay the interest at
6 per cent on $1926 225 81
} Which will certainly construct the road il
the State of Kentucky. without the $35000(
Of individual stock this Individual stock
shall propose as a sinking fund. TO be set apar
and held sacred by the corporation. until the
profits of the road shall redeem the bonds
! sold for the coRstructon,-aiter paving the
! stockholders per cent interest on the invest
ment of $350000 1t will be useless TO give
in this place the proba bic profits Of the road
for It's success depends entirely upon lht
quality of the road, but can safely say ii
: the absence of correct data, that the soutl
end of this road through Georgia and Soutl
Carolina is paying dividends fully equal II
any continuous line in the United States, AM
it is but reasonable to believe this portion vii
f. yield as much as the rest.