The daily union. [volume] (Washington [D.C.]) 1845-1857, 1851-11-09

non Oh dollars to the value OF their shares, and make
ne al al unes available investment OF capital
he same might be said Of all the southern railroads; o
What me measure would do for il would do for all
we again invite the attention OF the press this subject
ana nope lhe meeting will be fully aud ably attended
WASHINGTON, August 1. 1851
SIR Alter consulting many persons interested in the
principal railroads in tie United States, the undersigned
P,opose 70 establish agencies in this city and in New
York for the purpose OF collecting full and authentic rail
road statistics. and such other information will enable
them 10 serve persons desiring invest in railroad
MUGS ~ 70 procure information OF any matters connected
Win me construction and administration OF railroads
hey aso propose. especially, TO urge upon Congress
modhcaon OF the laws relating TO contracts for carrying
the man SO as 10 authorize the Post Once Department 70
contract Tor The perpetual of railroads. and instead oil
PAYING as now, quarterly contracts for four years.
advance "a I'VE per cent bonds Of the United States
chafseaoe upon The revenues OF the Post Oice Depart
ment. an amount the interest upon which at per cent
would equal The payments made
Inc government now pays $500 per mile for carrying
me mah on hrst-cass railroads This is per cent Oh
$1,000 The undersigned would urge that. instead OF
paying S5oo mile per annum, the department should de-
ve on contract IN perpetn'ty five 1000 bonds, bear
ing an interest OF I'VE per centum AT this rate, the
charge upon the department would be reduced from $500
10 T2oo mile per annum, and the 500 per mile saved
would create sinking fund, which viii in few years
pay OIL the bonds and give the OF such roads forever
thereafter Tree OF all chage-thereby eiecling vas
saving N The present annual expenditures OF the Posi-
Office Department. aud consequent reduction Of the
The effect will be no less advantageous to raroad
companies than TO the government For instance, such
contract would give TO the Baltimore and Ohio Railroad
Company more than ~ 100000, which would enable tba
company to complete the road at early day. and greatly
increase it's business and profits
But 10 meet objections, and impress the public mind
with proper sense OF the benefits 10 result from this
MEASURE will require concert OF action and continued &C
tive effort through the press and Otherwise The under
signed tender their services to your company expecting
reasonable compensation partly contingent upon the
cess OF The measure and respectfully suggest the pror
ETY. Of your sending delegates 10 this city,
the first Wednesday IN December next TO confer with del
egatcs from ctherraroad companies, the details Of
the proposed arrangement and the best mode OF bring
the subject before Congress.
Should il be your pleasure to accept OF serves in
this matter, we will promptly attend 70 all other hnsness
which you your company may have with the Post OF
flee Department, or other branch OF The government.
Hoping TO hear from you at your earliest convenience
we are, respectfully, your cbedient servants,
DUFF GREEN.
BEN. + GREEN,
RICHARD H. CLARKE.