The Lancaster gazette. (Lancaster, Ohio) 1846-1852, 1851-03-13
che Gaufasttr Gazette.
Thnrsdny MornIng, March Ia, 1851

The RAILROAD OherW 8 fTOctaWd'
tioa.-The late act of the Legislature,
the Sherih's Proclamation and the cal
for private subscriptions will all be found
in our paper to day. 1t will be seen in
reference to this matter that, before the
county commissioners can issue bonds for
the benefit of the road, the people Of the
county must decide ia favor of subscrip'
ton aud one hundred thousand dollars
Of individual stock must be taken. In re-
gard to the latter, we trust it is not neces
sary to make any further appeal to our
citizens, and we shall confne the present
article to a few facts connected win
a county subscription. We have SO ire
quently filed our columns with articles
upon the advantages of railroads, that 1t
is not necessary now to repeat them
The present is in all probability the last
chance of SO curing the benefits of such an
enterprise to the citizens of our county
and it becomes them carefully and con-
siderately to examins the importan t qnes.
ton submitted to them and act upon it
as men, who have an interest in the pro-
gress of society and the prosperity OF the
mass of our people, and not merely con-
fined to self.
1t is proposed that the county shall take
stock to the amount Of $250,000. The
entire amount will probably be required
in the course of two ye'rs and a half
say 500. 900 the FIRST year, 100000 the
second year aud $50, 900 the third. The
interest on these respective sums will not
exceed seven per centnm per annnm, aud
it is now our purpose 10 show. as near as
we can, what will DO the cost to our riti'
zens. We will premise here that it is
admitted upon all sides that, when the
road is completed, the dividends will be
amply sufficient to pay this amount of in
,erest and leave a handsome surplus.
The interest upon the first $1,000
will be $1,000. The taxable property a
present upon the DUPLICATE of our county
which will doubtless be increased by Thu
years assessment, is 7,442. 1854, say il
round numbers 81, OO0. 600. The tax re
auired will be one mill upon tho dollar
The individual worth $1,000, will pay ont
dollar additional tax; the individual
worth $4,000, will pay three dollars; The
individual worth Sc, 900, will pay six dol
lars, &c.
The second years payment added It
The first will make 5000, 900. upon which
the individual worth $1,000. will pay tw'
dollars; the individual worth So, 900 vii
pay six dollars, &c.
The entire amount will be S250,00O
upon which the interest will be $1,000
For the payment of this, the tax will b.
Two mills and one half upon the dolla
of taxable property, The indivldu
worth $1,000, will pay w aud a half dol
lars. &c. 1t must be remembered tina
our calculations are all based upon III
valuation of 81, 600, 900, which will prob
ably be over SIS, 100000.
1t is now our purpose to show VIVA
the citizen will pay during the construc
ton of the road. for this purpose takin
several amounts, the tax upon which an
one can compute from the abnve figures
After the road is finished. unless all pre-
cedent is at fault, the dividend will b
amply sufficient to provide for The intel
est.
Taxable Property Isl year eldo. 3lln' Tot