The southern press. [volume] (Washington [D.C.]) 1850-1852, 1851-12-05
DUFF GREEN, BEN. 4. GREEN.

attorneys at Lar, Washington CITY, ID. C..
DRACTlCE in the Supreme Court OF the
IL United States, and in the Courts OF the Dis
trict Of Columbia and attend promptly to all
claims against the United States, or Foreign Gov
ernments.
WAsHINer ON, august 1, 1851.
SIR latter consulting many persons interested in
the principal Rail Roads in the United States, the
undersigned propose to establish agencies m this
city and in New York, for the purpose of collect
ing full and authentic Rail Road statistics and
such other information will enable them TO serve
persons desiring to invest in RAILROAD securities
to procure information ofany matters conn ected
with the construction and administration of Rail
Roads. They also propose, especially, to urge
upon Congress a modification of the laws reiat-
ing to contracts for carrying the mail, so to au-
thorize the Post Office Department contract for
the perpetual use of Rail Roads, and, instead of
paying, AS now, quarterly on contracts for four
years, to advance IN five per cent. bonds of the
United States, chargeable upon the revenues Of
the Post Office Departmental amount, the in,e-
rest upon which at 6 per cent would equal the
payments now made.
The government now pays $500 per mile for
carrying the mail on first class Rail Roads This
is per cent. on $4,000. The undersigned would
urge that, instead of paying $500 mile, per an
mum, the Department should deliver, on acontract
in perpetuity, five 81 900 bonds, bearing an nte-
rest OF five per centum. At this rate the charge
upon the Department would be reduced from $500
to $3.50 mile, per annum, and the $50 per mile
saved would create sinking fund which WILL in
fewy years, pay othe Bonds, and give the use ofsuch
roads forever thereafter, free of all charge there
by etfectIng vast saving the present annual
expenditures of the Pc Office Department, and
consequent reduction of the rates of postage.
The effect will be no less advantsgeo TO Rail-
Road Companies than to the government. For
instance, such contract would give to the Balti
more and Ohio RAILROAD Company more than
81, 600 900, which would enable that complete its
road at early day, and greatly increase its BUSH
ness and profits.
But to meet objections and impress the public
mind with proper sense of the benefits to result
from this measure will require concert CT action
and continued active effort, through the press and
otherwise. The undersigned tender their services
10 your Company, expecting reasonable COM
peDsalion, partly contingent upon the success Of
the measure and respectfully suggest the pro-
prIety of your sending one more delegates to
this city, on the first Wednesday in December
next, TO confer with delegates from other Rail-
Road Companies, as TO the details of the propos-
ed arrangement and the best mode ofbrnging the
subject before Congress.
Should it be your pleasure TO accept Of our
services in this matter, we will promptly attend
to all other business, which you, or your Com
pany, NAV have with the Post Office Department,
other branch Of the government.
Hoping to hear from you at your earliest con-
venence, we are, respectfully, your obi servt is.
DUFF GREEN,
BEN. f. GREEN,
Noy 90 a.