Richmond palladium. [volume] (Richmond, IA [i.e. Ind.]) 1839-1854, 1851-07-23

lumbus this year. or early next year. and
we are glad that the vote is to be taken OH
the proposition at an early day. Every
days delay is so much lost. and let Us
but once open communication with and
divert the trade Of central Indiana to this
point, and we defy Cincinnati or any other
place ever to wrest j; from us.-The open
ing Of the Jeffersonville road will work a
greater change in the business of Louis
vile than the most sanguine friends OF the
enterprise have any conception Of"
6TThe Kentucky method Of raising
money with which to build railways. is
one OF the best schmcs Of modern finance.
10 our mind 1t makes capital tributary
TO human industry. instead Of being its
despotic master. exacting. continually. a
large revenue instead Of going into
Wall street. with bonds and being put
through the costly machinery at the ey-
pense Of an ample shave ITO pay ey-
ppnses" Certain counties that desire TO
make a road vote to tax themselves. To a
specified amount annually. TO make a
road. each tax payer receiving therefore
stock in the road. which they can keep or
sell at his option. II is an investment for
his own permanent benefit. drawing IN
terest As an Illustration. we give below
extracts from the Louisville Courier. IN
regard to the city's subscription to the
Nashville Railroad. The ordinance has
been passed by Council. and the people
are to vote upon it. The Courier says:
The frs, subscription authorized in the
ordinance is one thousand shares Of one
hundred dollars each. by way Of organz-
ing the company; and thc.prxt sub>crlP
ton is TO be made under conditions in
terposed to protect the people from being
embark ed in the scheme without assist
ance from others as deeply interested.
To paw tor the frs, subscription of
100000, a tax Of 10 cents on the SlOO
is levied. TO be first collected in 1889 To
paw fur S4OO 900 Of the second suhSrr'P
ton, q tax Of 40 cents on the SloO Is
levied to be first collected in the year IN
which the stock is subscribed Tor. 10
nav for the other $500 900. the city issues
bonds for that amount at 80 years bearing
interest 6 per cent. per annum. and 20 pay
the interest on these bonds up TO the time
Of completing the road. tax OF 10 cents
on the 300 is levied These are the only
taxes authorized to be levied in the ordi-
nance. the payment of the principal OF
the bonds being secured by pledge OF
the city revenues. with express authority
to sell the stock so paid for this purpose
This extract will give a correct general
idea Of how Kentucky. in many instances.
raises money for internal Improvements.
The issue Of bonds by the city corpora
tion is q relic Of the old system. and
should not have been used.-Admitting
that the farmers will sell their stock GER
tifca,es a, a heavy discoun,-say twenty
five per cent-the result will still be adj
vantageous. as that discount will be the
obly tax pad. and they are clear OF future
taxes. with a good road
With this system. il is clear that mo-
derately rich community can make
great many roads at very light cost.
No MARRYING ALLOWED IN Iowa FOR
TH,xrY DAys!-We are informed that
under the new code which went INTO elect
on the Ist inst. marriage licenses can only
be issued bv the County Judge-and that
during the time which will elapse from the
taking effect of the law and the election
OF the Judge-a month off yet-no pro-
vision Whatever has been made authoriz-
ing clerks ofihe District Courts. .as hereto
fore. to make out the necessary "docu
menis."
MS Is 1Oke. as ~ JVNr. dfIu ottt
which will probably be felt as pretty seri-
Gus one in some quarters. II. however.
parties cannot wait. and prefer to have the
law on their side. they have the oPportu-
nity Of crossing over into the States Of
Missouri. Illinois. or Wisconsin. against
which privilege. we believe the new code.
in the haste Of preparation. neglected to
provide.
A correspondent writing to the Wash
ineton Republic from Detroit. says that
Gen. Cass gave VIM. H. Seward q splen-
did dicner. shortly after Stewards arrival
in that city. 10 defend the railroad con-
spirato.s who had been indicted for arson,
&C.. &c.
Another shock Of IN earthquake was
felt at Copiapo. Chilli. on the Goth Of May.
I, ~as more severe than that which occur. I,