The Cadiz sentinel. [volume] (Cadiz, Ohio) 184?-1851, 1851-03-19

thousand dollars stock in the SteubesVille
and Indona Rail Road.
So far as we are individually concerned, We
care but little which way This question turns.
We think we know one thing, however, and
that is, Improvements of the kind cnntem.
pla,ed, generally advantage the citizens Of
communities through which they pass. The
principle Of township, or corporate subscTip.
iions, 10 objects of this nature, we leave 10
the opinions of our readers, not doubling but
that they are equally as capable as We are,
Of arriving at correct conclusion in regard
to il. Every man, under such circumstances
generally acts from motives of interest, and
he who believes that Railroad will increase
the business Of The town and township, and
hence raise the value Of property, wages,
&c, will, we suppose, vote for The stock, and
those who think differently, will vote against
it.
There is one thing we would say here:
Il was our lot TO be raised upon the line of
the Stale Railroad, in Pennsylvania. Before
il was made, or thought of, land, in the neigh.
borboOd we have reference TO. was worth
from fifty 10 seventy five dollars per acre
The Railroad had not been built and in oper-
alton six months until The value Of The same
land almost doubled itself. The reasons Of
this are obvious, and we need not trouble
our readers with them. An increased en-
terprise among all classes OF community-un
, increase in the value of products designed
, for marke-an increase of money among
the people, were undoubtedly among them.
We say this much from our own personal
knowledge, and without any inten. TO inAu-
J ence, in any way, public opinion in reference
to The taking Of the 100000 stock by this
township n, the April election.
, We would state, further, as matter Of in~
! formation "a some who may not fully UNDER
} stand The matter, that, from the bes, infOr-
} nation we have obtained IN regard to the
practical cftct Of tuking this stock, it will not
\ impose the burden, supposed by some, upon
0 the tax payers of the township. If the stock
D is subscribed, the Bonds will, ofcourse, have
' to be negotiated in some money market, al q
y y discount, perhaps, Of from 10 10 Is per cent,
0 aud subject 10 an interest, upon their face
0 pdlue, of from 6 10 8 per cent. But the COM
y pany doest not propose TO negotiate these
y y BondF all at once. 1t proposes, as we have
q been Informed, 10 put, say one third Of them
o in the market now-for The purpose OF gra-
0 ding The road another third year hence.
Tor the purpose Of putting down the rails
and the other third year after that, for the
!, purpose of furnishing the motive power, de-
. pots, &c. &c, when the read will be fully
completed and rendered suitable for business.
n Nnw, it is expected that when The road is
n completed, say three years from this time, i,
will not only pay the interest on these Bonds,
{" but afford handsome surplus, say 6 or 7 per
~ cent, loward~ their liquidation. If this be
- true, every one will see tina, The increase Of
taxation for the first year would be but very
81 slight, the next year il would be increased,
- and the third year increased; but that the
=, burden upon the township would, as soon ns
20 the road gets into operation, revert TO the
70 shoulders Of the company, and leave the town.
. ship entirely relieved. We have said whal
we have said in the abuve, for the purpose Of
); stating the question fairly, as ire understand
nc III and we hope that all will give US credit fo
;, what we claim in reference to this matter
h, stIici impartialty.
y For tho Cadiz Sentinel.
Rail Road WI eetiug.
Pursuant TO previous call the citizens o
Iry Cad;z Township convened at the Cour
!, House in Cadi2 on The 18th OF March, 1851
~ On motion OF S. A. Russell, Esq iht
meeting was cAllea TO order, and Waite
CT JamSon appointed Chairman.
w, On motion Of Charles Patterson, A. G
os. Turner was appointed Secretary.
an S. G, Peppard, Esq, moved that com
:, m,ttee consisting Of 'hree persons be appoin
|ne ted to daft resolutions expressive Of Thu
IAN sense oflhis meeting
ant The meeting appointed Dr. John NC cBean
n. s. A. Russell and James Haverield sau
committee.
-" After the committe retired, G. Dewey
'es' Esq, being called on, addressed The meein
hey for some time, showing and explaining III
s operation Of the subscription OF stock on Ih
ho, part OF tnIs Townshipto The SleubenvilIe an
=, - Indiana Rail Road, ard he great public goo
'he that must result to this community in III
We, completion Of this enterprise. Alter {
the Dewey concluded his remarks.
rlv DR.. John McBean, Chairman Of the con
- mitlee on resolutions, reported certain res
WV luiOns.
s. G. Peppord moved the adoption Of So
OBJ resolutions.
p,y I. G.. Vincent, Esq, moved TO strike o
= Nd the third resolutions aud insert the following
Resolped, That any amour, Of taxes III
rom may be voted in Cadiz Township on the CT
of ize rs thereof for the purpose Of building II
and SteubenvllIe and Indiana Rail Road, shall
rice paid by the persons voting for the same, al
no others; aud that the name o! he person
~" persons voting Tor or against said Tax sh;
ing, be inscribed ON tho back Of his ticket.
ford A, this poin, debate sprung up in whi'
hing t. c. Vincent, C. Dewey, J. McNutt,
hor g. Peppard, l.. Le~ton, Esg., aud l..