The southern press. [volume] (Washington [D.C.]) 1850-1852, 1852-02-11
DUFF GREEN. BEN. Z. GREEN.

attorneys at Lao. Washington City, d. c.
B1RACTICE in the Supreme Court Of til,
Il United States, ana IN the Courts ofthe Dls
trict Of Columbia ana attend promptly to all
claims against the United States, or Foreign Gov
ernments.
W WASHINGTON, august l, 1851.
SIN AFTER consulting many persons interested in
the principal Rail- Roads in the United States the
undersigned propose to establish agencies in 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
persons desiring to invest in Railroad securities,
or to procure information ofany matters connected
with the construction and administration of Rail-
Roads They also propose, especially, to urge
upon Congress modification of the laws relat-
thorize the Post Office Department to contract for
the perpetual use Of Rail. Roads, and instead Of
paying, as now, quarterly contracts for four
years, to advance in FIVE per cent. bonds of the
United States, chargeabe upon the revenues Of
the Post Office Departmental amount the inte-
rest upon which at per cent. would equal TT :
payments now made.
The government now pays $500 per mile for
carrying the mail on first class Railroads. This
is 6 per cent on IS, 900. The undersigned would
urge that, instead of paying $500 mile, per an
mum, the Department should deliver, on acontract
perpstuity, FIVE 81 900 bonds, bearing an int
rest Of five per centum. At this rate the charge
upon the Department would be reduced from $500
to $3.50 mile, per apnum, and the $50 per mile
saved would create sinking fund which will, in
fewyears pay offihe Bonds and give the ofsuch
roads forever thereafter, free Of all charge there
by effectng vast saving on the present annual
expenditures Of the Pc Office Department, and
a consequent reduction of the rates Of postage.
The effect will be no LEES advantageous TO Rail
Road Companies than to the government. For
instance, such a contract would give to the Balt-
more and Ohio Railroad Company more than
81, 900 900, which would enable that complete its
road at early day. and greatly increase its BUSH
ness and pr hrs.
But to meet objections and impress the public
mind with a proper sense Of the benefits to result
from this measure will require concert cf action
and continued active effort, through The press nd
otherwise. The undersigned tender their services
to your Company, expecting reasonable COM
pensation, partly contingent upon the success OF
the measure and respectfully suggest the pro-
pretty of your sending one or more delegates 10
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 ement and the best mode OF bringing 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
psnv. NAV have with the Post Office Department,
or other branch Of the government.
Hoping TO hear from you at your earliest con-
venience, we are, respectfully, your ob't serv'ts.
DUFF GREEN,
BEN. E. GREEN,