The southern press. [volume] (Washington [D.C.]) 1850-1852, 1852-02-07
DUFF GREEN. BEN. Z. GREEN,

.Hto'neys at Lao. Washington City, ID. c.
DRACTICE in the Supreme Court of the
Il United States ana in the Courts OF the Dis
trlct Of Columbia ana attend promptly to all
claims against the United States, or Foreign Gov
ernmens.
WAsHINcToN, August |, 1851.
SIR :-Afer consulting many persons interested in
the principal Railroads 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 serve
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-
ing to contracts for carrying the mail, to
thorze the Post Office Department to contract for
the perpetual use of Rail Roads, and, instead Of
paying, as now, quarterly contracts for fou.
years, to advance in five per cent. bonds Of the
United States, chargeable upon the revenues Of
| the Post Office Departaent,an amount, the int.
rest upon which at per cent. would equal tt
payments now made.
The government now pays $500 per nile
carrying the mail on first class ll-Roads. THIS
is 6 per cent. $1,000. The undersigned would
urge that, instead Of paying $500 mile, per
mum, the Department should deliver, on acontract
| n perpetuity five 81 900 bonds bearing an inte
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 ii
fewy pay othe Bonds and give the use ofsuch
roads forever thereafter, free of all charge there
by effecting a vast saving the present annual
eX penditures of the Pc Office Department, and
a consequent reduction of the rates Of postage.
The effect will be no less advantageous Rail
Road Companies than to the government. For
instance, such contract would give to the Bati-
more and Ohio Railroad Company more than
~, 900 900, which would enable that complete its
road at early day, and greatly increase its bust
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 OF action
and continued active effort, through the press ana
otherwise. The undersigned tender their services
to your Company, expecting reasonable COM
pensaiion, partly contingent upon the success OF
| the measure and respectfully suggest the pro-
| prety of your sending one or more delegates to
| his 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 ofbringing the
| subject before Congress-
| Should it be your pleasure to accept Of our
| services in this matter, we will promptly attend
| 10 all other business, which you, or your Com
pany, NAV have with the Post Office Department,
or other branch Of the government.
Hoping to hear from you at your earliest con-
veGience, we are, respectfully, your ob't is.
DUFF GREEN,
BEN f.. GREEN,