Kenosha telegraph. [volume] (Kenosha, Wis.) 1850-1854, 1853-01-28
THE MAns.@Thereis a wrong somewhere

80 HE MAILs.-Therei IS wrong somewhere
in the Post Office between this place and
Madison. Our papers for Madison go out
regularly on Fridays by the way of GAINESVILLE
or hy the way.of Milwaukee; and by either
route they should reach Madison on Saturday
evening, but instead Of that, we are inform-
ed they do not reach Madison until nearly a
week after being mailed here.
tsOTHl S. iDURAND, of Racinei President of
the Racine and GAINESVILLE Rail Road Company.
publishes address through the columns of the
the Walworth County Journal to the citizens of
! Walworth County, on the subject of the contem-
| plated Rail Road from Racine to Rock River
| Mr.. Durand asks the people of Walworth county
to furnish the of 500 900 TO aid in the build
ing of the road. He suggests two plans by which
| this can be done. The first is, for the Super
visors of the county subscribe for thousand
shares of stock at 500 each and pay for the same
in the bonds of the county, running twenty years
with seven per cent. interest. The other plan is,
for the county to loan its bonds in the above sum
to the Company, and take mortgage on the road
for security. If the former plan should be prefer
red, Mr.. Durand says ''the county would receive
the dividend on the stock, and provide for the in
terest on the bonds in the latter case, the Com
pany would hold the profits on the stock and pay
the interest on the bonds" In either case the
Company agree to provide for the Interest on the
bonds until the road is finished and in running or
| der
| MIR. Durand assures the people Of Walworh
county, that he Is confident the earnings of the
road will be sufficient to meet the interest on the
investment and that the stock can at any time be
sold for an amount suicientto discharge the bonds.
| To make this assurance still stronger, Mr.. D.
goes on TO say:
"And SO confident am in this opinion, that l
| am ready to execute to the county of Walworth
bond in the sum of $40 900 with good security in
which L will agree to take her stock at par and
pay the interest and principal of her bonds after
| the road has been completed TO Rock River and
running one year. on condition that the County
bind itself to let me have the stock on those terms
the whole to remain in the hands of the County
until the County is fully eXoncrated from all liza
bity."
This proposition Of Mr.. Durand certainly has
the appearance of fairness but We nevertheless see
difficulties investing it. Walworth is large coun-
y, and Its interests cannot well be concentrated
upon single road. 1t already has one rail road
ruhning through the northwestern part of the
county, 1.-THE Milwaukee and Janesyille,) and the
Rock River Valley Road running from GAINESVILLE
to Woodstock, will pass near the southwestern
part of the county; besides there are other con-
IL
more to diversity the rail road interests of the
ty. Were there but one road TO accommodate the
entire area of the county, then it would seem prob
able that the whole county might unite to help in
its advancement. If the appeal of Mr.. Durand
| were only to the several towns through which the
Racine and Rock River road is intended to pass
it would be Invested of the difficulties Which en-
harnesses the proposal