The miners' express. (Dubuque, Iowa) 1849-1854, 1853-06-08
For the Miners Express.
THE DUBUQUE & PACIFIC RAILROAD

For the Miners Express
THE DUBUQUE & PACIFIC RAILROAD
Mr.. EDITOR A correspondence between
Messrs. John King and F. s. Jesup & Co, ap
pears in this days paper, and to. which wish
to offer few remarks.
1t was my intention to have reviewed form
er communication of MIR. Jesup, in reply to my
position, but on examination of his article,
found that his argument was not very logical
and to notice it should become more cntica
than would wish to appear towards a gentle
man for whom entertain so high regard
Now, about this correspondence. MIR. King
asks Messrs. Jesup & Company, if the report is
true that they would be willing to give the
County Of Dubuque Bonus" for the privi.
lege of taking its 100000 stock in the Du.
buque s. Pacf, Rail Road, in the event the
county should vote it, Messrs. Jesup l. Co.
reply that, 4" Should the county of Dubuque
take the 5000, 900 Of stock in the Dubuque and
Pacific Rail Road Company and desire to dis.
pose of the same, we Chey) will contract, on
Monday next, to pay the Company q presume
this is meant for County, on the LIST day of
August 1853, or as soon as the Stock Books of
the Company shall be arranged, three thousand
dollars Git does not say cash) Of the full paid
stock of the R. R. Company, drawing 10 per
cent interest, as a 4" bonus for the privilege
of taking said 100000 stock at par on the LIST
day of August 1856"
This proposition to the Indifferent reader ap-
pears, at first sight, very liberal and very desir
able in fact, it looks like as if it were a real
"Jonus.'
But lei us examine this proposition, and see
what it amounts to.
In the first place, the County is to receive
$4,000 Stock on the lst August 1853, in the
full paid Stock Of The Rail Road-drawing 10
per cent interest-this is the "bonus"
In the second place, the County is to hold and
deliver to F. S. Jesup s. Co on the LIST of Au-
gust 1856, 100000 Stock at SPAR"
These, believe, are the conditions; at least,
understand them 90.
Well, from the LIST of August 1853, to the lst
OF August 1S56-is three gears bear this in
mind-bear, also, in mind, that there will have
to be paid during these three years, $4,000 a
year interest on the 5000, 900, which will have
to be raised in taxes. Making at the end of
three years the sum of SCI, 1000, together with
the interest on each instalment of TAXATION.
For this we are offered, how much Why,
$3,000!!. and it is called bonus" If you
leave out the Gus" and add G, it would be pre-
cisely(a Bone (which the county would have af.
ter some sixty thousand dollars were picked from
(whom y the tax payers of this county
might extend these remarks to an almost inde-
fina:e length, but l forhear. II you wish to
vote $2OO,OO in the county, and 100000 in
The city, do it with your eyes open /; and when
you have done so, you will then be better satis-
lied imam if you had gone it blind.
l am not opposed to Rail Road, when built
BY proper means it would be against the inter.
,sts, not only Of myself, but OF all my fellow
citizens in whose prosperity have much con.
,ern.
But wish the proper parties TO build it. |
want the Illinois Central Rail Road Company