Indiana American. [volume] (Brookville, Ind.) 1833-1861, 1853-10-21

INIT - BoOu utWbs NoW Coihc Ou Btu-
tlemen, and you will find Old Franklin
good for all you have set down to her,
and more too IL necessary. Such stock
will not go begging in this county.
Our Railroad Observation-Disclosures
ded.
We promised to conclude our remarks
on this subject, this morning, by speak
ing particularly OF the Sandusky road,
with reference to the character of its
stock, and the probable means we shall
be ab lie to command in its construction.
In estimating the probable stock we
shall be able TO raise on the line Of the
road, through this State, we shall leave
out oil view the $4,000 the Fort
Wayne Company agreed to expend in
grading common road bed from here to
Lexington. Neither will we count on
the $50 900 agreed to be subscribed at
Lexington, provided that town should
be made point. For, as things now
look, we regard the prospect OF making
either Charlestown or Lexington point
upon this road, as too remote TO base
any calculations upon. Our estimate
will therefore be predecated upon the
supposi ton that the river route to Madi-
son will be adopted-thence by way Of
Versailles and Brookville, to the State
line. Now, with such route as this,
let us see what amount ofstock we may
reasonably hope to obtain.
We begin then with New Albany,
which we put down at S425 ,ooo-Jeffer-
sonville 75,000-Madison $400, 900
Ripley county S75,000-Brookville and
Franklin county Sl50,000-Union coun-
~ S25 ,000-making altogether $780,
900 Of stock subscriptions in the State
of Indiana. With such basis as this,
and with the almost certain prospect of
no rival road springing up along side Of
it, we might well 60 to our friends in
Ohio and ask them to aic US, in any
reasonable amount, In completing the
, work. Nay, with such a basis as this
, and with the valuable connections we
should be able to form, our credit in
/ Wall street would be A No. 1, for any
amount we might need to negotiate.
And now word as TO the probable
value of this Stockton we intend to be
very brief to-day, as our readers are
doubtless getting tired Of the subject
, In estimating the probable value Of this
, stock, we might enter into statistical
: analysis OF the through and local bust.
ness the road would probably do. But
this would greatly cucumber the subject
: and become tedious. II will be sufii
o cient for our purpose, to compare IL will
e other roads similarly situated, and judge
o Of the value of its stock, by the prices
= at which they are selling.
y First, then, Is the Cleveland and Gin
!, natl road, 100 miles long, the stock o
v which Is selling at l30ai3l on the pa
valuation Of 800. Any one who viii
look at the course and connections o
u this New Albany and Sandnsky road
I, will be satisfied that, as a passenge
= road, IL will far exceed the road leading
!" from Cleveland 10 Cincnnati--and as
!. freight road IL will fully equal Il. Tn
. traveller 10 the Southwest can reach th
h, Falls from Sandusky, very nearly a
10 rson as he can reach Cincinnati, iron
;. Cleveland, and he will find very grea
:, saving In distance, and consequent COS
IL of travel. lie will therefore take Oh
sandusky road In preference, az bein