Wisconsin tribune. (Mineral Point, Wis.) 1847-1854, 1853-06-09
Mineral Point Raj Road-Countv Ioan.

Mineral Point Rail Road-County Loan.
1t i proposed TO the voters of Iowa County to
authorize the County 10 exchange Bonds vi Ia the
Mineral Point Railroad Company, to the amount
Of one hundred and fifty thousand dollars, which
County Bonds are to be used to aid in the construc
ton Of Railroad from this place, to intclsect
q Road TO Milwaukee or the Chicago and Galena
Road We have before stated that the conditions
upon which these Bonds are asked, are such as TO
preclude all probability if nor possibilities OF in
currag a County debt or the hazard Of taxation.
The Railroad Company guarantee to pay both
principal and interest on the County Bonds as they
become due, for the security Of which, they give
the Bonds Of the Company to the same amount,
payable az the same time and secured by Mort
gage upon the Road and its equipments. This
movement has been undertaken in good faith and
the importance OF this Road. as connected with
the future growth and prosperity of Iowa Coun-
IT, is worthy Of due consideration. II has long
since been fully demonstrated that Railroads are
not only works Of utility and profit, but absolute
~ essential in the prosperity of both town and
country This effect is produced by the increased
facilities they afford 10 quick and permanent
kets, and BY consequent increase Of business of
all kinds, by enhancing tie products of the labor
er, in time saved in reaching markets, diminishing
the risks in carrying on business operations, and
by equalizing the value Of Lands BY raising that
which has heretofore been considered nearly worth
less lowing 10 its remoteness from Inarkets) 10
equality with that in older settled portions of
the country.
If the voters Of Iowa County satisfied that
the Mineral Point Railroad Company will be able
to meet the Bonds asked Of the County at their
maturity, imagine there is not man among
them unwilling TO vote for the proposition. That
it will be able TO 10 So have not the least doubt
There has yet been an instance in this coun-
try where the entire cost OF Railroad has not
been amply compensated after its completion, ana
should this one be an exception, it will be single
and alone The policy of county and town sub
seriptions has been fully tested in Ohio Pennsyl-
vania, and other States. and almost without an ex
eepton resulted favorably Many Of the towns
and counties in those States are now receiving
large revenues from stock held ia Railroads while
others have sold out al cry considerable profits
What IS there connected with the construction OF
the Mineral Point Railroad to induce the most re-
mote doubt of a like favorable resultz In other
States, Railroads are said to more than double the
value Of real estate TO the distance Of more than
twenty miles around. VIII they not DO the same
in Wisconsn2 We were told by gentleman liv- !
ing fifteen miles from the Chicago andGalena R. R.
that eighteen months since he offered good farm
al So an acre, and found no purchaser Since the
completion Of the Road to Rockford and the pros
pect of speedy continuance to Galeua he has been
offered SIS per acre FOR the same farm which he
refused. Such viii be the effect Of the Mineral
Point Railroad in Iowa County. And we are full .
ly satisfied that the beef,s Of this Road viii be
such 10 insure its continuance through the coun-
~ TO the Wisconsin River; in fact many are al
ready talking Of such project and certainly the
lumber region offers great iuducemeut for It's be
ing carried into effect al no very distant day.
If there are those Whoare so selfish as TO oppose
the issue OF the County Bond for Tie aid Of this
Road, because it will help to build up Mineral
Point, We would ask them caulidly, if they are
not enriching every portion Of the country at the
same time they aiding Mineral Poiut1 Where 1
Is the farmer or mechanic il Iowa County thar
will not admit that his business and prospects were
large number Of the citizens of Mineral Poiut7
1t IL impossible 70 benefit iuiure any one por-
ton Of the County 10 any great extent without /
etseting the whole. The prosperity Of Franklin. /
Dodgevile, Linden, AfitIlin, or the most remote (
portion Of the County, is beneficial 10 Mineral .
Point, and rice rersa Tie interests OF the entire
people Of the County are to be benefited by the /
construction of Railroad. leading 10 all the prin
eipal cities Of the Union. Mineral Point will not /
alone be benefited, and we cannot believe that a
ny can be 50 blinded by prejudice as to take such
view Of the subject. We say therefore let one Z
and all vote for the issue Of County Bonds 70 aid .
IN the construction Of this Road There viii new
er be one cent for the County 10 pay on these
Bonds. The Railroad Company Viii be able TO
pay them, ard not only able but willing. for they
Vill find stock in ths Road profitable investment.
Should any one take different view on this sub
Ject, our columns are open for free expression.