Monongalia mirror. [volume] (Morgantown, Va. [W. Va.]) 1849-1855, 1853-03-26
fon THE MIRROR.
SLACKWATER, HO!

naldo," u correspondent ct that paper,
loudly calling on the citizens of this
county to take ten thousand dollars
stock in the Monongahela Sackwu,er
Improvement. But Rinaldo" ap.
pears to have overlooked an important
item, when lie was summing up the
reasons why said county should take
this stock, viz: The stock Of the Vir.
GINA and Pennsylvania improvements
will he united, and tho per ccntage
would hc drawn from the revenue u.
rising from the whole work. This
viii very materially change the mat
Ter, and the fact Of our capital going
into the general fund, and we receiv-
ing our per centagc from the whole
amount, should at once remove every
doubt from our minds Of the propric.
ty of the county making such I'LL in.
vestment.
In fact lcanno, believe that any cit
izun Of this county will hesitate a mo.
ment to cast his vote in favor of taking
this stock, especially if he has care
fully examined the subject.
Figures always tell the truth when
properly added up, and there is any
truth in figures, most assuredIy this
would be profitable investment.
The whole capital stock Of tho i'm.
provcmcnt from Brownsville 10 Pitts.
burg. according to the Report of the
Company, is Five Hundred and Tween.
ty.one Thousand, two hundred dol.
lars, 1881, 2oO), but their stock is du-
plicated and consequently their actu-
al capital stock is only half the above
sum, which would be two hundred and
sixty thousand, six hundred dollars,
(s260,ooo). They have law in
Pennsylvania, that when any work Of
internal improvement pays over Ger.
tain per centage, think Is per cent?
to the stockholders. all over that goes
to the State. This company, some
years ago, saw that they would have
to pay large amount Of their revenue
to the State. aud by some means got
the Legislature to pass an act author
izing them to duplicate their stock
that is call one dollar two,-and by
that means saved their revenue.
1t is estimated thn, it will cost two
hundred thousand dollars (s200,0oo)
to extend the improvement from
Brownsville to Morgantown, which
would make the actual capital stock
Of the work from Pittsburg to Nor
gantown four hundred and sixtythou-
sand, six hundred dollars, $3.50, 600).
| see, by the Repor, of the Pennsyl:
vania Slackwater Company, that du-
ring tho past year they have received
tolls to the amount Of sixty.seven
thousand, five hundred and nineteen
dollars. and twenty cts, 1851, 5l9 2e),
which would DO d small fraction over
fourteen and u.half per cent. on the
while capital stock ofthe improve.
mem from Pit,sburg TO Morgantown,
consequently,ifthe work from Browns
vile to Morgantown would never pay
dime of revenue, it would he the
best stock know of. 1t would pay q
better per centage than any house in
Murgautown, or farm in Monongalia
county. Where is the house, or where
is the farm tina, will rent for more than
ii! per cent? confess | know not
where. III could find such culios-
ity | would certainly send for Barnum,
Blu, If the improvement, from Morgan
town to Brownsville would only pay
l24 per cent. which would be less
than half what it pays from Browns
Vile to Pittsburgh. it would then pay
90 per cent. on the whole capital
stock.
If our county does not take this
stock she is certainly blind. BLIND,
BLIND to her own interests, aud
there is no hope for her.
Respectfully yours. R'SALp1SL
VExaNeo, pA,-On Sunday night