Southern shield., 1853-07-09
State friendly 10 internal improvements be requested 10 copy the same. The meeting then adjourned.
 T. s. N. KING, Chairman. JESSE A. J. CKsoN, Secretary.


 meeting then adjourned.
 T. s. N. KING, Chairman. JESSE A. JACKSON, Secretary.
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 Helena, .4rk., July 5th, 1853. MR. EDITOR:
 Sir: In compliance with the re. quest made by resolution of the Rail- road meeting in this place on the 2rd instant, l forward to you for publication the copy of paper, which l read be- fore that meeting, explaining tho means why think it polite that the county of Phillips should subscribe at least ssl 00,- 900 for stock in Helena, Little Rock, and Fort Smith Railroad. Showing that the money can be raised by the county without increasing the present rate, or per cent of tax. That the part of the county where the Railroad will be loca- ted, which will receive the largest share of the benefits, will pay the interest on the borrowed money to take stock, and that the northern and southern town ships will not have to pay one cent to- wards the road; while, ultimately, the whole county will receive the dividends arising from the stock.
 The following is the statement allu- ded to;
 There vii be about 25 miles of the Railroad within Phillips county; say that 5 miles OR each side of the Road, the land will be increased in value, the first year after the survey of the road, fUe dollars per acre.
 The No. of acres would be
 150,000 $5. amounts to SS00,000 The next adjoining five miles
 OF each side at ;s2, 320,00O Total increase for taxes on land, $l,l2O,O0O Increase of population say
 one hundred families,
 worth s4,O00 each, S4OO,0OO Increase of population, say
 one hundred families,
 worth $l ,000 each 100000 Total increase for taxes in county, $l,620,OOC The tax of one-f fourth of one
 per cent, would be S4,05C Sell first year $50.000 bonds
 at S90, the loss to the
 county is $50L Interest on bonds sold first
 year at 6 per cent 5000 $500 Leaves ba ance in favor of county $ 5C Second years revenue 4,O5O Total f6OC Interest OR money borrowed 3,00C Balance in favor of county ------- second year l,60C Revenue third year 4,050 Means of county on hand ----- third year S5,65C This year S59,O0O bonds
 sold at $95, loss 250 Interest on whole of borrow
 cd money coco 6,250 From which take the
 county's means, 5,G50 Leave county i'll debt thls -- year $500 Fourth years interest on
 bonds, 6,000 Increased value of property - generally will make the 6,60O revenue, 5000 Deficiency at the end of the - fourth year, S1,600 Fifth year road completed
 property increased in val
 ue, revenue increased 10 $6,00O Dividend on s16O,OOO stock
 at 10 per cent, 10000 County's means this year, S16,GOO Interest on bonds, $6,000 Deficiency last year l,600 Total deficiency 7,6oO Taken from county revenue, Leaves the county, &S,400 The annual dividends coming to the county on the amount of stock subscrib- ed, will in sixteen years pay the interest and bonds, and there will be left to the county her proportion of the public lands granted to make said road on the stock above subscribed, sixty sections or 38,- 400 acres, worth at low valuation, three dollars per acre, $ll5,20O. This alone will pay the principal and interest of the bonds. It will be perceived that I have not taken into the account the ex, pense of assessing and collecting. The reason is that I view the above estimate so low, that the excess of revenue over and above the estimate will more than pay the expenses of collecting, &c.
 Yours, respectfully,
 GEORGE JEFFERIES.
 A WARNING TO YOUTH. Daniel T. Woodward, who was on Thursday last sentenced to be hanged for the murder of his wife, handed the following card to the Rev. John c. Smith, on the ensuing day, when that gentleman, by