Kenosha telegraph. [volume] (Kenosha, Wis.) 1850-1854, 1854-04-21

an ignorance of these facts does the obiec-
ton indicate. Point to the road, any
where, running through productive ag-
rlcultural region, that does not furnish q
profitable return on theinvestments made.
What are the figures of the Chicago and
Galena and Milwaukee and Mississippi
roads, from the completion of the first
twenty miles TO their present stage and
what is the exhibit of even the Illinois
and Wisconsin road, in operation only
about thirty miles, terminating at present
on an open prairie, and touching not one
village or populous settlement. except at
It's eastern terminus A dividend Of pro-
Tits not less than ten per cent. and reach
ing as high as fifteen and over. VIII the
ken0sha and Beloit road. in essential re-
Spects, be less fayorably situated than any
Of these roads WIN its course he thro'
a less productive region, or its eastern
point Of termination be less able to fur
nish the required extent of commercial
facility? \ region of country with rich
er agricultural developments and suSccp-
tlbillt!eS, Is not perhaps to be found in
= the northwest than that embraced III the
: counties Of northern Illinois and southern
: Wisconsin. from ken0sha TO the Rock
River, along the route Of this road. And
Il point more able than this to meet the
demands which may be made upon it for
. commercial facilities. in the capacity Sc
curity, and accessibility. of It's harbor
when improved as designed, cannot be
; found on the western shore Of our Lake
Setting aside Tie idea Of advantages to be
derived from connections proposed. So
we'll set forth in the communication ofthc
Chief Engineer, let Us estimate the proba-
, bic character Of the road, as a paving en-
terpriSe viewed sinupiy in an isolated as
pect. with Its eastern terminus on the
Lake, and its western on the Rock River
The distance from kenosha to Jancsyillo
I by the route of the road is IS miles Ia
r king as the least probable limits. ) miles
:, north and ~ miles south, from this line
we have 1920 square miles of territory
which, with its present and great pros
pcctivc population and resources. vii
become directly tributary to the business
of the road. The estimated income OF the
>. Milwaukee and Mississippi road for lS54
! with finished track of 90 miles. is S4O0.
, ODD-an estimate based on the actual nc
! ccipts of 1858. If this road. loo miles il
length produces gross revenue of S4O0.
;, 600. can any one, acquainted with Tic
:, comparative character of the two routes
, believe that our road with a track of 6$
miles. will produce less than 100000 o
! gross earnings Taking this as Tia,
: amount, and estimating the expense o
=, operating the road, ut $50 900. we hay,
: profit Of $4,000, which, on thc cap T.
:. invested, would afford a dividend OF near
- II II per cent. And this is thc loves
;, annual profit, which, on any reasonable
;, basis. under the least favorable c.rcum
= stances presented. can be estimated or re.
;. allied. If figures upon any present dat;
> can demonstrate the ccrtaint.cs Of the fl
tUrcit would seem as though no demon
= strait pn of this character could be cearc
- than that Investments III the kcnosha dQi
>. BclO!t road will be secure and profitable
;, Bat here the remaining objection ari
;. SEES: If likely to pay, eastern capitalist
q would build the road. They trW mainly
, But before we can induce confidence il
: the minds Of capitalists abroad. and sc
! cure investments to the required amour
; from that quarter IN the stock or bond
y of the road, the people interested in tn,
enterprise must give satisfactory cN
hjbitions of confidence in it themselves
= by making investments Of their uw,
. means to a general and reasonable extent
! To dccry the merits OF Il great work. dc.
. clare disbelief in it, pa, ing charactc!
and cnacavnr II throw suspicion upon tn,
:; movements AMI motives cf it, mlnaacr.
and then ask or expect FOREIGN aid to &C
!. complish that work. is certainly not ia,
: part of mJdesty or wisdom.
| propose now t. discuss briefly tn,
main objections urged against the Coun
~, ty Loan project.
These objections, as have seen then
;, stated are that the proposed measure il
unreasonable, unjust opprt s>!ye. and III
constitutional.
; Let Us Understand the position of I'll,
City rs regards the country towns. whici
/ are sought to be araycd against th
:. measure and see how far the first tire,
n Of the objections can be suet lined.
Q What i, the history of the citv. Citizen.
i Of kemo>ha were the first to start the system
: OF Picring on The Lake which in the absence
of harb0rS, has subscryci 50 important !
:, commercial purpose, and contributed :,
largely to the growth and rosperily of III,
interior. They provided good thoroughf:lrc
for country use and trade. The city has cx
pended OF It's own means $50, 900 for til,
= liarhor improvement, and proposes to rails,
{ and cXprud s. 900 more this season for com
D pleting the work. 1t has pledged co.po
e rate faith TO the amount of 81 50 600 in nj,
of the kcnosha and Bcloit Rail Road. am
proposes to take its share, which would h,
about 0nc-third, of the responsibility of Il loar
:, Of the County faith III the sum of $500 .Goi
for the same object, while is citizens hav,
; individually subscribed 5000 more to IN.
!: stock OF tho road, which they are now pay
= ing.
, Nj this the City has done AMI is do;nr
with the main idea, Of course, of building
up and advancing its own interests. But
the country has rcaped largely of tho
benefits flowing from these movements
: and expenditures in the increased value
as a natural consequence. given to pro
) ducts and land These benefits will Et
more largely enjoyed uponthe completion
; of our harbor, and VIII he enhanced Will
every miles extension of our railroad
For these advantages the people Of the
City have thus far paid every thirg-thost
Of the country nothing. Now. what is
it the City asks. She finds herself una
bic, alone, to carry through the lest great
enterprise undertaken and asks the coun-
ty, as party equally interested in the
advantages, not to pay money or impose
tax, but simply to loan her credit. on
good security, and 70 an amount conpa-
ratiyely small in aid Of the work. !,
: there any thing, under the circumstances.
unreasonable in this
=.