Kenosha telegraph. [volume] (Kenosha, Wis.) 1850-1854, 1854-05-05

TIE responsibility would rest, II was
promptly and honorably abandoned. On
the other hand, after repeated and emphatic
manifestations of determined hostility to
the measure, on the part of the tax payers
in the County, Kenosha has continued to
press it regardless ofour oft repeated ex-
preston of opinion on the subject.
Perhaps this course may be made to
pay. Time will determine whether Ke-
nosha has or has not pursued suicidal
policy in this matter. One of the advo-
Gates of the Loan, in arguing the sound
ness of the security offered, alludes to the
dividends of the Chicago and Milwaukee
Roads as a triumphant refutation of the
idea entertained by many that the Road
will not be paying affair. The absur-
dity of comparing the revenues of a
Road leading into a mere hamlet like
kenosha, with that of those terminating
in important marts of trade, like Chicago
and Milwaukee, seems to require no com
ment. The cause that has produced the
disparity in the relative size and impor-
lance of the three places just named has
been the inequality of the amount of trade
and business transacted by them respect
lively, and the same causes which have
been in operation to produce this result
operate still, and will continue to do so.
1t is folly for Kenosha to try to maintain
a successful competition with Chicago
and Milwaukee, for the trade of any por-
ton of the Rock River Valley, or even
Walworth County when the different
railroads in process of construction, land
which are to be built without the aid of
County Loans leading to those places
are finished. The Walworth County
Delegation in the last session of the Leg
islature so viewed the matter, and hence
their vote against the Loan Bill, after the
unparalleled magnanimity of Mr.. Hale in
consenting to exempt their County from
the provisions of the Bill
The same individual in answer to the
objection" that 'if likely to pay, eastern
capitalists would build the Road saws.
They lriH, mainly Well, if they rjU.
mainly" they have undertaken to do it
while the prospect of obtaining the Coun-
ty Loan was, to say the least extremely
uncertain, as we are informed that the
means are all provided for building the
Road, excepting the one hundred thou
sand dollars asked of the County. But
suppose larger amount was needed. in
addition to the proposed County Loan.
would the adoption of the Loan, by vote
similar to that which elected your Loan
Senator, ''inspire confidence in the minds
of capitalists abroad? Would the fact
that the City of kenosha which had al
ready given satisfactory exhibitions of
confidence in it by making investments
Of its own means to a general and rea-
sonablc extent had voted u1aanin,0usly
for the Loan, while the balance of the
County. except in the immediate vicinity
of the City, had voted almost as unani-
mously against 1t, secure the requisite
amount of stock from that quarter? |
think vote in favor of the Loan by
bare majority, under such circumstances,
would not convince capitalists that the
farmers of the County were very strongly
impressed with the opinion that the Road
would be paying enterprise.
In estimating the probable income of
the Road, based on the estimated earn
ings of the Milwaukee and Mississippi
Road, he says, " Can any one acquainted
with the comparative character of the two
routes believe that our Road with a track
of siXty-eight miles will produce less than
100000 gross earnings? This is the
first intimation that the track of the ke-
nosha Road was so long, by upwards of
twenty miles. Perhaps it may be conten-
dcd that the connection" so much talk
ed about with the Valley Road adds thus
much to its length and its income, and,
consequently, to the amount of its diyi-
dends If that be correct view of the
subject, why not connect with she South
ern Wisconsin, or some other long road
and thus add another hundred miles to the
length of track" and thus materially in
crease the dividends paper? And why
may not all the roads in the country form
connections" with each other and thus
roll up huge dividends, which would even
tually attract all the spare capital in the
nation into the railroad channel, and OBJ
viate the necessity of coaxing or forcing
Counties to loan their credit
The amount expended for pier and har
Dor purposes by citizens of Kenosba is
urged as a reason why the farmer of the
interior should be willing to lend their
aid in the construction Of the Road. Who
but the farmers. and those living III the
country, have furnished the produce and
consumed the imports that have caused
the piers to pay their owners a better re-
turn for the capital invested than any farm
in the County, If the City has expen-
ded Gifts own means $4,000 for the Har-
Dor Improvement, what but the trade of
the inhabitants in the interior has furni-
shed them the means to do so? Because
the trade and patronage of the country