The Portsmouth inquirer. [volume] (Portsmouth, O. [Ohio]) 1849-1855, 1855-01-12

by voting the cpurE AND CErr Sropk in
EherdSa. xhseh ke ha hot skt lsdss shhdos
a. aszlOrise Do. 4Aeselafe facts. We |
know he voted that stock, and We know
he had NO AurHoRlry WH1TEyER for doing
so. And in order to secure the votes Of
other directors, Mr.. Mod DowEIE represent
I'd to them that "the directors for this
county apprehended law suit in reference
to the toll house in this county, and that
the people wanted Mr., KINNEY to attend to
it." ss
By such meansas these, Mr.. HAII--who
by a straight forward, honorable course,
metwi.h the divine displeasure ofhis com.
peers was ohsted from his position in
that board, and Mr.. KINNEY elected in his !
stead, for wAat Rurpose. we leave the pub
licsto Judge, For us, we DO not believe
the interests 81 the people win be better
cared for BY the change. .3s \
But let VS. look into, this matter q little
further About the year 1888, the COM
missioners Of this county subscribed $780,
600, and the council1of this city $50, 600,
TO the capital stock Of this road, il Me
absence Of the ready money to pay this.
sum, county and corporation bonds were
issued, paying interest at9the rate Of siis,
|per cent. per annum. What next. Eighty
thousand dollars 1.-THE aggregate Of the joint
stock at six per cent, gives us the sum Of
foar thousand eight hundred dollars, IN IN
serest, to be paid BY the tai payers Of this
/ city and county. Here, then, was stand
ing debt. and consuming interest incurred,
and conducted, hows We let those an
swer who control the books. A " 'tlt.'
This eighty thousand dollars, together
with a large amount Of Individual stock,
was put in this Turnpike, and the true
policy was, that the proceeds Of the invest
ment, SO far as possible, should have been
made pay at least theinterest on the bonds,
Has this been done? No. Although the
road has yielded a yearly revenue Of from
ten to fifteen Hundred dollars, for the last
IL p ~ Z - .f.f p j..
ten or twelve years, not ONE CENT has ever
been appropriated to pay the interest on
the debt. Where, then, has this money
gomez Has it,been consumed in actual re-
pairs made I? This cannot be the case,
for the repairs have been comparatively
light in this county, and the laborer who
done the work got perhaps seyenty-fve
cents per day. which would have taken but
Ia very small portion Of the revenue. How,
then, we ask, has this vast sum been ap'
piled ? Why--while the farmer, the me.
chanic, the merchant and the laborine
man, have been tdred 10 pay the interestor
this heavy debt, the directors, the officers
the pets of this: Turnpike Company have
been dividing among Themselves the rev.
enue arising therefrom, in the form d
services rendered at t,co dallars pei
4 day, for riding up and down the road. and
in the shape Of good, fat salaries ant
J " extra labor. 'se' 81 = z
> True, it is reported that there is at thi
I, time about 1900 in the hands of thes
Directors /; but what disposition is mad
, oft? Is itpaid into the Treasures of tn
;, county and corporation as itshould be, 70
| the purpose Of tightening the taxes Of th'
; people,? No. It's kept in the hands o
! those controlling it, and by them loaned t.
2 the very persons to whom it justly belongs
at the rate of ten, t.oelve, and fifteen pc
J, cent, per annum. Instead Of dividing thi
II amount among the stockholders--stats
+ county and corporation--as il should b
and by them applied to the payment Of Il
10 interest on the original debt tits used ;
t these worthless in their private business.
of There are other things connected wi
j. the management of this road that viii n
m look well SIN nprmt, "'but as our hand is i
lie we may as wen make them public. S
d, more anon. ,sss ..si W. ~. ss
he ".We know no king but God--no lal
so but a land cof liberty and beg leave
n;tch into those holding different sen