The daily Gate City. [volume] (Keokuk, Iowa) 1855-1916, 1857-10-21

hH9Ht IN thc west. ana Samuels gains over
bachanan's vote in the Ith.
our HniIroads--Futnre Policy.
The time for building railroads with bonds
- gone. Town, county and company bonds
Tor the present are worthless. As the mon.
ey market rallies, they may improve in val
ne, go that. by and by, they may command
something, and perhaps, to a limited extent.
something like their value; but the market is
flooded with them, they arc not and never
Will become favori.e class Of securities for
Investment, the issuance of them is thing
enormously orerdone, and there is no pros-
recs. no possibility, that they can hercpfter
become the main reliance for the cons,ruc
ton OF railroads. For the future the fact is
very plain and unequivocal, that the ncorle
who want railroads must build them. We
can sell bonds Tor money to build them
with; we can't borrow other peoples money
to build them with; the only alternatives
nre, to employ our own none, TO build them.
orto build them with our own hands, indie
pendent Of money. The question is. whetb.
er, under such circumstances. we can build
them Mt all, paradoxical as il NAV seem
at hrst blush, we fully believe they can be
Suilt. More than that, we believe they can
DC bniit more economically than by any pro-
cess hitherto employed, and in n manner
Which viii confer greater benefits upon the
community fer whom they transact business.
i hese few things only are necessary 10 that
end, VIZ that the people should have feel
inS sense OF the necessity Of railroads to
thelr prosperity; that they should clearly
understand that no aid can be dependad nm
on from abroad in the graduation and prcp.
afaiion OF the track and that they should
De made TO understand that all that propor.
Ton OF the work can be done bv them with.
oat any foreign aid, withou. the necessity
OF money subscriptions to the capital stock.
ana almost without the employment Of mon
ey ~ the execution the labor. Let uatakoa
particular road and particular incident con-
nected with that road, in illustration. The
people OF keosauqua live few miles beyond
tae present terminus Of the keokuk r, Hos
MONIES and Minnesota r. K. Business i of
course, attracted to Bentonsport. Keosanoua
aas aass her relative position. She must re-
cover II, or she must languish, and possibly
die cut The people are brought 10 avery live.
y sense o! that fact. Therefore thew wan.
~ have the road extended to their point 20
khsf ner accustomed natural relation Ia the
business Of the vicinity may be restored and
maintained. Hut 1t takes money TO build the
road, The road corporation itself i II eona
eon2it'on. lih good securities to offer
h''f i has not securities good enough h com.
inana the money, in the presan. condition Of
things, nor for an indefinite n4r;oa J., ,bn
iueute' lheFeforeis cannot build the roaj
those who want ii must build il. And tho
pressing Importance Of tho road h tben, has
opened their eyes TO the WAYS and means az
gong i. They can't get the moAoy neces.
Aafs 70 bulld II, in an ordinary manner, BIZ,
they nave 80; the muscular force neces.arv
e remove the earth. They have got. right
along the line of ~ IN, M 80 80
,,uircd for eros. liz l. . NJ 49,, $3.50 ~
subscrip,jon % H.. naaa..ar, 49, ~ :.
gfnaing and ticing the road, bu, haze no, got
tie money II nv !, =, 8
up INA ,n5,,,cr ,,,,,.... .t'a,. -
work and furnish the ties on their avn No.
count. When ,li ,ha.,s,,.-. 80 W.
~ a5lisaAv i so,,;n, i, 49,, W.. -
stoek. Ala ,bor lug
,,,,4a., ,naa ''a w u
thar h Increase ,bs a,.nn,, !, 49, 'lio''' y
tv.5u, he o,,oro,io, f'VfS4-
Wen wts, I'M roo,to !. -
ds fer TIA keaksk ~, ~ ~
Minnesota psara.1 TIL r.
line basona ,sa, ,,sn, ~
ro,. perhans main, ~
eanuan,,y ha,n,,a ,ha.o ',''''N' = !.
railroad. III, ga u..ai1 a.I1 ~ $50 =
II III. "a, ~, 49,. '''s''''oA
inatl ,b,n,s evo.,.,., $3.50
IA aeel;,e :, ,ar,a rA,,.4a., ~.
,,g. ,fs ,,,o,..,..f.,., -.
ipfreanpnt ~, $3.50. = ~ $50
fitting. The mov i. .,.;ai,. 4