The Davenport daily gazette. [volume] (Davenport, Iowa) 1856-1869, 1857-05-30
The Loan Question

IrssRs. EDIroRs l. was urged as an
objection 10 the late .otn for city improve.
mentr, by some OF its prominent opposers,
,hat II il y ere carried the cooperation would
Lot deem il polite further to increase its
indebtedness at present, and that conse.
quen'ly It's aid to the building of the pro,
posed Cedar Vale, Railroad (by tar the
most impoItsni OF the two prolects) would
be- withheld This was an appeal expected
TO be effective with certain class oi voters
whose position and education forbid the
probability Of their detecting ts fallscy
ana 70 whom view Of the matter in its
true light Is vi great Importance.
The present proposed loan differs from
the former IN the following iacis. IL is
sinlply a loan II tas e.sp credit. resulting in
probable revenue, or a, the worst adding
nothing 10 on, corporate debt an reality. The
interest accrueing on the bonds will be paid
from the dividends OF the road, ard the
! stock will be available 10 nquidsie the
bonds at maturity.
do not allow frighttul stores 81 increased
,usa'1on TO deter you from voting for thi.
oil important messure-they have no foun.
da,lon IN fact.
The result Of TO days vote vii, deter.
nine whether We are 10 indefinitely increase
the prosperity VI cur city, II whether BY
rejecting the advantages which nature has
placed o, our depossl we all suffer our.
-e,yes ~ sink INTO ubseur. u LII
GT The following artici- lfom the Ma.
qIuketa Excelsior We espse ai,y commend
q the nstlce of our fellow. cilizens IN view
Of the loan question To b. decided to-day:
valley Of Maaaoks.A New A-ilread Preisess
North and south.
The pres, and people of both Davenport
and Dubuque are sgitaiing new RsilIoad
projects, designed TO affect the vicinity and
oenei, themselves by forming connections
With 10. Tness cff3rts are not to be won.
dcrcd a., for ours Is coveted region OF
country, and presents attractions and in
JUDGEMENTS OF no ordinary character None
behold the beautiful Valley Of Maquoketa,
but TO admire and ex,ol its beauues-to
eovet share OF lie trade, and appropriate
= poftian Of IL rch domain. Ito produe
Inverness Is almost faoulolr, 4 his for health
aud beauty II cannot be surpa .sed A com.
oino,ion O. favorable advantages has filed
y Win farming population that for Thrift,
ms no parallel IN the State TIE towns
along this ierliie aud beautiful valley Or.
hgurishlng, 10 iact they masl gov u keep
pace with me settlements o. which they
are surrounded Being ware OF these facts,
TIE several cite on the great Mississippi,
aithin commanding distances. are yieiny |
With each other in efforts 10 secure The /
trade which rHdiaies from the towns and
country along the Valley of Maquokeia.
Davenport has already projected n road |
RON that city IN direct line Northward |
y the Guy Of ~ laokeia. with a view 10
4 connection with q rad from the CITY Of |
Dubuque, or some point upon the Dubuque I
and Pacific Road. The subject il beInp
earnestly and ;orciDly agiiated By the Ga. |
ke'te, and subscriptions are III circulation, |
ahd large amount OF stock has already
heen taken. The people are evidently in |
earnest. aud v. bid them q ID speed in their
new enterprise. We can assure our South. |
- ~ -"eS'ot shsA Htt tNthpttuttOn NAV L
% relisd upon ia this " hole region. W. /
nave no other expectation than 10 see this
Road built. and that too, u great deal sooner
thAn most people vii. believe. Ourunsur
passed country ~ only sparsriy settled az
yet; II is bound 10 be densely populated.
Every acre OF land here is rich aud valuable,
and can and will be improved The con.
struetion OF railroad through the country
Southwark, 10 ell that IL needed to hasten il.
settlement, ssd rapid development. We
need the road, not only Tor tue settlement,
u the country. but to carry III its surplus
products, and bring to 10 the manufactures
- the river clsles and vi the East III,
demand ior the use y. such road. Cannot
now be estimsted by the ., esent apparent
wants vi The country. "A railroad create.
ito own business. and . road through a.
nch country ~ that lying between IT,.
1aquokela Valley and the Cl.y OF Ds.sn.
port, will pay - we'll as any road Ia the
West. No enterprise OF the kind will pay
u better interest On the investment, not only
~ paying road, but in the actual increase
VI business 10 cur city. What We. AZ q
country, are yet ~ become under the .aAg.c
influence Of the stsam.car and he railway,
can osly BE- dimly seen ai present.