The daily Butte record., 1858-05-11

ton or and purchase of material for the railroad In
the county Of Butte no the rairoad must have |
progressed 70 within about fourteen miles OF Oro- |
vile before these bonds can issue, and would. with
out doubt, bs peied In less than one year after
the Issue of these bonds,
Let US look for q moment al the feasibility OF this
railroad project-say from Az near Marysviie 10
Oroville There would not be expensive super
structure in the way Of bridging on the line nei-
ther wonld there be any heavy excavation or en-
bankmens Nearly all the grading would be very
lizzie We could readily make arrangements with
the company below to run their locomo ttves ana
cars over road, for 1t wbuld be greatly advan-
tage to them 40 that should not be at any
great expense for whni is termed froliing stock
EvgythiDg 80 far is favorable to this project Bnnd
these Wagon roads, open these channels OF trade
travel, concentrate all this means Of supporting
| railroad at 0rogills, and this road would beyond
doubt pay the interest on her bonds. and probably
/ a good per centage on the stock from the com
| meneement know that IL Ii the opinion OF some
fthe most intelligent men OF the State, that such
would be the case So. then Butte wppid have to
pay the INTEREST on her bonds for one year before
Irecevng Interest on the railroad bonds ana after
4 that. the interesson the railroad bonds would all
| the time cancel the interest on the county bonds
This act provides that the said railroad company
aud all the corporate property thereof snail os heid
as security for the pay nent OF said first mortgage
bonds and the interest thereon TO the aid county.
will any sane say that this is not sufficient Sc
eurity for 5000 900, WhA a wild mathematician
must he be who would figure this county into utter
and rretrievable ruin on proposition like this d.
The cousty would have to pAyin the course pf
sotg and q half years sf3 SOC and Tor one years IN.
terest her 100000 in bonds, $4,000; making the
sum Of $50 900 But supposs she does have to pay
she interest those bonds for two three. or even
i've years she is in danger Of losing H. for she
has the most complete security on all thce cprp0rats
property OF this railroad company.
Something has been said about the value OF these
wagon road bonds There Il no doubt but they vii
disposed Of in the county at ninety cents or more
on tbs one dollar. Responsible men have told IN,
that they wonli cash thcn at that price. The bond
issued 10 the r;siroad company would be among the
best of securities Possessing unsurpassed resources
an intelligent and enterprising people slight In
debtedncsS, and ample and increasing resource -
Butte county bonds will be among the first sough
after and win command a high price in market.
All the loss tht Butte Is halde to sustain, az ha
been sceA II this $ij 500 xpended on wagon roads
{ and IL any Mathematician can figure outa resul
showing that II would be- n loss to the county, h
can keel me to such extent that will Withdraw
from the contest for he must have gone far beyon
me in mathematics.
: What would Butte got from th' enterprise On
Of the first nanl towns in theState,a powerful stmu
a liant u Industry, "A vast accumulation Of wnalth
greatly increased resources fine carriage roads Il
r the different parts Of the county, cheap freight'
4 rapid, easy and cheap modes OF travel and th
commendat tons of the whole country for the enter
prise OF her citizens and her sound and wise publ
o policy Her people aware ofthese things
{ Now, Mr.. Editor, hope you will stop calling IN
r by those hard names. do not exactly like 1t,
IL all folly. The people know all about this. 1t
better to use argument. Reason - n higher attri
butte of man than passion. 1t Is far more noble t
appeal to the reason Of men than their passions an
/ preiudiccs Besides don't know but might q
annoyed about 1t, after awhile, and say some har
things back, instead oftalking reasonably aud the
both Of u, would resemble the ass, who treats n
0 questions alike, and uSes the same argumenton a
y occasions Your obodient servant,
. A. s HART
i Oroville, May 9th, 1885