The weekly hawk-eye. [volume] (Burlington, Iowa) 1858-1860, 1858-11-16


...A .aa,,,ooa,sauars half he sbove price. ~
puRLIHaToN wEEKLYHAwK-KY
RallrsAAs ana ssats DsDs.
IN. beuevo.sss gsaslsasn who peoposs
h,d railroads for us, II the State will only ~
u;.h the mesOs, profess 70 believe they Aa'
ii, upon scheme By which the 6nal repay
men. Of The neDsy iens By the State and q
.o..,ruction Of the roads can bs secured q th
..m. lime. Oos Of The most intelligent Of the
dunbar has ventilated his project in the Do
huoue Times and - his 10 fair ssassnent
-. rronosision We quote from IL: W
:. ,h..sr.t place. The credit Of the State !
nd Tha example Of our young sister STAT
~ ,oom 20 doubt that money can b
Ns.";..S :, . reasonable rate Of interest," ant
.,non s.,;sf.ctory terms - 20 time. Les so'
Sip.. spSs ,h.n .oree 20 loan to the companies o.
o. .S :, ~. leading lines Of Railroad $4,000
a. ...h mile Of road already conss1uc.so aoc
n oneratiop. and At the same Fass ~. 49,
ten miles that shall be hsreane. oSus -. 49,.
i;m;,;nc the amount TO be loaned LOT escn
20. md The 6nal amount, 90 ~ to bring II
y;,h'n ,be compass Of the means OF the State
"a meet the interest thereon, taking . mort
s.gs upop the road and oil its property - Sc
curity
H. win bs observed that shis gentleman pro-
nose, 10 lend $4,000 per mile 70 each and
.,.rv Railroad Company in the State for every
mil. I. already constructed and in operation,
..d Al tho came rate for every ten miles that
sb.u b hereafter constructed" Let us look at
this proposal moment.
rhsrs are six contemplated roads across the
STAT. aside from the Washington 4 MahaskA
b,.ocb Of the Mississippi and Missouri road,
viz -
The Southern Iowa, 4..~..
The Burlington Missouri River,
The Nississippi & Missouri,
The Iewa Central Air Line,
The Dubuque Pacific,
The AcGregor Road.
We 7lacs tho average length of each Of these
roads at three hundred and twenty five miles,
thus making . total length Of nineteen hundred
and fifty miles. II the proposition Of OSr Du-
brque friend is adopted, and $4,000 per mile
is granted TO each Company for every me
constructed or that may be constructed" We
saaii have the snug little aggregate Of $4,000
wv for our State Indebtedness assumed on ac-
COUNT Of these six roads. But there other
roads OF great merit that demand, equally with
those named, encouragement and support
there is the keokuk l. Des Moinss Road with
shout the same length OF line, and there is the
Chicago, Iowa L Nebraska Road, that is GER
.Aiuy entitled to the fostering care and credi,
Of the State if any road is, with length Of line
Of probably about two hundred miles. Add
$4,000 mile for each Of these roads and ou
State Indebtedness will be swollen to $a4,75O,-
0oo II to these be added $4,000 per mile to
the Dubuque Southern, the Dubuque l. Min.
aesots, and the North Missouri roads, our State
debt will exceed $50, 100000.
Il is said, however, that the amount should
be "hm:ed Tor each year, and the final amount
20 as to bring it within the compass OF the ,
means Of the State to meet the interest there 4,
on" One might very well think SO; but the
The difieAlty is, that the moment the final
amount is limited" that moment the entire ar.
gumens Of the Dubuque gentleman is destroy
Cd, for he bases it wholly upon State develop
msnt. He contends that it Is the policy Of the
State to lend money to the Railroad Companies,
because, il their roads built, population :,
viii seek those portions of the State where it
would rot 60 if they were not built, and as
sumink that they will not be built without that
aid, therefore he agrees the State should fur :
nlsh H. Wig then, We ask, exhaust the means ;,
OF the Stale BY paying $4,000 per mile for ;,
shs roads already completed: The Western :.
Counties are those that most nesd develope-
nent and, surely. if Railroads will benefit the
the Eastern portion of the State they will much
policy that just6es building road through Du. B
huque, Delaware and Buchanan Coun lies, re. y
qurs the construction Of one through Franklin, G
Kossa,h and Winnsbago? Will it be possible c.
10 limit the amount without doing injustice 10 II
one halt the Slatey Will it be fair to assist in Sc
building the roads half way across the Safe "
and then leave the Western Counties who pay Gi
their proportion Of the State burdens, to build w
sns'r own railroads. Agan,.ws ask, if there Nj
@sss be Limit to the amount lent, and if the CT
Oaouque and Burlington roads for example, shall hI
zach be entitled to malt million Of dollars un. D,
DER this scheme, will is be wise 10 allow that st
sum to be applied towards paying for those St
portions OF the respective roads already con- St
siruc,sd and running! There are three hun St
drsd and forty miles OF railroad in this State w
bow in operation, which under this scheme w
would be enutled to %, 400 900, At $40 900 per CT
nile. One would think that justice ~ well 40 w
this much wanted "policy" and "dsvslope Bs
Menk fho0rv voulA uenniro that ehia ann, ;c IT,
lsnt at all, should be applied toward the con- NJ
Nruc'ion Of some part Of the roads that pro-
badly would not bs built without it. Pa
The originators Of this notable scheme pro Ro
Ices 10 bsileye that the State will never sustain Ru
pas oy lending Its credit because the "Com- Ri
pAnis' shall execute mortgages upon the roads He
MD al their property 10 security" for the re-
payment Of III. money. We would be pleased
70 KNOW how the roads will ever be built it the th'
oo1Pahies hrss execute mortgage to the State Jo'
u 10000 per mile No road Of any magni- ag
uoe or importance win ever be completed IN DE
owa at an average cost OF less than $22, 900
t' mile. Sections may be put in running
or for less, but none will ever bs fnished un.
sr that sum. Where are the other $l2, 900 y,
er mile coming from! 1t cauno. be raised by
rvate subscriptions 70. our railroad sgitators :.
re not noted Tor the amount they Individually
a'sst in such enterprises. There have not
'ssa $500. .00O Of private, resident subscriptions
lssaaiiy paid in cash TO all the railroads in the
'Ats. Every man in the least conversant with ;.
Ss SUBJECT knows that it could not be raised on
'eoad mortgage bonds. for they would not be
.o'" on 40 average Eve cents on the dollar ma
- mortgages 70 the State therefore must oper ma
complete extnguisher to the roads un. mai
'as eoduonal amount necessary TO com. ef
80 sAsm Cab be procured by county, city and Fill
e subscription Can any one estimate the dal
''aous sacrifice at which this would be done q q