The star of the north. [volume] (Bloomsburg, Pa.) 1849-1866, 1859-06-29

$4,000 10 yield the aame return, if the out
let for ffre grade of the Bald Eagle valley 5e
forced through its western connections.
What same mind would send goods and
passengers westward, in order 10 arrive at
an eastern point, and who would prefer roa.
ling his burden up hill, when by simply
turning round it would of itself roll dopn
and reach the same point s--~hy should
the enerprising peopfe who have, unaided,
graded this road, not carry tho goods and
passengers of its local trade over their own
roads and swell it's receipts, rather than
permit il 10 wander over other roads TO add
10 their revenue? If therefore, distance,
cost of transportation, dividends On your
stock, and interss. on your boa9s, are quesr
lions involved, and which wi1 Nbe satisfac-
toriIy settled by the connections you have
10 show what I have before stated, that the
traffic of your own road, from every point
on ii, gravitates to Lock Haven.
Like advantages are to he found in the
route to Philadelphia, the difference in dis.
tances being, of course less. Lock Haven
and Tyrone, by their.fespective routes, are
about the same distance TO Philadelphia
and Bellefonte, in like manner, by either
route, with this distance, that westward the
grade against the trade-East it is in its ia.
vor.
MIR. Osborne stated that the whole Sub.
ject had been Carefully examined by request
of the president ofthe Cattawissa, Williams.
port, and Erie road that from his express
ed desire to have this road speedily finish.
ed, they had visited the country ioTexamine
its resources, condition of the road, sc, and
he was happy to be able, at that meeting
10 say that, so far as they wers concerned,
they had witnessed enough TO convince
them that it would be a safe investment for
them, and that there was abundant proof OF
the road from its own resources being re-
munera,ive that with such feelings, desi
rous Of carrying out the wishes of Mr.. kim:
ber, they were prepared TO become large
subscribers 10 the bonds, undertake TO put
the work through, and get the road in run
ming order this fall, and ifthe present own
ers of the railroad would take among Them
selves few shares of these securities, the
city of Philadelphia will this autumn be
brought within two hundred and fifty miles
OF Bellefonte, while at this moment she is
more than one hundred miles from Lock
Haven, and near four hundred from Phila.
delpbia, estimating the time of travelling as
per railroad.
The proposition for putting the track on
that portion of the road between Lock Aa-
ven and Julian furnace, was discussed by
Hon. James T. Hale, E. Blanchard, T. A.
Mackey, DR.. Underwood, and others.
Col. Joseph Paxton was now introduced
TO the meeting:
Col. Paxton said that certain prosperity
awaited The Tyrone and Lock Haven road
from the day of its opening. In the course
of his long, but pleasant days ride from
Lock Haven to this place, he had been
greatly struck with the progress this wild
valley had made since his last visit, some
twenty five years ago. ,
The cultivation of large portion of the
district passed through was equal to that Of
the oldest settled and most improved coun
ties of the State and The iron furnaces and
saw-mills everywhere in operation or await.
ing the opening of the road to CONNIE nee
operations, insured the very first year an
adequate return for the bondholders, and af.
ter that year would unques,ionably remun.
crate the stockholders, for their investme mt.
He desired to assure every capitalist pres
ent, that at seventy-five per cent, the price
proposed to offer the bonds at to subscribers
and in view of the ample time given for
their payment in cash, every subscriber
would, in his judgment, make money by
the operation, in additi on to the great aid
he would render to the road and to his 9th
er interests,
He felt sure every party present, Of who
should hear of the proposition, who had
money to invest, would conclude with him
that these bonds at seventy-fve per cent.
were safe sure reliable Investment.
They had all the security of a nioftgage
on real estate, with vital income. coming
in every year, to pay the interest and di-
minish gradually the bonded debt.
Col. Paxton added that his experience of
railroads, since their first introduction into
this country, some twenty-five years ago,
had been very considerable, land he felt glad
to assure the gentl emen interested that he
had never seen cheaper, straighter, or a
better planned road than the Tyrone and
Lock Haven road. He had himself paid out
in cash, for the construction Of a single mile
on the Cattwissa road, more than the aver-
age cost of six miles of this road when
completed. And yet the Ca,iawissa was
now earning and paying the interest on the
bonds, and In year or two would pay d.
vidend on her stock. lie felt sute. there.
fore, that this road, on the small construc-
ton cost of SIC. 900 per mile, would imme-
diately and amply pay the interes. on the
whole stock and bonds and he earnestly
recommended the subscription to these
bonds, as very desirable investment for
families or estates, as we'll as for the pur,
pose OF completing the road as proposed at
this time. .,.,-.s.a.,,,.,
On motion of DR.. Wan. u Updeswoud, it was.
RssolUsd, That, in the opinion of this
M no tino ths. x,s.no,.,.o. .rk,,:..-I L..