The independent. [volume] (Oskaloosa, Kan.) 1860-1874, 1865-09-02

Mr.. EDrroR.-Will you please an
swer the following questions in your
next issue?
!. If the county should vote the bonds
for the railroad. and the road afterwards
be mortgagsd to raise funds. and the
finally get the road-as is
generally the case-what becomes Of
the stock?
2. If the road should only be built
five or six miles through our county.
will not the bonds be issued, and will it
shen pay!
3. II the bonds cannot be usea BY
the company until the road is completed,
why do they insist on the vote being
taken before the road is located.
4. If the road runs to Monrovia from
A:chisou. and then direct to Topeka.
will i, not 60 several miles beyond Grass
.aoppes Falls. and consequently be Of
itile comparative value to this county !?
S Suppose the people vote for the
issuing of the bonds, and the road does
no; enter the county at oil. will no, the
bonds still be issued
6 Would you, individually. if you
had ol6o. .oc0 to invest 10 railroads. sub
scribe that amount to any road before
YOU know where it would be located?
Answers.
I. We. DO not understand that the
mortgages coming in possession Of the
road viii affect the rights of parties
holding s,ock-the stock is good no diff
ference who may hold the road.
2. The bonds may be issued if the
road only goes three miles IN the coun'
,y. Or one mile, but it would probably
not be doss. 1t would certainly not pay
under the circumstances.
3 We do not see the propriety Of The
urgency Of the company in this matter
II is mistaken policy and makes voter:
timorcus about taking hold Of the mat.
ter. We think it Was very seriou.
mistake. and policy without good rea.
sons to sustain il.
4 We 50 understand the possibilities
perhaps p i9 ,s We might say say the probabilities %,
roria 70 Topeka viii 60 north Of the
Falls. We think q least three miles; bu'
.ll will depend upon the judgness o.
the engineers who locate the road.
S. Under the Law ,he bonds can b.
issued if the road misses the county
entirely. provided it comes near tb,
county. We presume. however. th,
Commissioners would not subscribe th,
stock ut all it the railroad missed III,
county. as
s. That would depend upon circum
stances altogether. If we had til,
money to invest. We should put it wher.
we believed it would pay; bu, IL the in.
ves,mens was contingent upon local in'
isrests: If We had a tract of land or otheu
possessions the value of which was tc
be enhanced By the road. we should mol
invest. Of course, until We knew where
the road would run.
R4MARKs.
We think the object Of these ques-
Lions. and Of much other inquiry. is 70
get spoa . sure foundation 10 reference
to 0sis question Of isssiag bonds. Peo-
pie are limid about railroad stock and
on the subject Of taxation.
As to The bonds. il there is no road
there. will be no bonds issued. let the
Vote be ever 50 favorable. There is no
quibbling or doubt on this point. The
only poin, of trouble is the location Of
the route. We have felt this from the
first. AID nothing has been said 10 re-
move tie difficulty more Than partially.
Achison county votes on condition that
the rosd may run to Monrosia On the
liue Of the A. 4 P. p. road and thence
direct to Topeka. In his letter 10 US
published lac, week, Senator Pomeroy
Gays, the vote is on condition that the
"Rosd passes through the county" No
such condition is expressed in the call;
il is left unguarded. We think tie Sen.
a.or is iil!s dogmsticsl. and lie has
nuwhe :. given q substantial reason for
n>siug the stock TO be voted before the
,ine 81 the o,J is located. If the bonds
could u Nv be used there would be =
,exson tor the urgency: ss they cannot.
4 .sea' n,apJ i,rrsops-timid. .as We have
said. u, such a,.iteIs-lear a, there is
i,ick. Ne; brner. S.HaioT Pumevoy |
..cans wh.; be says. but he has 10 pow.
or to l,sa:e the rnaa. an1 he cnmpany
mn, .I,c. another frcsiJ. p; u =; year,
.,l al ,i.r assur ;.,.es l;s ei.ss may