Evansville daily journal. (Evansville, Ind.) 1863-1866, 1865-10-02

bridges, cross lies iron Fails 100 pounds
70 fhe yard1, chains, spikes, track-laying /
ballssting. depots, and water stations III
Mr. Ingie said, 10 one of bis letters,
Il would cost s2,000,0000 Does he |
know better than the engineer 81
Deduct tWothirds from all his facts ct !
figures, for ezsggerafion, and you may
approximate the truth. The work was
continued some months after this re-
port, but | can find no report showing
how much was done. The report cited
was based upon the contract between
The Railroad Company and Carpenter q
Co, and the sub-contracts which Car
panter d Co. had made and il shows
that the sub-contreetoFs, under their
contract, we're getting more than one
third Of their pay in bonds and stock,
the pr0portion being about aa $e5. 00 in
bonds ana stock 70 $4,000 In cash.
The bonds were az no time worth more
thau IS cents on the dollar, Ia cash, and
the stock had no market xalne-no
value at all except an entirely prospec-
live one Making & fair deduction for
the difference between bonds AAd stock,
and cash, the above estimate of $751;
900 80 to finish the road, would have
been $493.42500 q 81 @1lEs
No ballast can be got on the line, and
IN this. respect the road 10 IKE Mr.. In
giles road from here to Vincennes. For
this deduct fsqmthe estimate SIS 800. co..
The iron chains and spikes il 10 propes-
ed to buy with the bonds of the road.
For those deduct $332,290 for iroa !,
aud $23,500 for chains and spikes
Then ~e havs* - - = - = >
Estimaied cost Of anishing road, iron
and AZ St9s,3z6
Dsdrct bsilast, iron, chains and spikes 4ts,zso
-pouble This for iDoieESI sest eFtasor,
II Gss -....-.-..--..-.......s.-- 4I'lSo
Add Wss haze 1910
Add forereFheering andsaIaries........... 1880
eentin seieiea -o.ooO
Co.'S 70 AZ read for iron, with d4pOts, &c,
sfd laying rack .-.-.......-....-.-.-... 1884,
| $4,000 otty Bonds, at so ceats, viii
pay ...r...-.,....---.---.-- 10 600
BaiaHeq tof spbsaTibsd BY inlividuals al2,z7O
II / believe ten times this amount can be
procured with but little trouble. The
Council can, In their subscriptions, pre-
scribe such conditions SIS they please
concerning the disposition Of the bonds
and of the money for which they may
/ be sold. They may appoint their own
agent 10 selfthe bonds and pay over the
money according to the terms of the
subscription. .sAac bnr ai5sa
/ Your anonymous correspondent sug-
/ gesfs thst,ther city turn is back upon
the Straight Line, 10 which, she has al.
ready invested 800, 000,f and wait for
others to finish IN, and take stock ia the
Henderson and Nashville Road. If be
will look at the 40th clause of the 30th
section Of the city charter, or ask any
i lawyer, he will learn that the city has nc
power to take stock in that road. Let
4 the city help to finish the Straight Line
and let individuals take stock 10 the
HenderBon and Nashville Road He
suggests, also, some magnificent eDgi
neering on the opposite side Of the river
in the shape Of pile.driving, &c, in
which the city cannot lawfully engage
After every freshet for forty years have
heard that the Ohio was about to oreal
through the peninsula, Eve miles abovt
town, and therefore don't acare well OF
that subject If yonr correspondent hae
studied more the law and the facts in
yolyed, and paid less attention to Mrs
Toodies, he would be more competen
! TO advise us. II be will assure us tha
he speaks from experience with refer
enes TO the course of Mrs. Toodles, ",
viii hear him with great pleasure OF
that subject. Jas G. JONES.
Sept. %, 1865 la 50 o Is