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


the result will be satisfactory to all.
The Bonds by . Contributor.
We are obliged to coudense the con-
,ribution Of our friend. but retain oil
the points made. The proposition is
first sta,ed"tbat high tax will meet With
high opposition" and the subject is
thus examined:
The only substantial objection to vo-
ting the bonds. is that debt is created
which will require US 10 tax ourselves
$1,000 year to pay the interest at 6
per cent. per annum-or for the 80
years Ss7O. 900, and this added 10 the
principal. $50 900. makes the entire
amount s45O, 900. to be paid during the
80 years from the date of the bouds.-
In consideration Of this the county re.
ceives ei5O.O0O in full paid stock Of
the railroad company. issued at the time
Of The delivery Of the bonds. What
will be the value OF ,his stock when the
road is completed as proposed This
road will be continuation Of the line
from St. Joseph to Atchison. and in ad-
ditiou to all other advantages Of freight
and travel. it will earn similar profits.
and these. ON the road named. are now
said to be 80 per ceut. per annum.
The Illinois Central is another exam
pie. Our road, If built. will soon equal
the Illinois road, in all probability. for
ary other great through line from east
to west) for We have the vast country.
the productive soil and the enterpr:sing
people to realize such results: and the
stock Of that road commands higher
premium in the market than the best
government securities. Our road being
the only route 10 New Mexico and all
the wide region on either side. and ulti-
ma,ely connecting with the leading
roads Of the land, nsusf be one Of the
most profitable that can be built. Con-
nected with California to the west, to
Texas New Orleans. Memphis etc.. 10
the east and south east, as is the design
in the end, the road is destined to be Of
L.. e.
while the roads to the Pacific coast by
more northern routes will be blocked up
with snow four or Eve months in the
year aud rendered impossible. this road.
running SO far south as to miss the heavy
SHOWS Of the mountains. viii be in run
ming order all the year round. which
must give it great advantages. as will
be seen at a glance.
With this extension Of the line, all
the region southwest of us, immense
and vast. with its various products. will
contribute to the earnings of the road
ard the whole line of the road, includ.
ing that which is in our county. will
share the profits. The tide Of emigr.-
tion will roll onward like huge wave
along the line Of the road. AS is always
the case with railroads. and this, too.
will enhance the value Of all things
lands. property. stock-ou the route.
Again. say Is miles Of the rosd runs
through our couuty-at $3.50 per
mile. This will be worth S625, 900. This
will Offset the interest Of the money we
propose TO invest 10 the stock Of the
road, while it appears certain. that on
iss coming into operation. and We firmly
believe from its 6rst stage Of operation.
the run between A.chison and Topeka.
the stock will not cnly pay the interest
on the bonds. but will leave balance
in the county fund. and instead of be-
ing felt Q burdensome debt, hanging like
an incubus upon US. will prove a source
of wealth to ourselves. rich legacy to
our children, and monumen. Of the
energy and sagacity which secured
their lasting welfare.
But further. In Illinois the value OF
lands through which the Central rail-
road took its course. doubled immedi.
ately; and the circumstances which con.
tributed to the success of that line Of
road were so similar to those which eur-
round the incipient stages Of the pres
ent undertaking as 10 afford prospect.
Of at least parallel results, so that We
may we'll expect the average price Of
land through the county will be doubled
if not quadrSpled BY the augmented
number Of actual settlers which the road
will induce TO come among US.
The tax 10 pay the interest on the
bonds is 10 be assessed upon real estate
s!enr. and neteen-twentielhs Of the
Isoj in the county is owned BY non-
resljcul,; hence, it will be seen that the
class Of spectators, who have SO long