The Jasper weekly courier. [volume] (Jasper, Ind.) 1858-1922, 1867-06-01

\
ters. 4. we feel confident that Inc nos' m
vial interests Of the people 81 TINS a.
county are now at stake In thc cues "a
Tons arita,ing tho public mind IN re II
gard 10 the proposed routes Tor ra'i' Il.
road. Last week We alluded to wns' I.
We conceived 10 be the causes which y
led 10 the formation 81 rival comps II
~ Now we wish that both cclnpa :.
MES NAV succeed in building their \
road bat do no, think i possible, \
ara in this view i. becomes all think- i
ing persons 70 investigate carefully 4
which Of the various projects should
receive their encouragement ana sup T
port. ..As IL =
proposed roads pay a an investment /
tor foreign capitalists We pr, sumo !
M one Al all couyersant with the gen
eral business of railroads in Indiana.
ana the amount OF freight and pas
sencer travel necessary 70 earn inelT
running expenses. Will answer thls
question in the Affirmative. lHere T.
no question but either would pay tne
citizens and landholdsrs along tne
roads-not bv dividends upon the
shares Of stock. as interest which Tor
eign capital woulL demand-Dnt 10
the largely increased price Of their
products. the enhanced value OF real
estate. and the better market Afforded
Tbese interests would not be matters
Of profit to nonresident company
owning a road. On the contrary they
Look Tor the semi annual DIVIDENDS
mon the money which i takes
10 construct road for their profit,
and If road will not pay these dIvI-
deuas thev will refuse TO make any
permanent investment in IL Esti.
mating the cost OF the proposed road
from Grandview 70 Nincennes. fnlly
equipped. aud which the present com
pany propose 70 have built BY selling
il out to non-resldents, " S-V,vV.
rer mile-a very low estimate
viii take 81 100 900 10 complete tn'
road. Six per cent. interest on tnl
sum will be Si02 900, or about -,
900 Der week. There IS not = shados
OF probability Of the road, coming y
competition. as il does. a large part Q
the way, with the o. 4 ~ A., earn
iny this amount clear 81 is expense:
and no company, ahle to baiiu y,
likely to take the contract 10 90 =
expectiug 70 run it ak months Ns
gentlemen, il you wish 70 conPle'
your road, rely upon Your own r.
sources, and there will be less dang
Of yonr ultimately being swindied
II 4 company should be found WI
;ur to undertake 10 build the road \
$1,000 a mile--the sum proposed
what kind Of payments would tn'
demand. They build it on contra
specifying that when il - compiled
through q county. the money for n
portion Is Immediately due. Wh'
ever amount il subscribed by !
stockholders Of that county must ~
be paid al at once .instead Of IN insta
ments. as would be the case, were !
local company building the road. Z
n;tali,.s are careful to securc their
yestments lie yond all danger OF dea
panics. or other Unforeseen acclde'
4, Far a. possible. The safest SCI
rity Is based on real estate, 2
such. il therefore, the only one
which money kings will accommod
the public. Hence, the proposed I
nation Of $1,000 q mile will have
be secured by those subscribing
such gift, by mortgage upon u
real estate, before any capitalists
accept their proposition, thus invs
ing numbers who are not provid
enough to lay By the large amo'
necessary to meet their subscrlFt
all at once, and compelling them
submit to sale Of their real CO.
At I sacrifce BY judicial prcceediI
when the same persons may Be
to pay their subscriptions easily
called for in judicious installme
rendered necessary - the work
the road progressed We appreh
that il viii be found to be imposs
to raise tue requisite sum along
road, when subscriptions must q
backed by mortgages.
We throw out these, hints for