The Emporia news. [volume] (Emporia, Kan.) 1859-1881, 1867-06-14


Why the manufacturing interests of the
Valley should not rival, even excel, those
of Massachusetts,.
5tb, The Valley furnishes a natural
route for Railroad.
9th, The road will bring to our doors
Coal and Pine Lumber, articles that We
require for building and manufacturing
purposes. We must have cheaper Lum
Der and Fuel, and more Of it than We noW
possess.
7tb, The construction of our Road viii
be a sound and conclusive argument
against constructing a Southern Pacific
Railroad, aud will debar the building oil
such road for years Our road will re-
ceive the patronage of all the Southern
States For this reason the work should
be commenced nOU.
We do not ask you, gentlemen, to
leopard the financial Interests Of your
respective counties, ia voting to subscribe
etock in this company. We want you
to be as cireumspect as possible 10 guard
ing your counties against any possibility
of being defrauded of the interests YOU
may acquire in the Company. We do no.
ask any county 10 issue bonds until the rosd
is completed aud the cars running over il
partially or wholly through its territory.
OF course each county regulates les own
me;hod of submitting to the people the
question of subscribing stock. The con-
dition of the subscription will be alike 10
every county so far as when a bond Is
issued by county. the Company is TO
issue 10 the county 10 return certificate
OF full paid stock to the amount of the
bond. The county will then enjoy the beu-
e6ts of the regular dividends of the Com
pany. The county becomes stockholder,
entitled to all The benefits that may accrue
upon the amount of the bonds it holds,
by simply giving It's note or bond The
Company sells the County stock for the
county's interest bearing note instead Of
ready money.
Now to meet the payment of the inter
est of the bouds that may be issued, the
counties will have the benefit of the taxes
that will be collectible from the railroad
property within them. Take Lyon
county for an illustration: There will b,
about thirty miles of the road in tha
county. The value of the road with liz
rolling stock will be not less than twenty
thousand dollars per mile. This vii
amount TO six hundred thousand il
Lyon county. In addition the Com
pauy will own about fifty thous
and acres OF land within the county
| Assugedly the total value of the land vii
not be less than two hundred THOUSAND
dollars. This will make the total vaIu
of the Comyany's property within th
county eight hundred thousand dollars
A yearly assessment of two per cent. Oh
the Compauy's property alone, woult
more than pay the interest the count
would be compelled to pay on $500. 600
In addition 1t will also be remembered
that the county will possess the benefit 0
its proportion of the dividends of tn,
earnings of the Company. to help meet tb,
interest and hquida(e the principal.
Friends, this is noble undertaken,
that We are asking you to interest your
selves In. No harm can result to th
counties by their proposed SUD
scriptions. On the contrary, as CO.:
tain as we believe that you will re,
| spond-favorably to our appeal, we also be.
lieve that your action will be followed in
the Valley by an era of progress, ad'
vancement and municipal and individual
prosperity, unparalleled. and quite be
yond the realization of the most enthus
iastic Spectator. We ferveDtly sntici.
pate at your hands ia-this matter. sensible,
judicious. manly. intelligent, practical
and business like action.
Very respectfully your obsdient ser
wants,
P. B. PLUMB.
s. S. PROUTY,
J. w. MCMILLAN,