Daily Davenport Democrat. [volume] (Davenport, Iowa) 1864-1874, 1867-11-27
The Peoria and Rock Rsland
RrklrO Oad.
From the Cambridge Chronicle.


". find in the Rock Island Caioa Q |
abatement that the shipments over the G.
4 r. from Rock Island and Moline sta
tions, during TIE month Of October, were
II 242.b7O pounds. We have shown that
. reduction Of ten cents . hundred from
prssess rates could BE- made upon the
amount Of freight carried BY the G. L r. |.
sod the c.. y. L Q roads, and still leave
the stock Of those companies remunerative.
Il 10 evident that the p. 4 X. / /, when in
operation, will create compslit;o on that will
bring frsighss down 10 the proper figure
the cheapest rate that win afford profitable
pay 70 the carriers. Then Rock Island and
helins might have saved, il the p. 4 X. l.
had been in operation, BY . reduction Of 10
cents . hundred upon their shipments Of
last month, $ll,242.57. That looks large,
but it IS only q reduction Of one mill
pound, or six cents on q bushel OF wheat
. rate OF reduction hat has been very gen
orally conceded as practicable to he effected
and which we have shown from the re
ports published by the e., Il. i =. com
pany, would leave dividend to the stock
holders of that company Of dorble the law
| fal rate OF interest 10 this State.
We invite the attention Of the people and
papers Of Rock Island 10 the subject. The
Argus has made great many vague charg-
es of swindliug intentions against the
friends OF tho Peoria & Rock Island Rail-
way, and in its last weekly We hnd tho fol-
lowing
| at was a wise decision by the people OF
this city, 20 keep out oi any entangenents
IN regard TO this road. Let the rich bond
holders who are SO anxious to have the
road built, risk few OF their no tax bonds
in the scheme, and not ask the people to 50
in debt for their benefit"
That sounds like ignorance, but it is not
it is dishonesty. The A,gus does not need
TO be told ths. the benefits Of this road are
not for the erich bond holders or capital
ists anywhere, but for the people along the
line and at either end. The Argus knows
i very we'll. 1t knows, IN the first place,
that the profits to accrue from running the
road must 60 70 the people, because il is
towned exclusively by them, aad must be
managed by them. And it knows IN the
second place, that the benefits to be derived
from the existence Of the road through
this county will go to the pcople-the ra0tt
people-of the section traversed by it. II
will 20 to every farmer who sells bushe
Of grain or pound Of meat or foot o
lumber, in the increased value Of those com
modities from reduced freghts, and to every
shipper OF buyer Of merchandise. Those ar,
the people to whom the 81 900 saved on Z
months shipments from Rock Island nnd
Moline would 60, and to whom the profis'
Of carrying those same freights would als'
20. The Argus knows oil this, and know
A. 49, !.
voting against aiding this road-doubtles
in the interest Of existing railroad corPo
sations. II falsely and dishonesty tells tn
people that this railroad is . scheme o
"wealthy bondholders.' intended to swim
die the people out Of their money for tn
benefit Of the capitalists. And when tn
directors Of the conpany-such men as MI
French, Of Davenport, Mr.. Lloyd. Of West
srn, Mr.. Page and An % Gould, Of Cam
. bridge, and Messrs. Hamilton, Cruger, De
. vein, Baldwin and Bryan, Of Peoria-whe
these men publicly, and in writing, pledg
! themselves not to expend money until tr
. completion of the work is assured, the A,
!. gus insults them by saying, but supposin
. they do expend it, what remedy haso sut
!. scribers ~ The Argus does not rcpresen
or advocate the interests Of the people {
Rock Island county, but wages unscrup,
lous opposition to the highest interests {
: those people, and endeavors to retain the,
L them in the power Of extortionate monop,
!. lies. Tho means which it employs is RIM
ing the well known changes upon 'taxes
taxes!' The Argue would save the peop
Of tho: city from being burdened with $50
600 Of debt, involving 81, 600 year in Ia.
es, "ior the benefit Of wealthy bondhol,
ers." Well, the Argue has saved thee
aud those people should rightly spprecia
The service. The people Of Rock Islar
should know that they are largely indsbt,
TO the Argue for their exemption from 81
900 . year taxes, IN exemption for viii,
b they and Moline only pay Gil, ,24257 in
d single month, to the "wealthy" stockhol
ers of railroad companies.