The Valley Virginian. [volume] (Staunton, Va.) 1865-1895, 1867-10-02
s2,loo.ooo

So, 100 600
Applicable to the road from Gauly to the Oiip
including the Point Pleasant and Sandy
Branches, or about $40 miles Of road Those
counties propose to raise an amount OF stock
sufficient, with small loan, to complete that
part of the road, in which they are directly
nterested Thereis no question about these
subscriptions being made, If the people are
satisfied that their funds will be expended in
accordance with their wishes Measures are
now being taken in Ohio and Kentucky to
construct connecting roads from Point Pleas
ant as well as Big Sandy. and those connec-
tons, with the system of roads on the North
side as we'll as these on the South side OF the
Ohio, will no doubt be completed as soon as
our iues are opened to the Ohio. The sub
scriptions already made, and proposed to be
made, by the counties on the line OF the road
west OF GiuIey, are extrcmeley liberal being
from ten to twenty per cent. Of their taxable
property.
Greenbrier has subscribed. $3.50 00O
Monroe failed b. two votes but wlll SUBJ
scribe Z0U.UuO
Webster, Poeahontas, haielgh and Mercer
estimated at............ OOUO
Applicable to road east of Gauley. S0Oo.v0O
Amount estimated West of Gauley s.. LOO OUO
$27Uu.0o0
The twenty counties situated on. or within
forty miles OF the road, have taxable proper
ty OF only about $50 600 900. and their sub
scrptions upon the above estimate. which will
no doubt be realized, will average ab5ut nine
per cent OF their property. The present tax
alton upon these COUNTIES varies from one TO
two per cent. 1t must be conceded shat the
people OF West Virginia are disposed to con
tribute their full share to this great enter
prise and il corresponding aid is furnished
by the people OF Virginia, who are equally III
terestcd, adequate funds will soon be raised
The city OF Richmond and the counties on
the line of the central Il. r. including these
on the short line from Charlottesville to Rich
mond, have according to the auditors report
the following amounts OF taxable property
Allegheny 81 .O37 600
Bath. 3lLSlUV
hocE bridge ~ uoo.Vvo
augusta 0!2. 900
Albemarlc ). 4 ~ 4voo
Fluvanna*. IS. ooV
Goochland -. ohs wy
Hanover :o1V ooV
Henrlco 50 COS Ooo
Richmond. $50 $50. 0OO
Total property l. o2o.oo
*No returns from Flsyanna estimated as
equal to Goochland.
per cent on $40 100000 $4,000 coo
Ii the Western Counties can subscribe nine
per cent. OF their property, cannot the Las
tern Counties, including Richmond subscribe
five per cent? Richmond has subscribed
So OU0OGO upon property of $4,000 600
This would ie's:e three per cent, on the prop
erty of the other counties to raise 81 500 0UU.
Allegheny having property Of only 1000
600 is about to vote upon subscription OF
$50 0O0
WHAT WILL BE THE AMOUNT OF TAX ON A
COUNTY.
The subscriptions arc not binding, and the
work is not to be commenced until at least
S. 600 600 of stock is subscribed; with this
amount raised and ii small loan in addition
will open the fist line to the Ohio river =
This can be done in two years; when the
road is opened the right to eight per cent
dividend accrues. Those dividends will be
sufficient to pay the interest which the coun
~ will pay on its bonds, issued 10 pay Tor its
stock. Surprising that the work is commenced |
on LIST january next and that the stock is
called Tor i'll four quotas. as follows: One
fifth during the LIST tx months, one fifth 2nd
& months; one fifth in third SIX months aud |
two hfths in last six months, and that inter-
est is charged en- he bonds. from the 1T day |
OF the six i..onuis ia which they are issued
the county of Augusta upon subscription
of $500 600 would pay as follows:
$780, 600. LIST quota percent
payable LIST July, 1868 ...-S4 GOO
SluU 100 I'd quota per cent. s..-.
payable Is, JAN, 1863, ......4, 200
SlOpOGO, ls quota per cent.
payable lsi Jan, 1863, ......4 600
Tax payable LIST Jan, 1862 ..........Ss; coo
5 10000 Bird quota per cent.
due Isl July 1863, 600
800 900 I'd quota pei. cent
due lst Jury, 1869. ..........y4 GOO
S 000 LIST quota 4 per cent.
due 1st July, 1869, coo
Tax payable LIST July 1869. GOO
100000 lh quota per cent.
due LIST Jan, 1870 ............ SIS. coo
500 900 3rd 4lola4 per cent.
due Isl JAN. ls7O....... 1900
Sl0O 600 I'd quota per cent.
due lst Jan, 187O...........4,O0 600
SiOO.00o LIST quota per CEN.
due LIST JAN, 1870, ..........400 COO
Tax payable LIST January, 1870 $50 00G |
Total amount tax payable in two years. S4i,Oo0
hfl of l,fn II Z hon DIS ut