Bedford inquirer. [volume] (Bedford, Pa.) 1857-1884, 1868-04-17

Vt the company. As many more can tontri-
oaie 5000 each, and an equal number $3.50
eaeh5 on the average, making a total OF
$4,000, and the townships through which
the proposed route lies can, without difficult
ty, contribute the following amounts Bed
ford township. $4,000; Napier township,
$50, 600; Harrison township, SS. 900; London
derry township, Sl3 ,000-making, with the
town Of Bedford, the sum Of SI06, 600. and
other townships might be relied upon to
contribute enough 10 cover any excess in the
foregoing estimate.
''Ihe second resort. which should be only
auxiliary to private subscription, is eoCniy
subscription to the capital stock of the
company, upon the following plan. which we
think the only proper one.
'lst. No bonds to be Issued, but the
subscription to be paid in such number of
instruments as vii prevent the tax for the
purpose from being oppressive. ID Separate
receipts to he given for the railway tax these
receipts to be transferable as any other person
al property, and convertible into private
stock whenever presented to the secretary Of
the company, in amounts equal to one or
more shares of the capital stock. 3d. The
county to be represented IN the meetings of
the shareholders BY proxy who shall vote
on the amount ofcounty subscription paid up
and not converted into private stock. 4th.
The assessed valne of taxable property in
Bedford county is about 81 millions of
dollars. A tax Of FIVE mills per dollar on
this amount for six years added 10 a private
subscription Of the amount indicated above,
would place the finances d the company on
such footing tha It's bonls for the amount
required to finish aud equip the road, could be
disposed Of without difficulty at high rates,
and not only the completion Of the road but
its success as & dividend-Iaying Investment,
insured. y
This show Of resources oubtto stimulate the
good people of Bedford to iarnest action in
the premises. There is no iced to look for
"help' from abroad, Fhen there IS a
means Of success at homein aprivate sub
scriptlon and ''taX Of iivt mills, on "84
millions of dollars, for ''sx years.
a cheaper plan and a surlr plan, 1t seems
to US, notwithstanding the four alternatives
suggested, would be to guarantee somehow,
a million loan to be createdby the Hunting
doa and Broad Top RailroadCompany, secur
ed on the 80 miles of Dad to be built
with its proceeds, from Mouit Dallas via Bed
ford to Bridgeport. The H & B. T. X. X.
is now "A miles long from Huntingdon to
Mount Dallas, and 30 miles added would
make it "a miles long reaching from the
Pennsylvania Railroad Ct Huntingdon to the
Pittsburg and Conuelsvile Railroad at Bridge
port, making the Huntingdon and Broad TOP
Railroad exactly the same length as the
Cumberland Valley Railroad from Harrisburg
to Hagerstown
The Bedford r. r. from Hopewell to Mount
Dallas, Is miles, was merged in the Il. d B
7. r. r. on the 30th JAY, 1864, previous to
which merger the II. &B. I. r. r. was
only 3lm. long. Bedford to Bridgeport
will, when built, be a success as a dividend
paying Investment" q guarantee might be
given without pecuniaY risk. Or If there
be legal inpediments in the way Of guaran
tee on a million II. & 3. l. r. r. bonds, let
the citizens Of Bedford, borough and county,
subscribe a respectable bonus to induce the
parties in interest IN the Huntingdon aud
Broad Top Railroad to extend II to Bridgeport
A pledge and contract to pay Pacific Rail
road rates aud fares for Eve years would be a
lighter burden than a five mill' tax for
''six years.
At all events, it might De well to try change
of base, by negotiation xith the II. 4 B. J..
r. Z. Co. TO urge it % occupy the whole
ground, Ia lieu Of organ zing new company
on the - miles petween Bedford and Bridge
port II will not do for Bedford to permit the
present excitement to slbside, lest thereby
Railroad and Mining hegjster
The Register does not appear to be well
informed in regard to the nature Of the
ground for railway FurPases, between Bedford
and Bridgeport and Mt. Dallas and Bedford.
It is asserted by persons wh' are competent
to Judge, and we think therenre estimates Of
engineers who have examined the ground,
that it will cost less to builda railroad dis
tance of twenty miles mot twenty-five as the
Register has it) to Bridgeport than it will
cost to build a railroad letweeu six and
seven miles TO Mt. Dallas Further, our peo-
ple prefer a connection wbiA viii place them
in direct communication with Baltimore,
Washington and Pittsburg instead Of tying
them up to PHILADELPHIA, ely that has spent.
through her pet corporation, almost millions
to keep US out Of railroad faalities, and they
want that connection TO be under the contro
Of parties who are not in he interest Of the
Pennsylvania Central. The people of Bed
ford have given about as much money and
other substantial support to Philadelphia as
they feel disposed to give until she deter
mines TO make amends for the treatment she
has imposed upon us.