The Evansville journal. [volume] (Evansville, Ind.) 1866-1870, 1869-07-10

mature. and shall execute It's oDllga-
ton to that effect before the delivery
of the said bonds.
To secure the performance by
the said Railroad Company OF Its SAID
underta king, the Company snail trans
| far and deliver to the county, an
eousl amount of It's first mortgage
bonds. to be held as collaterals; the
said collaterals to be placed IN the
hands of Jackson McClain, Ill. +.
Turner. and Henry Dixon, and to be
held bv them until they, IN con
innction with the directors from this
eonntv. shall deem it safe and proper
to deliver them to the Company, the
time of such delivery to be. deter
mined by a majority OF these persons.
4. The said subscription shall not
be binding upon the county unless
FIVE hundred thousand dollars Is sub
scribed; the Company having applled
TO the city of Evansville and the coun-
ties of Henderson, Hopkins and Chris,
tian. for a subscription of SIX hundred
thousand dollars, upon the terms
above stated.
The court. as required by the law,
has submitted ts the qualified voters
of the county, the question Wheth,er
the subscription shall be made; 10 De
determined at the ensuing. AugusL
election. a majority OF the Voaes
cast at the election must be gwen Tor
it, or it will fail every man who votes
at the election, anddoes not vote Tor
the proposition. will be eounted
against it, so that there can be no
neutrality upon the question except
by those who fail to vote.
1t Is a grave, aye, grand question,
not only involving hundreds OF thou-
sands of dollars already contributed
to this road, but destined to effect the
development and prosperity OF this
city and county, and all this portion
of Kentucky, for generations to come /;
and we entreat for it the earnest and
candid consideration OF the voters OF
Henderson County.
1t is important to know that this is
not the road OF any private lndlvIdu-
ais. but is the road of the people /;
private individuals own two hundred
thousand dollars of its stock, while
the cities of Evansville and Hender-
son. and the counties Of Hopkins,
Christian and Todd own one million
one hundred thousand dollars of
it: and these communities haI a5sO-
lutte control of the road, anu ic Is
they, and not individuals, who have
submitted this proposition. The city
of Henderson owns three hudred and
| sixty thousand dollars In this road.
which has built the road through
/ this county; she is willing to go one
| hundred thousand dollars more, and
asks the county for the loan Of its
credit for the little amount to aid IN
completing the road, and saving what
| she has invested in it. If the two
hundred thousand dollars Is voted,
! the city will have to pay One-half oil
it-that part of the county outside OF
the city the interest on the other halt
for three years, alter which 1t will De
paid by the company. The amount
TO be paid by the county will be sew
en- thousand dollars a year for three
years, or twenty one Thousand
| dollars; while the road is now worth
more than one hundred thousand
| dollars to its people as a means for
travel and transportation. The cold
| est Yankee calculation, and the sheer
est Justice would demand that the
people of the county do thus much,
in return for what the county has re-
ceived but when we consider that the
| voters Of Henderson are kentuckians
| with hearts In their bOs0ms ana a high
sense of honor about them, we know
their generosity VIII compel them to
vote 1t.
They wish only to be secure in
loaning what is asked of them, and
that it will accomplish the great en-
terprise so necessary to the develop
ment of their country.
To secure them the company gives 9
first mortgage upon its road by de-
posting its first mortgage bonds in
the hands of citizens of known judg.
ment and reliability, to be held SC
long as they deem the interest of the
county requires it. Wheu the money
which is asked, aad the other mean;
in the Company's control are ex.
pended, the road will have cost two
millions of dollars, and will be amp.t
security for its bonds.
Sixty-three miles Of the road are
finished and in operation, leaving g
gap Of thirty five miles to be finished
These means will be sufficient tC
grade this gap, and put the iron upor
twenty five miles of it, leaving only
ten miles to make a complete road
and open up this great Commercial
highway. 1t will then be for the
counties to say whether they viii
give up the first mortgage bonds tC
be sold, to complete the road
and take some other security, oil
whether they will hold to then
and leave the road to resor
to other means. In either event
the people will be safe, ant
+ will be sure of roa1, which viii
constitute one Of the most importan
avenues of commerce and travel OF
the continent, and will impart an nm
wonted life and energy to ali this sec
ton of our Commonwealth. A gene
ration, almost gone, has been wasting
, its energies upon this great work ant
now, upon the very Threshold of it
conslmmatiJn, it were a shame 70
US to abandon the glory Of it t
strangers.