Vicksburg weekly herald. (Vicksburg, Miss.) 1868-1883, 1870-06-18

mends itself to the Judgment Of
your committee as combining all
the advantages sought for In tie 10.
cation Of a river terminus aud
transfer depot. '
A conference Of the several com.
mittees on the part Of the vicks.
burg and Meridian Railway Com.
pany, the City Council, and the
citizens, held on the 7th ult., re.
suited in the following basis Of
agreement, subject, on our part, to
your approval aud ratification u
Railway Transfer Depot to be
placed on lot bounded by Henry
street, the Oil Mill, Water street
and river front, with use Of Water
street, by double tracks and river
frontage; the latter to be only
used for freight and passengers to
aud from the railway and river.
The present passenger and freight
depot to remain for local business,
aud the road between present
depot and this transfer depot to be
made at 100 feet grade, aud right of
way secured for double track.
The excess incost of purchasing
this depot ground aud constructing
the road in this way, over and
above the cost, If located at the
Fair Grounds, shall be paid by the
city Of Yicksburg. This excess
shall be ascertained By the Mayor
Of the city, the Treasurer OF the
railway company, and If necessary,
by an umpire to be agreed upon BY
them. =
The only questions now remaining
for consideration In this report Is
that Ofthe probable cost to the city
Of the property above referred to.
On this point the committee have
diligently sought all the Informs
ton within their reach. OF the
fifty lots embraced in the three
squares referred to, the Rev. G. X.
Marshall owns some twenty two.
He has signihed his willingness to
sell his lots to the city, with
the wharf and landing in
front for fifty thousand dol
lars, payable In city bonds ma.
turing In one, two, and three
years, and bearing eight per cent.
interest. The next largest propri.
etor Is Mr.. John A. Klein, who
with q highly commendable public
spirit, offers TO convey to the city
all the lots owned by him in these
squares, at an appraised value to be
fixed by intelligent and disinterest.
ed parties. The Vicksburg Bank,
owning five lots, consents to sell
same for three thousand dollars
cash. With the remaining smaller
proprietors, we anticipate no diff.
Guilty would be experienced In pur.
chasing their respective interests
at a reasonable cost.
Whilst the demand Of the Rev.
c. Il. Marshall may, in the estima.
ton Of some, be ameuable TO objec.
lion on the score OF excessive valu-
alton, your committee have no hes.
itatiOn in recommending the ac-
ceptance of his offer, If better terms
cannot be obtained and, in this
connection, we should not over.
look the important advantages
which would accrue to the city,
from the possession of this add.
tional river front, in the collection
OF wharf dues, which constitutes so
material a portion Of the present
revenues Of the city. These should
certainly be considered in any fair
estimate ofthe value ofhis property,
as In the proposed transfer to the
Company, the city would
reserve the right of collecting these
dues from all water craft, save those
used for ferriOge purposes by the
Railroad Company. 1t is estimated
hat the income TO the city from
his source alone, would 20 far
towards liquidating the debt in
in the purchase Of the prop.
On the other hand, should
Inc city refuse, or fail TO make the .
and the Railroad Com
lany establish its depot beyond the
limits, and there establish q :
rec wharf, the loss TO the city in q
finished revenue from this source 1
would be seriously felt by all tax
layers, 4
II is the almost unanimous be-
lief of our citizens, that no question |
las arisen for years, likely TO affect |
o vitality, the value OF property /
nd future welfare of our city, as
his Of the location Of the river ter
minus Of this road. Ii is, we may /
ay, the universal conviction, that U
I should be established and perma- /
fixed within the present cor y
limits of the city. There Is {
nut one mode Of accomplishing this /
nd %ofaveriing the injury which 1t @
believed would result from its 4
ocation below the Fair Grounds. s
The right Of the Railway Com. /
to q river terminus, can
be questioned, nor denied, /
The interests Of other communities d
our own are involved, and /
8 imperatively demand considera. /
ion. In justice, therefore, to !
'ther parties interested tothe Rail- /
Hay Company and ourselves, the
ity should promptly purchase andt
the Railroad Company, suit. I
BILE and sufficient grounds for its
liver terminus; Or ct once With