Staunton spectator. [volume] (Staunton, Va.) 1849-1896, 1870-05-24
Stauntot1 Spettator.
Tuesday, M0y 81, 1870.
Subscription of the B. G. Ohio &. Co.. to the
Valley Railroad.

Valley Railroad.
We are highly gratifed to learn from head
quarters that President Garrett made on Friday
last the subscription of his Company to the
Valley Railroad, and that it was a bona yfde,
unconditional one.
We confess to have had serious fears in re-
ference to this matter, and take great pleasure
In acknowledging that we have not done Bis
mark" Justice. We take off our hat and say
three cheers for Garrett.
And now all that we lack to put this great
work under contract is the subscription OF Au-
gusta and Roanoke. Will these be forthcom-
ing? They cannot now vote before the fourth
Thursday in this month but the time Is not
far off and we beg our friends In those two
counties to bestir themselves. Ii those who
have been wont to take the lead OF public sentl-
ment will not lead now, let new men step forth
to show the people that they are dead to their
best interests if they do not vote TOR the SUD-
scription.
Ifthey lack speakers, let them send to Rock
bridge for men who can, and will thoroughly
canvass the matter before the people.
If the papers in Staunton and Salem Will not
ring ont clear and true, let the friends OF the
road send for the Gazette. In a word, We call
upop Augusta and Roanoke to leave no stone
unturned by which they may carry the subscnp-
ton. Now is for them the golden opportunity
which if not improved may pass by forever
We clip the above from our spirited cotem-
porary the Lexington Gazette, to show our cltl-
zens that others, besides themselves, have been
wanting in faith in regard to the subscription OF
of the Baltimore and Ohio Railway to your
Valley r. r., the contamination Of which We
briefly announced last week, and also to let our
influential men have the benefit of the advice,
and offers of our sister county, given, as we
know, it is, in the very best spirit, and prompt
ed by an earnest desire for the speedy compile
ton Of one of the most important works in the
whole country. We do not even complain of
the slightly boastfful spirit of the Rock bridge
organ, for a gallant people that, without faith,
manifested its works by subscription Of FOUR
valuation of about eight millions in 1860, may
be INDUCED in saying ''come on to a county
that had about fourteen millions of the same
hosis Of value, and is only asked to give three
hundred thousand, with greater interests at
stake.
We must bear in mind that over subscription
is still wanting to give vitality to those that
have already been secured, mainly through the
untiring energy of one Of cur citizens. The
City OF Baltimore made condition in its bill
authorizing the subscription of one million dol
lars to the Valley r. r. that two millions two
hundred thousand dollars should be subscribed
by Others, solvent and able to pay. How stands
the subscriptions
Staunton c1nn nnn
Dot9tpoTs LVU,OOU
RocK bridge, 400 00O
B. s. o. r. r. ......... ......... .......... 100000
Total S., 400, OOO
By this exhibit it appears that eight hundred
thousand dollars are still to be subscribed be-
fore the million of the city of Baltimore can be
made available, and Of this sum the county of
Augusta is asked to subscribe three hundred
thousand dollars payable IN bonds running
nlany gears, and bearing per cent Interest,"
to give bonds, payable in Is or 20 years, for
less than the current interest for taoo years on
the money that will be spent in her borders in
constructing this road. That portion Of this
road that will be in Augusta county will cost
not less than one million two hundred and eighty
thousand dollars: that much cash will be ex-
pended here-put in circulation: sum, the In
terest on which, at II per cent (the currentrate)
Is, In two years, more than three hundred
thousand
We ask oar money needing, and money Dor
rowing people to think, for one week, over the
effect of an expenditure of 81, 100000 through
the a0bo'e length of the county of Augusta, and
at the end of the week ask themselves, soberly,
if it would be cheaply secured by paying $780,
600 for it in Is or 20 years.