The Valley Virginian. [volume] (Staunton, Va.) 1865-1895, 1871-03-09
ghe Valleg Wir9inian.
STAUNTON. VIRGINIA.
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Thursday, March 8. 1871
ANOTHER ARGUMENT.

shsnt and TACT upon TACT 10 the people OF Au-
gusta county to show that the subscription
ca 500, 600 to the Valley Railroad will
prove paying Investment. We have so
fully convinced our own mind chat this pro-
position is true that we cannot well see why
othefs are Lot OF the option. There
is one ether fact, however, to which we de-
sire to call attention. We ave alluded, in
previous issues of this paper. to the belief,
entertained by many, that the Valley Railroad
will be built without Augustus subscription
We have stated that this is capital error.
We were of the opinion, sometime since, that
the road would be constructed whether Au
gusta subscribed to the stock CT net We
do not now think SO. Or, at least, VIC do
not think the road will be put under con-
tract for some years to come, without that
subscription. The amount dependent upon
that subscription is 100000. Now if
Baltimore and the Baltimore and Ohio Rail
road had no other route by which to reach
the trade of the South and Southwest, we
might take it almost for granted, that the
amount asked Of Augusta county would be
promptly taken by that city and corporation
in the event Of the defeat here But this is
not the case. There is now about to be let
to contract a road that will form an unbro-
ken connection between Baltimore and the
system of Railroads reaching out irto the
very regions that the Valley road would tap
President Barbour, one Of the most astute
energetic and far-seeing railroad men in the
State, has just concluded arrangements by
which the Lynchburg and Danylle Railroad
will be shortly put under contract, with the
assurance that the cars will be running over
it within Is months This forms the connec-
ton that Baltimore is seeking-ths is the
completing link in the chain which unites
her with the system of Railroads reaching all
through the South and West, and this will,
as certain as the sun shines, postpone, at least,
for many long day, the construction of the
Valley Railroad, unless Augusta county seals
the contract for the 5000, 000 dollars now
subscribed, conditioned on Ler suls ription
of s20e,oOa.
We adduce this as ueigaty fact-one
that every voter in the county should seri-
ously ponder. We are candid in the express
sion of the opinion. that upon the action Of
the people of Augusta county on the 18th Of
March, depends the fate Of the Valley Rail
road for years to come Baltimore would
willingly ''sign off, from her ST. 100000 if
she could. Rockbrdge and Lexington are
already moving to transfer their subscription
Of $4,000 to local enterprise, looking to
J the. construction of narrow guage road
from Lexington to Cos en- The Baltimore
and Ohio subscription Of 81 600 900 is only
conditional and, in fact, should Augusta fail
to subscribe the 5000, 600 the whole amount
now subscribed by different parties will go
for naught. and the enterprise fall to pieces
Now when We have shown to the people Of
this county, as We have done in previous is
sues of the Fifyinian, that Cor her six per
cent. bonds for $500 600, running 20 years.
invested in the capital stock Of an enterprise
which, if We a-e TO take as precedent the
history of other through roads, will certainly
bring their par value in less than Eve years,
she will have expended, in the construction
If the road through the county, 81 100000
in cash.. and the reduction of the annual
4. freights now paid by the citizens of the coun-
ty, between $4,000 and 100000 we can
rot see why moments hesitation should be
entertained. If we honestly thought that
this subscription would be burden to the
people, and not benefit, we would not ad-
vocate it, Our interests are identified with
those Of the people. When they prosper, we
prosper. When they are oppressed, it has
a reflective influence, not only On our bust
ness, but every other branch of trade. But
being thoroughly convinced that the advan-
tages to the county generally SO greatly out
weigh all real and imaginary disadvantages
VIC cannot conclude otherwise than that it will
be to the interest of all classes, and more es-
pecially oiproducers, to sustain the PROPOSE
ton to make the Investment.
THE FINANCE BILL Tho Enquirer, OF
the 9TH, has very clear article explaining
the Finance Bill reported by the joint COM
n M. n