The Manchester journal. [volume] (Manchester, Vt.) 1861-current, 1872-10-17

ras3 ia case thsi route should be selected
by Ebe company, taus saving very con
siderable Ht'av ai tbe commencement 81
ghg work Dc wsH doubtless be necessary
Or gh.s town and ptacr towns through
wb.ah che raal would uass on Tits route
GO afcf some substantial pecuulary ia-
daeement % tbg company % counter
balance those twelve mics OF finished
road. DC Els pc. likely that other people
will loak sler our interests with any no.
lictah.F degree az aysidaIty, 80 We tail 10
book lar ourselves. Neither Is Go supp0,
abIa that we shall ever have q railroad
directly through cur town without help
ing iN some measure la pay for g. Bot 10
does seem HkeIy, and more likely now
than at any time Ter many years, that 10
our t9wusmtu VIII consent 60 aid pCCuui-
auIV t9 lbe amount of say $4,000. We
shall within twelve months hear thc
shrek of tbe lgan horse and tbe rumble
ot lNe rail- car aioug oar quiet valleys,
Hut how sbali this money be raisudi Ii
IL perhaps, impossible 10 dispose of $780,
QpJ of stock By private subscription.
The people are NOT willing TO invest their
money iu ana enterprise about the success
ui which there is Che least possible doubt,
3at there is one ether way Of raising il,
and that is by bonding the town. We
are wei, aware that many OF our wealthy
farmers are iusliuetiyely opposed 10 any
thing that looks Ike bonding aud would
almost as soon have "a mortgage on their
farms as on their town. But let as look
90 the matter for q moment. there Is
something over ~ ,00Q, 0O0 worth of tax
able property IN this town, according 10
the tquahlpd valuation Of last year,
though the actual amount of property is
lprUbabiy two or three times as much. If
I the town were bonded for $4,000, as is
proposed, the annual interest would be
/ only SO, 800, or a trite more than one
/ half OF one per cent. on The whole amount
+ Of taxable property. And in return for
/ this annual payment Of five dollars on
+ thousand, We shall obtain something that
will instantly increase the value of real
estate from twenty TO thiuy-five per cent.
/ besides furnishing US with the conven.
fence OF a great line OF railway directly
through our Two villages, giving Us com
mauicaLon with Albany, Hudson, New
/ York and Montreal. Even if the whole
/ $500 is irretrieyably sunk, the in
crease in the value of real estate will
doubIy compensate for the loss. But we
/ have no idea that 1t will be. The road
musT, we feel confident, be paying one.
The amount OF business that it will have
at once will be very large, and the traffic
/ Will constantly and rapidly increase AS
new manufacturing interests are deve-
opcd along the line.-1drefiSeF Kinder
/ hook.
"ThG advertiser apears 10 think their
prospects for Il railroad are very bright,
ont we do not think the New York and
Montreal railroad company will select the
route through Undertook, if they de-
sire to baye line for through travel that
can compete with the already established
lines, or those in course of construction
II the connection is made at this place,
the road will have the advantage of the
exchange Of freight and passengers from
the different lines centering here, which
will more than overbaance the extra To-
cal traffic it is represented the road would
receive by the other route. There is also
twelve miles of completed road against
about as many miles to be built through
an exceedingly rough country and where
the grade is much sleeper. This is very
favorable TO connection here. Sound
railroad men will plainly see the facts we
have mentioned. The town of Chatham
has been bonded to pay for the construc-
lion Of the Harlem Extension railroad.
These bonds stand against the real estate
Of the town to-day, and taxes are levied
to pay the interest on these bonds. If our
ueighbors of Undertook wish to learn
how town bonding operates, let them en-
quire Of the real estate owners of this
town, outside Of the villages through
which the line of railroad runs. But they
must not expect to find many in favor Of
bonding. If the twelve miles of road be-
tween this place and Brainards Bridge be
cut off, or made only an almost useless
) branch road, 1--WE say useless because ii
must then depend on the local traffic fol
of course the main line would take, all the
through freight would the road bed be
of sufficient value to guarantee the pay.
ment Of the bonds of this town? This
we deem Of sufficient Importance TO de-
serve the attention OF every taxpayer
Can they afford the sacrifice - chatham
Courier.