The Richmond palladium. [volume] (Richmond, Ind.) 1855-1875, 1872-04-20

Oar ReiIreeA Disestsr.

Oar Railroad Disaster. fa
The rspor: Of The Co mmittes, which has -
published in all our palsrs, eontaiss the 80
stance Of such Gr;evaness - . conDanto!
can suffer from railroad mouopolies. Halt .
dozen ailrosds running into any town, y.
longing to the Same parties, il no better than
one il that one can do the business. Under ~
present management, citizens Of New Gardsns
who were taxed from fifteen to twenty tbos-
sand dollars to build this Inflated road, css
travel and carry freight cheaper by Wagons
and Marlborough, which has heretofore doos
. lively business in transporting lime, has
given Il up because Of the high rate Of freight.
So with every village and productive indus.
try we hear Of; the people must come to 2eir
terms or not at all.
Billy Parry is at present hurrying up con-
tract Tor crossing the bridge and running into
the depot, in order to gobble certain bonds in
addition. Does anybody understand this :
Wilt the closing Of sush contract, by which
somebody pays from three to six thousand
dollars per annum entitle the Pan Handle com.
pany TO $4,000 Of our city Z per cent. gold
bonds Of our own indebtedness, on which ws
pay 10 per cent.iu addition for the privilege Of
letting this c. B. 4 Fl. W. road cross TIE
bridge and use the depot, which we build, %
well - road twenty-five miles long, rsady
Tor use, that the same may be extended. and
our people deprived Of all the benefits ofsuch
roadf Is il customary for men to place .
mortgage on their farms for the benefit Of
lsother FARMS bsyond Several men along ths
line Of this road lad invested farms IN this
stock. and finding it Of no value. added money.
recently TO make tie whole good. Our city
did this also. Did Ne expect that when thia
was done the ssme result would follow 2
Well, it has followed, and can only be ar
rested by powerful effort, causing aroths'
sacrifice to regain . portion Of it.
The best thing to be done now is to put 4
quietus on "Billy" Parry's operations at oncs
He las, in various ways, demonstrated inca
pacity IN financial operations and railroa<
trades.
First, he squandered twenty per cent. o
cur city bonds, making loss of $25, 900, Of
New York bankers.
Second, he paid the contractor e30,o0t
more than was coming to him. from ignorane'
how to compute The work.
Third, he paid the engineer 81 200 of an Of,
claim that he had nothing whatever to d.
with.
Fourth, no paid $1,000 for . lot that nevs
| IL - 1855, ,,o,,vS \. ~, .o1d e., ,no~o th.,
$500, aud divers other sums Of the same char
acter, none Of which was submitted to tn
Board, sntil too late to remedy.
There is probably no man, pretending :
bu siness qualifications, who is so UNIVERSAL
discrcdited in this regard as Billy" Parry
Yet il seems to be impracticabe to interrup
his reckless operations. The parties VII
can maize morey out of him, take pains :
sustain him, while the people who furpis
It are 10th to organize opposition. Thus b
goes on, until he has well nigh destroyed on
business interests, as well as the total loss q
cur invest ment in this enterprise.
Some may think that have personal fee
ines in the case, but such is not true. l sin
| RS<
pie into this "trap,' and was. AMI am yei
anxious to extricate myself and them frol
the unpleasant relation, bat never had hosti
feelings toward Billy; on the contrary aus
tanned him on all ,occaeions, though he Gel
tainly is heavy weight and difficult to carr!
l did not seek a position on the board. did nj
know that Twas ever thought Of for the plac
when elected. then Thought it my duty
try to do something, and am, unfortunatel
in q degree, culpable for our present dilemm
but it was not intentional. hope may y
be able to assist in extricating our citizel
from what appears to be, at present, a tot
loss; and feel confident that there isla VI
las right generally will prevail.
It is we'll known that my opposition to q
railroad tax, together with the successful a
rangement with the Baltimore Ohio, G.
4 D., and Cincinnati / Marietta railroa
companies, which would have given us cor
petipg DAD, threw me out of the Board, Al
Cursed us with Pan Handle absorpt io
The fact that VIM. Parry will sustain th
outrageous swindle, by all the arts he is c
pablo Of, even TO 60 80 far asIto procure sto
on inexpensive tax levy, TO vote I. dsfs
the people in an effort 70 project themselvs
is enough of itself to condemn any man a
hardened in iniquity. SO ]. REED.