Wyandot County Republican. [volume] (Upper Sandusky, Ohio) 1869-1903, 1872-08-22

route at least 100 miles nearer to
tide water than via Cleveland, our
present market. This route is the
most direct to Liverpool. Grain
loaded at Toledo, in Columbus and
Toledo cars, can be run to Baltimore
without change and unloaded into
the Baltimore and Liverpool steam
ers diract, which saves much time
and great expense over the N. L.
and Boston steamers. We believe
that not single reason can be as
signed why the contemplated rail-
road will not pay. Therefore, we
say to the capitalists, subscribe lib
orally to the stock, for when the
road is completed, you will un-
doubtedly find it paying invest
ment. And, with the foregoing
showing, we cannot conceive where
in this road shonld ever prove a
financial failure.
1t has also been said by the opposition, that
the voting of this tax will bear the same rela-
tion to real estate rs an ordinary mortgage; that
IL is Il lien to be discharged by the present own
er. or rather Ivy the one who votes for the tax.
greater humbug WIS never uttered. We
scarcely deem IL necessary to refute this, but
indeed, there is no truth in the statement.
This tax is just like all other taxes, and docs
not attach as IA lien on real estate before the
trustees make the leyyi which is done annual
Iy, like all other taxes When sale of real estate
is made after tho annual taxes have been levied,
THEN the vender is liable, and not before.
Ii may be well for us to consider for a mo-
| ment the effect that this vote will have upon
| the taxpayers of the townships through which
this proposed road will pass. The bonds Will
be issued bv the trustees, and deposited with
| the Treasurer of State, to be retained by him
until after the road has been let and partially
| completed, and then npon the presentation OF
| the proper certificate from the contractor en-
dorsed by the trustees eighty five per cent only
OF the amount actually expended in the con-
| contractor, the balance fifteen per cent. to be
retained until the road is fully completed. Al;
| ter the bonds have bsen delivered and the road
| thus partially completed, it Is made the duty
| of the trustees to levy upon the taxable proper
| to pay the interest on the bonds used in huild
ing the road by this mode you will see that it
| is only the credit of the township which IS used
| in the construction eff tie road The prIncipai
| will not lie required until after the road Is mn
| ished, then it will be appraised and placed upon
the duplicate for taxation at its null value. this
| together with the increased valuation oil real
| and personal property caused by the construct
ion of the road will more than double, in a few
| years, the present duplicate of your re -pectiye
| townships And again, before your bonds ma
ture the road rs completed and owned by your
trustees will be sold to the railroad company.
| and the proceeds applied towards the payment
| of the bonds as they mature The Pittsburgh,
| Ft Wayne & Chicago railroad pays taxes upon
valuation of SS35 900, nearly S42 900 per mile.
Upon this sum Is levied annually your state,
county, bridge and poor taxes, aggregating per
year for all purposes in taxes alone. the sum ol
nearly Sl2, 600. 1t may be safely claimed that
the Columbus & Toledo road, when fully com
pleted and equipped, W i'll pay as much taxes us
the p, Ft. W. & C. road now pays before
closing this hasty communication, let us brieny Y
state our prospects for securing the location oi
this important enterprise. The road will be
built upon one of two lines. which have already
been surveyed. The difference in length OF the
East aud Westlinc is about y miles; Il grades
can be made easy and about the same, although
much cheaper on the cast than on the west line.
We have already raised by subscription on the
east line over $4,000 of stock; voted in Craw-
ford township S50.000; in Marion township,
Marion county, SI35 Coo; and have submitted
propositions to vote during the present month,
with fair assurances of success, SIS, ,00O IN Fostc
ria, Seneca county; $4,000 IN Salem township;
$4,000 in Pitt township; s25 200 in aldo town.
ship, Marion county SlOO,OO0 in Delaware
township; $50. 900 in Liberty Township. Della
ware Co., and S95, 900 in Crane township Wyan-
dot Co. Besides these several amounts. we
can raise by stock along the line, a afurthcr sum
oil SIO0 OO0 add to this the coast of diherance in
length OF line, and cheapness Of grading and
bridging the west line must raised over 81 200
zoe, exclusive of Columbus and Toledo stock, in
order to secure the location on their line We
satisfied that with proper efforts on our part,
We can have tha road, Let us continue the
work of subscribing and voting aid, and OBJ
tanning right of way, until this great question
of location shall be settled in our favor.
RAILROAD COMMITTEE.