The aegis & intelligencer. [volume] (Bel Air, Md.) 1864-1923, 1873-05-23
The MARYLAND Central Railroad.


On Monday the City Council of Baltimore
passed the ordinance providing for the en-
dorsement by Baltimore city of the bonds of
the Maryland Central Railroad Company, to
the amount of 100000.
The ordinance provides that the bonds shall
be payable in the year 1915, the Company to
secure the city by first mortgage on all its
property. The entire right ofway from Bal
timore to the Susquehanna river is first to be
obtained; then when the first ten miles of
read are completed the Finance Commission
ers are authorized to pay over $4,000 of
bonds, and upon the completion of every adj
ditional section of five miles proportionate
amount of the remaining $450000, reserving
10 per cent. of each payment rs sinking
fund, or after the first ten miles are complet-
ed, and the Finance Commissioners assured
that sufficient means lin connection with the
sale of the city's bonds) to build and equip the
entire road to the Susquehanna river, then
the Commissioners may pay over the $780,
600, in such sums as may be necessary, reserv-
ing, however, 10 per cent. as sinking fund.
An election is to be held in Baltimore city,
in June, to decide whether or not the endorse
ment shall be made. Upon the ordinance
being placed on its passage in the first branch
of the Council Mr. Hynson made the follow
ing remarks:
n Mr.. President: / am in favor of the city
helping all railroads that will benefit her, and
!eve that a very large majority of our peo-
q XXI endorse that policy; but must first be
5fied that our city will be benefited, and
Il ilat extent secondly, that the aid extend
= .s3Dshall not be out of proportion to such
> probable benefit, and then | think that we
should always have the priority of a first lien
upon the road and all it's franchises.
X X X x X y y
The road we are now asked to aid will start,
| understand, from a connection with the
Union Railroad, near "Greenmount," and
take the shortest practicable route between
Baltimore and the Susquehanna river, pass
ing near or through Bel Air
The first section which the Company is re-
: quired to build and equip will carry it into
very large MARBLE and limestone, and iron ore
deposits, and through and into beautiful
and highly improved suburban country, and
the next section will take it to Bel Air
Judging from the large amount of agricultu-
rot products that come to us now from that
ZION by wagon, it is reasonable to predict
a railroad even between Baltimore and
AAir large local business, at once. Ola
Apf Hartford county through which this
will run l am personally qualified to
4 Sspeaks paid an extended visit to it the past
IA autumn and / bear willing testimony to its
Il Eeat agricultural wealth and improvement.
is already an extensive grazing and grain
Soducing county, and think that it would
awel for us to bind still closer those natural
friendly ties which now exist between
q Trough the more etfectual means of cross
~ sSHo therwise we may lose the trade and
& Athy of this fertile portion of our State
ss nave already lost to Philadelphia rich
MI A,ssecil county.
Mr.. President, my sympathics
hose roads which, coming from
stions of our State, or from points
W 3s' removed, pour whatever they
sur laps, rather than with those
It cutoff enterprises which run across
ssiEsS5 GATE, and all around us, everywhere, in
Kcept into our city. | do not think
~ one familiar with the route of this
- the way from here to the Susque-
her. the beautiful and healthy valleys,
gater-powers, and valuable mineral
ill doubt that the building of the
central Railroad would be of great
M TO Baltimore, without considering the
+ let which is presented Of its securing
coming another direct and favorite pas
route to the North These reasons
Il induced the committee to report the
~ before us. l think, myself, if it
iece of wise forethought on the part
Al gy to secure, or attempt to secure, the
III the Valley of Virginia, at the cost of
n of dollars, it must surely be so to
" secure, at half the COST the trade of
Ind rich portion of our own State.
u rate, Mr.. President, such guaran-
Required and given in this instance
y never eXacted heretofore in our
history from any road; that it is
s6le in any event to see how the city
Sc by this endorsement. / therefore
my vote in favor of the ordinance,
hlarly as it is, after all, to go to the peo-
h final ratification.
AQrdinance passed the first branch by
5f II to 8, and was sent to the second