Whig and tribune. [volume] (Jackson, Tenn.) 1870-1877, 1874-05-02
Central Machine shop and Other
SDecuIa9tOus.
Mn. EfRora:

MsSsTS. Eoiit0FS-
This is q bold speculation on the part Of
our little city but nothing Is accomplished
without holiness; nothing Is mace u you
never risk anything; nothing gained u you
neVcr invest; we make neitherbrcad nor
meat II we never work. Be bold. invest
risk and work, there's where luck h~glns
and ends Can we be too bold IN thi~ mat
ter! Yes. The man who gets rieh'S Is de-
liberate, be moves cautiously, b. counts
the cost as well profit Of an enterprise
What is the cost Of this speculation e the
@machine shoP:7 Not the SJ4.O r the
10000, we are called upon to give % a rich
corporation; but the cost is being ~ debt.
We may be able 10 bear it. We mTy pro-
# 100 per cent 1t Is an individus ,peeu-
latIon, by which each individual owner Of
property gets good profit: and 10y which
HeComb & Co. clear $4,000, or $4,000.
All right, LET them get all they can But
before we 20 too far, let us know what Nc
Comb & Co, Will do, from which our city
is TO reap large profit on the invr-tment-
Will be build ears and make machinery, OF
does he want room for tenement houses, OF
= large yard for trains to lay on, and be
ready 20 start out whenever ordered by the
train dispatcher. Now, as 10 INDIVIDUAL
property owners within the limits OF the
proposed gift Of $4,000 on eur southwest
Most OF them own property contiguous 10
as well As in the proposed machine shop
ground. Their lots will be enhahced lVO
per cent in value. as soon N the location
is settled. Now, / ask If those same indl-
vidual owners can't well afford to deduct
st least % per cent from the value OF their
property. as They reap profit OF 10 per
cent on their other lots. This would save
TO our tax payers the sum OF s23,0OO,
which amounts 10 something, and they are
none the poorer therefrOm. NOW Tor the
$4,000 on our Northeast: Most OF the own
ers Of the vacant land own acres Of lands
tai Il h.
surveyed for the shop ground Thls land
was bought at n comparatively low price
ranging IRON $40 90 70 500 W per acre.
Now they want a modest pront. ABOUT
citizens 10 give them 500 90 and 800 %
per acre for land, which gift puts tnou-
sands of dollars in their pockets IN the IN
creased value Of their land near the snop.
think that each individual who owns TINS
land, can well afford TO donate II fer shop
from GOO to 1000 per cent on their lands
near the shop. But IL they are too poor 70
give all. ask that they should be request
Ell by the e0mmittee to give half, when
would then leave $4,000 for US 10 pay
which amount we can raise in one year,
thereby relieving our city of interest bear
ing bonds. de not know the owners OF
this go acres Of land valued at S4O,OOO'
neither do care. l say to them-it Is too
much.
If owned the 1anus WOuiu W - IL
Butler did for the NJ. & o. Railroad shsp-
give the land and be glad Of the chance
would soon have aeres Of land divided into
town lots. and would sell them, and have
INV rockets well lined with money.
BE cautious as well as bold. We have
several enterprises in view which require
our money and attention.
As this article is rather long. VIII defer
nv remarks On our other speculations for a
future paper. -.
Jackson, April 18th, 1874.