The Jasper weekly courier. [volume] (Jasper, Ind.) 1858-1922, 1875-12-10

don Al this time, when material and IA bor can IA,
secufod AZ prices much below those thar hay,
prevailed Tor many years past, and that Congress
rhall, al all times, reserve the power 10 protecl
the people against speculation and oppression M
The use OF this National highway
,. Ihat me building Of the main line should
proceed under such regulations a. will insure
the construction OF the road contnuo,lsly frc,n
ule point of its present completion ia TeNas IA
san Diego, In California. or until Il meets an ex
tension Of the same line from san Diego
a. That the construction Of such 4 inc and
branches can he best secured by the extension of
government aid % the line and branches hereto.
lore mentioned IN these resolutions, ia the form
OF a guarantee of interest, not principal on "A
UNITED amount OF Ave per cent. construction
bonds, patahls in flity years 80 that the enfi,o
Liability assumed shall not IN any event exceed
r-,Wo per mile per annUm, nor the interest on
the actual cost OF The line and said branches such
liability Ia be secured by Grst mortgage upon
All inc railway. property and franchises OF the
companies and upon tire lands granted by the
United states, and any deficiency in the earnings
OF the line and branches TO meet the Interest WA
turing ON these bonds while the ad Is IN cOur -
OF construction. "a be met by the deposit In the
United states Treasury Of one. eighth OF the
whole authorized Issue and the sale OF the same
II II become necessary. after APPLYING
an net earnings anu proceeds Of lands. and the
sums dne for Government transportation, mail
anu telegraph service, 10 meet the interest 80
maturing, ~ Aforesaid, so that there shall be no
outlay by tue Government; these bonds 10 lie is
sued only To the actual amount of cash expended
upon tie road and branches and upon the oertil
cate OF sworn mmlssloners appointed by the
government Ia supervise the building Of the line
AMI branches, aud their redemption at maturity
10 I've assured 10 purchasers and holders by pro.
yiding sinking fund out OF the revenue Of the
road and branches. IN DE paid by the companies
into the Treasury OF the United stairs. of such
amount as may be sufficient to pay OF and dis.
charge the entire bonded obi cation Of the com
nanies. ON which the Goyernmenthas guaranteed
the Interest.
:. That the President OF this Convention be re.
quested 10 prepare an address 10 the people of
the United States, embodying the views set
forth in the preamble and resolutions adoptesl by
this Convention, and that he be authorized 10 ap-
point committee Of thirteen, who, with the
President OF this Convention, shall present an
engrossed copy Of the proceedings Of this Con-
venton, together with the address to the Presi
dent OF the nited states, the presiding officer OF
the Senate and Speaker OF the House 81 Repre-
sentativcs, and ~ take such further action as ia
their Judgment, may he deemed best 20 further
the objects and purposes Of this Convention.
:. Resolrcd, That duly cert fied comics Of this
preamble and resolutions be also f1t Wished 10
the Governors OF States, Mayors ~ e-..ss and 10
the commercial and other bodies represented NJ
this Convention, and that they lie earnestly so
licited "a advocate the plan proposed.
.. Resoired, That the Secretary OF this Conven-
ton have the proceedings published in pamphlet
form, and also that the newspaper press OF the
country be requested 90 publish the same, so that
the states, municipal, commercial and other
bodies here represented and those who NAV not
he. shall fully understand the objects and pur-
poses OF the Convention, namely the securing of
another highway across the continent, that must
prove highly beneficial 81 the Government and the
people of every section OF our country.