The Saline County journal. [volume] (Salina, Kan.) 1871-1893, 1881-03-17

uGbqenpou, sehooo ho1Do - eh1ruheo
| Ito lndleGfo IL luoo1l1Goooo ondootoc.
psise d the people, ~ YIN b tsib-
utary to loealpolntD Of IL 11ne, which
viii In the aGgFeeAte show TIE volume
Of buslnesA
Ath. The certificates Of County
Clerks that % many franchises have
been voted By the counties and town.
ships along the line, (which manifest
the public faith and credit the people
have In the entefprise).
When these are carefully prepared,
capitalists determine whether Il will
be . paying and safe investment and
supply the necessary funds In the
usual way for enterprises Of this kind.
This company has already the means
offered from three different sources 10
build the entire line. notwithstanding
the preliminary work 10 not vet COM
pleted. but will he by the middle Of
April next
By the proposition now pending be-
fore the people, In which Saline coun-
ty s,ibscribes to the capital stock Of
said company. conditioned that when
said line il built and operated from
and In connection with lines extend.
lux ~ ShhC0AkOs 1AooSnD wy oa1u kCS-
Louis, westward from Topeka into and
through the county Of Saline to the
city Of Salina, slepots built and facili-
ties created for doing . general freight
ing and passenger business, the County
Commissioners issue the bonds OF said
county Of her first installment Of ESQ.,
Oo0, and receive like amount Of stock
dollar for dollar, and by the said per-
formance the county pays for her stock
entire, and II becomes the property Of
the county, the same ~ her court
house and bridges. Neither is said
stock assessible, as it has been paid
for neither is 1t taxable, "a Il belongs
to the county and can not be taxed
any more than any other species Of
county property; neither il 1t resp0ns-
ible for any delinquency Of the opera
tions or misfOrtunes of the line, as the
Constitution Of the State Of Kansas
provides that no railroad stock shall
be i'm any way. The stock of the COM
pany can be sold only by vote Of the
people. The value Of stock Is governed
by the earnings and business of the
line. The stock is divided into shares
of 500, and each share represents one
vote in the transactions Of the COM
pany. Saline county will thus have
40 votes.
by the construction Of this line into
and through Saline county 1t will Gre
ate aver 500, 900 worth of taxable prop
erty, from which the county will de-
rive revenue, or tax, more than suf-
ficient 10 pay the interest on the bonds |
and provide for the sinking fund. |
Without the taxable property thus
created by the company It would cost |
u mills to the dollar, or $50 on the |
81 1000, to pay the interest on the bonds. |
The question now, Will it pay to
vote the bonds? BY the building Of |
the line into Salina, this point becom-
ing the end Of the second division, and |
its extension westward, IL meant to
Salina and Saline county q general re-
vival of business-immigratiOn and
the induction of capital; 1t means |
prosperity to Salina and Saline coun- |
ty; it means employment to all classes |
Of mechanics, engineers, telegraph re-
pOrters and common day labOrers; IL
means less and uniform rates to the |
producer and consumer, and . Compel |
ing line with the present monopolies.
and connections with strong and
wealthy companies. that guarantee
safety and fair dealing with the COM
merce Of the county.
Yours respectfully,
o. P. HAMILTON.