Daily Yellowstone journal., 1889-07-25

+ reached a point where tAe success OF
th" tL.erpIi-e aud the good faith OF
III" ", irrtDr, j. Us.urrd, aud where il
IT Is pai?sJle that It's further construc-
tion and completion must be Of VI It
benefit 10 Mile city, the parties who
have altes y TuI in nearly SliJt o
feel that they are wholly within fhe
limrs Of . hu-in's- proposition when
they ask the property holder IN ald
ab at Miles City 70 come forward aad
collectively inve.t i1 the enterprise
ons-half Of the comparatively small
amount that will be requir - COM
plete the work. IL is estimated that
this can be done for Sl0,O }, one-hals
of which the present stockholders will
pu' ", II the pr 1Dle Of Miles City will
contribute the balance, not pc a gift
but in the purchase of stock. DR..
Ellis, who il accustomed to large deals
and prosperous community, could
with difficulty be brought 10 under
stand why this proposition Of the
company would mi be readily aeT opted
by our people. As he trltply re-
marked, II was Ike building a large
and costly building, and stopping
short when only The roof was neces-
saiy to render the building habit.ble.
Ready money people, however, are not
so plenty in this community as in the
east. To his and this slyne should be
ascribed any difficulty in raising the
amount needed, II difficulty there
should be, for no one can successfully
maintain that the bringing OF the
Miles City bottom rnder cultivation
by the completion Of The ditch, would
not enhance the value Of every piece
of property, whether lots or broad
acrca, that lies in this section. THIS
assertion admits of no refutation, and
the accomplishment OF this end. is the
only sure foundation on which our
prosperity eau rise. Some may say,
If the prospects Of this enterprise are
so bright In the eyes Of the present in
vestors, psltry $4,000 will not stop
them from completing the work and
realizing the great benefits themselves.
This In itself is a reasonable assump-
ton. but when all the facts are con-
sidered 1t is fallacious one. The
present holding Of stock Is largely di-
vided and held in comparatively small
amounts by individuals, a large pro-
portion NJ whom are non-residents.
These parties put their money into
the enterprise some years ago as an in
vestment, and with the expectancy Of
early and profitable returns. The many
backsets that the work of construction
has met with and the constant call for
more money has disconrage1 them,
and they are now about ready to let
go, each feeling resigned to the ioss
of what he nov has in, rather than to
lose more. In fact the feeling Of DR..
Ellis associates Is that If he reports
unfavorably on further investment,
10 let go altogether and let the ditch
aud Improvements be sold for the
debts Of the company and however ia
vorably DIR. Erls may esteem the
prospects to be, he says he cannot con
scientiously recommend IL to his
friends should the people so largely
to be benefited by il as We are, refuse
to bear so small portion of the hur-
den. 1t IL unfortunate, lamentably
so, that this matter comes before u at
a time when we are so lily prepared TO
assume further financial responsible
ties, but the stake is so large that IL
warrants super-human effort, and
we hope this will be made. There are
men ia this community whose inter-
eats imperatively demand that the
pitch be completed at as early day "a
possible, aud to th,se We look for sup
port In this matter