The Hocking sentinel. [volume] (Logan, Ohio) 1871-1906, 1894-05-17
Highest of all in Leaveaing Power-Lates. u Govt Report
.3H!a!:'!!! e! Bssii's BSxdss1:
ABSOLUTELY PURE
THE CANAL STEAL.

UNDER the above caption the
Cleveland Plain Dealer of Tuesday
discusses the general question of can
ais, and after calling attention to the
fact that the world is moving in the
direction of more and better water
ways, and reciting that Manchester,
England, has been made seaport,
by the construction of a ship canal "a
miles long at a cost of more than
S7O,OOO,00O, and that other canals
are being enlarged; that Germany,
France, Russia and other European
States are expending large sums for
the construction of internal water
WAYS, discusses the Earnhart bill as
follows
"Early in the winter bill was in
troduced by Mr.. Earnhart, senator
from the Franklin-Pickway district,
directing the abandonment of forty
two miles of the Hooking canal and
the leasing of the abandoned proper
ty to the Columbus Hooking Valley
& Athens Railroad Co. at a rental of
$4,000 per annum, that being 81 on
a valuation of 100000. Who knows
anything about this half fiedged rail-
road company which has presented
itself as mendicant to the general
assembly? thas capital stock of
100000 on which it proposes to
build and equip seventy miles of
railroad. 1t has not attempted to is
sue bonds and put them on the mar
ket, for the reason, no doubt, that
they would be worthless, There is
not gudgeon callow enough to in
vest in bond issued by such an airy
corporation. The actors in the enter
prise are conscious of the utter weak
ness of their scheme and they have
presented themselves to the general
assembly asking that body to loan
them the states credit that they may
accomplish an undertaking which
would otherwise die ''a bornin."
The incorporation of the Columbus
Hooking Valley & Athens railroad
having started on an expedition Of
grab, are in no wise modest in their
demands. They not only ask for the
credit of the state, but they ask for a
gratuity of s4Oo,oGo. The property
proposed to be leased, in the open
market will sell for S500.OO0. These
schemers offer the state 100000. So
the state is asked for contribution
of 100000. The Columbus Hook
ing Valley & Athens Railroad Co.
does not propose to pay into the state
treasury 100000 for this lease. No,
it wants to issue to the state an ire
deemable bond for 100000 at So
a year and take possession of $500,
600 worth of property on that flimsy
security. There is gall for you.
This bill was permitted to lie dor
mant in the committe to which it was
referred for more than sixty days
suddenly it was reported for passage,
and, without proper consideration
either in the committee or on the
floor of the senate, it was railroaded
through that body. On its reaching
the house an effort was made to COM
NIT it to the committee on railways
instead of to the committe on public
works. In this move its friends were
defeated. Now why did they want
to put it into the committee on rail.
roads? Was that committee fixeo
for speedy and favorable action? The
states property is in the care of the
committee on public works and ii
was justly entitled to the bill. Why
therefore, an effort to send it to the
railroad committee? What did that
move mean? Who is backing the
Co lumbus Hooking Valley & Athens
Railroad Co? 1t is said that money
is being spent to secure the passage
of the bill. Who is furnishing the
money? Certainly not the half-hedg
ed railroad company whose Golfers arr
emptier than dried gourd. Who il
backing this effort to capture AZ miles
of the Hooking canal, worth half a
million dollars?
Let the house promptly defeat this
measure. 1t is unworthy of their con
sideration. 1t is surrounded by al
atmosphere which smells loudly o
Doodle, division and silence. 1taim
at the destruction of the public works
1t is bad, very bad, from the frs
word of the preamble to the last wor'
of the last clause. 1t is scheme t
/ kill.
Administrators Sale Of Rea