Democratic Northwest and Henry County news. [volume] (Napoleon, O. [Ohio]) 1894-1905, 1896-02-27
Napoleon Right
On It.
The Great TranS-Conti-
mental Railroad.
A LETTER TO PRESIDENT
CLEVELAND CONCERNING
THE MATTER.
Sets Forth Why 1t Would be a Great
Advantage 10 the Government.
Tells What the Project is Calcu.
lated to be-NapOleOn ON the
Route.

=
which is to connect New York with
SanFrancisco, and people were of the
opinion that the great scheme had
fallen through. But such is not the
case, as the following letter from>Nr.
Dallan will show. The letter Wa
written to President Cleveland. 1t
will be read with interest, as it gives
minute description of what the road
will be when completed:
AsToR House,
NEW YORK, FEBRUARY 10, 1896
To Hi' Excellency GROVER CLEVELAND,
President of the United States,
WASHINGTON, D. O.
For the past five years the Atlantic
and Pacific Construction Company.
of Chicago, has been preparing for
the construction of double track
air line railway from New York to
SanFrancisco. The great highway
as now surveyed between New York
and Chicago will shorten the distance
300 miles over all other railroads,
while the distance between New York
and San Francisco will be shortened
over 400 miles. The road will be
constructed in the best manner and
of the best materials known to the
art of railroad building. The line
will be built expressly to meet every
requirement of the public and our
trains will travel at the rate of 60
miles an hour, including stoppage,
making the journey from New York
to Chicago in 13 hours, and from
New York to San Francisco in 4S
hours. The motive power win be
steam or electricity.
The projectors have contemplated
from the very inception of the enter
prise the making it an integral part
of the government. All traffic over
it shall be at cost of interest and
running expenses, while greatest
speed, saving of time and modern
comforts may be accorded to the peo-
pie at a minimum fare and cost. A
bill to incorporate the National Cen
tral Railway company has been pre-
sented to our National Congress,
placing the enterprise under the su
pervlsion of the government for it's
endorsement of the bonds of the road
a copy of which l herewith enclose.
The line from New York to San
Francisco (2700 miles) will cost $780,
100000, if the road is built by an in
dependent corporation.
The securities will bear interest at
5 per cent. and be disposed of in
Europe at 80 per cent. of their face
value. With our governments in
dorseinent of the bonds at per cent.
for which the syndicate have con-
tracted to take the extent of any
number not allotted in the United
States, we will save not only the 10
per cent. of their face value, selling
them at par instead of 80 cents, but
we shall also save annually 2 per
cent. in interest, making saving
annually of $8,000,000 from New York
to San Francisco. The interest on
the bonds for the first division from
New York to Chicago being $4, 800, ,00C
annually will be a small sum for oul
government to guarantee, and will
convince the whole nation that the
enterprise from ocean to ocean will
be complete success. The interest
on the entire line across the CONT
nent will be $12,000,000 annually, and
will be but small consideration fol
the advantages accruing to the gov
ernment in the one instance of mail
service. The enterprise will be o.
great value to the commercial ant
business world and a grand opening
for conservative and we'll paying in
vestment, as will be seen by the fact
shown regarding the cost of the con
struction of such a railway and tn,
returns to be derived from the opera
tion thereof.
The building of the road will bring
a large amount of gold to this countr.
and give employment to great man,
of our unemployed. The division
from New York to Chicago will b.
built first, and the line will eventual
ly be made four track road to d.
the immense business, both foreign
and domestic, that will pass over it
rails and instead Of injuring the line
already built will increase their traf
| fic. The bill is SO drawn as to preven
misappropriation of funds in the con
struction of the road. AS the bill
eminently in the interest of the pee
pie, we shall keep it before the count
ry until the character is granted
for as soon as the people become ful
/ ly acquainted with the advantage
it sets forth they will insist upon it
passage.
From the accompanying map, show
ing the location. of the line, it wi
readily be seen that over this roa
will mass a. large mart of the world