Goldsboro weekly argus. [volume] (Goldsboro, N.C.) 1885-1909, 1904-03-31
PERTINENT QUESTION.
Shall the Townships Subscribe to
Stock in the "Atlantic and
Northwestern Railroad
Company"

I'LL Rh !
The above is a vital question to
our city and the entire territory
through and near which the pro-
posed railroad to Seven Springs con-
templates running.
For years the citizens Of Goldsboro
and the near by towns have talked
about a means of transportation to
Seven Springs, whereby it would be
possible some day to travel without
having to make the trip overa sandy
road of some Is miles, and now
these hopes are about to be realized,
and with very little effort on the part
of our people can be made an abso-
Lutte certainty.
Elections have been called under
authority of anAct of the Legisla-
lature giving the people the right to
say whether or not the three towns
ships shall take an interest in, and
subscribe to stock in the railroad to
assist in its construction
Liz W I1OLlpO dlO IL w Aoo0o
5 per cent. thirty year bonds in ex-
) chance for 6 per cent preferred stock
, in the Railroad Company.
The Railroad Company offers to
Goldsboro township $50, 600 of its
stock for a like amount of bonds, to
New Hope township So, 900 of its
Io+Co1- for q liE1a apooupt of bonds and
to Indian Springs township s., 500 Of
its stock for a like amount of bonds.
| This 6 per cent. Preferred Railroad
Stock will be entitled to the first net
earnings of the Company, and with
the proper management the road
should be a paying enterprise. II,
however, the road pays no dividends
it will have been the best invest
ment yer made by the issue Ct
| bonds, and bring to our merchants
thousands upon thousands of dollars
! in trade, to the laboring man, ave
nues for a better and more subStan-
tial livelihood, and opportunities
ISNCA OC1O10 oACdL11C0 OIs
T It would also be the greatest thing
in the world to the sections of cOun-
o try through which it traverses and
: near which it will run, and for miles
around.
q To be able for a few cents to run
down to ''The Springs" on the train
at almost any hour Of the day
would mean that all could enjoy the
recreation and rest of an outing fol
q pleasure and health which is so nee
essary to the we'll being and happi
e ness of a people. Not only from
q G~oldsboro, but from all the surround
q ing towns would the people come ane
a take a train for the Springs, and the
o commercial prosperity of the city
Is would be almost doubled.
Real estate would increase in valu'
is not only in G%oldsboro, but through
st out the various parts of the count,
y near the road, while the farmers 70
miles around the terminus at Sever
Springs would find the expenses g
marketing their products very mucI
less, and also save a great amount il
! hauling their supplies, fertilizers
etc, from Goldsboro and othe
points.
ie Now, as to the question of ir
III creased taxes, just a word: If til
stock should not pay any dividends
the following facts will show that
r, need give no one much concern, g
the increase would only be 81 cent
:; on the 500 assessed property valus
= ton, and ten cents poll tax in Gold.
boro township. In New Hope towr
ship it would be only six cents O
the 500 and eighteen cents poll ta1
er while in Indian Springs townshi
O. only 103 cents on the 500 an
ar lhirty-one cents poll tax.
:. a Isn't it worth it, or will the poop
allow the opportunity to slip frol
40 their grasp: It will be up to tt
ey voters to say, when the elections al
aheld. The dates for holding I'll
re- elections are as follows:
vel Goldsboro township on Tuesda,
". April 10Th, and New Hope and /
ee dian Springs townships on hursda,
ae. April 21st.
oil. If you want the Railroad let ever
- man, woman and child who aspir
for better things go to work for it.
IN
ed WALTER LETTER.
;he
to-
of ChrOnicling of a Weeks Events