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That Railroad Of "ours" Again

That Railroad Of "ours" Again image
Parent Issue
Day
8
Month
June
Year
1877
Copyright
Public Domain
OCR Text

We are advised that ex-Gov. Aahley, of ïoledo, acting in connection with prominent Boston capitalista, has contracted for all the rights and franchises of the Toledo, Ann Arbor, and Northern Eailroad, and that the partios in interest give assurance that they wlll advance two-thirds of the necessary capital to complete and equip the same and put ït in good running order, provided the people aloug the line and at the termini of the road will pledge theraselves to dónate the remaiuder, the subscriptions to be paid on the complelion of the road. Tlie practical question, and the oue for present consideration, is, will substantial men pledge this necessary one-third, and that immediately ? The estimated cost of completïng and equipping the road with the necessary rolling stock is $2i0,000. Of this amount Ann Arbor will certainly be expected to furnish i2f),000; Ï25,OOO more must be furnished along the line; and f30,000 at Toledo. Can hese sums be raised, and shall a citizens' meeting be immediately called to plodge the auiount asked of ot.r city ? These are the vital questions. The railroads of our country have seldora :aid the original stockholders, but the country through which the poorest paying line haa been built has never failed to bi beuefited more than its oost, both in the improved faciliies for business and the consequent increase n the value of property. The difficulty in getting moiiey i'rom. capitalists to build new roads can only be overeóme by such aid as is suggested in this case. We know that many of our citizens have already paid liberally toward this road, and we also know that to get the benefit of what they huve paid they must "go their bottoni dollar " again. No man is asked to lose or even risk a csnt, as no money need be paid untü he cars are running. We ueed not repeat he advantages, commerciaüy or socially, which ;he road will assure our city. Time and again we have writteu of the new railroad connecions it would give us, of the new markets it would open to our manufacturers, of the cheap coal it would briug us, and of the new citizens of culture and wealth who would come to us rom Toledo. We have no arguments to advance, and ín fact the time for argument is Mist. Action is what is wanted, and that immediately. Who will move in the matter '(

Article

Subjects
Old News
Michigan Argus