in favar of the island was Us close proximity lo tlio railroad, no Hint, oonl mild bo oh* tabled without extra cost I’or hauling. Klnborato plans Imvo boon prepared by Mr. (folly for the location of the works nt this polnl,nud every socm'ity ami precaution may bo tukou ngnlnst Inmulatiomi, It in hnrdiy ncooasnvy to refute I ho idle Merlon in ro gard to (ho purolin.Ho of thin Island an n mot (or of private speculation. This Inland wan purchased by itn own ora two or Hi roe years ago, an ti part of a (mot, not with any vlow of solliii it to llio oily on Bpoonlation. Otbor propositions wore made of laud on the other side of (lie creek, wbioii mieniod loss eligible oven on ilio snoro of ooonomy, ooiialdorlng tho additional length of mains necessary to rcaoii tlioni. Both in tho purohnso of (ho,jsluml, ami in tho lot. ting of tho contmot for tlio foundation, as woll as tho oontraot with Smith and Holly, most advantagoous terms for tho city have boon mado in giving long bends in pay-moni, Whothor nil or any of those oonlmch shall be cancelled and the city involved in litigation is a matter of sorious oonsidonr Hon for tho now Couaoll. Thoy will liardl.v nmiumo mioh a risk ami liability without lie-iug nblo to propose or present somo more feasible nmt pi-notionl as woll us economical plan, It Is ialo lu the day to discuss tho merits of these different propositions, and it tfi proposlornuM to expect lo satisfy nil pr.r lies, who have oanh and all some piu’smuil flohomo or enterprise of thole own. Tho present (Jointoil hnvo no responsibility except to fulfil tho'mjUiromonts of llio law, and go forward and not hack wan!.