The Rodney telegraph. (Rodney, Miss.) 1838-1840, 1839-05-11

| DidhCh wouiu add greatly to the tranSporta-
ton upon and business of the Mississippi
rail road, BY diverting to this channel the
productions of large and rich portion of
Jefferson county, that would without said
branch, be conveyed in different direction
| RcsoLred, That a committee of five per-
sons be appointed to prepare subscription
paper, in which shall be stated the terms of
subscription for stock in the Mississippi Rail
Road Company, for the construction of said
Branch, and to procure subscriptions. and
also to correspond with the directors of the
Miss. Il. K. Co. in relation to the objects of
this meeting, and that said committee be re-
ques'ed to report to a meeting of the ci,i-
zens OF Jefferson county, to be held on the
ist tuesday OF June next, at IL o'clock, nj
in Fayette
"hereupon the following gentlemen were
appointed said committee:
CHARLES CLARK.
CHARLES WEST.
GEN. T. KINDS.
SAMUEL Mickey,
SAMUEL SCOTT.
The meeting then adjourned, to meet a.
gain the first Tuesday of June next.
JOHN M. WHITNEY, Chairman.
VIM. N. ToDD, Secretary.
The following is the communication re-
ferred to in the minutes, from Gen Qui,man
NATcHEz, April &c 1889.
Col Clarke has requested me to state on
what terms subscriptions could be made in
the Miss. Il. K. Co., for the purpose Of con-
structlng lateral branch from the town Of
Fayette to our line, distance of about six
miles.
In the recess of the board, do not hest
tate to say, that our board would enter into
enga gements to apply the cash proceeds of
all stock to be subscribed with that view. to
the construction of such Branch, so soon as
a legislative sanction could be obtained
Persons wishing to take stock for that pnr.
pose would be required to give their notes to
the ran road company with joint security,
payable 10Th December next, for 25 per
cent. OF their subscription, including discount
unless they preferred to pay the whole or
part IN cash. The payment of the balance
on stock would be left to such calls as NAV
hereafter be made.
No certificate of stock issues until so per
cent of the stock is paid. Those wishing
to procure certificate, can settle I'M their
stock to SO per cent. by good Joint note for
the remaining % per CT, payable 18th Dec.
1911. II would be understood that the compr-
ny would only engage with such subscribrs to
apply the cash Paidon their notes and stock
70 the construction Of such lateral. A sep
arate amount of such expenditures would be
kept IN the Office for the purpose Of complv-
ing with such pledge. Its however possibIe
lla. 'ne means OF the company will be ade-
quate to aid sych stockholders in the work,
out =, TINS they cannot bind thmselves to do.
The mode of proceeding / would recon-
memo, would be to prepare subscription pa
per, IN which subscribers would pledge them
selves to subscribe certain amounts. provi-
ded the company would accede to such sim
u!atlons as might be made. When the sum
OF 100000 is thus subscribed. anno;nt :
standing executive committee to necot;a 20
with the rail road company. and pmcnre
STOCK, ana generally represent the interests
and views OF such subscribers-and also to
procure with the consent of the rail ro,d
company proper amendment to their char
ter. 1-o'. S'1al
| feel confident that the comnanv vii, do
all in their power to forward the object
we are however, bound to apply our present
means to the construction Of the main arte-
~, and must therefore require as a condi-
ton, that the means for constructing branch
should be furnished by those most interest
ed in its completion.
cannot doubt the legislature will readily
grant the amendment. lfnot, it can be done
BY private contract with the company.
The construction of the contemnl,tedl
Branch would cost about $IlO,O 900. perhaps
less. Its price would be more than doubIv
by the advance Of property, setting
aside all other results. In haste,
J. A. QUITMAN, President.
OyT1cE MISS. r. R. CoxpANY.
Col. Clark:
Dear Sir-In looking over nv ;les I find
hat have never fnrwa rr3od - 80. 1871