The Camden journal. [volume] (Camden, S.C.) 1836-1851, 1848-11-29

Tenn, ne COHtf dCtoIS are W TSC"'tNc @<oo,'
600 in 4 per cent. State bonds and S400,-
600 in stock in the matchmaking s6OO,OOO
. for which sum this section ofthe Road is to
be made complete, and equipped with one
list class passenger locomotive. two lst class
passenger cars and twenty lst class freight
lcars.
cd. For the second sectior--lhat ls, from
sthe Hiwassee river to the Tennsssee they
s are To receive 100000 in Company bonds
Il or cash. and $3.50 0Oo in stock in the Road.
This section is TO be equipped precisely like
the first.
81. For the third seclion--that is. from
the Tennessee river to Knoxville--lhcy are
to receive 100000 in company bonds or
cash, and s500,OOO in stock in the Road.
This section is to be equipped with lst class
locomotive; ono lst class passenger car, aud
ten freight cars.
y. 4th. The bridge over the Tennessee is TO
y be completed by the time the Road reaches
$ the river at price to be agreed upon here
after, and the first clear profits OF the Road
are pledged to meet the claim for lis con-
Structinn.
so Hence il will be seen that the contractors
are to receive exclusive Of the bridges over
the Tennessec,) $50, 600 for building and
T equipping the Road to Knoxville. Of this
al,ey agree 10 take sl,l50.000 in stock IN
| fhe RoadsS2OO,OOO in State bonds (Which
> amount, Il will be recollectc. must be issued
sby the Sta,e to complete the payment ot her
original snbscrption,) AMI S5000O0 IN Com
s pany bondsor cash at the option OF the Com
.pany.
- The last Legislature, our readers will re-
i anember, authorized the Company to issue
bonds to the amount Of S250.000, and guar
. anticd the States endorsement thereon.
! This endorsement the contractors do not
. require. and it will not be used. Whatever
bonds the Company may issue will be issued
unendnrsed.
The capital stock of,he Company, under
existing enactments, may be increased to
S2N06.0o0. The amount which belongs to
individoaI stockholders. and which beings
and 10 the State when her full subScrptI"n
is paid, wi lbe, in round numbers, $780, 900.
= Add the Sl,i5OO0O which the contractors
4. agreed 10 take in stock, and we sec there will
q be room for an additional Subscription 10 the
amount of 100000, without any further in
crease of the capital stock. afthls subscrp.
tion is made, the Company will be under The
necessity ofissuing its bonds f,r about $780,
!, 600, in addition to the cost of the bridge at
Blair's Ferry. (say $40, ,00o0 in order bring
she cars TO Knoxville.
The payments on the different sections
are 10 he made as the work is done. The
swhole structure is to be finished IN the most
7 sabsiantial and durable manner, and of the
: bes, materials. It is stipulated. for instance,
that the rail shall weigh not less than LOG
Q tons (2I2.ooo ibs.) to the mile.
II NAV be proper to state that by allow
Il ing the use of light rail- contract could
probably have been effected with the same
contractors, by which the road might be
completed in shorter period. and at less
price. The directory, however, alter due
investigation and reflection, decided (wlscly,
we think, that the track should be laid with
a heavy rail of the most approved dc:
scription. even III ugh the expense should
be, thereby. very considerably increased
and the time prolonged. This rail. it is
= Gen. Greene's intention to procure 'fPos-
sible, from East Tennessee manulactu'
rers.
As we have stated above, the present
!. Limitation of The capital stock of the Com
pany will allow Of an increased subscr'P-
lion of about $2no,ooo. We understand It
however. to be the design Of The directory TO
attempt to raise in this manner only l5n,ooo
dollars. And VIC have an assurance in the
success which has attended an effort in the
county of Polk. in the feeling that has been
manifested in other counties, and III consId-
Grafton of the vital importance of the mat
r ter to all East Tennessee, that this amount
can and will be subscribed. Then let the
contract which has been made be strict
, iys and faithfully carried Out, and in lew
years we shall not only have railroad, but
one which will not require that all its earn.
ings be appropriated for repairs--one which
will be Substantially made and well equip
ped.
We have, thus, briefly stated the mate
rial facts in relation 10 this important SUBJ
tecis so far as they have come to our knowl.
edge. We Twill conclude, for the present.
with The remark that. though the price a
freed upon with The contractors looks large
an the aggregate. yet we believe that when
all the facts shall have been duly consider
cd, il will be admitted that the Directory
have taken the hest course which, under the
circumstances, it was in their power to Pur-
sue.-KnorvaAe Register.
Tue HYDRoPHoBIA CASE AT CAMDEN N. j.
DIR. Fisler. the attending physician in the
case of Mrs. Burrows of Camden, has written
the following letter to a gentleman who has
published It in the Newark Advertiser.
The Doctor supposes it to be clear case of
Hydrophobia. The faculty will be pleased to