Richmond daily times. [volume] (Richmond [Va.]) 1850-1853, 1851-06-13

geousy employed, and competition on one hand, and
the saving OF six months interest the other, will
able the purchaser here to sell cheaper and compel his
competitors TO come to the market. The re-
ducuon OF the prices reacts upon the consumption and
thus greatly increases the quality OF the merchandise
forwarded; and it is fair conclusion from these pre-
mlses that after few years no less than eight millions
fee now. =
Let US appeal to our own experience What is the
cause OF the Improvement every where obvious in our
c1yl No change in externa relations has occur
red. We have opened new fields of commerce. nor
have we discovered any mines of gold And yet, eve
~ house IN our city readily finds tenant where it is
Tor rent, or purchaser where it is for sale. Vacant
lots are being built upon. Mechanics find ready en-
poyment in every department. and the trade ofthe city
with the interior is larger than it has been in any
fully 30 per cent in advance. The shipping has been
Insufficient to bring the goods wanted, and MANY OF
them have actually been imported by steamers via Sa-
vannah. II any one will walk up to the Railroad and
OF this state of things Mississippi, Tennessee and
Alabama will be found to be freely mixed in with
Georgia; and even the names OF some OF the western
counties OF Virginia will be seen occasionally among
The length Of the road, as already stated, is 2Sl
miles, 1t traverses route which has already been
partly graded, and used for two small railroads
which the Memphis Company have since purchased at
very great advantage. One of these runs from Men,
phis in this direction fifty miles, and the other goes
around the Muscle Shoals from Tuscumbia to Deca-
Wi ostduCe Vi lOrty-tWO miles, neS0 ROADS cost
the original owners about SS0O0O0 and have been pur-
chased Tor $50 600, OF which has been taken up
In stock to the road. There remains therefore,
only le9 miles to be graded w ch recent surveys have
reduced to 1874. The engineer who has surveyed the
route and made the estimates is well known 10 several
OF u.s. tie has served in this State on the Charlotte
and Columbia Railroad, and is one of those few whose
estimates have fallen short OF their contacts He
estimates the cost OF the entire road 81 1893 29l and
that on the whole route there is grade So $40
iset to the mile, and that for only short distance
The great importance of this low grade may be est.
mated by the fact that one of the leading reasons
winch are now inducing the New England people to
make their new Road from Boston to Albany, is, that
Sfeet.
The stock already subscribed to the Memphis and
Charleston railroad is O0O The stock list we are
assured, can be entirely relied for the amount sub
scbed and the sound discretion of the stockholders is
exhibited in the Limitation which they have put upon
their directors that they shall commence operations
until 900 shall have been subscribed so as to
ensure the accomplishment OF the work. 1t is for this
reason that the remaining 100000 is go essential to
them Il is the turning point OF the enterprise, and it
susty feared that if delays in raising the amount
their stockholders may be turned away to other cham
nels OF communication. And that this is no unreal
tear obvious from the fact that both Mobile and New
Orleans have been aroused by the efforts now making
and are seeking to establish railroad communica ton
with this region ofcountry II our city should consent
stockholders themselves would increase their subscrp-
tons to the extent required With $25O0O00 Of actu-
al stock subscribed there be doubt OF the Com
pany's ability to make road which would cost only
$500 900 more, OF their ability stock it and put
ii into operation.