The Athens post. [volume] (Athens, Tenn.) 1848-1917, 1851-01-17

our Company Cet'd" Pv"o'' 80" ~
leges within her jurisdiction. and these she
will secure 10 US, and we have an ABIDING
confidence that she will protect 10 in their
exercise and enjoyment.
The completion of the rond to the Hiwas'
see river seing now provided for md rem,
dered certain at on early day the iron and
equipments being provided moi only for the
frs, section, but also tor the extension OF
the road to the Tennessee river. the Direc'
,orv have not forgotten. or omitted to DIS
cuss the necessity and expediency OF putting
under con, rae, The work for tie completion
of the road between the two rivers. But 1t
I is proper to State to the Stockholders. rs
candoY requires that we should do so. chat
the onIv obstacle in the way so far. has
been o want Of adequate means to pay Tor
the materials and work. large sum snol
needed, but even the small amount required
and asked for. has MT been furnished. The
only proper and Legitimate method of rais'
ing the means, situated as we are, is by an
issue Of new stock to the amount needed
| To have this taken has proved 50 far exceed
lngly difficult. Efforts have been made
and aro now being made, to obtain
subscriptions of Stock for the extern
sion Of the road, but the amount so far Sc
cured is inadequate. II is still hoped, how
ever, that people 50 deeply interested as
ours are, will not continue to withhold the
needed funds. to be so amply repaid by the
construction Of the road, but will come f0f'
ward at this favorable time, when little
will effect 50 much for their own interests
no IF ha tsyiH hp
cesstul. aud that Mt some very early day the
Directory will ave the means Of putting
under contract the SECTION between the two
rivers This part of the road must be made
and the sooner il is done the better for all
interests concerned. A delay for one wear
in the announcement Of the work. would
be exceedingly injurious. II must not be
delayed, but by some means pushed forward.
If n contract could now he made, the road
could be completed and put in operation to
the Tennessee river in one year from this
lime.
When adequate mems are secured for the
completion Of the road TO the Tennessee.
we will then look to the extension to Knox
vile with increased inter st and confidence.
The completion of the two first sections
will render the accomp lishmrnt of the third
comparatively easy. We will then. IN adj
dition Ia the ircone of the road and the
bettered condition of The c,'uhtry. have am
pie resources in credit and friends.
To secure the completion of the rond to
the Tennessee river, aud its consequent
blessing, we now only need. to BE- raised,
by q subscription and payment Of Stock. or
in some other why, about $4,000. q part
Of which is already subscribed. With that
sum in cnsh. in add lion to the present
means of the Company, we can finish and
equip that portion Of the road, and liquIJalp
the remaining balance Of the debt Of the old
Company, amounting to q little over $50,
900
The prospects Of our Company are bri ght'
tniDg in many respects. It's condition Is
growing better daily, and must now improve
rapidly with ,are and p 'udence in the man.
ngcment Of its afairs. Us Indebtedness
at present - moons siderable aside from the
State loan, which will not be- bd,hsnsome. -
The old debts can BE- paid within the present
year with proper management. without re-
,arding the prosecution OF the work. But
few. if indeed any, Stock Companies in the
Union, with the same amount of work done.
aud materials and equipments furnished,
can make better showing than ours.
Our road completed on The plan adopted
and with the iron purchose d, will be one OF
The best in the Union. IN irmness Of road
bed. easy grades, s,raig'hness Of line. ex.
celencs Of superstrucr ure, size, pattern q nd
quality Of iron rail, it will compare fnvO.a'
k, ho ri
other equipmnts will be Of the best class.
It will COS, the prescn. S'ockho ders, inclu'
ding the State, completed to the Tennessee
river. little over 50 miles, with ample
equipments for doing business, abou, The sum
Of 1870. 900, or q little over $l5.S75 per
mile, bu little over one half Of tho average
cost per mile Of good roads IN the United
States. But suppose we put down Isl 3OO,.
900 as the aggregate cost. which will be
more than sufficient to cover oil cOntingen.
cies. Six per cent on that sum will be S73.'
900. Every well informed man at oil &C.
tainted with The history Of Railroads, and
with the position and prospects o: ours. vii
be satisfied that our read will pay that sun
after deducting oil expenses "f working, re.
pairs, &c. Indeed we will be disappointed
in our calculations il it does not pay 10 pei
cent the third year after its completion to
the Tennessee. The Stockholders need moi
desire better property than il will be-
They could not obtain better in any Rail
road in the Union. for our road will occupy
a favorable position as part Of that g'ea'
line Of RAILWAY. connecting The North and
North East Of our extended country with
the South aud South West, the main trunk
extending through East Tennessee and Yves.
tern Virginia, and OF each end reaching ou'
its branches in every directions. This mair
trunk can never have any competitor or ri.
val in any parallel rosd, and must draw to
it oil the extensive commerce, supplying the
wants and subscribing the interests Of one
million OF people, and the teeming travel
flowing in from each end and from q gros,
distance on either side.
The Company are indebted 10 The Engi-
neer-in- Chief for his energy and psrsever-
ance in their service. and especially for his
exertiOns in negotiating some Of the con.
tracts hereinbefore mentioned. Equal praise
is due TO his first ASSISTANT. Mr.. Morris,
whose exeriions and Isbors have been in
cessant IN forwarding the interests OF the
Company. The other gentlemen assisting
the Engineer, as we'll as the subordinate of.
ficers and agents of the Company, have
faithfully discharged their duties.