The Athens post. [volume] (Athens, Tenn.) 1848-1917, 1851-06-06
THE RAILROA D-PREFEkltEL
STOCK.

10 THE EDITOR: nave hediu n""y Y"
pressions of opinion from Stockholders anu
others, in reference 10 the proposed issue
of preferred stock by the Company, ana
the feeling South of the river. so Tar as ]
have been able to gather it, is unanimously
opposed TO it. The original Stockholders
feel peculiarly sensible of the injustice OF
The scheme to them, and will never AMIGA
bly submit 10 the movement. Many OF
them are opposed 10 the issue OF any more
bonds after the completion OF the road to
the river and its full equipment to that
point. at least for some time TO come. rms
feeling has nothing selfish or sectional in it.,
but arises out of an earnest conviction OF
what they deem to be the true policy OF the
Company and of the State. The bonded
debt Of the Road on reaching the river, in
GLIDING equipments and cost of construc.
ton of depo,s, &C., will not fall far short
of 100000 This includes, however, the
State loan of $3.50. 900, the interest upon
which is the first encumbrance upon the
Road. In view of this large liability. the
prudent stockhoider and citizen OF the State
will require at the hands Of the Directory
great caution in the management OF their
river THO n,os, ;n,nor,ant crisis in the
his,orv of the work vii then lave arrived,
and it will demand the utmost sagaclIy
thenceforward TO determine the true policy.
Considering the importance OF the subject,
all will admit that there is no good reason
why the board should act with haste IN the
matter, or in other words anticipate now
what will mora properly be acted upon
when the limo arrives. do not hesitate
IN cav. so far az the local advantages TO be
derived from, The Road TO the stockholders
and 10 the neonle of East Tennessee are
concerned ihat thew can be attained almos,
AZ rulIv bv s,opn,na the Road at the river,
as bv extending 10 Knoxville; or in other
words. ,hat the increased advantages TO be
gained by pushing the work to Knoxville
in the name, nroposeJ. IN a local point of
view. will moi be sufficient to COMPENSATE
the Comuaov for the increased expendi
,ure in constructing the extension. So that
the policy and the time of completing the
Road to Knoxv;lle should he determined bv
tho cer,a;n,v and tho time of comnleIino
tho Easi Ta,nsssoo and Viro;ria Railroad
IN ,h ,a min, .nd tho cnnnec,ion If tho
Ia,,er a, ui,b ,hs "" W;rr,n;, RoaI NJ tho Ten.
msssee l;na wy +, !" from y considera,ion If
our ,o,I, =, ano I;nE !, ,ho nrs,, OH in
.,h;oh 10 - nn;,o ,ho ,,o,ors ~ ,he ches.
no.La h. - ,,;,h ,ha M;ss;ss;,n; ,;vor and
10 conSo,"an, n,,;onoj ;mror,,rca f,r
,hova ;,s iooa, uaIna 80 ,nars ;so,,,ed
worL ,h., hano "n;ro,m,v ,dvoc,,od III -
con,nis,;nn 81 ,ho pnoa - Knorv;is a. 40
eorlr dov 90 n,ss aJ oon.;s,en,lv ,v;,h
,ha ;,,o.os,s ,Io .;.;.aI sh,,oh oiJs,.
and nv $500, ~ ,hn Gu. III oJl;'
,;on,i 49,, - ~ y r,n,,n" oons,,ro,;nn
tho Rad - Knovv;ll. rr",r ,ho rivsr ins
cIudinn IL hr;Iao d;s,.noa or,b;r,v ,;Ies
,v,lI ho ra.rIr oGnn Nnn The f,s, eiah,y
, liz ~ rn n $1,000 H. .nas FIJI" eo s;!
,,od 0;S U" a,'u I ~ ~. law ,"y ,u1n
p %I Zoo GOO "' 1'' p p" ,hon !.
vI Ii a. '.y nJ;,; ne Jurso ~ cGon onn
KIM ~" ~ ,ho ~om,n Sme1;n Uo,oUo
,uh;eh ,hau oo,,iJ ny, o,Ln.w,;.o Nv, anJ
, w o;,,J i' ,uo. Nv ,t o," 1880 se ~
n ~" "v ,'a. "a, nn, ,"' "ranS
,he nnes,;or i, Inc,i ,;aM, :, arain onJ
nm fnlIu NJ tho orinior ,h.t !, void m,
The Tennassas r;yar dr,;n. ,i,"os, ovarv
cnmn,v in ,he urror ond Of tho State .n3
masses bv KnoxyiIIs i,selc n which ,o;n,
Steamboats, have hsen rennla,lv rnnninn Ior
Tho Ias, few vea,s NAIL al ,he ,,,je
and ,raveI which tho Road worM secnre
bv be;no hu;l, tn KnoxviIIs will he sun.
,,i,oJ hv ,n oa ~ s,on,rho.,. harros g.
r. Tho terminus If The Road nron he r,ver
Na,nre has ,bns accomnl;shed for onr Road
w;,hon, Tho evnondi,urs If a doilar what
IL now dam sndet or The Comnan" hv issm.
;na n nrsf errsJ s,oct ~ tho an,om, of eSon Ooo
TIE ;n,erest mon this sun, n, civ nor cent
is s26 non which c.nnot he GAINED hv tho
ib;rrv miles NJ Road ar,er nav,no tho ex.
nenses of runn;no and rena,rs This NAV
he moved bv adJnc;no hnt one sincle factN
Tho Geor1;a R.;lro.J when comnie,ad tho
Grs, fo,in n,;Ie. obove nous,a nnlv re,I.
ized l;;le mora ,han 600 nm IF ne,,
nro6,s nor annum The nrefsrred stock,
boIdeIs nust IooL n Tho povn,en, Of Tho
halance If ,he;r civ nor cont svon ofe. tho
Road h,s beon iullv comnIe,od ~ Knox.
vile n rho ea,n;nos Som,h NJ tho ,;vor
Rmt most If ,be trade and travail of E.e,
Tennessee !. already nu,,an,ied n ,ho
Road nv tho reat na,urai enamel alI,deJ
~ On ,b., Tho issuance If n,orarrod s,ocL
NIL; ~; he ! mare Gra,m,v ~ ,ha nsu,,on," v
.sL;nn !, wuhon, onv eor;ua Isn, non.;der,
uohiuS ~