The Athens post. [volume] (Athens, Tenn.) 1848-1917, 1852-03-26
TO THE STOCKHOLDERS OF THE
EAST TENNESSEE AND GEORGIA
RAJLROAD.-No. III,


When addressed you on n former occa-
sion, was not fully advised of the extent OF
the resolution, or resolutions, requiring the
, President of the Road to receive bids for its
extension and the building Of the Bridge ut
l.oudon. This master stroke Of financial
policy, some how or other, entirely escaped
me. | have since been informed of the en-
tent of the resolutions in question. The pro-
f per officer is required, | am told, Gor have
not seen the rcsoutions) to subscribe fifty
thousand dollars to aid in the extension of
the road to Knoxville. If this should be so,
of which have no doubt, could not better
illustrate its effect upon you than by telling
you of an important transaction, in the IL
quor and fur trade, that took place some time
past, in the county Of Hardin, in the State of
Kentucky. a gentleman in that region con-
ceived the idea that the liquor and fur trade
would be IN admirable and profitable bus-
ness. The Cumberland mountains presented
in insurmountable barrier TO the introduce
ton of this article Of trade by the means of
the locomotives then in use. lie decided very
promptly and iudiciousy, that he would
adopt the old mode Of transportation: pulnp-
kins in one end and rocks in the other He
at once prepared Il five gallon key and Il bag
deposited the key in one end Of the bag
and rocks in the other, End thus equipped
he prepared to cross the lofty Cumberland in
to the valley of 4irginir, -r1-nrskc his first
purchase Of the much sought after beverage
He made a very successful purchase, rctraced
his steps back to the land Of coonshins, over
the grand and stupendous mountains, and nj
once proclaimed to tie people of that region
that he had good suppl y of whiskcy that
he would exchange for coonskins at the rate
of one for each pint. At that time stately
mansions, with carpetod stair ways, We're not
much in fashion in that quarter. His was one
of the humble Harrison. log cabin dcscrip-
ton, with hole, instead of fine stairway.
to enter the upper story. The people di-
rcctly gathered together TO partake of his en-
cclcnt whskcy but only one of the num-
Der was thoughtful enough to prepare him
self with the means Of prompt pay. Il coon
skin. lie boldly called for his pint and paid
down the coon-skin the merchant with equal
promptncss throws it up in the loft. The pint
was directly drank. and no other means to
purchase more. A sllrawd fellow present,
Immediately conceived the idea Of hooking
down the coon-skin. and then presented it for
another pint; and this operation was CONTINUE
ed until the trader in the ardent had disposed
of his stock in trade, for which he had rcaliz-
ed one coon-skn. This would be pretty
much the effect of the financial policy of this
moncymlking proposition Of the Albert
Galatin of the Board, when he proposes that
the Railroad Company. or rather South of
the River, shall subscribe fifty thousand dol
lars out of their long ago exhausted and
moneylcss Treasury to aid North of the River
to make goodits promised two hundred thou
sand dollars subscription. to be expended in
the extension of the road from Loudon to
Knoxville. Nick Eddie in his palmcst day,
could not possibly have conceived more
skiIrul and successful cash operation-even
when he bought a large amount of the stock
Of the old Bank of ths1kIuited States for
over one hundred Ars pslAshare, and dis
posed of it for some ten or twelve. Yes,
Stockholders, the proposcr OF this stupendous
scheme this South Sea speculation origina-
tor-this Rob Peter to pay Paul protector
this flicker of the right pocket to refund to
the moncylcss left one, ia entitled to II beau
tifully leather vanished medal for his une-
quallcd skill in dcvising ways and means for |
building rail roads.t Congress Aosses much,
government much, ain, khs:n,S ple all, by NOT
having him at the head of the humble COM |
llillltC vi ways anu ulCtIiS UT Ill u lllIlp |
more conspicuous situation, at the head of
the Treasury Department, devising ways and
means for the adjustment of that perpexnr
and long unadjustcd question: the Tariff, and |
providing general means for the support of
the government.
What would be the result upon your mo-
ncyess treasury of this Solomon-Iike scheme?
Is it not as clear as noon day to you that this
patcntee was looking entirely and us exclu-
sivcly to the issue and sale of your already
deprecated Company Bonds for the supply
ing of the Knox deficient subscription! In
questonably so-for the road is not paving
expenses and the interest upon its debt. Nor
will it us long us you continue TO burthen it |
with new debt, however skiIlful the scheme
may be that imposes it. 1t is useless for me
to repeat to you the great sacrifice that You
would unavoidably incur in selling Your
Bonds. You would be compelled. fear. to
submit TO one of My friend Jake Rollers
shavcs andif you will indulge me will give
you the operation. While resident of ano-
ther State | had Dutch friend by the name
of Roller-by the bye, clever man. He had |
occasion to 90 TO Shenandoah, the county of
hia birth, to see his friends. He remained |
there rather IN unusual time. Upon his re-
turn lmct him in the court yard and conerat- |
ulatcd his return by hearty shake of the
hand, and asked him what had kept him so
long "Oh,' says he, in his own language,
81 have been sharing paper" 'Ip-what man
ncr!!" says |. buying other peoples notes
and giving two dollars for one" SAYS Jake
Jake would make a good adjunct to the Tai
leyrand of the Board Are you willing, then,
to permit your Company Bonds to be hawked