Loudon free press. (Loudon, Tenn.) 1852-1855, 1853-07-22
For the Loudon Free Press.

-Hr. Editor:-We have noticed several able
communications recently published in your pa-
per relative to the Rabun Gap Railroad, recon-
mending to public consideration the valley Of
the Little Tennessee River to which we give
our adherence, believing that no informed
mind vii. hesitate to acknowledge it the short
est and most available route to reach an imp6r-
tant point on the main Tennessee river. Our
design in writing is not to add in particular to
what has been said; but, rather to be heard in
defense Of our rights, in behalf of what is term
ed the anti-subscription party in the county Of
Blount, Of which we are among the minority.
1t is known that the last Legislature passed
General Internal Improvement Biz, guaranty
ing to the county Courts the right of submit
ting questions to the voters Of the several
counties the power of taxing themselves--ta-
king county stock Or rejecting, as a majority
might think proper. By virtue of which the
Honorable County Court of Blount, thinking
said lar not suitable 10 Their designs caircd the
aforesaid substituting in its stead resoIt tjo5;
Of their 01gR, which proposes to issue SIX $40
600 Bonds to be sold in foreign markets semi
annually, the first put in market in the fall of
"a The interest to bepaid likewise By an an
nual tax levied on the taxables of said county.
To this plan we enter our protest, although we
are in the minority for the following reasons:
l. We believe the resolution was prematurely
gotten up and acted upon in haste without SUI
ficient time for the taxpayers to weigh It's mer-
its or dement's. Our county was conyassed by
men of the best talents of an adjoining county
without opposition, who made their ablest eff
forts to sustain their o,cR county seat, knowing
that if they miss this road their fate is sealed,
and KnOTciHe could not be mistress Of East
Tennessee. In their arguments they waived as
much as possible the hideous monster that is to
sweep over our county if this measure is carried
out and confirmed onus by The next Legislature.
They told the people that they would not be
taxed-they would just stand as security to the
road, or otherwise they might have to pay 1t
tie until the road was put in operation-that
the private stock companies would pay the in
terest &c, or otherwise they would retain
enough of the amont received for the bonds TO
meet the interest semi-annually. Let US exam
inc this critically, then we can see the specula-
ton of borrowing money and paying interest
on the same amount out of principal. From
the time the said Bonds interest is due until the
lastyear you will have paid ST., 6O0;your bonds in
the most favorable market will command 90cts
per dollar which gives you Sl08,000, then de-
duct interest paid cut you have 95,400, and
$4,000 at interest at $1,000 per annum, at
that rate in l3 years interest consumes the prin-
pal;-the bonds have yet II years to run, iateT-
est and principal GONE; interest alone from
first to last at 6 per cent $2G7, 0G0, add prince
pal the people will have paid in 80 years 1927,
900 for 395 4OO;-by this measure you involve
the present and future generations in your en-
thusiastic Jacobinic scheme of Railroad, any
how, let the consequence be as it may. You
complained Of the directory Of the Hiwassee 4.
R. some years ago: if that Directory managed
badly, we pity those that fall under your rule
The Patrarchs of the Revolution resisted the
system of taxation without their consent, they
were in the English Government the minority
party; under the same plea of reasoning we
claim our rights for ourselves and our chill dren
that may yet groan under the yoke of bondage.
We are Railroad men, but we think there is
medium in which to stop; we think the road
now begun and carried through to the Virginia
Line will afford Knoxville and Maryvile market
facilities if they should fail to get the Rabun
Gap Railroad, without throwing an encumbrance
on future generations. If you persist in carry
ING out YOUR scheme of Railroads let it cost
what it may, we will adopt the plan lately a
dopted in Davidson county by the minority par
ty, or appeal to laws Of the land and see if the
county Court of Blount has the right of acairing
lq1cs and drafting resolutions for the future leg
islature to confirm on us. We oppose the veto,
except in cases of hasty Legislation; we believe
this a hosty resolution carried without mature
consideration, therefore, we the minority, claim
the veto and alix it on your Bill, claiming there
on a reconsideration-if you again pass it by a
constitutional majority Of two-thirds we submit.
We are no prophets, but the past is a criterion
by which we Judge the future. After you shall
have expended all the bond effects with all the
private subscription to build Railroad some so
miles or more, you will according to your own
calculation yet need deficit of something like
half million Of dollars, your road perhaps sur
veved some few miles graded, your Directory
drawing the tax from the people to meet the in
terest on the above named bonds; you will then
assume the attitude of the old Hiwassee direc-
tors, and take the position of the foolish that
began to build and was unable to finish; you
then surrender your charter to S. C.,whO began
the road for her own interest and she will carry
it to some suitable point to suit herself you will
then see characters you now detest-anti Rail
road men deuouncing you in the same manner
they did the old Hiwassee directors, for, accor-
ding to the laws of nature everything begets It's
| likeness, the basis Of your measures are as va
ried as the latter LITTLE TENNESSEE.
To cure palpitatior, Of the heart procure a
young woman-alive and having ascertained
| the region of her heart press the organ closely
against your own until the pain ceases. For
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