The Athens post. [volume] (Athens, Tenn.) 1848-1917, 1854-03-24
EAST TENNESSEE AND GEORGIA
RAILROAD.


RAILROAD.
from the Augusta Constitutionnlst1
We learn from friend just from Eas
Tennessee, that this road is doing large bu
siness, greatly exceeding that of last year
The felicitous location of this road renders il
worthy of n passing comment. The charter
extends from Knoxville to Dalton, II miles
in n southwest direction, thus enabling II
tbrouch most of that distance, to occupy the
remarkable position of trunk common to
the great east and west and to the north and
south thoroughiares, crossing at Knoxville
Tennessee. From his point, the road along
the valley, between the Allegheny and Blue
RIDGE ranges via Abingdon, l.ynchburg, Cor.
louisville and Alexandria to Washington, is
all under contract, chiefly built, and will be
completed within two years. The road direct
to Cincinnati is provided for, and will be put
under contract as soon as the route can be
surveyed. The Tennessee river and its trlb'
uturics give an extensive steamboat commr;
nication above and below. The East Ten.
nessce and Georgia road has so miles COM
pleted from Dalton to Loudon, and the resi-.
due will be finished within the current year.
The Rabun Gap (or Blue Ridge road has
recently been put under contract to Knoxville.
A branch from Cleveland to Chattanooga is
to be built rs soon as the work can be done.
Georgia has just granted charter from Dial.
ton to the Alabama line, in the direction Of
Montgomery; Tennessee and Alabama have
provided for roads from Chattanooga to Nash
vile, to Memphis, to Salem and Mobile, and
through Alabama in the direction to New
Orleans. The Georgia State Road is in good
order from Dalton to Atlanta, whence
branches spread in all directions. Turning
again to the north, from Cincinnati, roads
radiate in all directions, extending to the lakes
and far towards the frozen ocean.
Viewing Knoxville on the map, with its
many connections, one is impressed with its
eminent advantages us great manufacturing
centre; and with the importance Of the East
Tennessee and Georgia Railroad, as the chan
mel through which is to flow the countless
trade and travel that must inevitably pass
through that point. The recent report Of the
President shows that the nett profits Of the
first 80 miles, having no connection but with
the Georgia State Road, for the year 1853,
were about 81 per cent. What will they be
when the double fan of roads, with this road
rs the common stem, shall have been COM
plcted! From Nashville, Memphis, New Or.
leans, Mobile, Pensacola, Savannah and
Charleston, freight and passengers will 60 by
this Road to Louisville, Cincinnati, Pittsburgh,
New York, Philadelphia, Baltimore, WASH
ington, Richmond and Petersburg.
Between the two great commercial centres
of New York and New Orleans, it is the d.
rect line, and cannot be rivalled by any other,
as It occupies exclusively the valley between
the Cumberland Mountains and the Blue
Ridge, which obliges any other route to dc.
viate greatly, either to the north or the south
1t is the policy and intention Of the com.
pany to declare dividend Of all nett gains
(ess n suitable reserve for contingencies,) or
the first of September next, and scmi-annua
ly thereafter, payable for the present in stock
but in cash as soon as the cxigcncies Of thu
work will permit. The Road is well built
has little floating debt, is well managed, il
doing large and rapidly increasing business
will certainly pay good dividends, and it
stock is now intrinsically worth full par value