The Evansville daily journal. [volume] (Evansville, Ia. [i.e. Ind.]) 1848-1862, 1854-09-09

New York CorrcsponGencc-Lc from
Willard Carpenter--Fattcri Prov
poets of the ssStraight Line UaiiToad,,
Its Charactcr and Credit-Eastcrn
Money Matters.
We have received letter from Mr.. Will
lard Carpenter, dated New York, Sept. A.
This letter brings glad news OF his success
in securing an abundance Of means Tor the
completion of the Evansville, indianapolis
and Cleveland Straight Line Railroad. He
says ''the money arrangements are all made
and the work goes rapidly on to completion"
He says "the character and credit of the f.
|. and Z. Railroad stands second to no other
railroad in the United States among the
Eastern capitalists. They have noticed its
superior location and its numerous connec-
tons, which they say combine greater adj.
vantages than any other road built on this
continent. While large number of West.
ern Railroad men have been here securing
the markets for weeks for the purpose of
raising "funds," and willing to submit to
ruinous rates, have failed without a single
exception to raise one dollar, so far as am
able TO ascertain, we have been able 10 raise
all the money we want for our road long
time, al per cent. interest, and without sac
rihcing one cent in the sale of our bonds.
(Al.hough offered eighty cents, would not
accept.) Nor have we made pledge of any
of our bonds or any other Railroad securities
as collaterals to raise money. But we are at
this time free as air in the best of credit"
| A I'll this is excellent news for those inter-
ested in the building of this great railroad
Let those who have doubted its ultimate
completion, and who by their croakings, and
in some cases malignant misrepresentation,
have sought to injure the enterprise at home
and its prospects and credit abroad, now and
forever close their mouths. We hope those
few but jealous individuals who have honor
ed this great and magnificent enterprise with
their enm'y, now feel that further opposi-
! ton is useless. The indetatigsble exertions
OF Messrs. Smith and Carpenter have accom-
plished the work. This great enterprise
will be pushed on rapidly TO its ultimate COM
pletion. Those at its head look not back
nor will they falter until the whistle of the
locomotive shall arouse from their lethergv
every skeptical sold foey" on the line, and
bring them to a consciousness that they
were not born for such an age Of enterprise
and improvement.
The greater credit is due Messrs. Smith
and Carpenter for their achievements in this
enterprise, that they have successfully en-
countered obstacles both a home and abroad
of the most serious aud discouraging nature.
The general slringency in the money mar
ket, and the difficulty in obtaining money
upon railroad securities at the present time,
the advance in labor and material, to say no.
thing OF the local disaffecton, were sufSici.
ent causes in themselves to have daunted
and discouraged The stoutest hearts. While
many enterprises of unquestoned merit have
been abandoned in despair, under less dis
couraging circumstances than this great
road has succeeded, under the Management,
of Smith and Carpenter, we feel great cause
to congratulate the friends of The Straight
Line upon our hatterng railroad pros poets