The Evansville daily journal. [volume] (Evansville, Ia. [i.e. Ind.]) 1848-1862, 1855-12-18
The Straight Line Railroad.

much of the future prosperity of Evansville. is
steadily progressing under able management
The most rigid economy is being exercised
by the Board Of Directors and those having
the road under immediate superintendent
yet at the same time every part of the work is
being well done, so that when completed it
shall be second to no other road in the coun-
try in point ofreal excellence. The President of
the road, Hon. o. H. Smith, and the General
Solicitor, &c, Mr.. Willard Carpenter, are
laboring with indefatgable industry and per-
severance, in progressing the interests and
work in connection with this enterprise. They
have already achieved wonders. Although
every impediment has been thrown iu their
way that ignorance, prejudice and mercenary
greediness could bring to bear. they have grad
ually overstepped every obstacle presented
and are pushing forward the work with vigor.
What their labors have been and what these
iabors have accomplished, may be appreciated
in the fact, that the work on this road has been
increasingly continued from the very start,
and every estimate promptly paid, in the face
Of the unparalleled money depression and gen
eral prostration of business which during the
last two years have marked the country
while every other Railroad in the West com
menced at the same time or afterwards. has
been compelled to stop operations This road
is now in a hourishing condition, and we VEN
ture to say there will be no cessation of the
work whatsoever till it is completed. Every
effort has been made to injure this enterprise
In the opinion of capitalists abroad, and by
charging it with being competing road to the
e. & G. Railroad, to injure it at home. But
the Importance of the enterprise is now felt
and properly appreciated by Eastern capitalists,
and we think all further attempts to injure it,
even by an influential Railroad Journal. will
prove utterly idle.
The tenth estimate, amounting to $4,000
was promptly paid in this city last week.
The total amount of work done thus far by the
sub-contractors, is S192,O47, as we learn from
statement presented us by the Chief Engi |
necr, Mr.. Moore. The grading is now almost |
entirely completed to the crossing of the Ohio
& Mississippi Railroad. The iron for the road
would now be landing at our wharf, but for
the cessation of work on the o. & M. Railroad. |
1t was the original intention to at once Law
the iron on the road as far as this crossing
but the Board have wisely concluded not to
purchase iron, and be compelled to sell bonds
to pay interest during probably long interval
while the o. q M. Railroad is being completed.
FROM the latest news of this road. there seems
no doubt the work will be resumed on it early
the coming spring. There are two propositions
for its completion-frst for the stockholders
by the aid of the corporation of Cincinnati to
raise one million and half dollars. vigor-
Gus effort to raise this amount is now being
made, and if it fail, then the Bondhoders will
take the work through. We anticipate, from /
reliable information, that the o. & M. Rail a
road will be finished to the crossing of the /
Straight Line Railroad in ten months from the a
first of this month. v
On the first of next month the second divis C
ion of the Strait Line Railroad, beyond the cross
ing and running to Newberry, twenty miles. n
will be let Thus the road will in a short
time be graded to Newberry seventy -four miles !,
from Evansville, and only one mile longer than =,
an air linel This is half the distance to In y
1ianapolis. Beyond this, the very best feeling
prevails for the road, and as an evidence that
The same feeling prevails elsewhere, we NAV
say that during the last sixty days more stock g.
has been taken in Daviess county than ever :,
vas taken there before. And as an evidence
If the feeling above, the citizens on the third
llvlson of the road, from Martinsville to In
annapolis, thirty miles, who have already SUBJ of
crbed $125,OOO stock and paid their calls 81
promptly, have made propositions to the
'oard to take new stock enough to grade and
ut the superstructure upon that portion of w
he line, and pay 25 per cent every ninety an
avs II the company Will go on and lay the ter
on, besides paying their old subscription on ed
lie road down here! There is an example to
e people on the lower divisions. 1t shows
lat those living near the upper terminus of the lon
ad, fully appreciate the vast Importance of mo
is enterprise, and regard it as mare impor- ano
mt than the roads north of Indianapolis. VIII
hey understand in that region the ya7ue of the
llroads. They have seen other railroads dod
aversing the country and STRIKING Tnd;on,, chill
s. increase the value of property along their stir
es double, thribble, aye, in many cases. six hee
nes their original value before the works nev'
re commenced. They are situated where tor
y can see the benefits of railroads and thew sss
determined at any cost to have raiIroad exec
ngside or in the neighborhood of their prom ;fan
y. Such will be the effect of This rood on IL,