The Daily Nashville true Whig. [volume] (Nashville, Tenn.) 1851-1855, 1855-08-15
For the Nashville True Wing.
Nashville and Cincinnati Railroad.

For the Nashville True Wing.
Nashville and Cincinnati Railroad.
The New York Journal Of Commerce of very
recent date, gives the following encouraging items
in relation to the money market. 1t says:
"The supply of capital seeking investment is
daily increasing, hence first class Railroad bonds
and State securities in better demand and very
strongly held.
Fancy stocks are irregular, and very little sought
after either by capitalists or spectators.
1.-THE Banks do not find their offerings sufficient
to absorb their receipts, and second class paper goes
far more freely than at any previous time within
twelve months"
From this extract it is very apparent that there
is much elaborated wealth in New York, seeking
profitable investment, and as this great Southern
trunk line, as it can be made to appear, tenders
stock to the improving money market of that class.
why should it be thought a thing improbable for
Nashville and Danville to embrace and kiss each
other" by the time Covington, Va. White Sulphur
Springs, and Guyandotte at the mouth Of Big Sandy,
shall do the same2
From Richmond, Va, to Nashville, the various
necleii set at the proper intermediate points,
and capital will, by law of trade, draw labor to it,
As an instance, the link from Lexington, KY, be-
ing short Of funds called to Cincinnati for aid; she
responded through an answer of 500, 900, and all
goes bravely on again. And again, the section
from White Sulphur Springs, Va, to Guyandotte,
on the Ohio, near the mouth of Big Sandy, UiG
Kanhawa Saline, suspended all her work, except at
tunnels, on this CovingtOn Va, and Ohio Railroad,
as this link is called, when the State of Virginia,
by her Legislature, appropriated 81 0OO 900 for the
further prosecution of the same.
That the Virginia Central Railroad will come
down to the Kentucky State line, at the mouth Of
Big Sandy, is not doubted by any well informed
man on that enterprise. Col. E. Fontaine, of Rich
mond, Va, the energetic and efficient President Of
this road, says: "Thst the next Virginia Legisla-
ture will make the necessary provision for compile
ting it, no doubt can be entertained, as recent
surveys have just demonstrated the peculiar charac-
eristics Of this line. With this line
completed, the cities Of Richmond and Norfolk will
have the most direct the cheapest and most relia-
BILE connection with all the States bordering on the
Ohio and Mississippi rivers"
Speaking of the Lexington and Big Sandy Rail.
road, Col. Apperson, its President says: "The
subscription which we have will enable US to pre-
pare the road for the iron between the terninii;
and but for the adverse condition OF things in the
money market, and the loss of confidence, the road
could procure the iron and rolling stock on credit
entertain great hopes that confidence will be re.
stored after a few more months Of panic When
ever this takes place, money will again become
abundant"
The enlightened forecast and indOmitable energy
of Col Apperson, entitle his opinions to much
weight. They have it where he is known. He
intends to bring bis road to Lexington by the time
Col. Fontsine reaches the Ohio at the mouth of
Big Sandy.
At Lexington, Gen. Leslie Combs takes charge
of this great Southwestern Union trunk line. His
name is host Hitherto his section has been IN.
fortunate. Contractors have repeatedly become
defaultets for large amounts, and thereby greatly
retarded the construction OF his road II is rein
stated, however in the public confidence, and will
shortly reach Danvlle in pursuit of its terminus at
Nashville.
In his letter to of June SOth, ultimo, be says:
II have re-let our road TO the Kentucky river to
reliable and experienced contractors, to be finished
by the lst Of May next, by which time have no.
tilted Mr.. Roebling, that most distinguished engi.
neer, that shall be ready to cross his gigantic
bridge, the great Clay viaduct and hope it win be
ready for me-
Our charter allows US to proceed TO the Tennes-
see line where we please, and we shall not decide
on any point until we know where your marks win
touch our border. We have surveyed several lines,
but located none beyond Danville. | shall 20 on
south as my means permit without attempting to
do too much at once.
by strict economy and sensible management,
DO not doubt entire success. il Tennessee does her
duty IN this direction.
l shall be glad to hear from you now and then,
when times look brighter"
am truly happy TO be enabled 10 say 10 Gen.
Combs times look brighter oenippan, Proyi.
denee has doubled our corn crop; and 20 Col An.
person, that that "lOss Of confidence 10 which he
truly assigns much Of the pecuniary havoc Of the
country Is being rapidly restored BY the sat erop
noS garnered and upon the market Isi,susselent
to Perpeiua'e this returning eouhdencei Let a,
sea
The wheat crop Of ls49. as reported in the cen. /
'as OF 1880 was loo,o00,oO0 bushels The area
put down IN 1854, by common consent Il so per
cent ever that Of istO, aad as much above il In !
production.