Weekly Clarksville chronicle. [volume] (Clarksville, Tenn.) 185?-1857, 1857-02-20
OURRAI1ROAD, IT'S PRESENT PRO
GRESS AND PROSPECTS,

of Irish immigration, and calls upon stock
and constsbles-among the many other
appalling adiancts of practical railroad
building subject Of considerable inter
est in our community. No report from the
Board has come out since the last annual
election OF Directors--and since their cleo
ton the matter has, for the first time since
the inauguration ofthe enterprise assumed
aspromising practical attitude. In the alb
sencc of any official report we gather the
outlines Of the enterprise f ON its obliging
offccrs-and would lay them before the
public with the earnest wish that it may
again wake to hearty practical sympathy
with the greatest enterprise that has, or can,
ever engage the attention of this commu-
nifty.
The number of laborers now upon the
line amount to about 300 The forces
are constantly augmenting % miles ofroad
are now under contract, reaching from
Yellow Greek to point within FIVE miles
of the KY, State line-this short section
of FIVE miles has not yet been put to con-
tract for the reason that the work is light
and may be finished upon short notice
1t has been deemed advisable to push
the heaviest sections-not devoting the
means prematurely to any part of the work.
The entire division of 80 miles may be
easily finished during this year, if the
means can be commanded to pay contrac-
tors.
/ Depending, as yet, upon private sub
seriptions, the Board have experienced con
siderable difficulty in providing for the es-
Inmates occurring monthly--and for this
reason, together with their failure, to this
moment, to negotiate any of the securities
+ the forces have been ordered to be grad
uated for a time.
No road in the country hasa better basis
e of means--yet the dernier resort of sacra.
% fcing the securities has not yet been adop-
n ted, and il is hoped that the Board may
: soon realize upon them a satisfactory APP
: Proclamation to their real value.
> The bonds of the county of Montgomery
6 and the city of GAINESVILLE have been ad
4 vertised for sale in this place-yot we are
surprised that our capitalists have not, as
yet, displayed their usual sagacity in the
: adoption of this safest and most lucrative
investment ever offered their cupidity-nC
I doubt can be raised as to their safety--ye
nothing is more common than sale of State
e securities at 80 to 100 centshgiolding a
v least 6 or per cent per annum-while oul
f county and city bonds go begging at Il
e cents, no doubt at rates upon which thep
4 chaser may realize with equal certainty
per cent upon his investment.
Having the further alternate advantage
of converting them into stock in the Rail
road if ever, after its completion, they may
find it to their interest to do so-havine
:, also the advantage of semi-annual pay
.
y mcnts of interest, together with the usua
= premium of New York exchange.
! We do think that if it be necessary t
= offer these domestic securities for sale-ou
domestic capitalist should reap the profit
= of the transaction. With the operation
of even majority of our people this roac
y may be built without spending one dolla
out of the county, and the county will b,
advanced in wealth to triple--yes even ten
- times the amount of the Investment Ye
- with the lukewarm and in many instances
the jealous and distrustful attention it re
ceives at some hands-with, here and Their
I the downright and defiant opposition i
receives at others-its friends labor pain
fully up through appalling dificulties-anc
with little spirit and less effect discharg
the generous and unthankful offices of pub
lie benefactors, No mind, rightly reading
= the records Of commercial and agricultu
n raj advancement, where railroads have beer
e built-or rightly estimating the importance
: of this road to our county-the vastnes.
# and magnitude of the enterprise can fol-
n one moment doubt that Clarksville, whor
e this road is built to its contemplated and
c certain connexions, will be on the line Of
one of the mightiost and most crowded
a thoroughfares south of the Ohio river
S yea, even wostof the Aleghany Mountains
c and that GAINESVILLE and our county will
= swell under its magic spell to opulence and
n Importance not dreamed of in our most
r utopian imaginings, Railroads are never
a humbugs-the problem is now solyed-it
b, is now as easy to work out the results OF