Daily Nashville patriot. [volume] (Nashville, Tenn.) 1857-1858, 1857-12-12
From the LoulsYiIle Journal.

/ UuCn Interest 10 me people Ot luis Guy
| Southern Kentucky. The welfare of Louis
Vile, her commercial prosperity, and the ap-
| probation of the value of her real estate are
now mainly dependent upon the speedy COM
! pletion of this enterprise. She can no longer
sfford to look only to river transportation for
! her Southern commercial connexions, and this
road is the connecting link which will pour
| into her lap a vast trade and commerce that
she cannot expect 70 retain or to increase
without a railroad connection with the rail-
road systems of the Southern States. The
citizens of Louisville are directly and greatly
! in crested in this undertaking and will hail
with qualification every added evidence of
its progress.
The report is a plain business document,
setting forth the progress of the work, the
! exnendtures already made, the estimated cost
! Of the work yet to be done, and q statement
! of the means of the company available for
! this purpose. The main road is completed
and in running order to Rolling Fork, thirty
one miles from this city. The bridges across
! Rolling Fork, composed of two spans of two
| hundred feet each, is finished, and the track
! laying has advanced Southwa-d from that
! point about one mile, and will soon be finished
| to within seven miles of ElizabethtOwn. If
no unexpected obstruction to the progress of
] the work is presented, it is believed that by
| April next the grade over MuldrOugh's hill
| will be ready for the track, and that, by mid
summer or autumn, the grading will be COM
! pleted to point two and half miles south
| f Green river or about seyenty-five miles
| from Louisville. The bridge across Green
river will be one thousand feet long and thirty
! feet high. As to the prospects for the COM
pletion of the road in running order to that
| point, the President in his report, says:
''Frcm the point to which the track will reach
! this fall to a point two and half miles south of
Green river is about forty miles. The cost to iron
that part of the road will Unnecessarily depend on the
cost of iron delivered at Louisville 1t is believed
| that contracts might be made for the best
| American rail at sixty-seven dollars per ton. As
sumo that as the price of iron, it will cost about
three hundred thousand dollars to ballast the road
from the junction to the top of Muldroughs bill, to
buy the iron chairs, spikes and cross-tes, and lay
the iron on track for the forty miles. This sum of
SOC, 900 dollars must be created in addition 70 the
| available means now at the command OF ;he COM
panY if it is desired to press the entire grade ma
sonry and bridging TO completion on the whole
line within the next two years. 1t Is the OPINION
of the board, and to them 1t serms aquestlon OF
little doubt, that true policy qures that the en-
! tire grade should be completed at the earliest pos
| sible day if adequate means were provided. But
with the present means the two objects-tO cross
| Green river with the track, and to complete the
! entire grade-cannot BE- done. The means are ad-
| equate to either. If the additional sum Of three
! hundred thousand dollars cannot be raised, or the
! iron prOcursed on the credit ot the company, or
otherwise no time ought to be lost in determining
which of the two purposes shall be accomplished.
! By comparing the cost OF the entire grade with
! the means of the company, it Is shown that the
| present means are adt quate TO the completion Of
the grade, but to cross Green river with track is
| too important to the business Of the road to be
| overlooked.
If the road can be made conn lete for business
! across Green river, and the State Of Tennessee
| shall extend its usual aid to iron that part with
! in that State As miles, there will be 20 miles of
road in track for business, which leaves only IS to
provide with iron.
There should be no hesitation nor delay in
completing the track as far Southwark from
| Louisville as can be done with the present
means of the company, and, when the vast in
terests to be subserved by completing the en-
! tire road within two years are taken into con-
| sideratiOn, little doubt shOuld be entertained
that the additional sum of 100000 required
| for this purpose will be raised without much
! difficulty. We agree with the President in
his opinion that when the track is completed
! and in running order from Louisville to point
two and a half miles south of Green river,
| and, from Nashville thirty miles out, market
may be found at home for enough of the com
pany's bonds to complete the whole enter
prise.
The report of the President aludes to the
aid received from the citizens of Louisville
| in terms of grateful acknowledgment. He
adds:
cit is hoped an example so worthy of imitation
will be followed by citizens of the counties along
the line. If 1t shall so turn out, and the company
shall be so fortunate to convert their securities
into cash, il may be relied with confidence, that
! the year 1859 will well nigh present the road in
| completed state. That the people along the line
! should become the holders of these bonds is emf
nently proper. By such sale and purchase you
| secure for the road many active and influential
/ FCr fhgr Of
! friends. Such purchases usually made by men
| whose business property will be adVanC-
! ed ~ the road. Thus men of business increase
! their business operations, and property holders
the value Of their properly by Vestug their money
] in securities yelling from TO 10 per cent
Investment which Produces profit far exceeding the
average oper ltions with Incidental advantages in
! calculable The moral and interested Influence
! produced on the respective communities will prove
d cert4in guarantee of the fidelity of those COM
muuites in meeting their Obligation 8. 1t will be a
proud achievement if Tennessee and Kentucky
will, as they can, build this great connecting link
in the chain of the roads south and north, without
suhjrcdng it to liens and mortgages held by CAPT.
tasts who have no other motives than that of pro-
! fit and ui nate ownership"
! He concludes the report with statement of
! the prospects OF the company for the cons rue
| ton of the Memphis branch, contemplated by
| the charter, and imperatively demanded by
! the requirements of our trade. This is i'm
pOrtant feature of the Louisville aud Nashville
| road. The speedy construction Of the main
| stem to point where railroad conn ectiOn
! between Louisville aud Memphis may be cas-
/ ily constructed is a contamination devoutly to
| be wished. Gov. Helm says of this Memphis
| branch:
preliminary surveys with view TO the selection
Of route for this i'm portanJ brauch-rOad have been
| made. The routes have been examined, and es-
mates OF the cost OF each mase by faithful aud
! competent officer and returned TO the Office some
ten months since. One route passes through Rus
! sellve, another through Franklin, and one utter.
mediate each beginning at point the line be.
tween the States of Tennessee aud Kentucky
where the GAINESVILLE, Memphis aud Louisville
Railroad line terminates, aud two falling into the
main road 10 the vicinity of Bowling Green, the
/ other at Franklin.
! The Russevilie route is forty-eight and Ia
| half miles in length, and estimated to
COST when made complete, $3.50, 462
! The central route is forty-hve and halt
| miles in length, and estimated to cost,
when made complete, 900, Ssl
| The Franklin route, terminating on the
! main liue, twenty mile south OF Bow
! Ling Green, is Ihirty-four aud hslf
/ nj lies in length, and estimated 20 cost,
! when complete, 766, 642
! The latter route, imposing the least expense
engtheus the distance from the State line TO Bow
! ling Green.
| The above estimates are very full and it i be-
! leved either route may be htIed for business Tor
/ Sl0U.OO less than tue estimate.
! The selection OF the one or the other OF these
/ routes viii most likely be determined by the a.
mount Of available subscriptions offered. The
county OF Logan made bond subscription OF $780,,
| 600, Oh condition Russelvillo a point. No for.
/ NAL report has b-Rn ma1a of the amount of ur-