Nashville union and American. [volume] (Nashville, Tenn.) 1853-1862, 1857-10-27
LOUISVILLE AND NASHVILLE RAILROAD

Editors Union and american:
Allow me through your paper once more to call
the attention of this community to the Louisville
and Nashville Railroad. The graduation masonry
and bridging on the first thirty miles from Nash
vile is nearly completed and by the 10th Of
December there will be left only small parts of two
and half miles not ready to lay the track By
that time track-laying may be commenced and its
progress not materially interrupted for thirty-one
miles To attain an object so desirable requires
provision for the payment Of two more estimates Of
wor Under ordinary circumstances 1 would
neither feel express the slightest apprehension of
being able TO do so. Notwithstanding the country
is in financial crisis, feel mpeied by sense Of
duty 10 call the earnest attention of this community
t. the Importance Of giving all the aid within their
power at this time to place the company in q eond
ton to receive State aid. There is now due from
the citizens of Davidson county several thousand
dollars for arrears of interest bonds paid to the
company for which levy has been made and the
books in the hands of the collector. There was at
the same time levy made in aid of the county
sinking fund to retire bonds Of the company to the
amount of nine thousand dollars. The prompt pay
ment of that tax would be of great assistance to
the company in the payment of the estimate due on
the 10Th Of November. l appeal therefore to the
tax payers and collectors to render that assistance
1t is due the people at this end Of the road that
these sums be promptly, and as l hope will be,
cheerfulIy paid. l need not inform those who have
50 much experience in the construction of roads of
the delay necessarily involved in the purchase and
delivery Of iron. Nor need ] apprize the people
here what is nece ssary to be done to entitle the
company to State aid
an not unapprized of the fact that business men
here are DESTROYS early day to participate in
the trade of the Green river valley. By concen-
trated effort now, which cannot be inconvenent to
any, the day is near at hand when that object may
be accomplished.
The people Of Louisville, sensible of the impOr-
lance and much desiring this Southern connection,
have recently purchased four hundred Of their
own bonds Of $1,000 each and will doubtless make
bold effort to cross Green river by track in the fall
Of mex year. appeal to the citizens Of Nashville
and Of Davidson and Sumner counties to follow an
example so worthy Of imitation. 1t is useless to
disguise the fact that this is the only market for
county bonds and without efecting sales here the
work cannot progress. If suspended now, who can
tell when it will be resumed? That the loss will be
great is inevitable You alike deeply interested
in this enterprise The investment is safe and prof.
table certainly safe it will be to hold on the
prevailing currency.
Cannot a community afford to build q great road
which cannot fail to give impetus every branch Of
industry and greatly enhance the value of their real
estate by employing their money at eight or nine
Der cent current interest, and add discount as in
terest maturity Of bonds, will range from eleven
10 twelve per cent. The Company will have to dis
pose Of only about one hundred oat three hundred
thousand dollars paid to them The debt is upon
YOU AMI there is escape from it: the only relief
is to lie found in the completion of the road. Shall
IN interest so great be jeopardiEed or allowed to
lang lish for 50 small a sum The question is sub
IN tied for your solution and consideration. The
bonds are 10 the Union Bank, where instructions
will be left Bonds ofthe denomination Of 500 will
bcissued, if found necessary to obtain or facilitate
abe geltng Of the required amount.
Respectfully,