Clarksville chronicle. (Clarksville, Tenn.) 1857-1865, 1858-10-22

gress as to insure the placing Of the whcl
line of road from Memphis to Paris, {,
distance of one hundred and thirty miles,
in running condition by the 1st Of May
1859. In relation to that portion Of tn,
road more Immediately under my super
vision, might rest the point of ability tc
build upon the same general statement q,
to the method Of obtaing State aid by oatl
of the president-a former president o.
our road, and my immediate predecessor
W. B. Munford, "a gentleman of high
honor and undoubted integrity having
in the early part Of this year, obtained the
State aid to limited extent, by strict
compliance with the law, but l presume il
would be more satisfactory to give the
details, and first the estimated cost, and
here would remark that SO far the actual
cost has come under the estimate of our
engineers:
Cost Of road bed for first section
of 80 miles, including cross
ties aud Cumberland and Red
River bridges. S391, ,16S
Cost of road bed for second sec
ton from sec 80 to the Tennes-
see river, including cross ties. 1864
Cost of iron for first 80 miles, (al-
ready contracted for0 ......... 10000
Cars, locomotives, spikes and
chains, laying track, etc...... 100000
Cost of iron on the last 26 miles,
(allowing a margin for rise in
iron of $500 per mile, includ-
ing ehsins, spikes, etc......... 1s1 900
81 loss, ,122
The allowance here made for locomo-
tives, ears, etc., is small, but ample, when
it is considered that we will only run
thirteen mile of our road until we meet
the Memphis and Ohio, when we become
one road, and unite our rolling stock with
that of the Memphis company, which will
be ample for the whole road
ASSETS APPLICABLE TO FIRST rTY-sIx
MILES, EXTENDING FROM KENTUCKY LINE
TO THE TENNESSEE RIVER.
Individual subscription ...........$245, 900
Montgomery county................. 100000
Clarksville observation-disclosures. 100, 200
State aid for Cumberland bridge. 100000
Red river BRIDGE. $4,000
Iron, $4,000 por
mile................ 660, 900
Total. ."..............S 81 BOZ, 200
Cost Of road as abovs............ 1,098, ,122
Surplus. .........................., 1907 ,078
The above surplus, we believe, will cover
discounts, interest, accounts, salaries, etc.
No estimate is, however, made for depots,
but with road bed finished, ironed, and
equipped, the demands of the traffic Of the
road will determine for us both the wants
Of the road in this respect and the means
of supplying them.
Thus you see in this estimate we provide
for the twenty six miles, between the point
where our first thirty miles terminates to
the Tennessee river, and which, in your
article, you infer we have no means to
build, because IL is not under contract
The true reason why it is not under con-
tract is this we will have no use for the
road bed until the Cumberland and Ten
nessee river bridges, and the grade from
Paris to the Tennessee river, are finished,
and to work il any sooner than is neces-
sary to meet this work, would be to loose
the whole interest upon the capital EN-
ployed in is construction. Our policy
however, is to have the whole 10 running
condition by 1860, and of course this,
along with the rest, aud we will only put
the cars on the thirteen miles Of road be-
tween the point of the intersection of the
Tennessee end of the Henderson and
Nashville road before that time. This,
however, we will do by May next. Our
tardincss may be attributed, to great
extent to the fact that we occupy the mid
die section Of the line, when considered
as a through road, and the impolicy of ex
pending our capital at the expense of our
interest account until the two extremities
had approached to within q reasonable
point of completion, and not, as you seem
to think. to an indisposition to connect
with Memphis, The fact that we have eI-
pended and are now expending large
amounts of money, and that we have made
terms of consolidation with the Memphis
company, would preclude any such con-
clusion. Our Memphis friends, at any
| rata ara satisfad We do not fear honor