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

ment act of 1859, and show assets enough
to prepare the road bed to Paris, or to q
point of intersection with our road. They
are also authorized to change the name Of
their company to that of the Memphis
and Nashville, or to any other name they
may desire; and having made an entire
change of policy as to connections with
other roads, they have thought proper to
change their names in conformity thereto,
and are now known in our railroad
nomenclature as the Memphis and Ohio
company.
There now being an understanding and
agreement between the Memphis and Ohio
and our company, both desiring through
line from Memphis to Louisville, we, too
obtained further legislation, and had our
charter so amended in 1855, as to empower
us to build our road from the Kentucky
State line to the Tennessee river, in the
direction Of Paris, or to point of inter-
section with the Memphis and Ohio road,
and Ito use the words of the act), when
ever they shall obtain stock to grade and
prepare for the iron rail, the road bed, as
provided for by the general internal i'm
provement law, said company shall be
entitled to all the benefits of said act, in
other words to ten thousand dollars State
aid per mile; further giving us power to
consolidate with the Memphis and Ohio,
and retaining all power, rights and privil-
eges formerly granted to us by charter or
general law. One of which powers, let it
be borne mind, is to construct road Gas
is set out in former quotations from our
original charter) from Memphis to the
Kentucky State line to meet your branch
or main trunk, as the case might be. You
thus see that there are organized companies
in Tennessee, having for their object a
through road to Louisville, and that there
is no part Of the line in our State which
We have not the authority by charter to
build, and not a mile when prepared for
the iron rail, for which We are not entitled
TO ten thousand dollars State aid. The
Memphis and o 10 having the right to
build to Paris, or to such point Of in
tersection as may be agreed upon, even
though that point be within the corporate
limits of our town; we having tho right,
by original charter, to build from the State
line to Memphis, or from that point to the
Tennessee river, or point of intersection
with the Memphis and Ohio road, though
that point should be within the corporate
limits of Memphis.
This legislation was of vast Importance
to our companies, giving to us as it did
two rest points $50 to speak) before we
reach our termini, or even point of in
tersection, and thereby enabling us to
avail ourselves Of the State aid, which
otherwise, without an increase of assets
we could not have obtained The general
internal improvement law, passed in 1852,
gave to each road mentioned in the act,
(Which embraced both of ours,) ten thou
sand dollars per mile, upon condition that
they complete section of thirty miles,
beginning at either terminus, rrady for
the iron rail, and when this was done could
show under oath of their president and
treasurer, assets enough to complete the
balance of their road. When another
continuous section of ten miles was so
completed and the same showing under
oath is mado, they are again entitled to
State aid, at the same rate per mile, and
so on to the end of the road Now neither
the Memphis and Ohio, or the Memphis,
Clarksville and Louisville road ever had
assets enough to prepare for the rail their
whole line of road from its original start
ing point to their examinations. That is
to say, from Memphis to Nashville in the
case of the Memphis and Ohio, and from
a point of intersection with your road to
Memphis in our case, but the Memphis
and Ohio had assets to build from Memphis
to Paris, aud we enough to build from our
starting point to the Tennessee river--and
hence, though we have had acts passed for
some time authorising consolidation, and
indeed have agreed upon the terms, We
have remained under seHarate organiza-
tions, and will so remain until the whole
road bed is graded from Memphis to Paris,
and from our starting point to the Ten
nessee river.
To do this we have ample means. The
road from Memphis to Paris is provided
for by the Memphis and Ohio company
am not, however, sufficiently we'll ac-
quainted with the details Of their affairs