Fayetteville observer. [volume] (Fayetteville, Tenn.) 1850-1966, 1858-02-04
For tho Fayetteville Observer.
Winchester and Alabama Railroad.

AS my connection with the above
road has now come to a close, it may
not be inappropriate for me, under
the circumstances by which that event
was brought about, and results which
have followed it, to say something in
explanation of that event; and feel
ing as | do that some informa ton is
due to the people of this county, who
have given SC. literally Of their means
to insure to their county the benefits
arising from this enterprise, I shonld
fail in the performance Of my duties
to them should ! neglect to do so.
First In importance and demand
ing most serious consideration, is
the financial condition of the compa.
ny and the cost of construction
From the written affidavit of the
Treasurer, there appears to be sub
scribed by Lincoln county the sum
of one hundred and five thousand
dollars, in franklin county twenty
thousand, making in all, one hundred
and twenty-five thousand dollars cap
ital stock, Now from my surveys, it
appears that the subscription Of, Lin
coin county is some larger than will
be required for grading purposes, but
experience always has shown that
such enterprises cost more than was
at first anticipated; and in this case
an item was entirely overlooked, viz:
bridging the streams of the Barrens;
and whilst | affirm that Lincoln coun-
ty has subscription enough to build
her own portion Of the road, / also
assert that she has no money to spare
to build roaes for her neighbors. At
the letting at Salem, it was distinctly
stated by the President, that Frank
lin county had a larger surplus than
Lincoln, and why was this idea advan-
Iced but to prepare the way for draw
ing on the Lincoln subscription to
build the work in Franklin, to supply
that known deficiency Of means in
the Franklin subscription? And let
me now report on this side of the
question, / have documents from
the hand of James III. Grant, based
on estimates made by Thos. Estill,
showing the cost Of the grading,
bridging and cross ties of that portion
supposed to be in Franklin county, a.
mounts to sixty-two thousand twenty
three dollars aud sixty-two cents, not
allowing anything for eight so-called
finished sections, which viii cost at
least five hundred each, making four
thousand dollars; also for repairs Of
masonry thrown down by ffeshets,
four thousand dollars, from which
the account stands thus;
Grading, bridging and cross ties. S62, o23 62
S unfinished sections, $500 EACH. 1000 co
Masonry to be replaced. ........ 1900 90
Amounting to..-......... sc, 023 go
Reported saving by adopting steep
sr grades. .........l6,e eco 90
Showing the least estimated cost to be- 81 ,o25 81
To pay for which there is sub
scribed by Franklin county twenty
thousand dollars, from which deduct
p
cash paid to liquidste outstanding
debts due when the work was sus-
pended in 1852, amounting to two
thousand dollars, leaving only eigh-
teen thousand available subscription:
Estimated cost.......,.:...--s54,o23 6 t'z'
Total subscription in Franklin. 49,. $1,000 90
Making deficiency of.... .....S36,02S 81
This sum Of thirty-six thousand
dollars the President very modestly
asks you Of Lincoln'county to supply
as loan, in order that the work in
Franklin may be pushed to an early
completion, doubtless with entirely
patriotic andunsel6sh motives I said
as loan, and how to be repaid r.
Why, the State has granted to the W..
and A. r. r. Co, the sum Of thirty
thousand dollars for the purpose Of
building a bridge across the Boiling
Fork Of Elk river. 1t is proposed
n hon57 ax,or fboco i7bn - 10 ~ f~o.i