Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1859-09-14

those conditions without which inc ROAD eouia
never have been buit.
Memphis hss already paid in hand cash.
wrurr from The hard earniags Of her tax pay
ne citizens. as interest on those bonds about
one hundred and ninety thousand dollars, for
which she never can get any remuneration
except such a. may be incidentally derived
from ths uses Of the road. she has parted
with her interest in the stock OF The company
forever. though legally bound (as am IN
founsd) for the payment Of The interest ana
bonds: provided, the same should not be PAID
bv The individuals to whom the transfer was
made. This company having attainei q de-
-ree Of prosperity in business, which shows =
net profit Of over twelve per cent Per aEhuw'
on he whole cost OF the road, is now claiming
AZ Inc hands OF the city Of Memphis, the sb-
rotation OF the condition on which she gave
tbem the aid that she aid, on the ground (tor-
so,fbo thas there Is too much drayage charged
On a,eir through freight; that the right Of way
-bro.uh and over Our streets must be given to
De eompany IN order 10 compete with other
-osss. that pass through places Of transhiP
neut thai dou't charge anything for lis transit
Wen, this may Re regarded as a very modest
iemanl by some.
But we are wisely Informed BY a certain let
er going the rounds o. the press, that 4 We
he rs5pls Of Memphis, Do not choose to open
our streets TO thelr wishes. lhat, though the
s5msasv has not the right to open a branch to
Fsr Pickering. vet private Individuals viii do
that thing a. their ~ expense, and the infer
.nc.i il 10 nv iaina that It is held that that may
b. done BIZ eonnivance, and viii Be done, that
cannot BE- done furry and openly, on account
of tbe restrictions imposed by the compact be-
tween the railroad company and Memphis.
BIT Idenv the legal aud equitable right or
Dawsr under this compact 20 90 to the river,
either BIZ connivance or otherwise, 90 long a.
itmav be opposed BY a respectable portion Of
fhe TAX payers OF Memphis, from whose hard
~.s-rins- has been wru-g the hundred and
instv thousand dollars which they have paid
as interest on these bonds. The proposition
now before ihe people Is 10 vote on he ques-
ton 70 run the road along and near the Bayou
Garoso. without any restrict ions being made in
ldyanco Of their vote,-bsnee they may run
by D power. ether horse or steam, Tat they
nav select. with or withou; Iightsf or without
living bonds FOR dsmasrs sustained by The city
Of individuals these matters being left as de-
ais, 70 be settled b the railroad company and
he Board Of Aldermen.
And this IS not ths worst Feature, but the line
Of this extension must mass over one or more
y the m7st important streets OF the city, for
which right we are offered no remuneration.
Oas whole Ward VIII thus Be Gu. of from the
balance OF the city by the line Of this road,
wi5aout any hope Of redress for the damages
hey may sustain
But, laying aside al this, il Is a wonder that
the Company should desire to make the exten-
son indicated, If they have no object in view
other than DE cheap and easy transportation
afsach through freight as they claim TO want 10
carry at present as il would evidently be
cheaper 10 The Company to have one stree;
paved with The best o. square stone from The
iepat 10 the river, than 10 incur the sSpsnssO Of
extending this road as proposed. That done,
snd more aIan ten cents per bale on cotton,
snd a Ike proportion on cher freight, would
nuer be heard Of.
BIT IL Il is really designed TO get up a nam
moth monopoly between The Railroad Company
and steamboat packet lines, to engrcss the
traGsdae 10 Memphis ard her merchants, why,
theu, It should BE- regarded with the greater
aisirisi, and treated accordingly. At all
events. Il would be well for the voters to pom
der well what they are doing, before they grant
this Railroad Company 50 monstrOus a power
as that they are asking. MEMPHIS.