Nashville union and American. [volume] (Nashville, Tenn.) 1853-1862, 1859-06-26

MATTER OF Interest TO EyER1 CITIZEN OF
EAsHvuLE.-The matter of obtaining cheap fuel
is one 10 which every citizen Of Nashville is inter
estee. II he has no more than to supply his house
hold wants the question is one of immediate inter-
est to him. for the extent Of his coal bill is reduced
each year, 10 that extent is be the more able to
cOmpish something for the convenience and com
fort of his family, or 10 add to the sources o.
wealth Ia manufacturing point of view, how
ever the subject arises into of commanding i'm
por'anes, because taat Is pivot upsn which the
prosperity Of the CITY itself tlrns. And here,
again, every citizen of Nashville is interested, for
ss manufacturing Establishments increase both in
number and their clpaeiIy to ext md their opera
tons, are the sources of wealth augmented. Here,
then, isa key 20 the discharge Of The heavy taxes
which We havs 10 pay, at least to great redue-
ton in their amoual. Let US increase our veal
by increasing our manufacturing est ,blishmen:s.
Bat to do this, We mast have cheap fuel When q
capitalist c1mes amoDg for the purpose of en-
gsgng ia any branch Of manufacturing in which
irOa largely his first inquiry as 10 the cost
Of fuel This, then, is the entering wedge to our
prosperity. IT. with the sapsriOri:y of iron and
the natural and artificial advantages we now enjoy
and are rapidly sugmenting heoap secure cheapfueI,
be win Oncs be Impressed with the importance
Of Nashville as manufacturing point, an | every
iDducement will thus be held out to him to embark
in business in cur midst.
These are facts which must strike every intelli-
gent mind lying at the foundation of the future
growth and prosperity of city To possess these
advantages, we must ourselves do some hing to Sc
cure them. There several sources from which
expect to receive cheap fuel and the greater the
number the more certain are we TO get it, for in
this, as in every department of trade, competition
brings down prices.
We have been led into these remarks by q CONVEX
--sStiOn we had yesterday with gentleman of this
city in regard to the project Of the Nashville and
ROWens Cosl Company to build u railroad from the
Cumberland river to their mines, in Clinton coun Y,
Kentucky, distance of eight miles, the cost of
which is estimlted st $50 600. With this road the
Company will be able TO delivlr in Nashville daily
from 800 600 to 1900 900 bushels Of coal during at
least nine months in the year. We have just had a
practical illustration of their ability to do this 50
far a. the river is concerned, f,;-boat having ar
rived here F.iiay night bringing one hundred and
fifty thousand feet OF lumber from the mills Of the
Company nelr the mines. This boat drew four feet
the bOstmen say they could have come down upon
two feet less wafer Tuis settles the question as to
the practicAblity of the Company to deliver coal
here upon a very low stage of water.
The road has t. be constructed and the Company
ask the aid of our citizens in building it-that is
they propose borrow the amount acessary for the
purpose upon the following conditions, which is a
copy of the subscription paper they will in short
time present to citizens:
WHEREAS, L. is necessary TO raise $50, 600. &C.
cordi0g to the report Of CGlef Engineer Anderson,
TO build and suitably eq1ip the Railroad from
the Cumberland River the Rowena Coal
Mines, capable of transporting II Nashville az
nually ! 600 600 bushels of coal, therefore, we,
We, the undersig ned agree to losn the Nashville and
RoEena Coal Company the amount annexed to our
for the purposes, and the conditions here
In after set forth. One fourth cash when the
amount of $50 600 shall be subscribed By good and
solvent men aud the said Coal company snail
cute mortgage the property set forth in this
article, the balance in such sums and at such times
a. NAV be required to procure a speedy constitute
zion Of the Road the am punt to bear interest from
4he date of payment TO the Company, the whole to
be scared to the subscribers By mortgage on the
Coal Mines, Lands and Road of the Coal Company,
for the payment Of the interest annually and the
principal in five years from the date Of said mort
gage The interest for the first year to be due and
T,ayable with the secondyear's interest Any per-
son being entitled TO interest by virtue Of loan
may receive the same in coal at 10 cents per bush
81 delivered at Nashville. The parties making the
loan may select an agent through whom all trans
actions shall be had with the Coal comp any, also
select their own Engineer at the expense of said
Coal Company. The said Coal Company is to have
no control of The fuuds so loaned except much
as may be required to pay the fee for negotiating
the loan.
To show that this proposition is extremely
reasonable on the part of the Company, we
may state that their coal area in the Short
Mountain is estimated at l 200 scres. 4" Accord
~~iuR 20 the ESTIMATES of Prof Owen and Stafford
in relation to the Henderson Mines" says the
Nsa,, Short Mountain land, at ten cents per bush
al for the coal, would produce $4,000 per acre
gross. Professors UWES and Stafford estimated Eve
per bushel for expense of carrying to market
from the Henderson miRes. That we may be doubly
sure Of calculating reasonably, put the cost of
brining the Rowens coal 10 market at eight cents
which would leave each mined out worth nett
$4,000 Then if The calculations of Professors
OwES and sanford to be relied on the Snort
% Mountain Coal Mines are worth, after paying to
carry their coal TO market $4,000, 0OO-a pretty
liberal mortgage to secure the triAing sum Of $50,
OOOl" =, This is certainly ample security, to say
notbiug of the improvements (ihe road equipments,
&c. and the timber upon the land
This a subject which cOmmends itself to the
thoughtful consideration of our citizens. Every
one of them is interested in the enterprise so far as
IL will effect reduction in the cost of fuel for maR
ufsoturiug or whatever purpose. Cheap fuel is the
great stimulus of manufacturing enterprise, and il
the growth and prosperity Of manufacturing estab
lishmeuts lies the wealth Of any community. Let u:
act the part which wise ami prudent policy diO
tate. and reap the advantages such policy mus
confer.
- DEcLExsIox OF Mr.. ST. CLAIR MORGAN. 1t will b
seen by the following card that Mr.. ST. CRAIE Nor
GAN 6uds it incompatible with his business engage