The eastern clarion. [volume] (Paulding, Miss.) 1837-1863, 1859-05-04
Mobile and Ohio Railroad.

road is To- pass and wlSrh is To Doe chiefly
benefited by is extension. Mobile has
gone IT, last dollar, and the aid She ha.
given to the road. is. we have no doubt.
greater than any other city Of equal popu-
lation aud wealth ever gave to public
work. IL was through her assistance. to-
gcther with the strenuous excrtions ofthe
company in obtaining credit abroad. that
the iron was procured. and now the coun-
try is called upon 10 come forward and
furnish the comparatively small amount
Of means necessary to lay thetruck. GOV.
BRowN. President Of the company, has
been along the line Of the road between
West Point and Olalona, appealing 10 the
people for the required assistance. and we
regret 10 learn with very indifferent sue
cess. Are We to infer from this that they
are Indifferent 10 the extension Of the
road. and insensible to the advantages il
will confer upon theml Il is simply for
them to say whether they will have the
road or not. and we have too much conf
dence in their intelligence TO suppose that
they will adhere to what appears now to
be their intention, 81 refusing TO supply
the necessary means, which they are SO
abundantly able % do. Il would bc no
sacrifice TO 80 wealthy country, indeed,
would scarcely he felt. and even We're they
to girt il tothc company, they would make
money by the operation.
We have said that the company Is just
now greatly pressed for means. In their
anxiety to push the road forward. they
have contracted liabilities which it keeps
them pressed TO meet, and they have thus
been forced to postpone payment to con-
tractors. and to many from whom they
have purchased supplies necessary TO the
running Of the road. Many Of these
claims we understand are being put in nit,
and promise no small degree Of yexltion
and annoyance to the President and Di-
rectors. if not permanent injury to the
road. This il certainly a mistaken policy
on the part Of the creditors. They ought
10 know that they cannot get their money
until the company is able to pay it, and
that they ,rW get il as soon rs that ability
exists. OF this. the high character Of the
gentlemen charged with its direction is a
sufficient guaranty. The company offers
10 pay what il can i'm cash. on this class Of
claims, and To execute its bonds, bearing
interest for the balance These bonds,
being for small amounts, and having but
q short time to run. could, undoubtedly
be readily converted into cash. at a very
small discount-littlc. il any more, per.
haps. than the interest they viii draw. Ii
does seem to US, therefore, that the pro.
position Of the company ought to be ac-
| copied. The creditors will find their own
interest in such course-it !. obtaining
the certainty Of an ultimate payment OF
their claims, in place of the uncertainty. %.
collecting them by legal process Person.
who credit such companies for work and
| supplies. do 81 more from q knowledge o
their resources, and the prudence Of their
management. than from any expectation
of being able % force collections out o
them by law; and where. a. in this case
every disposition cxiststoapply the mean.
Of the company 10 the payment Of it, Oh
legations in the best manner possible, an,
where a proposition cmbodying the bcs
they can do has been made. IL is folly or
the part Of the creditors to institute suit
which, while they will not expedite th.
collection Of their claims. must prove
great annoyance and injury 10 the com
pany. n these suits were intended 10 cs
tablish disputed rights. IL were vel
enough but as mere mean. Of collect
ing claims acknowledged by the company
they are. a. we have just shown. impoliti,
and useless.
| We regret also To perceive, that the
failure of the company to meet promptly
the class OF claims 10 which we allude. d
creating a good deal Of prejudice arains
Il, along the line Of the road. This is al
wrong. II the Directory possessed th,
means, and then withheld payment, they
would be Justly liable 20 all the ccnsur,
that could be- hcaped upon them. Bu
this j. not the case. And how the pcopl,
of the country can 80 Car forget the bone
fits which this great work has confcrre,
upon them rs to suffer themselves to en-
terrain any thing like hostile feelings to
wardsit, Is tous very astonishing. Befor,
Il was built, this whole Fast Mississippi
country was comparatively valueless 20
the want Of an outlet to markct-land
were worth almost nothing, and nobody
thought Of emitrating thither. Tn,
change that has taken place in the wealth
population and general prosperity Of tn,
country tributary to the road as Far as ia,
work Ia. already extended, is seen anC
known to every one. Instead, therefore
Of regarding it with any narrow prejudice
we should all bid it God-speed, and b,
willing 10 make any reasonable sacrifc'
to promote it, interests and usefulness
and push IL on 10 completion.
| The hundred miles Of unfinished roa,
in Mississippi is all that now presents an!
difficulty in the completion Of the Who'll,
line. from Mobile 70 the Ohio. After j
passes out Of our State, the means ar,
abundant to complete the work all thro
Tennessee and Kentucky. viii TIA
people Of this State suffer il to be delay
ed within their limits? We cannot thinl
they WILL II means sufficient are onl,
supplied 30 lay the track to Okolona il
time for takingoffthe growing crop. it vii
cause such an increased amount of busi
ness 10 the road the next season, as to re
plcnish the resources of the company, re
lieve it, embarrassments and enable IL &
press the work on between OlSolona an,
Corinth. Il does seem TO us that ever,
consideration Of public and private inter
est ought to induce the wealthy count-
above the present terminus to show a b,
coming liberality in the existing emer
gcncy.