Nashville union and American. [volume] (Nashville, Tenn.) 1853-1862, 1859-08-10
Louisviile and Nashville Railroad.
From the Louisville Courier, Aug. 8.

from the LOUISVILLE courier, Aug. g.
We learn from the Hon. James Guthrie, Vice
President Of the Louisville and Nashville Railroad
Company, that the line Of road from Nashville to
Bowling Green is completed, and that on Friday
last passenger train came the entire line from
Nashville to Bowling Green. Mr.. Guthrie also in
forms that he hod fully expected by the first of
October, to have had the trans running through
from Louisville to Nashville, but, that the exces
siyely hot weather of last month has delayed the
completion OF the road q week or ten days He
now expects that, by the 18th of October, the line
will be completed and trains running regularly be
tween this and our sister State of Tennessee. He
also informs us that the company have raised the
prices Of their first mortgage bonds from seventy
FIVE to eighty cents on the dollar, al which price
the company are able to sell any amount of their
securities. They have sol1 over twelve hundred
thousand dollars CT their bonds, all of which have
been TAKEN and held al investments, by capitalists
in this city and vicinity. Mr. Guthrie also informs
us that during the next four months, the tunnel
at Muldrsugh's Hill be fully completed, so that
trains can pass through, and not over the hill
The road from Bowling Green to Memphis, in
connection with the Louisville and Nashville Rail-
road is expected to be Oished By the first Of Jsnu
airy, 1861, except the bridge over Tennessee river,
which will require two years TO complete il. The
graduation, masonry, and bridging of the forty
miles from Bowling Green to the Tennessee line, is
under contract, and is to be done for about three
hundred and twenty seven thousand dollars, one
hundred and fifty thousand dollars of which is pay
able as follows: Ten thousand dollars in stock in
the Memphis Branch road, and one hundred and
forty thousand dollars in Logan county bonds, a!
par and the residue, say one hundred and seventy
seven thousand dollars ia cash. The company have
one hundred aud sixty-thousand dollars in LHgau
county bonds, aud private subscriptions of ninety
thousand dollars, out Of which 10 raise the money,
and Mr. GUTHRIE informs us there is no diff Guilty
whatever in meeting the payments each mouth, as
the estim ltes are made. Logan county bonds sell
readily al seventy five cents on the dollar. Except
the delay in the completion Of the Tennessee river
bridge which, from the nature Of the work, is una
VOidable, we may safely calculate that the entire
line hence to Memphis will be in running condition
by January l, 1861.
Without intending any reflection on the financial
and business capacity of any other person connect
ed with the Nashville and Memphis and Louisville
Railway lines we deem it due TO Mr. Guthrie to cay
that the rapid completion Of these important public
works iS ia great measure, attributable to his in
domitable energy, perseverance, and financial and
business skill. Although occupying apparently q
subordinate position, he has, in fact, been the head
and front of the enterprise and but for the credit
which his name and abilities have given it, we do
not think the road could have been built within two
millions Of its actual cost, or within two years Of
the time which its actual construction will occupy.
He took hold Of this great enterprise in the spring
of 1857, when it had no credit at home or abroad,
and at once the work began to progress. 1t has
steadily gone under his guidance until the
long wished for end is now in sight. he has been
to the Louisville and Nashville Railroad what he
was in years past to the Frsnkford Road and prov
ed the saviour of both.