Cairo evening times. [volume] (Cairo, Ill.) 1865-1866, 1865-11-12

over, and he had full confidence in being able
to enlist their sympatllids in the work Mr..
L. was with these capitalists during their tour
! in this country. l saw him two weeks since,
when he told me the thing was all right, and
that the capitalists favored tie enterprise.
| These capitalists are possessed of d hundred
millions of money, which they design expend-
ing in this country. Mr.. L. told me he
entertained not the shadow Of a doubt that they
would enlist in the construction of the Road.
| They are largely interested in the Atlantic and
Great Western R. R., O. L NJ. r. R., and
Erie R. r. This Road would be an extension
to the O. & NJ R. r. ] have no doubt but
| Mr.. Larned has made arrangements with those
| capitalists to resume work on the Road at an
! early day next spring. If they undertake it
and 10, 900 men can be procured and worked
| to advantage on the Road they will be put on,
as it is Mr.. a. s intention to push it as fast
money can do it. Mr.. L. is the financial agen t
Of these capitalists. A majority Of the direc-
tors Of the |. S. r. r. reside in Illinois. Mr.
L. has some 5000, stock in the Road. and
he will expect the people along the line to sub.
scribe, not in order to raise the money to build
| the R. R., but to secure their friendship there
for The last time I Mr.. L. he told me the
parties Of the O. s. M. r. R. were importuning
him to take hold Of the l. S. r. r. andibuild it.
Some of you are interested as to where the
southern terminus will be. live in Illinois,
and desire the terminus Of the Road to be in
this State. I want it to pass through Mound
City and terminate here. Neither Mound City
nor Cairo shall be ignored if can help it. I
expect to live to see the day when Cairo and
Mound City will be one. l expect to see the
day when half a million of citizens will swarm
in this city. Thinking men everywhere begin
to see that great city will grow up here.
When in New York city last, l met an intelli-
gent, disnterested gentleman, who told me
that he was well satisfied that in ten years there
| believe that when corps of engineers
again go upon the Road to fix the ter
mini, Cairo will be fixed upon as
the Southern terminus, and further believe
that it viii be in running order in twenty six
months from this day. While the foreign cap
will expect the citizens along its route to sub
scribe toward the capital stock It is the pol
Icy of men who invest largely in iron thorough
fares to have the people kindly disposed to-
ward, and identified with, them. They will
therefore ask the people along the line to sub
scribe literally, as counties or towns. They
will take lands or mortgages, collecting the in
terests as they accrue, and the principal re-
deemable when the Road is completed through
the respective towns or counties subscribinr
and the trains running If they build tie
Road they viii seek TO control,it 1t is natural
they should They will own it; but they will
desire to make the termini of the Road at
points promising the largest amount OF busi
when they canvass the matter thew
VIII build it from here. Il is in contemplation
to build y branch Road to Paducail. for the |
reason that that city is IN rail communication |
with New Orleans. Let them build it, 50 long |
as we get this Road. If you can in:lu the |
NJ. y o. r. r, to complete their line to tie |
ONO RIVER near Cairo, then you can rest con. |
tent Let the branch to Paducah be an after |
consideration. 1t will not cost us anything
nor inIure There is now fifty miles of the |
Road ready for the ties, with cufvcrts built and
ties delivered. and all paid for There has !
already been 800, coo in money expended on |
the Road All Of which has been paid EXCEPT i
about So, 900.
The following question was then asked Mr.
Bell by DR. Tasgart: -ht--z.
~ w ,.,51 r rez 70 the stanton s ,ss
considered the preferred s.,..5.a,"z,--,are, nt
If SO the bonds are HSi is ".s- If the RoadS
'ormed Dict Daymes&' sltss 1och Vi tiie 1'oao'
!. n - !..g people wi. goo', anu AN IN
ses thess r~sf .shens, :lt will yet be demanded
t,yit hStan no hat Tan
and the Stanto4s; and if this is the fact, can
not that be considered a cause for the exceed
ing low value Of the bonds Of the |. S. r. r.
in the city of New York
Mr.. Bell responded, by saying that Mr..
Larned held all the bonds except about S25,-
OOO That if these were taken up there would
be no floating debt against the Company, and
that So, 900, 600 would only be required to get
the Road ready for the iron.
Gen Raum then addressed the meeting. He
said he differed some with Mr.. Bell. Mr. B.
had stated that the people along the line of the
ROAD were too poor to build it, hence we would
be dependent upon foreign capitalsts-that if
The people from Nincennes to Cairo were sold
out, enough money could not be realized to
build it. Why, Cairo could build it alone
500, 900 will put SO miles Of it in condition to
receive the iron, and then we could go East
and get the iron. Just get the iron horse on
the track, and let him give one snort, and the
trouble ia over and the completion of tie road
sure l will be one Of $50 who will agree to
raise half million of dollars to put the road
on its legs Then ace will be able to control it.
The road m ust terminate here | will. be con-
tent with nothing less. l will not put my neck
down and allow foreign apitalsts to chop it
off, and locate the terminus of the road, say at
Brooklyn. We can build the road and have it
terminate here. Let us be in earnest and do
it, Suppose five hundred men put in $500
piece and lose it. If the road is built it
would be a good investment? l think from
what Mr.. Bell has told us, that the condition
of the road is healthy. Why, there are one
hund rod mon ia Cairo, either of whom could
give check to liquidate the outstanding in
debtedness. Let lis give Individual subscrip-
lions which in the market will be worth one
hundred certs on the dollar. | am willing
and lots Of farmers and millers will
come up and subscribe. If you depend on
county subscriptions the bare footed Democ-
racy Abolitionisls or Republicans will appear
and perhaps Illustrate it. But if you appeal to
chem Individually they will subscribe rather
than be taxed.
Hon. A J. kuykendall was then called upon
and made very few remarks.
James Hackney, ESD, thea moved that a
committee be appointed to confer, in commune
ton with the President Of the Board. with Mr.