Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1866-04-24
THE SOUTHERN RAILROAD.
lmporlanl ,.ee.Ing N clnelnna.l.

Important Meeting In CtnctnuntL.
from the Cincinnati Enquirer ofthe 2olh.I
One of the most important MEETINGS
tver held in Cincinnati was convened in
he Merchants Exchange last night.
The Chamber was well filed by the sub
stantial, or better known as the moneyed
linen of the city, and it was soon discern
lible that their business element was there,
for a purpose, namely; the fulfllment
of request that She city Of Cincinnati
subscribe 81 900, 600 % the great Southern
I iknoxvillel railroad TO insure its con-
structi0n and completion. The meeting
was organized by naming the following
I gentlemen as officers of the same;
President-Hon. W. S. Groesbeck.
/ Nice-Prcsideuts-M Messrs. LarZ Ander-
I Son, w. ii. Clement, II. c. Lord, :. 5.
I Hommedieu, Joseph Z. Butler and +.
I Heidelbach.
/ Secretary-Theo. Cook, Esq.
8ir. GrOesbeck, upon taking the chair
stated the object OF the meeting TO be
/ the receipt of a report in relation TO the
construction of the Southern railroad,
and 10 decide what is best TO be done.
He gave as his opinion that if this meet
ing failed TO give favorable account,
the subject may be considered to be in
definitely postponed. There may besome
who look to the city Of Cincinnati in her
official capacity TO do something, and IL
seems TO be the proper way that such
subscriptions should be obtained, but that
door is shut, and will not be opened, for
il is clearly prohibited by the law Of the
State, and all cities and counties are
prevented from making any such sub
scriptiOn.
He regarded this meeting Of considera-
ble Importance. The city Of Cincinnati
had no special or direct communication
with the South, and in fact II IS impossl-
bic 10 answer the demands Of the trade
without railroad communication. II lsuch
a connection is not made trade viii go IN
another direction. There are Northern
States and Southern States, and Ciucin-
natl has been named As belonging TO a
Northern State, when in fact she Is more
q Southern than a Northern city. ItWas
started and established by Southern
trade. It will not do 10 loiter in this
matter. The speaker then briefly alluded
10 the many benefits which would accrue
bv the construction Of this road 10 pro-
perty holders. and our citizens generally,
and bespoke for the enterprise a liberal
and generous reception.
The committee then made the follow
ing report:
In consideration of the Importance
and value to the city Of Cincinnati, and
tD our respective business and trade, the
early construction of a line of railroad
from the city of Lexington, Kentucky,
via Nicholasviile and Dauville to the
East Tennessee and Georgia railroad, at
Knoxville ana Chattanooga, or some in
termediate point, the undersigned, citi-
zens Of Cincinnati hereby agree to do
nate and pay 10 Larz Anderson, Miles
Greenwood John w. Ellis, William
Hooper and William Glenn, trustees, for
any party or company which may be
duly and legally authorized by the law
Of kentucky and Tennessee to construct
said road, the sum Of money set against
our respective names, TO aid in the con-
structiOn Of said road. said amount 10 |
be paid upon the completion of said road, |
so as to allow the passage Of the locono- I
tive and train Of ears over lis whole /
line.
The undersigned, subscribers, how /
ever, reserving the right each to sub /
scribe for an amount of the capital stock /
of said company equal to the sum hereby /
agreed TO be donated by him, provided, I
however, that if at the expiration OF /
twelve months from the lst day Of May, |
] S56, no company as above named shall /
agree to construct said road, or having I
50 agreed. shall therefore fail 10 comply 1
substantially with such undertaking, so /
that said road shall not be completed /
within five years OF the date aforesaid, /
then the suuscriptiOn TO be voidaJle, at 4
the option Of a majority in value Of The .
subscribers; aud, provided, also, that /
this donation and its benefits shall first .
be offered to any responsible parties in |
or its immediate vicinity,
who shall agree to organize a company ,
as aforesaid, ans said trustees are hereby /
10 act for Us, each and all, In .
awarding and assigning the same.
These subscriptions are not joint, but
several, and IN no event shall the liaDil-
itv Of a subscriber exceed the amount /
Of his subscription.
The next speaker was Hon. Stanley
Matthews, who commenced by saying
that he appeared before the meeting al
the request Of the committee who had
made the report. The subject Of a rail-
road connection with the South was not
a new one. Ii was urged thirty years
ago in the old Medical College halls by
the well known DR. Drake, who strongly
and streuuouslv favored the construction
of the Cincinnati and Charleston railroad,
and il was said at the time that his posi-
ton i'm relation To this Southern enter
prise untitled him for the chair in the
Medical College. At one lecture which
Or. Drake delivered, a strong Drake
party, knowing the public opposition 10
him in that respect, attended the lecture
and determined 10 put the doctor and
the railroad through at another time the
first illumination in Cincinnati was on
account Of the projected railroad through
TO Charleston.
Judge Matthews then spoke of the COM
mencemeut of railroads in America, and
the rapidity with which they extended
in every direction, from east to west ma
every State and county, and reaching
from Portland, Maine, 10 point five
hundred miles west of st. Louis. The
roads north Of the Ohio river and those
south Of the same were two great sys-
TENS, all running from east to west, He
then drew a beautiful picture Of the mu-
tual exchange in produce, fraternal
and bringing together once
happy but recently distracted people, 10y
the extension of these two systems. II
the word politics could be biOJted out,
and the business arts of peace, cultivation
of the SOIL building of roads, canals, etc,
changing commodities for their equiya-
lents, forgetting that there is g North
or South, East or West, or poll
ties, then would be seen the bene-
ficient results Of such constructions
as is proposed here tonight We all feel
the necessity Of this great work. VIII /
we doit? One thing only viii DO it, and
that Is money. Where would Cincinnati
be without her numerous railroads She /
would be a uameiess village. You are
asked To invest q million dollars IN this
great harvest, and you are promised a
rich harvest, with interest and principal
back. Ifyou desire 10 avoid 8 monetary
crash, initiate your business. Property
holders were advised 10 put S5l, 900 in the
Knoxville railroad. There is new
world open TO us-created for the first
time, and now open to emigration. II is
rich in mineral wealth, copper, etc, IS
unsurpassed as a grazing and agrieultu-
raj region, and enjoys the monopoly in
tho great sIaple-CUtt0n. If You don't /
build this raad, other interests will,
The speaker then pointed out The adj
vautagrs Cincinnati enjoyed over Louis
vile, ST. Louis and other cities in the /
construction Of this road.
The bQol. for subscriptions was then |
opened, and the following is the result:
e. Il. and Dayton Railroad Co.'S 5000
Dayton ab Michigan liairoad Co.. lleu /