Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1868-12-21
RAILROAD.
The Memphis, Holy Springs,
OkO! Oa2 and SeIM = Ratlr.Rd
Address 30 the People of Menu
PaEs, and These Living
Along she Route,
z eEn the President and Di-
rBCsGrs.

That the necessity which impels us tC
appeal to th city Of Memphis and to the
county Of Sleiby for subscriptions TO the
spitai stock Of this company may be ap'
precislsd, the following statement OF
facts il made:
HOW TO DOUBLE OUR WEALTH BY Ex-
PENDING TT
Pslpsbly enough, the South is POOR In
money, and rich ia b0undless resources.
The development OF these can slOn
make wealth abundant. Since our avail
able riches are very little, we must use
them the more wisely and husband them
the more jsslOusly. The North has cu.-
stripped ps il wealth and population to
the very extent that 1t has more railroads.
Our condition is such that Ve can build
ont few OF the "a any needed. In dster
mining which CT several proj jeOted lines
should first be constructed, II Dec0meg an
Important inquiry whether Northern in-
tsrests do not require the existence OF the
line OF road designated. Il the CONNER
ciai necessities of the North demand the
construction OF any possible road, how
ever costly, it will be built. The North is
rich ss We are poor, and more thorough
~ and justly tnan any people on the
globe, 60 cur Northern fellow country
men comprehend the ines:inabie value
# railway lines. There is no North
western State or city without interest In
the Memphis and Selma road but no
Northern emporium could afford to con-
st.uct q read from Selma to Memphis
and fT0m this city to NinoeDnes
or Louisville. II We build the
E-'ms line, there are three or
i.4s Northern cities which would COM
pcie al once for the vsst trade c0nc5n-
-rated at this point. s.. Louis would
hardy bs content with q raj way cDn-
neClIcB With Mobile, through C0lum bus
Ky, when IL might share il the trade OF
tHs richest districts Of two States by zap
ping the Selma road at Msno pnis, and
mus our iron Mountain Road would oe
s-i.-crsative. North western cities would
cUmpete With st Louis, and If no other
agencies were accessible the road from
Pad0cah would De dragged down fCOm
The 4 Jrthw 81 by the Tesistless attractive
force Of wealth neaped up in Memphis
and gathered from the E3al2hlegs region
between this city and Selma. II is our
true policy TO build all possible railroads
bat while our resources are limited, cur
whole strength of intellect and capital
should be directed to those lines which
will force NcTthe5Tl wealth TO build fer Us
other roads. Our resources, by such q
policy employ ei in using them, are prac
tically doubled. When We have tuilt
the road TO Selma, Ws May rest assured,
in the very act, that we have flushed
two reads from Memphis to Northern
and Western cities. The necessity for
roads leading towards the North is not
lsssened bg Taots suggested. The state
Dsnt made Affects only the meds aud
3 Il
from their vaiue or Importance,
or fan to promote the ends Of their de.
the cheapest, wlssst, and
speediest mode If securing Northern, is
10 peFa5t = system OF Southern roads
cOnvergiDg &c Memphis,
COST OF THE SELMA Road.
A sts;isiiola ., who has taken the pains
to examine the census reports of 1850 and
ioqure into the resources Of the several
eouatits penetrated by the Selma road, !
tells IS that ii VIII bring TO this city, the
irst year after Its completion, twenty
miIlions Of trade, to be increased iB value
sverp yesr with constantly augmented
Iensl Y OF population. Ten per cent
would 6e a moderate eysction to be levied |
by trsdesmen upon this twenty millions |
Jf cotton, cora, fruits, potatoes, lumber, |
and coal. Two counties in Mississippi, |
L0WnGes sEd Monroe penetrated by the |
iue OF this rdad, in 1860, produced ninety |
sight thousand cotton bales. Probably !
,wo hundred thousand, certainly one |
ouodred and fifty Thousand bales, will |
be brought snnuaiiy 20 this market by |
.his road as soon as completed, and the |
aumber will be increased with the con |
.tantly increased density OF population. !
" - los faf IN Il H.
ars ia this city, and thus, from the influx |
)f cotton alone Memphis will gain |
annually $3.50, 600. Marshall county, !
Mississippi, produced 5000 bales; La
Tsystte, 10 GOO; Pont0toe, i5003, Cal |
h0un, 1909; Yallatusba, rs, 900 fippah, !
5000 ChicksslT, 5000; TO which add the |
products of Lowndes and Monroe cOun- |
LES and We have De, ,0G0 bales, all of /
which were forwarded To Mobile or New /
Orleans. OF 10 600 bales brought TO /
Holly Springs, only 2000 came TO Mem
ohis. phe reason is that the road which /
passes Holly Springs leads away from 1
Ibis city and cotton coming from that |
point to this must be transferred from I
lne road 70 another. With direct and |
hourly communication with Holly /
springs, the twc points are placed prac-
icslIy side by side, and the smaller inte. |
.ior town becomes delightful suburb of |
he large and prosperous city.
WHAT MEMPHIS GAINS.
IN view Of these plain facts and Of the
-spid Increase Of production to follow in-
creased dsnsity Of population, the aug
"a nentafion Of real estate values ia Mena-
lhis would be represented by greater
,um in figures than the whole cost 0fthe
'oad 10 Selma. Z sch railroad built has
i0ubied the assessed value of Memphis
wealth, aud therefore it Is true that rail-
'oads have cost this city nothing.