Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1868-11-29
THE MEssIssIPPI AND TEN
EEksEE RAILROAD.
Memorial 80 tiae Board of MAJ or
and Aldermen.

1@N .
stood that the same company who have
leased the Mississippi Gentral Railroad,
now propose, II they can PURCHASE the
stock OF the ely (S250, COO Ia the Missis
sippi and Tennessee Railroad, st its mar
ket valGs-obtAin right OF way In front
OF the town from q end 70 the other
that they will, with such aid IS they maj
be able 10 obtain on the line of the road,
finish the gap of 100 miles between
Memphis and Troy, and thereby make q
eontinGoas line from PaGucah, through
Memphis, to New Orleans. This Com
psny likewise demands, on the compile
ton Of this through line from Psducsh to
Memphis, that the city shall, as 8 bonus
to induce them to build the road, issue TO
them the bonds OF the city at ten, fifteen
aud twenty years, with SIX per cent eou-
pOns, for three hundred thousand dollars.
We are surprised to learn that this
proposition meets with opposition. We
respectfully request that the Mayor and
Aldermen of Memphis will aeeeda TO the
proposition as above stated, for the fol-
lowing reasons; .
Il Is we'll known to every nan Ia the
country that Indianapolis Is q railroad
center for numerous railways, radiating
in every direction from that city, con
Meeting with st. Louis, Chicago, and
every Northern city. These various
railway companies having perfected
their connections with tie East, the
West and the North, demand a coDuee
ton with the South. For the purpose OF
making tins connection, they have near
ly completed a railroad from Indianapo-
lis 10 Vincennea, and with all possible
energy q III push forward their road to
Pad1c=h, crossing the Ohio river at that
point with a bridge. This railroad from
Indianapolis To Paducah IL called for As
q great public necessity by the railway
companies and people OF the entire Ohio
valley. Knowing this, they will COM
plete the connection with Padueah with
energy. It may well be questioned
whether larger volume OF trade viii
concentrate cn any road in the country
than on this road FROM indianapolis 10
Psduoah, FOR il viii be the outlet for that
mighty valley with the South. Shall
we meet that trade In its coming, cause
it to pass through Memphis, or 60 around
US? is the question which addresses
itself To the corporate authorities Of
Memphis, and to every interest in the
city.
UEquestionsbiy, every eitizsn Of Mem
phi3 viii say, 50 with che voice: Let Us
AN - VIZ E1R AA1A1AALA AAVLA &LCLADAAd IL
Troy or Union City, and let us share fn
the trade and travel which that great
lhor0ughfare promises. To do this we
must build hat road or encourage and
aid others to do 1t. AS we sgs not able
to build that road, and as a company OF
capitalists, for q very small c0nsiders-
ton, propose to do so, by sl means do
what is asked OF us, and let them build il.
II We Undertake TO build it, IL Will cost
as three times nor than this company
asks Ct us. We shall be q long time en-
gagged at it, and when finished we shall
only control the short line from Memphis
to Union City. II they build it, they
sin control the entire line from Paducsh
Though Memphis to Canton. Short lines
of railroads are st the mercy OF long
lines and powerful combinations, and
cannot succeed. If this company con-
trols it they will be g controlling power,
and after expanding some six or eight
millions of dollars they will have the
strongest OF all incentiVes-snterest-tO
make il successful.
Il is said that come Of you object to
this company the stock Of the
Mississippi and Tennessee road.
The city Is not interested in holding
in that or any other read. They
may 6e used by tricksteTs to put unwoT-
thy men in power, and may seem to
give this or that man Office. The city
very wisely subscribed $3.50 COO TO aid in
the building Of that road. IL has an
sWered the object intended. The road
has beeG built, and il the city never gets
one cent for it, Dy the trade sud business
it has conferred on the city We have been
paid ive-fGld the value of that subscrip-
ti0n. II it will aid in building another
rOsd, which We much need and must
have, in the name OF common sense let
Is go. Ii We keep that stock we shall
never get 4 cent fer it. BY the last
report or that company, Ia the
shape Of fret ana second mortgage bonds
and floating deots, they 0Ws the sum of
s.. oil ,55Z, exceeding $4,000 p=r mile.
From he same report their net ~receipts
amount to sll6,S44 SO They cannot pay
interest on LIE bonds and floating
dent. IL requires &c prophet to foresee
hat the road, it's franchises and effects,
giii fall into the hands OF the bondnoId-
and that the stockholders must and
will lose their Investment. II this be SO,
you a afford to give it away, especial.
If By so doing you aid in building an
other road.
Ycu are asked for right OF way In the
rOnt and through the town. This is
light and should be granted. Memphis
to be 3 great cotton market. We
must have railroads TO bring products 10
,Gr town, and when here we must do the
business OF the country Is vel and as
as elsewhere. By allowing1ight
Il way near the river and through the
for al the railway companies, we
hail accomplish q doable object, facili-
Rte the transportation of passengers and
reights, facilitate the transactions Of
merchants, with their warehouses, cotton
presses or steamboats,, and at the same
ime sage the expenses insidsns to our
resent Eethod OF doing business. BY
this change the cotton brought
o the city esR be Sold. prepared and
ia tbs same day, up or down,
y railroads or steamboats,, without
!,
G"n ase asked to subscribe the bonds
( the city TO that company for $780, Geo
the completion of this through line
PaduGsh TO sew Orleans, as q bonus.
This is ell right. II this road contributes
0 build NJ the city, enlarge It's trade,
multiply the travellers, we should be will
ng to pay something for such great ben
his. The increased business which this
cad will bring Us the fret year, 1t is
viii pay more than i've fold the
,enus asked.
IL Ave years the revenues sTising from
onveying travellers and their baggage to
nd from hotels, saying nothing of all
Their larger matters, will more than re-
und the subsidy asked. The city OF
EenDhis and her trade has been in q
seat degree built up by constructing
silroads. We have subscribed in bonds
,bOut one million and a half OF dollars to
id in constructing the roads concentra-
upon Memphis. We commenced
his SYSTEM in 1919. We have five fold
nore trade, population and wealth than
We had then. The resources Of the city
re ave fold. Cur city has greatly pros
by railroads, aad We have been
,aid amply fcF our rs ilroad subscriptions,
whether We W get one cent tor cur
took or not. The smallest incidents IN
lie control the destinies Of individuals,
titles, States, empires. II we shall aid
o asked IN building the proposed read,
Es shall have pouring upon our city
ii ever invigorstiDg, ever increasing
ide Of travel, trade and prosperity.
We shall identity ourselves with the
-reas Northwest in business, In interest,
q social and commercial relations. Be-
ng identified with us by railroads and
interest, when the time comes they will
i've as . helping hand, politically sna