Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1868-04-23

| but one chance OF advantage, anu 'nu' 10
that we may grow honest as we grew
Door, and shall reach perfection when
there is nothing to steal. The carpet
baggers will then depart and then in the
South will be an Elysium with the mig
gers and as. ---
Immig ration-Railroad Lease-Eto., Etc.
HOLLY SPRIses. MISS. April p, 1868
Matters appear to be a little more
lively and active here than i bad ex-
pected to find them, though ! confess
myself somewhat disappointed to find
that the immigration spirit is quiet, and
very little is said about it. talked with
several gentlemen on the subject, and
while all acknowledge its Importance,
there does not seem to be that activity
about it that the vast interest involved
would lead any one to expect or that is
demanded to promote the well being and
prosperity of the country. More inte-
rest was manifested in the subject at
Oxford; but | believe if there could be
a Legislature, and through that charter
obtained, the matter would be entered
into and pressed forward with more
earnestness and zeal to successful
contamination. / Noticed few wagon
loads of cotton coming in to-day, and as
the article now commands good price,
presume it will be hurried forward to
market and converted into money as
rapidly as it can be done.
There was quite large audience as
sembled at the depot this morning to hear
General West, on the proposition to lease
out the Mississippi Central railroad.
The assemblage consisted mostly of
stockholders and bondholders in the road,
General West addressed them for over an
hour and half, and explained fully the
proposition submitted for their consider
alton. 1t is substantially this: A COM
pany of wealthy capitalists in the North
have proposed to take the road for the
term of sixteen years, pay the floating
debt and all the bonded debt, except
about one hundred dhousand dollars
(which natures after the expiration of
the lease), and return the road to the
stockholders at the expiration of the
lease in as good condition as they re-
ceiyed it. The payment Of FIVE hundred
thousand dollars ct the signing of the
contract, and seven hundred thousand
within short time thereafter, is consid-
cred a sufficient guaranty Though the
parties who submit the proposition rep
resent eighteen millions), and whenever
the lessees violate the contract they for
felt it and all the money they may have
Maid. The stockholders continue their
organization, and the President and Di-
rectors must approve any permanent
improvement before it can be made
The scheme was fully explained by Gen
eral West, who, by the way, is one of the
best practical speakers | ever listened
to, and as far as j could judge, was well
received by the audience, and l believe,
met the appreciation of the stockholders.
Colonel Tate, of your city, followed
General West in few pertinent remarks,
upon being called out, but the space OF
newspaper letter will not admit of my
giving yeu in detail the remarks OF
either of the speakers.
The stockholders are TO meet at Water
Valley on the I'd proximo, to vote upon
the proposition, and if carried, we may
expect soon to see mopey in the country
/ will state, before closing, that Gen
West mentioned in the Course Of his re-
marks that he had received one or more
kilograms from Gen. Beauregard, inform
ing him that a committee Of the stock
holders of the New Orleans, Jackson anC
Great Northern railroad would be a
Water Valley on Friday next, for thu
purpose, as he supposed, OF conferrini
with him relative to the proposed lease
and, from the fact that leases seem to b
the financial policy Of our Southern rail
roads, it is generally supposed the objec
Of the conference is to effect sinila
} arrangement for the New Orleans, Jack
son and Great Northern railroad com
pany. Indeed, although at first oppose
! to the scheme, / am, after hearing To
facts and arguments presented BY Ger
West, fully convinced that Il is the vises
} policy under existing circumstances,
T not the only one that can be adopted
save the road to the stockholders an
) speedily restore the agricultural, cen
merciAI, mechanical. and all other IN
! dussriAl and material interests Of II
/ oosstry. The General very ingeniousl
= and forcibly argues also that the politics
= and social interests Of our State snd SCI
, don win Be subserved and promoted ;
ID - II 1871 nurrwfnr ont Z