Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1869-09-23
THE APPEAL AND THE LITTLE
ROCK RAILROAD STOCK.

KOCh hAAA<RVRAS - = VO2A~
It is exceedingly hard for the editor Of
the appeal to see beyond the end of hi'
nose, which, in length, is of short ex'
tent. We would mot accuse our cotem'
porary of willfully rnisstating the bid Of
his friends, Mahon and Brinkley, in the
endeavor to assist them in purchasing the
Memphis and Little Rock railroad stock,
but must remark that be totally misun.
derstands the matter, as presented
ia the communication of these gen.
tlemen to the Board of Mayor and
Aldermen on day before yesterday.
What in heavens name has the $572, 900,
as spoken Of. got to do with the purchase
of the city's interest in the stock of the
road tits merely blow.hard PROPOSE
ton, that may or may not result in COM
plotting this much needed structure. We
will state, as an Offset to this, that Col.
Kellar's company will place in the hands
of the treasurer of the road 81 900, 900;
and what does it amount to after all
Then the editor of the Appeal mis-
states, most palpably, the PROPOSE
ton of Mahon and Brinkley, in say
ing that they proposed to forfeit the
stock in the hands of trustee, should
not the road be built as per contract.
Not word about placing the stock or
forfeit in the hands of trustee selected
by the city was said in the proposition
made by these gentlemen to the Board of
Mayor and Aldermen. 1t is only an ig-
nus fatuus of the editors brain, which of
late has been in a whirl. The object for
which these gentlemen are striving land
it is no new one) is to get possession OF
the stock of the road so as to control it
in the manner which suits them best; and
when, as they propose doing, they pay
one hundred thousand dollars for the
stock (not full price for it under the
circumstances) they will snap their
fingers at us, and complete the
road only when it furthers their pur-
poses. In such an event we would have
no means of forcing these gentry up to
their verbal promise of completing the
road 10 six months, or the time specified.
We would not, and neither will the
Board Of Mayor aud Aldermen, take the
word only of these men, for it is to be
presumed they will not comply unless it
suits them. As has been stated before,
the people of this city have had plenty
of promises made them about the build.
ing of this road that are broken and can
be picked up lying round loose like brick
bats in the streets. Then as to the time
specified for paying the 100000
within the ninety days proposed by
Col. Kellar--it is sufficient for all re-
qairemsnts. 1t is not this we are called
upon to reckon. but the security that the
road will be built as contracted for,
Mahon and Brinklsy offer no security that
they will build the road at all, but desire
very much to get the stock Ct the city in
their possession for personal considera-
tons.
We have been humbugged about this
matter long enough, and Mahon, Brink
ley and others will be compelled to give
way for the great interest Of our people
involved IN the completion of this road.
If KeIlar and his company get the stock
the road will doubtless be completed, or
they will be compelled to forfeit one
hundred thousand dollars to the city.