The Evansville journal. [volume] (Evansville, Ind.) 1866-1870, 1869-11-03

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fifteen years, and has never earned
more money than would pay interest
on half its cost. Yet, it seems that
the Doctor and his friends, stimulat-
ed by the success of these two roads,
propose to construct another North /
and South Road between them, from
the Ohio River to the Lakes-a road |
which cannot, at present values, cost
much less per mile than both the !
other non-paying roads put together
with the confident expectation that
it viii handsomely repay the capital
invested in it. 6T
If, indeed, capital from abroad
can be induced to build the road, with
such donations as the people along
the line can. we'll afford to give, we
shall rejoice to see the work done. But
with the experience of the past guiding
our j1dgment-Dr. PIERCE's faith to
the contrary notwithstanding we
think this is precisely what foreign
capital viii not do. There are many
finished grades, Of long reach which
do not command the credit to buy the
rails and rolling stock required to
complete the roads, a fact DIR. PIERCE
cannot be ignorant Of While We do
not counsel our friends in the country
against subscribing to such Railroad
I schemes, We do advise them, BY all
1 means, not to pay their money. or give
| for it any legal obligation payable be-
fore they get the road. .aaoh
/ If this were merely new road
from the coal fields Of Indiana to Chi
cago, and the only one building at
this time between those two points,
/ there might be some reasonable pros
| pect that the capital could be had to
build it, and that when completed it
J would pay fair dividends on the capt.
tai. But there is. as we are assured,
another road being rapidly constructed
on the shortest and most level route
from the Indiana coal fields to Chi
cago. We cannot think that the cap
Ital required to finish and equip two
new North and South Roads into Chi
cago- can be commanded just now. e
! But DR.. PIERoE's road is to connect
Chicago with Nashville, Tennessee
, crossing the Ohio River at Owens.
boro. Kentucky, and running through
Russellville, thence to Nashville
Russellville is a losal point on the
h Memphis branch of the Louisville
and Nashville Railroads, and stu
), ated between the Louisville anC
g Nashville, and the Evansville
d Henderson and Nashville Roads
s That Southern reach Of the E., III.
h N. r. r. line cost the State of Ten
:, nessee and tho counties Of Davidson
r. and Robertson one million and hal
% Of dollars, for less than fifty miles o
r. road, at low prices. Nothing can b
81 got to build a third road il Tennes
: see between the other two. If DI
y PIERCE does not know this fact, W
: do. So, this proposed new North an,
e South Road, if it should get to Rus
q sellville, which is barely possible
e would stop there-terminate at wa
Q station of two thousand inhabitants
d on the Memphis branch of the L.
se n. r. R.--e lame conclusion for
4 great through line.
r We have been induced to max
1t these hasty criticisms on the projec
e of Dr. PIERCE from reading hi
d lengthy reply to our brief notice {
F his proposed North and South Roa
in previous number of the jour
3 NAL. If the facts which we hav
y given are substantially correct,
L which we are certain, then is D.
'r PIERoE's proposed enterprise ez
le tremely vulnerable. IT,. however, h
It project be a sound and safe one,
e will bear criticism. If our objection
q are satisfactorily met and answers
Z, and we find our present impression
L to be wrong, We shall be glad to COZ
ID fess our errors as publicly as We hay
&c committed them. e b