Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1869-01-20
THE RING
The Mississippi BDd Tennessee
Railroad 10 ne Transferred
20 the Southern Assoc
e alton.
Memphis Sold Out and tise Mem
phis and Ohio Railroad
TO DC Ruined.
The Railroad Ring 0H the War
Path After stocks.

NASHVILLE, January II, 1859.
Editors Memphis Appeal:
Nothing like going away from home
to get the news. L have just heard from
a reliable friend, that at the recent meet
ing of the Directors Of the Mississippi and
Tennessee Raiirosd, it was determined,
only one true patriotic man ohjecting,
thai this road be leased to the Southern
Railroad Association, we'll known as the
lessees OF the Mississippi Central Roll
road. Owing to the persistent appeals
of the one true man, the consummstion
OF this last effort OF the ring remains in
Stdtu quo for q few days, or until 1t can
be ascsrtAined If the press and public of
Memphis, where much of the stock is
held, are 10 fRvOr Of or opposed to it.
, The offset of this lease Is no doubt
to prevent the Memphis end Ohio
from awaiting herself OF the only ave-
nue. now open by which the freight and
travel of that road can find an outiet tO
NeWOriesnsa and the farSouth. The less es
OF the Mississippi Central having failed
in their purpose OF taking pcssEs sion Of
all the Memphis Railroads, have deter
mined to ruin her prospects, in so lar as
they can, by compelling ell travel South
TO take the Charleston or the Mississippi
Central from Jackson, rendering The
OlAD AHB6A ASGAGG1 AGlNAAIA INV AAAL
Humboldt. For ten years, if not for
ever, Memphis will be deprived Of all
/ advantages that might be derived from
through travel and reight over the lower
end Of the Memphis and OHIO Railroad
from that point, entailing very heavy
loss on all the stockholders. II is
well known that the Memphis
and Ohio Railroad has long been
desiring q connection with the Missis-
sippi ard Tennessee Railroad Company
at Memphis, 30 that when cars were
loaded ut Louisville with New Orleans
ireights, hey might run through to
Memphis and theirs be transferred TO the
track of that road. Such an arrange
ment would long since have given Mem
phis this immensely profitable trade,
and the Mississippi and Tennessee road
would have becume very productive but
No /! says the Southern Raillosd AssO-
citation lIississippi Central l~essses) {:
Your roads shall not are this trdde
We WiH for ten gears close your Southern
outlet, and compel this trade TO pass
dorm OUeT the Mississippi Central, HOW
the property Of NttU YORK. capitalists.
Now, Messrs. Editors, l don't thigk
the B3aId of Directors have any
legal, certainly no moral right,
to sell out or lease beyond their
term Of ofiice-Or at all-the
property OF the stockholders OF
this railroad, and l for one enter a
protest against il, and hope that every
citizen of Memphis who is not III the
ring will be aroused to the necessity
Of instant action and a determination
to defeat the impUdent c0TmOrants.
Tie Finance Committee of the
Bosrd of Aldermen should see to it at
once that the interest of Memphis,
amounting, 1 bsIieve, to one fourth the
stock II the road is protected. This ed
vsrsaTy must be- fought in the courts ami
out, and by every available means, until
they are compelled to give way before
the geHerai interest anu effort Uf the
people. An Injunction must at once be
sued out, restraining this Board Of Direct
ors anu such other steps be taken rs will
save the city of Memphis from threat
sned rain. We must be up anu doing.
II these men are permitted TO have their
way cur city will De ru!nsd irretrievably.
They are fighting for money, and would
ruin everything aid every bcdy that
stand in their way. Speak 10 the people,
MessIs. Editors, and tell them what you
think OF lhis latest effort Of the wicked
and persistent ring"
Yours. RAILROAD.