Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1869-09-22

HHF sale OF the STOCK Ill lnS Iltlle
Rock Railroad owned by Memphis,
again agitates the public mind is
again the subject of debate, the topic
of conversation and the bone Of con-
tention between rival interests. Sew.
eral bids have been made for it, prin-
cipal among which is that of Mr..
BRNKLEY, President of the road,
through Capt. +. NJ. MAHAN, and
that of MIR. "A. J. KELIAR,
for the owners of the Fort
Smith and Little Rock Railroad,
who are said to be certain Boston cap.
italists largely Interested in promi-
nent railroad lines throughout the
Union. Mr.. BRINKLEY's offer, to our
mind, is the best of the two. 1t is
clear, explicit, fair, and such as in
sures, beyond any doubt, the compile
ton of the road that above all Others
is to contribute to the wealth and
growth of Memphis. He offers
one hundred thousand dollars in cash
for the stock, and to place in the treas
ury of the Company five hundred and
seventy-two thousand dollars 6s cash
for the completion of the road, and to
put it in running order within six
months from the date of purchase of
the stock from the city. Mr.. BRINK
LEY is an old citizen, has been iden-
tilted with Memphis since its VII
lage days, and has given much
of time, patience and money to-
ward the construction of this
road. That he has not succeeded in
his work sooner is owing not so much
to any inability personal to him, but
to circumstances beyond his control,
and that would have been stumbling
blocks to any man in the country
with no more means at his command
and under the peculiar circumstances
of the country. He is a man to
whom we owe some considera-
tion, not alone for himself, but
for the sake Of the extended
interests he represents in the offer Of
purchase he has made. lie represents
not alone the direct interests of his
road, but those of gentlemen who
hold twelve hundred thousand dollars
of the first mortgage bonds of the
road, and who are principal among
the owners of the direct route from
Norfolk to Memphis, which we hope
one of these days will be the
principal link in the great Southern
Pacific highway. Thus, in the inter-
ests of the stockholders, of the first
mortgage bond holders and Of the
great direct route to the Atlantic, Mr..
BRINKLEY is working. He Offers
cash down for the stock, and gives a
cash guarantee of five hundred and
seventy-two thousand dollars that the
road will be completed in six
months to the betterment Of Memphis
by more than half a million dollars.
Mr.. KELLAR's offer is not so good as
BRINKLEY's, inasmuch as payment
for the stock is to be completed only
after the expiration of ninety days,
and we are only promised the compile
ton of the road within six months.
Thus, to offset KELLAR's nine
ty days payment, we have
BRINKLEY's cash; and to Offset KEEL
LARS promise to complete the road
in six months we have BRNKLEY's
cash guarantee of $572, OO0-and addi-
tiOnal, we have this in support of
BRNKLEY, that he makes his cash
offer in the interest of his co-stock-
holders, in the interest of the first
mortgage bond holders, and of the
Norfolk through route; KEEL
LAR representing, doubtless, good
men, but those who are interested in
another line of road having, perhaps,
connections Numerically opposed to
those of Memphis. These are the
thoughts upon this subject that pre-
sent themselves to US hurriedly, and
which we desire to press upon the at
tentiOn of our citizens, upon the atten-
ton of the Finance Committee of the
Board, and upon the Board itself. We
are for Nh. BRINKLEY's offer, because
we think it is the best and is made in
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