Nashville union and American. [volume] (Nashville, Tenn.) 1868-1875, 1869-08-31
ARKANSAS.

The Little Rsck and Fort Smith Rail.
road Under Contract and to be Fin
ished In 1870. .. s...s- -....-i g
From the Memphis Appeal. Aug. Is.
At the close Of the war this company
found itself in disorganizsd condition
and without the means of proceeding
with the work. Il was reorganized, and
in the spring of 1867, Capt. j. FL. Haney,
the present efficient Secretary of the
company, as general agent proceeded to
New York, where, after many draw
backs and much trouble and annoyance,
he succeeded in bringing the matter be.
fore prominent railroad men, particu,
lsrly Of Mr.. w. P. Denckla, and enlisted
his and the cooperation of others in
securing the building of the road. Cant.
Haney made preliminary contract with
Mr.. d. w. G. Wheeler, of New York.
for the building of the road. Through
the influence of these gentlemen and a
few others, o definite result has been
reached MIR. Wheeler assigned his con.
tract to Mr.. Warren Fisher, Jr,, of Bos.
ton, who, rs contractor for the building Of
this road, has been represented in Little
Rock by Mr.. Josiah Caldwell, one of his
associates, and his attorney, Judge Hun.
tington, Of Boston. For the building
of the road, the company gives to these
parties all the rights, assets, and fran.
chises Of the road. The bonds and
stock issued by the company to the
contractors, are to be deposited with
the Union Trust Company of New
York and not to be thrown upon the
market until twelve months after the
completion Of the road. The bonds
issued by the State in aid of its con-
struction are not to be disposed of for
less than eighty cents on the dollar.
The first twenty miles Of the road
are to be finished during the present
year. Contracts have already been
made for mules, carts, wheelbarTcya.
and tools with a St. Louis house
These articles will arrive in Little
Rock in few days, when a force of
several hundred additional hands will
be placed on the first section of twenty
miles now being built. All the re.
naming portion Of the road is to be
completed within the year of 1870, and
an additional sixty miles will be put
under contract st once.
A bridge, combining railroad and COM
mon road for public use, is to be built
across the Arkansas river at Little Rock.
That city and Pulaski county each will
be asked to subscribe the sum of $780,
600 to the capital stock of the company,
giving county and city thirty year bonds,
interest at the rate of seven per cent. If
these corporations subscribe the amount
of stock asked, the bridge will be built
by the company at once, without further
delay.
The subscriptions of State, counties
and individuals are now less than $780,
600. Subscriptions will be asked of the
counties through which the road passes
of 100000 each, payable in thirty year
bonds, and not to be issued until the COM
pletion Of the road through said counties.
Mr.. Caldwell and Judge Huntington
have gone East to complete their are
rangements for pushing the road to COM
pletion at once; and the Little Rock
Gazette, from which we gather the above,
says there can be no doubt now but what
these new contractors will put the road
through at once.