Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1870-06-14
A GRAND SCHEME FOR MEMPHIS.
Another Cotton State ersatss.--Memphls
A~ggraRdlzed.

Aggrahdized.
The Memphis and Yicksburg Railwa
Company, recently chartered by the Mi
sissippi Legislature, is that for the benef
Ofwhich a bill in both branches OF Congress
makes concessions Of public land, to th
extent of twenty thousand acres De
mile. Both bills emanated, it Is alleged
from the brain of Governor Alcorn.
The corporation, created by the Miss.s
sippi Legislature, is to be vested with ex
elusive authority to construct a railroa,
track, from the city of Vicksburg to tn
northern boundary of the State, in ID
county of DeSoto, in the direction O
the city of Memphis, passing on the mos
eligible ground east or west of Sunfiowe
river; east or west of Deer creek; east o
west of BOgue Pholia; in the direction
of Swan Lake, on or near the east hanE
Of the same; thence crossing the Yazo,
Pass at the most eligible place in the di
rection OF Noon Lake; along or arounC
the bank of said lake, to a point proper
for divergence, in the direction of Beaver
Dam Lake, in Tunica county; thence, By
way of said lake, or in the vicinity
thereof, in the direction of Mem.
phis, by way, or in the vicinity of Horn
Lake, toward the Mississippi boun.
Diary in the direction as aforesaid of Mem
phis, Tenn. The capital stock of the
company is to be five millions of dollars,
and TO be augmented to eight millions OF
dollars after the grading OF the road shall
have been completed, divided into shares
Of one hundred dollars each. The books
shall be kept open until at least one mil
lion dollars are subscribed.
Upon every subscription of stock there
is to be paid. at the time of subscribing,
the sum of fifty cents on each share sub
scribed. No more than five per cent. on
the capital stock subscribed shall be paid
or called for, until, in the opinion of the
President or Directors, or the President
and a majority of the Directors, a sufh-
cient amount of the capital stock has been
subscribed, with other means and credits
of the company, to construct the road;
and no payment other than the first shall
be demanded, until at least thirty days
notice of such demand shall have been
given in the public newspapers.
HOW To BE BUILT.
The company may receive subscriptions
to land anywhere in the State at valua-
ton. County Boards of Supervisors may
become stockholders and sell lands and
bonds, if this action be first sp-
proved by a two thirds popular vote in
their county. The company has the
10 consolidate with any other road
or company in OF out OF the State, and to
build branches.
The corporators are NJ. S. Alcorn, A. S.
John Jones, b. Harrington, j. L.
Alcorn, P. c. Legg, D. NJ. Chidress, Jas.
Peace, Peter B. StaTke, Charles Clark,
r. G. Simms, c. W. Clark, J. NJ. Man
J. F. Jsques, 7. ". Stringer, II. n.
Ballard, and J. w. Vance.
H WASHINGTON SCHEME.
MI LsnF -. .-..~,I a-l a,0aNNaI 49,
the eorporators before the general railroad
of the State went into operation. In
part the eOrporstors named in this act and
the bill pending in Congress are the
same, and it is the purpose of the three
,omuanies-that created by the Legisls-
of Mississippi, and that of Washing
and the company chartered by Ten
lessee-tO consolidate their
The bill which Mr.. Mckee presented in the
House, and Gen. Ames in the Senate,
.reates a corporation simply for the pur-
,ose of consolidating all these C bodies
ntO one richly endowed combination of
The Kansas City Railroad Com
now that a single corporation owns
aIlway lines from Memphis to New Or
cans, sought to have an independent
Quite along the river from Memphis
outh. q Therefore, the authority pro-
osed INTO be vested in this company
y Congress, by which this Kansas
road, connecting Memphis with
Union Pacific and thus with San
'rancisco, is proposed to be enriched by
he same scheme Of Federal benefcence.
land grant extends not only to the
pad from Memphis to Vicksburg, but TO
lat from Memphis to Kansas City.
AN ERROR CORRECTED.
The bill pending in Congress does not
,quire the levee and road bed to be iden-
cal, and the curvatures of the road, as
informed to those of the river, are to be
stermined by civil engineers. If they
,em it unsafe to run locomotives over
q Ievee, the road bed will be wholly diff
rent from that of the levee.
LILO COTTON ALE IN MEMPHIS.
New England is as jealous in
pport of this measure as Con- {
essmeu from Mississippi. New Eng
nd mill owners have interests identical
th those of cotton producers, and since !
. redemption of the lowlands from !
er1ow on the Mississippi shore will
mpel the construction OF perfect levees c
the Arkansas side, the crop of this por- L
IN of the valley will be more than :
Iadrupled, and within the decade, If the l
lima road makes the prairies of Missis- I
mi and Alabama accessible. a million
ton bales will be annually sold in Mem
is, and there must arise a propOrtionate )
for dry goods and groceries. i.
ADRIAN To BE REALIZED. :
we want is the concentration at a
smphis of such a perfect system of f
leading 10 the Southeast, and con- u
citing with the Atlantic and the Gulf, q
At all those great Western lines beyond
3 Mississippi, now hurrying on to the
cifc, will be forced to send branches TO c
The Kansas City road is an =
of the Union Pacific to Mem G
is, to Selma and the s%eacoast; and such
II be the aggregation of railroads from
Southeast at Memphis that each high
v to the western ocean, wherever its L
rting point, will send a branch road TO g
5 city. Therefore the present necessity
the perfection of our system of roads
the eastern side of the Mississippi; "
the importance of the Vicks-
rg and River road, and therefore the
eminent importance of the great line T.
ich Forrest builds between Memphis,
ma and Savannah.