Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1870-05-29
THE RALEIGH SPRINGS RAILROAD
The Meeting Yesterday.


A large number of the people of the
country and city were convened yester-
day at Raleigh, the county's ancient capi-
tai, for the purpose of defining plans for
the construction of the Raleigh Springs
railway. The people of the ancient vii
lage manifest a keen interest in the mat
ter, which everyons VIII understand,
when we state that a citizen of the place,
two years ago, gave W. Il. Greenlaw ten
dollars per acre for an eld held 7 by
the village, which he has recently sold for
SIlO per acre. The erection of a magnih-
cent hotel, by the present proprietors of
the Springs, is agreed upon, and It only
remains TO give the people of this city a
cheap and speedy means of communities
ton with the place to insure the rapid
augmentation Of property values along
the whole line. Raleigh; it is believed,
will at once re-assert that importance
which It maintained when David Crock
EFT was the political. master of the
try.
The road proposed to be builtsvili be
completed and equipped al q cost of $780,
OO0. OF this sum about eighty thousand
dollars have been secured Chelsea pro-
poses TO become the site of sll Memphis
manufacturing establishments. Chelsea
would furnish mechanics cheap country
homes by making q wide area OF country
eheapIv accessible. Chelsea imagines that
Memoirs is toddling slowly and surely in
the direction of Fort Pickering, and
therefore this road is designed, which will
fasten the city. as with letters, to the hills
at Raleigh. Property-holders along the
route of the proposed road find that there
has beer little demand, for some years
past, for many broad acres that remain
desolate, unfenced, untitled. These land
holders, very wisely, have concluded That
a share of real property invested IN this
little railway, like that over which New
York city empties itself upon ConeyIsland
each Sunday, will add three or four-fold
to the value of barren fields which are
now only convertible into taxes. The
would secure lands and raise
BY mortgages. Alternate lots will
be sold, and it is believed that the differ
ence between cost and the selling price, as
the road progresses, will pay a large profit
to the company.
"wHAT WILL HE DO WITH Tr2"
The Raleigh Springs Hotel is to be a
magnificent establishment, and viii be
built whether the road is constructed or
not. 1t is planned with reference to the
entertainment OF such crowds as that
which Bob Grindrod would gather at
Humboldt Park, and will have all the
appliances that distinguish famed places
Of Eastern summer resort.
WHAT THE MEErING DID.
J.. ". Shepherd was President OF
the meeting yesterday, and G.. L.
Nichols, Secretary. Reports were made
by committees appointed at former
meetings, announcing the sums of money
subscriptions as above stated, and the fact
that ali needful legislation would be en-
acted at Nashville during b week. As
il was determined to build an i%ndepend-
ent line, the committee appointed to
confer with the Memphis and Ohio road
was discharged. Col. Babcock was cleo
ted President of the Company, f. 5. Da-
Wis Treasurer, and Mr.. Nichols Secre-
tary. The organization thus perfected,
Judge Swayne and DR.. Bateman were
instructed to secure a place for a meeting
in Chelsea next Saturday evening.
Speeches were made by Messrs. Donovan,
Douglass, Wallace, Kellar, Bruce and
others, and the meeting, full of confidence
in the success of the scheme, adjourned.