Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1871-11-08
MEMPHIS AND RALEIGH r. r.
The Election 6Rturdsy--What Is h
Question 10 be VSted Upon:

Editors AppeaE-At the last term Of the
county SQUIRT Of this county, an order was
passed, with but three dissenting votes,
directing b chairman OF the county
court, In the name of the county Of Shell
by, to indOrss the irst-mortgsge bonds Of
the Memphis and Raleigh railroad com.
psny tor $4,000, running for fifteen years,
and bearing interest a. the rate Of eight
per cent, TO be paid semi-snnuRly, on the
condition thst the entire road-bsd be first
Prepsred for the iron and rouing-stOck,
and every dollar for its construction be
paid by the company. With the proceeds
of those bonds, when sold, il IS proposed
TO buy the iron and rolling stock, that the
road may be put in running order by the
first of the spring OF 1872. 1t is further
expressly provided that those bonds give
other claims OF all other persons
whatsoever, on the iron and
rOlling-stOck bought with the bonds and
the entire road built by the individual
subscriptions amounting to about $4,000,
thus shordtng every guarantee that by no
possibility can the county sustain any
loss. Il will be seer by reading the order
70 be voted on in the APPEAL or Ava
lsnche, that the county will held q mort
gage on $4,000 more than the amount for
which the county is asked to indorse the
OF the company. It will further |
appear that this is neither g donation"
=" loan to the county F" nor subscription
to the stock Of the company" by the
for which a single dollar is TO be
assessed and collected from the taxpayer
IS has been said by some, either ignorsnt- |
~, or ~desigre3Iy. 1t is merely in
the bonds of the company
after the rOad-bed Is built and paid for bY
subscriptions, thus giving the
county q mortgage en- $4,000 worth Of
property TO secure the interest OF the
county against shy possible loss for her
.noorsement OF the bonds Of the company
Tor $4,000.
Is this road Of interest to the citizens of
hemphis2 Any person who will exam
the map will find that Raleigh is in q
iireet Line from Jackson to Memphis, and
rom Louisville to Memphis. Raleigh is
iesner than any other route in ccntem-
from either Jackson or Bolivar
through Louisville TO Memphis, and con
equently will certainly become 9 part of
be route from either Jackson or Bolivar
Memphis. It is useless here and now
D discuss the probabilities Of the building
ne or both Of those roads, or their bene-
Is 10 Memphis.
There is to-day q charter for the Bolivar
commissioner have been appoint
"a earnest, working men, with General 4
.eely ct the head OF the live, working sd- :
who have already nearly money
after but few days work. to grade.
9 and bridge their road from Bolivar to
e western line Of Fsyette. Those inde-
tlgaDle workers, unembarrassed by
lines or croakers, will pursue the
zen tenor Of their lsbOrs to q speedy con-
Of their plans 20 have direct
mmunication with Memphis, where I
.ey Wish 70 sell their so. 600 bales Of cot
70 our cotton merchants, and buy
cir dry goods, boots, shoes and groceries
om our splendid market. These sre the
dncements TO Memphians to favor the
-oIts OF those seeking our Memphis
Arkets. A TAXPAYER.