Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1871-03-24
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@N4NAHAANa -AFAN
Now, that is all I ask to. finish this road.
That is the reason why 1 say that we in
tend to build this road, whether you give
US aid or not. 1 ask you If &c is all right
that those people in the various counties
in Alabama and Mississippi should build
this road 70 you dOOrs-this road, which
will be of more benefit to you than to
thCm-while you sit with folded arms and
look IN. These people are all a producing
people. They buy everything they use.
] paid last year S240, 900 for freights for my
construction, alone. We will ship $780,
COO worth Of goods over his road in a
year, after il is completed. Can't Mem
phis supply these gOods2 Can't Memphis
furnish what they want? This road is
almost an airline from Kansas City to
Columbus. II is a direct route to the sea
from Kansas, Missouri, Arkansas, Mem
phis, North Mississippi and Alabama.
From here TO Selma, by the con-
trucuiOn of this road, you cut of
$50 miles; besides, you go direct
by one route, instead of by four,
as st present. You make the trip in
reasonable time. Now it takes the same
time TO 20 TO Selma by the four routes
and change, rs long as il takes to 60 four
teen hundred miles, to New York. BY
the construction Of this road we throw
into your lap the coal and iron and cotton
Of that vast region. Is that no beneft2
There are only a few men here who are
opposed TO this subscription. They are
nice men; they were industrious, and
saved money, or their father before
saved il for them, and put it in property;
they got land, and now, because thec city
is built uL, they are m~illiOnaires, and they
don't want any one else to get rich. /
When railroads raises their rents, thew
don't refuse 70 take it. When crowds of
people rush in here and enhance the
u-a h -- ]
rel. Speaking OF the common objection /
that railroad stock is not paying anything, |
that it is worth only a few cents on
the dollar, he reminded them of the de.
struction of the war; how the roads went
to ruin; the iron twisted round trees, and
the bridges all burned. he knew that
these things were done, for he helped to
do IL. After such disasters as those for
o or i've years. how can you eX-
pect to have a h%ourishing railroad
before the damage has had time to
be repaired? Big dividends viii come in
time. He referred 10 z number of roads
had recupersted so much during the
last four or Eve years that their stock was
worth three times as much as when
the war closed. He said he came TO Mem
phis in '34. He was bred to work hard 10
his way through. 1t was his inten-
ton to push this road through. 1t was
the first time he asked the people of Shell
by county for anything. He hoped they
would not refuse him. He asked them
for the sake of the people of Alabama, of
the people Of Mississippi, for your
sake aud the interest of the city. He said
he was hOarse in consequence of a cold
that he caught recently, bat would be
by Governor Harris, who would
90 more fully into the merits of the case.
He retired amid loud cheers.
Governor Harris said that he never
Forrest to be engaged In a project
that did not receive the entire support
and most unqualified Endorsement Jap
plausel. Wbag was Memphis in 1850 when
She made her first subscription tothe Mem
phis and Charleston X. r. Her population
was only 5000. The people now can
scarcely realize the fact that there were
5000 inhabitants in this city at that
time, with a taxable property of only
3 600, 600. Now, with a taxable property
Of eleven or twelve times that magnitude,
2 population of ten times the number,
q little subscription of $500, 900 for a road
no less valuable is grumbled at by some.
What would your city be now If that drst
and every subsequent subscription had
refused2 II would be a vii
a place of no commercial
Importance a town with nothing
but the name. The taxes would be less.
Of course. OF course a property-OWner
leo acres which would be worth ten
dollars would not have TO nav
IS much taxes Is he has to pay now, when
bis 100 acres are worth one hundred times
zen thousand dollars.
The Governor then went into the gen
sral merits of railroads, n the general
principles of increase in value of property
owing to railroads; increase that follows
almost a hxad law, and to which there Is
no exception; showing clearly that refus- (
ng TO subscribe for the construction of a (
is nothing more nor less
han consenting to lose 8 sheep for
, cents worth Of tar. He went {
to show that Shelby county
not even temporarily lose q cent Of
he money that was asked. 1t must be
in the county. 1t Is like taking it
one pocket and puttingit / n anOth-
sr. After the money shall have been laid 4
IN the county, after the benefits Of the !
increased stir in trade and business and :
ne benefits Of employment shall have s
leen realized, the county not expanding (
} cent-that Is, not sending away a cent I
her border-she has q railroad as
! sort OF clear gain. You viii have a
magnificent railroad stretching from d.
Kansas City to the sea at Brunswiek '
Georgia. The clear gain, the clear beudt
s so evident that IL needs no elueidation, A
The Governor then ave an account ofthe Z
aOdGLs .ODeTdndt Of issuing his $500 600 y
INSCRIPTION. It is to be issued in i've :
,early instalments in certificates; the '
hartman of the County Court issues his
100. 900 in certificates to the railroad con- Q
tructors, They pay these certificates to