The Columbia herald. [volume] (Columbia, Tenn.) 1850-1873, 1871-04-28

In our last issue, VIC directed attcn-
ton to the inconsiderate action of the
Board of Trade, and City Cou&cil of
Nashville, relative to the opposed
lease of the Nashville and Decatur
Rail Road Company. Wcare now
pleased to note a highly gratifying
change in the tone and tcmp~ of the
resolutions passed and speeches made
by those bodies. They seem to realize at
last, the true nature of the situation,
and are beginning TO regard the pro-
posed lease in the light of business
transaction of no ordinary magnitude,
one which cannot be affected by the
customary resolutions but to control
which capital, monies, will be requir-
cd. le =
While the Stockholders of the
Nashville and Decatur Rail Road here
abouts do not share in the apprchen-
sionsfclt and cxprcssedby the business
men of Nashville, as to the incalcula-
bic damage that will result to their
city from the proposed lease, and while
they without hesitation give their I'M
qualified approval to the terms of the
lease as agreed upon by the officers OF
both roads; sustaining, as it docs, the
high character of the contracting par
ties, securing to the stockholders in
the Nashville and Decatur Rail Road
all that they could reasonably ask, and
guarding sedulOusly every interest
of Tennessee, and Nashville specially,
yet "othcr things being equal" they
prefer that Nashville Capitalists
should secure control of the road,
and run it i'm the interest of that city.
II is to be confessed, however, that
they have but little confidence in
Nashville property holders proving
themselves equal to the exigency. .
The appointment by Mayor Nor
R1s, of Nashville men, to go along the
line of the road to influencc-by hon
led words-the Stockholders to defeat
the lease, will, we apprehend prove
loves labor lost. Country people are
ever ready in matters of taste and ell
egance, to defer to city gentlemen,
but they have yet to be taught that
all wisdom rests with them, and when
they die wisdom will die with them,
and will be found very slow to yield
to their dictations in matter of dol
lars and cents.
If the property holders of Nash
willie really desire to relieve them
selves from the dilemma in which they
arc placed, the way is plain and the
means within their reach. Millions
of capital in the shape of U. S. Bonds
arc now deposited in the vaults OF
their Banks (Which so far as advan-
cling the prospect of the country Is
concerned had as well be in the bow
els of the carth). Let them draw forth
600 five hundred of these ($lOOO) one
thousand dollar bonds, invest the pro-
cecds of their sale, in N. & d. II. r.
Stock at so cents, and they will own
a suficiency of the stock to control the
affairs of the road. If the stock is .
good thing for the present stockhol...
dcrs to hold at one dollar, it will GER
tainly be a better thing at half that
figure. Men of Nashville, come
forth, show your plu OK. Make a pay
ing investment for yourselves, and
save your city from impending ruin.
We assure you that speeches OF DIR.
SABINE, and advisory letters from
GANo, of Cincinnati, will avail moth
ing with the stockholders of Nash
vile &Dccatur Rail Road, indeed they
will be pardoncd for being little
of this new found love OF
Cincinnati.
Without the North and South Road
s. Decatur stock will cOntin-
NC to be valueless. Louisville proposes
to build this road, will Nashville do
as much? This is the question for
Nashville capitalists to answer. If
they fail to come to the meeting of the
at Pulaski on the 18th
proximo, with tangible, substantial
proposition, the action of the meet
ing cannot be problcmatical the lease
will become an accomplished fact.
These plain words arc spoken, be-
cause, as a real friend of Nashville,
VIC risk losing: her friendship to give
her profitable advice. We again
warn her capitalists, that delay Is
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