Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1871-01-15

the northern line Of Tennessee.
BY filing these vscancies--ffty-
i've miles-there will be unbroken con-
nection between Knoxville, on the Vir-
ginia, Tennessee ana Georgia road, and
both Louisville and Cincinnati. Al pres
ent the whole trade from Nashville, east
TO Harper's Ferry. has no northern and
southern route The Ohio, Cumberland
and Tennessee rivers monopOlize aud di-
rect it. When once Knoxville is reached
there remain but ninety miles of direct
construction between MarYsville. in Ter
nessee, and Walhalls, in South Carolina,
TO give uhbrOken connection with Charles
ton. A road is planned between New
Market, on the Blue Ridge, Greenville
and Charleston road, and Aiken, on the
South Carolina, that will shorten the cur
rent distance via Columbia fully one
third. At Knoxville, too, Chattanooga is
reached with its Memphis connections,
and with connections for Meridian jack
son, New Orleans and Mobile, that lack
but fifty miles to be finished.
CINCINNATI is doing now, at a cost Of
ten millions, what Memphis will achieve
by the expenditure of i've hundred thou
sand dollars. Lateral roads, like the
Mississippi Central and Mobile and Ohio,
have forced Cincinnati at last to make
this enormous expenditure of wealth. If
soon be- too weak to make it, and the
trade and travel Of the whole country,
east and west, will be diverted. We must
build the road to Holly Springs.
STANToN's CHATTANOOGA AND
NEW ORLEANS ROAD. - Stanton did
not meet the interest on his bonds,
indorsed by the State of Alabama.
The stringency OF the money market has
been extraordinary, and stanton ssked
for four months eXtent0n, that he
might finish his road The holders of the
bonds agreed, but Lindsay, the new Gov
ernor Of Alabama, refused to consent.
Why, we do not clearly understand. But
just now popular prejudices are much ex-
cited in Alabama, and politicians are often
forced to do very unreasonable things,
The responsibility of the State would in
no wise have been effected, and her credit
would not have suffered as grievously as
it has. If Governor Lindsay proposes to
sell the road, Stanton alone can be the
buyer, and Stanton need only bid four
millions, the amount of the first State
mortgage, to secure a road that costs
seven or eight millions. But there will
be no sale. j. wouldn't begin to pay
anybody except Stanton. The State
would surely lose two millions, the bonds
which constitute the second mortgage, or
remainder of StantOn's dsbt to the State.
and Chattanooga RAILROAD now runs to its
terminus, eighteen miles north of Tusca-
loOsa. The passenger train stops st Dr..
Vancs's, twenty-three miles from Tuscs-
lOOsa. The Cinnamon are Just above US,
al kenuedale, and the grading squad Will
be at Tuscaloosa This week. These facts,
from the Monitor of the 10th, do not indi-
cate any purpose on the part of Stanton
to abandon his road. He understands the
condition of affairs very well, no doubt,
and was unwilling to subject himself to
a heavy loss in order to raise the sum re-
quired TO pay interest. The road finished
will soon pay out, and once finished, it
can borrow all it needs. Alabama should
have assented to the proposed four
months extension of the paper which the
State indOrsed for him. Governor Lind
say has telegrsphed New York, says the
Standard, that the suspension of payment
is only temporary, and, the Standard says,
il is due 10 . disagreement among the
managers of the Alabama and ChattanOo-
ga road. The amount protested is only
$3.50 COO. Suter 81 Co. offered to advance
tho amount, but the company refused TO
accept il,