Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1872-08-28
n%EMOCRATIC TICKET.
THE IRON MOUNTAIN. AND HELENA.
RAILROAD.

Inc STOCKHOLDERS VI AAAS Ibdu mCcAdi
Forrest City on Monday next to elect a
Board of Directors to serve for the en-
suing twelve months. Although this
road does not directly affect Memphis,
yet, as a public improvement, it must
indirectly benefit our city. We must
bid God speed to all railroads-particu-
larry to those in our immediate vicinage.
Deemed, as the APPEAL is, an Arkan-
sas as well as a Tennessee journal, W.
cannot be Indifferent to an enterprise OF
the magnitude of the one under consid-
Grafton. To the city of Helena, our
spirited little neighbor down the river,
the Iron Mountain and Helena rail
road viii be a powerful COM
mercial lever, lifting her high
above the i~mpecunious overfiows of
small town, and placing her on the
safe uplands of a cityin fact Knowing
this truth she has steadily kept at the
helm of This enterprise, one of her most
efficient and energetic citizens, who
has devoted the best part of the
last FIVE years 10 the work, and who
now, we are happy to say, has placed it
on a basis which insures its success
Chiefly by his exertiOns, influence and
business tact and capacity, the securi-
ties Of the company have been placed
in solvent and responsible hands, while
the work Of construction is in the hands
of parties who have the ability and ex-
perience, gathered in years of success
full railroad enterprise, 10 build the road
from Helena to the northern State
line by Christmas, 1873. This Is
indeed good news for our friends down
the river-g good news for the
whole State Of Arkansas, whose future
growth and prosperity will be largely
and benefcially affected by this road.
Now, in the light of these facts, we
have this to say to our friends in Arkan-
sas, and to the stockholders generally
Of this road, many of whom are citi--
zens of Memphis-give honor to whom
honor is due. We understand that our
esteemed friend and fellow townsman,
Colonel D. c. Cross, than whom no
truer and nobleT man breathes the breath
Of life, and one who has been a faithful
and consistent friend of this enterprise,
is in a very feeble state ofhealth, and in
all probability may be prevented from
~discharging the duties of President of
thisr road for another term-a post that
he has filed with honor and credit to
himself for several years. He may de-
sire to retire from active participation
in the duties of the Presidency
Of the road. In such event we
unhesitatingly say that the stock
holders it to their own best inter
ests, to the enterprise and to the ability,
competency, energy and past services of
tho nrasanT Eaprafqrv To ala1t him 70 tho !
Presidency Of the road. He is well fitted
TO discharge the duties of that position.
In strict justice, he has mainly created
the enterprise. He it was who canvassed
for the stock of the road, makingspeeeh-
e all along the line of the road, engi-
neering the procuring Of county sub
scriptiOns, the donations Of land, the
execution Of deeds, preserving the rec
ords, conducting the entire eorrespond-
ence Of the company, issuing the stock,
and exercising a general supervision Of
the affairs of the company. These alone
would qualify him for the position, but
his recent experience in New York city,
where he daily met the leading bust
ness men of Wall and Nassau streets,
strictly on matters pertaining TO rail-
roads, has given him a clear insight
into the workings Of financial matters
in the metropolis, a knowledge fully APP
preciated by business men, familiar with
matters of finance, and of the greatest
possible benefit to the country-a knowl-
edge which can only be procured by ae-
tual eXperienee-pOint him out as the
man for the position in question. Stock
holders resident in this city have sug-
gested these thoughts; but, Colonel Mac
cabe has thrown the whole force OF his
active energy into this enterprise, giving
up a paying and increasing practice al
his profession Of the law, in order that
he might devote his unlimited time to
the work. He has fitted himself by
actual experience for the position.
We therefore say that the best interests
Of the stockholders of this road would
be consulted by the election Of our
friend to the Presidency of the Helena
and Iron Mountain company.