The Cairo bulletin. [volume] (Cairo, Ill.) 1872-1878, 1873-11-02

(snd including spur, aide tracks, ninety.
o'Bn' miles OF track has been laid), and
oAs equipment enough for iU present
"eoo', aud OF excellent character. The
coal cars weigh four tons, and carry eight
tons Of coal--s large difference In favor Of
inc cheap transportation on a narrow
gauge railroad over wide one. I found
ok snaita and good machinery for raising
coal, all ready for operation and equal 10
Avn" tons OF coal per day, at Murphys.
'oro' There are other shafts on The line,
ana many new once being sunk. In thy
twenty-five years experience In building
and mansging railroads, I think / never
saw new line Of rosd start off with an
equal promise Of traffic rqusl to its ca
pacity as this road does. I went to Cairo,
and from oil saw and could learn, l think
tn" trnfiic at thst end, when com le,ed,
VIII be about, IL not quite, equal to the
other. The wants Of coal delivered ~
Cairo tor the large and ever .incressiny
steam boat trade there, and to supply the
whole country from Cairo to New Or
lesn', 1000 miles. and the admitted supr.
r'ori'y Of this Rig Muddy coal over ali
others for tina. great supply, seems to
insure . trade from the start fully equal
to 'hs capacity Of = single track.
inquired Of all the leading iron ore
smelters and Of the rolling and pudding
mill 'aen At ST. Louis and Carondcl.t a,
to tho q1Slty and merits Of this coal.
mud the almost or quite universal ex pres.
sion was: Admitted TO be tho best coal
| Tor making iron in the world
Extravsgant, pos.ibly, but an emphatic
convicti"n at lesst. Al the meeting Of
the board Of directors OF the CAIRO and
St Louis railroad, held at Ess, St Louis
on the 10Th Of September. ~ wa. sugge,.
Ted to Mr.. II. X. Payson that p~rh.p.
they had better deliver that part Of the
Fond nov in operation, from ST. Louis to
Murphys"oro, to the company, ss II Wa,
sdtstanually paid for, and ough, not, IN
case Of their inspility TO meet their obi.
cations TO be be lisbl. in any ~sy tor
.n'm They very eheerfuily and K sdly
coneurr-d, and The Road was delivered
over u the company, and 10 now operated
by II, ard It's earnings from the beginning
ms'sr ally exceeds It's " dinsry operating
APenses; and If the P,nic subsidies and
tho renewal OF business begins IN time,
It is Col fd-ntly hoped and believed thatit.
net earning', ty April next, may be ,qu.l
10 the payment of ,in months interest,
then falling due, on all Of its outsiand,by
Hfs, mortgage bonds. /. does not .sem to
sduit Of doubt that, If completed, The
road would rnore than provide for in,sr..,
On ali " its first aud second mortgage
bonds.
think il important to al concerned
that it be completed without delay. Th.
grading and bridging Of the road from
Murphy sboro to Caro- is substantially
completed.
Ths ssiimated cost Of complaining the
track and .upsrs,ructurs ~as $1s7 go, IN.
GLIDING 600 tons Of rails yet needed, st
ss3 tsi36,oorl, and including chairs, Of
liked join,s, &c, for siI,y miles of track
and side-track. To this will have to be
aid1d nov st less, $4,000, and possibly
$50, 1000; TO carry to completion, say, 5000.
ooJ in all. A years delays will add
TO the cost lnrgsy. The Ties now on hand
will get scattered and burned, iron on
hand msy 90, seized aud diverted BY
Creditors, or others. As Paysou 4 Co. are
nov 40 crippled by their Losses ana th
panic, that, though d. posed to do all their
duty and Hhish the road, they csnno, rely
.. oil upon being able 10 do 30 without CO.
operation and from some quarter, and
nobody but they are 80 deeply interested
in the great savings in the cost Of com
ples'n, tho road and securing its earning
~ once. "a the bondholders'
Prompt scsion is very important to all,
IL seems to me, and / think you should
confer with bondbolders fully, and aug
gest, il you think we'll, that prompt &C.
ton which viii quickly complete the road
without waste aud insure tho important
rsturhs that await its completion.
Pa! son d Co. are most wiling ard faith.
ful, but evil timss have ovcrtaken them
ana they cannot raise the small amount Of
money necessary 10 complete the road how.
but will readily pledge the 1856, voc OF
bonds in the hands Of the company u sf-
feet that ,tjs I, and will do anything elise
IN their power that may be- required oil
them 10 complete the ro.d they so hope.
fully began and faithfully conducted unit
now.
l shall DO in New York about the end
Of this month, when, # you ~,b, l will
communi alto more in detail in thi. mat
ter. You're. very truly,
[Signed1 w. Is. OaDES.