Fayetteville observer. [volume] (Fayetteville, Tenn.) 1850-1966, 1874-05-07

OJD IL pea tliiC Ol q vi tIlthA vi
81 $4,000 (the narrow gauge
costing $4,000 per mile Fifty
per cent. Of gross earnings pay all
costs and expenses o! narrow
gauge roads. The earnings to.
Pulaski would be S56l,025. after
operating expenses are deducted.
Ten per cent. upon the entire cost
of the road would lie only $685..
900; and thus if this road should
only do half the business of the
Memphis & Charleston, its net
earnings would lie S210 SIP. or
m re than nine per cent. on lis en-
tire cost.
Colonel Holman, Of Lincoln
county,neXt addressed the meet
ing in d forciblc manner, his re.
marks being listened to very at
tcntively. He said that ne
could not enter INTO de- ails on
the great reasons why Memphis
should do her part in building
the Memphis and Knoxville
railroad. He was aware Of the
fact that he was addressing COM
mercial men-men whose views
were practical, and who did not
want theory. If after a full in
vestigation, the people of Mem
phis did conclude that the
building of the Memphis and
} Knoxville road was greatly TO
their interests, he would not ask
them to assist in its construction
we were all controlled in our ac-
ton by our interests. Memphis
needs railroads that will bring
produce and trade to her, ard
: not facilities for taking it
: away. She has so far been lib
: eral, not to say lavish, in the in
vestment Of her money in rail
roads. He supposed the city
had received great benefits from
them. Whether the invest
ments in all Of them had been
the most judicious was a ques-
: ton he would not discuss.
Memphis would be greatly Den
Gifted by the proposed road. II
would bring fifty thousand bales
Of cotton to Memphis that she
: does not now get. 1t would
} bring a large quantity of grain.
, stock and the many other pro-
auctions Of the fertile country
: OH the line Of the road. Ii
would open up direct commu-
nication with the iron and coal
OF Middle and East Tennessee,
thus enabling Memphis to be-
come a great manufacturing
: city. The principal wealth OF
, all our great cities must, Of ne
cessitY, be basel upon manu-
factories. The mere exchange
: Of products was important, but
: would prove delusive and eph-
= emeral unless based on the sol
id and permanent foundation
Of manufactures. The proposed
) road would bring the iron and
: coal from these great mincra
2 regions as cheaply as they car
s be procured by any manufacture
+ ing city Of the Union. NJ
road of costly construction
l could compete with it in cheap.
D ness Of transportation. Ca1
thirty thousand dollars Il mile
: compete with ten thousand dol
: lars a mile when ten Thousand
dollars a mile will do all tina
/ thirty thousand dollars mile
| can do. Suppose the question
is asked Of a commercial man
/ engaged in any other business
: how long would it take him t.
!; solve the question? Suppose
you add to this the fact that tn,
! marrow gauge road can be rur
0 correspondingly cheap, do W.
not see that these are the road
that Memphis need to enable he
to command the trade of tn,
s country around her for at lcas
= one hundred and fifty or TIVE
= hundred miles. This roac
2 would also be of great benefi
to this part Of the State. l
: would give our people the ad.
vantage Of two markets, Nash
!, vile and Memphis. We coult
: bring our cotton, corn, grain
d. and live stock to Memphis, anC
e here exchange them for grocer
2 les, hardwareand articles such a
: we need. In Lincoln we rails,
! ten thousand bales Of cotton
! and we have to send it one hun
, drcd and twenty-five miles Over
the railroad at heavy rates K
; get it to Nashville. If we haC
this cheap railroad to Memphi.
r we could bring our cotton here
as cheap as we now carry it tC
: Nashville. There VIC would buy
? our groceries and many articles
} Is the trade of the soutlexr