Nashville union and American. [volume] (Nashville, Tenn.) 1868-1875, 1874-12-31


Their MilIi0ns I'm 1.-THE Part the
Cineinnati Southern Is Expected 10
Play.
Tie visit Of Gen. Charles B. Stuart, 0f
New York, to this city, last week, has ex-
cited considerable talk In southern Rail-
road circles, and has given rise to a good
deal Of outside gossip and speculation as to
the meaning of his coming. From the Gin
ciulHi Gdzette Of yesterday we get the fol-
lowing outline of what be proposes 10 do:
Gen. Stuart is a prominent engineer Of
New York City. He has been engaged as
Chief Engineer AMI Consulting Engineer
IN many railroad enterprises Of the c0un-
tly. Among others, we may mention the
New York and Erie, the Great Western Of
Canada, the Syracuse and Oswego, the
Iowa Central, and the Illinois Grand
Trunk. He has been State Engineer and
Surveyor of New York, and State Com
missioner Of the Niagara Railway Suspen-
sion Bridge. He has also held important
Offices under the General Government.
Two or three months ago he was employed
BY some New York bondhOlders, who are
interested in certain Georgia railroads, to
visit Georgia and rePort on the condition
Of the enterprises in which they had be-
CD1lAC Cu%A-Cus Lis Cl1DIdCCOs
among Others, roads running from Macon
TO Brunswick and Savannah, and also what
is known as the Gulf Line.
Gen. Stuart became convinced that what
these roacs needed was Western or North
western outlet. If this could ce secured,
their business would be largely increased
and their. -yalae greatly enhanced He
went back to New York and reported his
conclusions. He was thereupon directed
to 90 to Cincinnati and learn what he could
of the prospects Of the Cincinnati Southern.
This was the object Of his visit there last
week.
The Cincinnati Southern is now located
to a point some sixty miles below Chit
woods. ChitwoOds is in this State, near
the line. 1t is the point at which the
Southern rad diyerges from a line to
Knoxville, to the line to Chattan OOga.
The distance between ChitwoOds and
Knoxville IS about sixty-siX miles. From
Knoxville a road has been already con-
structed, running north some thirty
eight miles. This leaves a gap Of
about twenty-eight miles yet TO be construct
ed TO make new line from the Gin
einnati Southern to Knoxville. South
from Knoxville, the road .has been built
sixteen miles, to Marvville. The road
from Knoxville north, we believe, is now
under the control of an English company.
That running from Knoxville to Mary
vile is owned by the New York people.
Gen. Stuart proposes that the two hun
dred miles between M2ryville and Ma
con shall be built BY the New York
capitalists that he represents, aided by sub
scriptions along the line. Thus new line
or combination would be formed, CIV
ing Cincinnati a direct line to the
South, and, more important even
than this, outlets on the seabOard. Among
the seapCrts touched would be Charleston,
Port Royal, Savannah and Brunswick.
The distance from Cincinnati WOnld range
from $50 to 100 miles. The narbOr Of
Brunswick is as fine as any on the Allan
tic coast. The value of the other ports is
more or less well known. The line from
Cincinnati 70 Knoxville would be 273 miles
long, or six miles less than by the Ken
lucky Central. The distance from Cincin-
natl TO Macon would be some fifty miles
less than by the way Of Chattanooga
As TO the Cincinnati Southern, General
Stuart saws Cincinnati is doing what no
other municipality or combination Of in
dividuals is engaged in. The combination
that is here suggested could not be carried
out without the aid that city is now pre-
pared, and stands pledged, to furnish.
Whatever theTOad to Chattanooga may cost,
it is eertainthat the ten millions already ap-
prUpriated will be sufficient to complete
it to Chitwoods, a distance Of some 207
miles. Chitvoods is near the coal and
iron mines. South Of Knoxville the road
would pass through mines Of copper and
magnetic iron, and marble quarries. These
mines, Gen. Stuart says, are the richest in
the country. The Duck Town copper
works and the Tellico iron works are in
that vicinity, and are prepared to contribute
largely to gain a connection with the Gin
cinDati Southern.
Il is proposed that the New York eapi-
talists, whom Gen. Stuart represents, shall
lease the Cincinnati Southern. The gen.
eral proposition which it is proposed TO sub
nit TO the New York people is the assump-
tiOn by them Of the interest on the bonds,
the payment of certain sum annually to
be devoted to a sinking fund, and also the
payment Of one-half the net receipts, the
latter to be used for providing increased
facilities for the road, and subsequently
for the payment Of the bonds. 1t is
also suggested that the lease should be so
drawn up that if the roads running toward
the southwest should desire to use the
road from ChitwOods to Cincinnati, they
could co so on equal terms with the original
leSsees.
These prOpOsitiOns, in substance, Gen.
Stuart is prepared to recommend to the eom-
pany he represents. We have had no in
t;matiOn, so far, as TO how they are regard
ed by the citizens Of Chattanooga.