Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1874-12-27

anu tDuLuW6Sis HDE ndil q nullou OL
dollars, invested where il promises to
pay a good dividend, direct c0mmunica-
tion can be had with Pittsourg, and coal
can be brought direct to all the factories
of New England without tranship-
ment, and 8 new and highly important
western connection Will be gained
There can be no doubt Of it, because just
the length of road to be built, and the
outside cost Of building It are known.
What is needed is the practical help to
construct the missing link in the line.
Among the party that came nom
Pougdkeepsie were Hon. H. q. East
man, Of Poughkeepsie; Hon. George
Ennis, ex-msyOr Of the same city; P. P.
Dickinson, Geo. r. Gaylord, George P.
Pelton, president of the Poughkeepsie
and Eastern railrosd; Hon. Frank Alb
bolt, msyor OF Port Jervis; Daniel
Thompson, president OF the Crawford
branch railroad, and $. D. Case, presi-
dent OF the 1ehigh snd Eastern rail-
road; i T. Butler, John Boyd, John J.
Rockwell, Of the Connecticut and West
ern railroad; George NJ Bartholomew,
trustee, and John T. M'Manus, assist.
ant superintendent Of the Hartford,
Providence and Fishkill railroad; and
Daniel Phillips, Of the Adams express
company.
Alderman John T. Clark was chosen
chairman OF the meeting, and introduce
ed Mayor Eastman, of Poughkeepsie,
first commencing the project in strong
terms, if it were feasible. Mayor East
man, in an address of some length,
stated the great advantages OF the new
route; the comparatively small amount
necessary 10 perfect through route.
His speech embraced all the previous ar
guments made public in favor CT the
scheme. Address, IS were also made by
5. P. King, president OF the Lehigh and
Eastern railroad; VIM. T. Hart, Of the
New England road; Hon. Josiah Quin-
cy, Hon. John A. Lane, and John J.
Plstt. The following named citizens
were appointed COMMITTEES 70 take the
subject under consideration: John Cum
Minis, A. H. Rice, 7. NJ. johnson, Jas.
A. Dupee, Samuel g. Cobb, Albert
Thompson. Geo. c. Richardson, jacob
Edwards, Lyman Nichols, VIM. E. COf
fin, Otis NOrcross, L. r. Cutter, John
T. CLARK, F. f. Emery, VIM. G. Weld,
aud z. 81 Kinsley. The present indiea-
tions point TO the ultimate approval Of
the enterprise by Boston capitalists when
its advantages have been fully investi-
gated.
LIBERAL AND LOOSE.
From the New York Journal Of Commerce.
Although congress has been in session
less than two weeks, the house com nit
tee on railroads and canals has found
time to investigate, decide upon and re-
commend three important subsidies.
This is very quick work. Nobody can
charge that committee with idleness,
whatever may be said Of its total dis
regard G. the teachings of the past. It
would seem, from the haste with which
these subsidy schemes are disposed Of IN
committee, all iavoTably to the promo
ters, as if the members were ready TO
welcome every new project for extract
ing money from the treasury in aid OF
some land or water route. They act As
if they are in hurry to rush through
all these matters this session and leave
nothing for their successors to do. The
most delicate and embarrassing ques-
tions which government can be called
upon to settle are determined by the
committee finland and unanimously.
The Richmond convention Of cheap
transportatiOnis.s was unable, with all
its wisdom, to fix its preferences on any
line Of railroad to be encouraged by the
government. The house commit
tee on railroads and canals has
no difficulty in agreeing upon two roads
as recipients of the national favor. Both
OF these are schemes so fresh and eau
tiously managed that the public knows
little about them, except Gs their plans
leak out through thecOngTessiOnal lobby.
One is an almOst unknown liue, called
tie Washington, Cincinnati, st. Louis
and Chicago" It is not understood to
be new route connecting all the points
named, but only link OF undetermined
length somewhere to shorten the line
between the terminal cities. Upon this
cloudy project, of which not one
out of a thousand inhabitants of this
country ever heard, the committee gives
its blessing and asks the government to
indorse the bonds OF the line. The
"Continental railway" is not wholly 3
stranger to US. This is corporation
having = charter from the several States
between New Jersey and Iowa, inclus-
/ i've, and organized to provide great
/ freight road from New York to Council
Bluffs. 1t is the scheme that was
/ pressed so earnestly upon the sp-
proval Of the Richmond conven.
| ton and failed to elicit its support.
The company is luekier in the COM
I mittee room at Washington. Tue com
| mittee can scarcely have had Time tC
( hear the arguments and inspect the
maps before it unanimously agrees thai
/ this road must be helped by the govern
I ment; and in goes Dill to the house be
slowing q national charter upon the
"Contiuental railway aud guarantee
! ing five per cent. interest on S6O. .OO0,OOt
/ of the cOmpany's bonds. The nomina
l object of this liberaliiy is to establish
| cheap ireights between the east and Wesi
that is, the rates are to be made CHEAP
! for bulk freight received in cars without
handling by the company. There IS 5
/ tempting reduction for this class; but al
/ the other freights are subject 10 the or
/ ders Of q commission of i've members
! three of whom are to be appointed by
/ the president, and two by the company
This is subsidy in a mildeE form thar
| that of the Pacific roads, since the gov
eminent risks only 50, ,000, 600 year; bu
in principle it is equally Objectionable
and If the bill passes, the company vii
/ probably be lobbying for an amend
ment next year advancing the money
TO build the road itself. But whether
this is done or not, the bill on il
own merits is grossly defective anC
unsatisfactory. The third scheme
/ which meets favor with the COMMITTEES
is q direct appropriation for opening tbt
| Hennepin canal route from Chicago Il
the Mississippi. This is one OF the pro
iects most highly recommended by tht
1 Richmond convention, and represent
the demands OF the northwest, and i
the fifth water route now before con
gress on committee recommendation
for subsidies. Others are elamOring 70
recognition. One effect of this whole
sale indoTsing of new railroad and waite
lines has been to stimulate the Northeri
Pacific rosd to make new demands upol
congress. Counsel Of the road are nov
la Washington asking for a government
guaranty Of interest on bonds and the.
have q right to expect something fron
the committee, seeing how generously
other applicants are treated. Mean
while, every attempt fails to get settle
ment out OF the Pacific roads, or even b
procure an Investigation Of their affairs
NORTH AND SOUTH LINES.
From the jackson CTennl whig and Tribune
Important changes have lately take
DlntC III btlC OAiAlAftl1 VI tA4C AA44ACAo ~SSt
trail railroad. Wilson g. Hunt, NeA
York millionaire, has been chosen pres
ident, and james c. Clarke, formerl
vice president Of the Erie, railroad. ba
been chosen general m Anager. One {
the first acts OF Mr.. Clarke was TO sen
an agent, Mr. Johnson, of Cairo, to 20
into the trade prospects of New 9f4ean
anp he southwest 1t is understoo
thaskMR. johnson has given very Il
vorsble report Of what might be done 8
the New, Orleans end Of the road. As
} distributien point for bresdstuffs in Te1
: as and the southwest, New Orleans
one OF the best points that can be nameI
} Tae investigation, 1t Is hoped, may les
, + more intimate relations betwee
Chicago and sll the cities OF Il
, south. Another matter of investigi
ton is the time and fare, IS we