Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1875-01-02
4 GREAT RAILROAD PROJECT
New York Capitalists willing 10 Put
Their n IItOBs ia THE Part Ihe
si1cinnati sou hern is Expected
TO u AZ.

The visit uf General Charles 3. Stuart
Of New York, To this ii Y, last week, hR,
excited considerable talk in southern
rl,irgsd circles, amt has given rise 10 q
GOOD deaf Of outside gossip aud specula-
1i1u as 10 the meaning of his coming.
From the Cincinnati Gazette OF yester-
asy we get the following outline of what
ht proposes % do:
General stuart is q prominent er-
gilreI o. New York city. He has been
,rrsged ts chief engineer and cUnsllt-
iEg engineer IN many railroad enteI-
u-i -es Df the county. = mOng Others.
we may mention the New York and
EE sh- Great Western OF Canada, the
Sy-gcusl aud Oswego, the Iowa Cen
lral, and the Illinois Grand Trunk. He
has been State engineer and surveyor OF
New York, and state commissioner of
thu Niagara railway suspension bridge
II has also held important offices under
fhe general & rvernment. Two or three
months RsO be was employed by some
NeN York byi dholders vino are inter
c-.ed in certain Georgia railroads, to
visit Georgia and report on the cOndi-
zion Of the eG'erpriSes ia which
tuey had become engaged. His
ucufries embraced, among others,
roads ruuuiug from Macon to Bruns-
zyiez and Savannah, and also what
-- know as the Gulf Line. General
"Suad became convinced that what
these roads needed was q western or
non. hwestern outiet II this could be
occurred their business would be largely
increased and their value greatly en-
hzUced. he went baCE 70 New YORK
aud reported his cUnclusi0Is He was
tnereuppn dis ected TO 90 to Cincinnati
aud learn what he could OF the pros
uects Of the Cincinnati Southern. This
vs. the object o: his visit here last
week The Cincinnati Southern is nov
lacs "a 10 a point some sixty miles be-
Iaw CuitwOods. Chiiwo0ts is in this
Safe, near the iiBc. Il is the point al
which the Southern Tosd DIVORCES from
q line TO Knoxville to the line 10 Chatta.
Ua,.ga. The distance between Chit
,rolGs sud * aOXville is about sixty-.ix
miles FROM Knoxville road has been
already constructed, running north
some tnirtv-eig miles. This leaves q
gap Of about twenty eight miles vet TO
tee constructed GO make a new line from
tha Cincinnati Southern 10 Knoxville
south from Knoxville, the road ha- been
Iu.l. sixteen miles, To ASryVi.ie The
road fsDm Rockville ngTths We believe,
is now under the control OF au English
company That running from X IoX
vii e. 10 Maryviile is owned by the New
YORK neople. General Stuart proposes
THat the two hundred miles between
Mary Vile and Macon shall be
Uult by the New York capital.
i-,s that he represents, aided by subscrlp
tioas along the line. Thus a new liz e
a- combination would be formed, giving
.g.- .Ff.sa 80. Q }.
more important even than this, outl .
ou tlsa Etabogrd. Among the sesports
Touched Hgu q lie Charleston, Port Royai.
g.vauuaha aud Brunswick. The distsuce
l.n Cincinnati would range from ak
huaared and afJy 70 seven hundred
miles. Tire hSrb1r 4 Brunswick is as
Gnr ~ cuy on Ine Atlantic coast. The
vaiu. of fle other ports Is more or less
welt known. Lle line from Cincinnati
- Knoxville would he two hundred and
--yeuty-thTee miles long, or six miles
ia-s than by the kentucky Central. The
distance FROM Cincinnati 10 Macon
.,au5d De- some iitty miles less than oy
#l, .sav Df Chattanooga. As 10 the Gin
..frg.tf Southern, General ; .Uzrt says
tf.rirugG is doing what no other mu-
-,frfHtli'y or com 1ilztiOu Of individuals
l. engaged iu. The combination that is
eaSe suggested could rot be carried out
ss-..fly Ine a.G ldSt city = now pre-
g4afsl end s,2--is pledged ID furnish.
tEGa. ger lie -Ozu to Chattanooga may
...-s. {, .- certain ta2t the ten millions
...sr.Ev Z. PTauF.4.ed Will be sufficient to
,.-.19..i..sp % Ia t5uitEODls. 2 distance OF
-s.s tNJ iuI8IeG aud seVea miles.
s..twa.a- s. near rne cal and iron
uss..- S.ulh Of Knoxville the road
ss.5.i.I pass through Miuas 'f copper sHj
-rayurilr iron. aud marble qusTTies.
1'u--a mines, General stuart SAYS are
Tfa rirHe-t in ihe country. The
D4er EyEn cogpe- works aia the Tel
Ff.1 iron Work are IA tIat vicinity,
aud ere prepared 70 contriUu e largely
e., cain q connection with the Gin
ljrsI Southern. Ii Is proposed that
,n. New York capitalists. g.hOm Gen
a-sl STUART presents, shall lease the
cincinnati S8ujherg. The general prop
rsttfau which Il l. proposed 10 submit to
tbe <eg York people y ihe assumption
Iy guen uf the interest on the bonds,
he psvHent Of a certain sum annually
"a b. devoted 20 a sinking fund and also
,4,a 1avueuL of One-h tif, the net e.
..-sars lie latter to beused for providing
-I--s-ad ABILITIES f0T the road, and sub
y-s4elrly f1r the payment o! The bonds;
n ID slz.l zugge-tsd that the lease should
-. 3, drawn I'D thatii the roads running
'.-.-i the southwest should desire 10
~. -,-, road fss4 Chitg JOds 10 CiBcin-
.--t. .aav sguid do 70 on equal terms
--s.s. a..-sf!.iaai lts7eas. These pToPO-
.-...a 5n .lS-fGuCe General Stuart is
T-er.r.s ts .esanlmend 70 the EOst be
: --e.sa o.. We have had no intims.
.l.,~ 80 far, o. - HOT they ere regarded
L. LJ,e-atizeuE Oi Chattanooga.