Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1875-10-27

THE New York Bulletin is not in favor
OF any more government subsidies to
railroads. Like all its northern and
western contemporaries, now that those
sections are satisfied with a partially
built Northern Pacific, well managed
Central Pacific, and a Kansas Pacific
that is model road, it is opposed TO
any farther expenditure of the public
moneys for railroads in the direction of
the west, and therefore it scouts the idea
OF a convention at st. Louis on the
twenty-third Of November next, espe-
cislly in view Of its assumption that
that convention is 10 be wholly COM
mitted to Tom Scott's plans and pur-
poses. It says of the convention, that
though Il no programme is given out, it
requires only ordinary discernment to
see that the principal, if not the only,
subject of deliberation will be an eff
fort to commit that body to supporting
"ScOtt's Texas and Pacific railroad sub
"sidy scheme with the Atlantic and Pa
"cific connection by way of st Louis
engrs'ted OF it, which, it is understood,
"is to be pressed upon congressional at
"tention again this winter" In this
We think the Bulletin is mistaken. It
knows but little Of the people Of Vicks-
burg, New Orleans or Memphis, if it
.supposes they will consent to assist in
the development of any such scheme.
They have a definite purpose, which,
with or without Tom Scott, they will
press upon the attention of congress.
They will ask the national legislature TO
iBdOrse the bonds of Southern and not
Southwestern Pacific railroad, to an
amount averaging forty thousand dol
lars per mile for the fourteen hundred
and fifty miles between Fort Worth and
San Diego, and for five hundred to fif-
teen hundred miles more for branches
leading to Memphis, Vicksburg and
New Orleans. In other words, we will
ask congress to guarantee an annual
interest liability, as indOTser, for rail-
road construction purposes, on some
thing like sixty.fve million dollars of
obligations for 8 series of years
probably until the roads are able to earn
the amount, viz: three million five hun
dred thousand dollars per annum in gold.
In asking this the south can point to
what has already been done for the
north and the west; and her poverty Of
money and means in view, may reason
ably insist that she shall share in the
public help, especially when that help,
as in this instance, is asked for a scheme
that in magnitude and future results
ID the whole country is greater
and grander than anything of the kind
yet projected, We come before con.
gress in this mat er with clean hands,
snd ask no concessions fIom Tom Scott,
because, however Influential be may be
in Washington, OF potent in Pennsylva-
MIA, we do not yet recognize in him
either the arDiter Of the fate Of the south,
or an aut)crat in railroad matters. AS
Senator Johnson said last year, we shall
demand 2 truly southern road. and not
a road which, skirting along the border
line, would take busiDe.s away from the
south, through s., Louis, indianapolis
and PiLtsburg. To secure an expression
OF public favor to this end, the south
will be represented in the st. Louis con-
vention, but the presence Of her dele
gates there must not be construed into
an acquiescsnce in Tom Scotps plans,
or be in the least regarded as indicating
belief on the part Of the south that he
is a great mOguI to be concilisted or pro-
pitisted, or petitioned for concessions.
Tom Scott is one mantle south has
many millions.