The Milan exchange. (Milan, Gibson County, Tenn.) 1874-1978, 1879-10-02
THE TENNESSEE CENTRAL.

w Hat are OuI HCiSuOOiS AZ I1uuC
ingdon and Trenton doing about the
Tennessee Central? We have moi
heard much from them for the past
week or two. Milan is ready and
willing to keep up her corner" and
we are anxious to see the work begin.
If Trenton concludes to back down,
we hope she will let US know prompt
ly. Then we can take steps looking
to the completion of the road to this
point. We would like to have better
and quicker communication with our
county capital, and our people have
hoped that Trenton would be prompt
and enthusiastic in her support of this
measure. But, if she does not want
the road, we guess we'll haze to jog
along in the good old way-or have
the courthouse and Jail moved to the
leading town in the county. We in
tend to have the road, and that very
soon, if it is possible to get it. Jump
aboard, neighbors, or you will be left
in the wilderness.
Since writing the above, we yester>
day met President Cooper. who, in
company with the mayor, mayor elect,
five aldermen and other prominent
citizens of Trenton, were on their way
to Nashville, to have an interview
with Col. Cole, of the Nashville and
Chattanooga railway. Trenton says
she is not able to carry $50, 900 in
bonds, and some of her leading citi-
zens will enjoin their issuance. The
idea is now to get Col. Cole to release
Trenton from part of this, when she
will pay the balance willingly. We
hope he will bear as lightly on our
neighbor as possible.
We clip the following communica-
ton from the Nashville American of
yesterday. 1t was written by prom
inent citizen of our town, and one
who is earnestly at work for the en-
terprise:
MILAN, Tenn, Sept. 2S.-After
the visit of Capt. Cooper and Major
Inman, in the interest of the Tennes-
see Central railroad, a few days since,
the committee of citizens appointed at
the meeting in Clark's Hall have been
among the citizens of Milan and raised
the required amount in the way of
private subscription toward compile
ting the same. At that meeting u
proposition was made to Capt. Cooper,
who represents the holders of Milan
bonds in litigation here between tax
payers and the holders, that if the
holders of the bonds would deliver up
to US 81 800 of the SIS, 900 of bonds
issued to the road, We would guaran-
tee the prompt payment of interest
upon the part retained by the credi-
tons of the town, and would turn over
the 81 800 of bonds to Col. E. w. Cole
for the completion of the road; and
this with our private subscription to
the road, would make about S13, 900,
at least, in available assets to aid in
its completion. AS it now stands,
these bonds are tied up by injncttion
in chancery, and years may elapse ere
the matter is finally determined. A
large number of these bonds are held
in Nashville by public-spirited men,
and we desire to hear from them at
once. BY this arrangement so per
cent. of their debt is secured and in.
terest promptly paid, while we get the
road and put these $4,000 bonds in
to Col. Coles hand to aid in the con-
struction of the road to Huntingdon,
and you get our trade, our cotton and
corn. This is a liberal offer, and
those litigating will dismiss their bill
Immediately upon the acceptance of
our offer. ii
We are a little Phariseeical in this,
the future railroad center of West
Tennessee, and we think we are not
exactly as those poor publicans, our
neighbors, because we have shown the
very greatest liberality heretofore in
giving towards the improvement of
our beautiful little city. First, our
citizens built at an expense of S12,0 600
fine college, an honor to our town;
next we gave (public and private sub
scriptions) $4,000 to the Mississippi
Central Railroad. we then gave
SIS, 900 in bonds and $4,000 in pri-
vate subscriptions to our Tennessee
Central Railroad, making an aggregate
in a very short time, of SCI, 900, out
of a thin population of 1000 and a
taxable property of $4,000.
In one year our population doubled
and our tax valuation reached $780,
600. If this Nashville enterprise is
pushed through we can safely calcu>
late upon our city inside of five years
containing 5000 inhabitants, and our
property running up in the millions,
for this road will bring us the Evans
vile Southern to our town, and make
this its southern terminus. Your peo-
pie and ours will be mutually bene-
fitted by our proposed road.
BY an extention northwest from
Trenton to the river, at TiptOnville, it