The Pulaski citizen. [volume] (Pulaski, Tenn.) 1866-current, 1880-01-08

idea of the wealth of the country
through which this road is to run,
l give the value of farm products
in 1870, as taken from the census
reports:
Giles, So, $50, 754; Lincoln, $2,O66,-
342; Lawrence, 1914, 1891; Wayne,
1856, 1893.
The entire cost of the road from
Fayetteville to Clifton will not ex-
coed the following estimates:
For grading, bridging and cross
tieing. $280,OOO; ironing and
equipping, $500, 900; total, $4,000,
or less than $4,000 per mile. If
built as broad gauge its cost will
be fifty per cent. greater than the
estimates here made, though many
think the difference will not be so
great.
If the gross earnings Of this road
should be, as they most certainly
would, $1,000 per mile, then they
would amount to $4,000 per an
mum. From this amount deduct
$40, 900, for operating expenses, and
the net earnings would be $4,000,
or more than seven per cent. upon
its cost as q narrow gauge road.
When we remember that this road
when completed will connect Lin
coin, Giles, Franklin and Lawrence
counties with the Tennessee river
below all distractions, and will
bring the coal from the Cumberland
Mountains and from the Alabama
mines, and the iron from the Ten
nessee river counties together, we
must be satisfied that the estimates
here made are within the bounds of
reason. Whether the benefits de-
scribed will ever be realized viii de
pend upon the public spirit and lib
erality displayed by the people. An
will be given to all to
and The failure or sue
cess of the enterprise will de
pend upon those who are most
to be benefited if it succeeds
and most TO be injured in the event
of its failure.
All experience shows that no
country can ever be very rich and
prosperous that does not engage
extensively in manufacturing. -
Cheap coal and cheap iron are es
sential to successful manufacturing,
and these this road will secure.
The money used ia building this
road will not be drain upon the
country, but will be spent at home,
and will to great extent come
back to those who furnished it,
either for provisions, labor or mate
rails. The mere building of this
road will revive business, give en-
to labor and furnish a
market for agricultural products as
well as for articles to be purchased
from merchants. Stockholders will
have the right to pay their subscrip-
tons by taking contracts, or by
furnishing materials at the same
rates they will be taken or fur
nished by others. In this way they
may not only pay their subscrp-
tons. but in addition actually re-
ceive money.
Some say they want turnpikes
and not railroads. Whilst turn
pixies are voluable, they do not su-
persede the necessity of railroads.
You need cheap freights; these
another railroad will give, and turn
pixies viii not. Build the railroad
and turnpikes will follow.
I have not dwelt upon the evils
which would result from not build
ing this road. because [ do not love
to look upon the dark side of pic
5ure, but prefer To take a hopeful
view of the future, and because /
cannot believe you are so blind
to your own interests as not to
have this road built.
Let every man do his duty; let
him act for himself and not wait
upon another; let him subscribe
what he Is able and the road will
soon be built.
The former railroad scheme
failed because OF defect in the
charter. That has now been RENE
died, and if the subscription is made
the railroad will be built.
FORM OF SUBSCRIPTION:
We, the undersigned, agree to
the number of shares op-
oosite our respective names to the
capital stock of the Pulaski, Fay
etteville, Lawrencebsrg and Clifton
R. r. Company, each share to be
$500 (twenty-fve dollars), upon |
H. f1IIcrr;y,r, rar,,s ,,,L oov JfsT-ra-
lst. Seventy five cents upon
each share shall be due and payable |
&c the time of subscription
End. No further payment shall /
be required until Board of Direct /
ors hereafter to be elected by the /
shall be satisfied that F.
4 sufficient amount of stock has /
been obtained and means provided /
% grade, cross tie and bridge said 4
.silroad from Lawrenceburg in Law
-ence county, Tenn, to Fayetteville
n Lincoln county, Tenn.
3rd. When the Board of Direct
ors shall he satisfied that sufficient
means have been provided aud ar
made TO grade, bridge,
,rosstie the road between Lawrence
burg and Fayetteville and, when the
work of grading has been com
then said Board of Direct
)rs may make call of ten per cent.
lpon the stock subscribed, and as
5he work of grading progresses
hey may make an additional call
If ten per cent every two months
Until the whole road is completed
)F the whole amount of stock is
paid in.
TTso ray, Raaf re