Knoxville daily chronicle. [volume] (Knoxville, Tenn.) 1870-1882, 1881-01-21
Railroad News.

HAHJ' As' w mCChilA, CHIEF engineer
of the proposed extension OF the Knox
vile and Ohio Railroad to the Ken
lucky State line, to meet the Louis.
vile and Nashville, came In yesterday
on the K. and o. train. The survey is
reported as progressing as we'll as
could be expected, considering the
weather. The country is mountainous
ard rough, and during the bad wealth
er everything has been showed and
frozen up. The survey is completed,
however, beyond what is known as
the tunnel, which is about fifteen
miles from Careyville. and some seven
or eight miles beyond the graded por>
ton of the line beyond Careyville.
G S. RAILROAD COMPANY.
At a meeting OF the stockholders Of
the Cincinnati Southern Railroad the
present board of directors was re-
elected, and it organized by the re-
election OF the present officers.
President Clements reports the total
earnings since the opening of the road,
in nine months, to have been 81 485, :
32S.73; all expenses, 1856, 90O.1 10. leav-
ing net earnings, $S98. 42e.54
Ia his report he adds: 1.-THE
outlook for the future business of the
road is encouraging. Coal of excel
lent quality and in great abundance is
found on the line of the road or near
vicinity from Point Burnside to Chat
tanooga, a distance of 10 miles. For
est products in large quantities and Of
excellent quality are found for neal y
the same distance. Iron ore of good
quality, and limestone for fux are
found throughout the Tennessee valley.
On the proposed branch to Knoxville
large deposits of superior coal and iron
are found, and will, besides the local
demand for furnaces, find ready ard
profitable market at Chattanooga, At
ianta and other points in the South.
Sand suitable for glassware and a
good quality of fire-clay are found on
the table lands.
There Ia very large body of wild
forest land extending for many miles
on either side of the road between the
The soil of the country north of the
Cumberland to the South Fork of
Green River, and east of Emory Gap in
the valley of the Tennessee is, in
many places, fertile and susceptible of
profitable cult ation. A considera.
BILE number of farmers from Ohio and
Indiana are purchasing farms in the
region north of Somerset, and q prom
Using colony is established at Rugby,
| Morgan county, Tenn, under the
auspices of prominent English and
American gentlemen, and there is
every reason TO believe that success
will follow their efforts. @
"What is most needed. however, is a
bureau for the registering OF lands Of
fered for sale, with prices and infor.
1 nation as to location and quality, so
| that purchasers can select such lands
as will probably suit them, without
being compelled to incur the expenses
of travelling over the whole territory.
Believing that the interests of the
| city and company required longer
lease of the road than the existing
| license, and that the needed extensions
| to Knoxville and important connec.
tons at Chattanooga and other points
| in the South, could only be Sc
cured through the medium OF perma'
nent lessees, your directors authorized
the president 10 make a proposition,
| "a copy of which is attached,) to the
| trustees, under the form adopted by
them and furnished by their secretary,
for laase Of their :oad for t~onty fl pe
years, upon terms pIedicated upon 8
percentage Of gross earnings per mile
per annum. We based our bid upon
the assumption that the gross earnings
would exceed S. 600 per mile, and
might reach, with the proposed extern.
sions and improved connections, $l0,-
900 per mile and upward. We consider
the offer o reasonable enc, making
proper allowance for the large outlay
required and the contingencies attend
ant upon contract Of this character,
extending for twenty-five years"
REDUCTION OF FARES IN GEORGIA.
The Western and Atlantic Railroad
have issued a circular that on and
after February l, 1881, the following
rates will be adopted: Local tickets
will be sold by the agents OF tue road
at three cents per mile. Excursion
tickets, good only on the KiogstOn ac>
commodation train. will be sold by the
agents st five cents per mile for the
round trip. Thonsand-mile tickets
will be sold at $25. A uniform rate of
three cents per mile for local fares on
purchased tickets goes into effect On
all Georgia railroads February /.
Personal.