Knoxville daily chronicle. [volume] (Knoxville, Tenn.) 1870-1882, 1881-01-28
KENTUCKY CENTRAL RAIL
ROAD.
The RnSxviIfe Extension Fully
Determined Upon

The Cincinnati papers report the an
nual meeting If the Kentucky Gem
trail Railroad at Covington, Tuesday
last. NJ. E E lgglls was elected pTesi.
dent. The report fthe retiring presi>
dent, VIM. Ernest, contains the fol.
loving:
The subject Of al extension Of our
road wardly has several times
been brought to your attention. Here
tofors the board have not seen their
way clear to submit any specific re-
commendation in relation to it. In
our report to you in May last, we said ::
" Much valuable information has been
collected, but we do not deem it ex-
pedient at this time to submit any de-
tails of what has been accomplished,
nor are we prepared to make any
specific recommendation to the stock
holders. But the outlook is such as TO
encourage the belief thst arrange
ments may be secured in the near fu.
ture that will make the way clear for
| the realization of our long-cherished
hopes of an eXtention of o road
Negotiations were then in progress
with the Louisville and the Knox lille
and Ohio Railroad Companies for the
| completion by those roads of The gap
between Livingston, KY, and Carey
| vile, Tenn, and to secure to the Ken
| lucky Central, on equitable terms, the
| privilege of connectiUg III the
| Knoxville branch of the L.. & N
Road, at or near Livingston, and equal
| rights of traffic over the line from the
point Of junction to the TenDessee
State line.
| This has now been substantially ac-
| complished. The Louisville and Nash>
! Vile Railroad Company has agreed to
| extend its Knoxville branch from Liv-
| inget )n, its present t8rminus, to the
Tennessee State line, in the direction
| of Knoxville, and tae Knoxville end
Ohio Road, which is now in operation
from Knoxville to Careyville has
| agreed to extend its line to a connec-
tion with the branch OF the l. & N
| r. r. And the Kentucky Central has
secured the privilege ofc0nnection and
| the right TO traffic. substantially which
it sought. To secure, therefore, to the
kentucky Central the advantages Of d
| direct connection with Knoxville
! Tenn, and thence with South west
Virgins, North Carolina and South
Carolina systems Of railroads; also
| with Atlanta, Ca, and all points in
the South connected by rail with thai
important railroad center, it is only
necessary to extend its road to a con.
neclion with the Knoxville branch .
the l.. & n. Road.
The commercial value of such con
nection need not be discussed in this
| 4 h1,y lya 1,
road map and notice the extent O.
territory that such connection woulC
open to our road, will not be left il
| doubt on that quesiiun.
| Complete aud accurate detailed sIr-
| vays, drawings and estimates have beer
made by w. A. Gum, civil eDginee
of the line from Lexington via Rich
mond, in Madison county, to the sink
OF tGe ROundstone, on The knOXviil
branch of the L. & N. Road, and from
Paris, Bourbon tOunty, via Winches
| ter and Richmond to the same point
His report furnishes the following
figures and facts:
The distance from Lexington t.
sinks Of Roundstone is 583 mjles Es
tim ated cost exclusive of equipment i
81 ,9I6 $50. Estimated coat OF equip
meEt, $l07, 900; total, S., ,024 l60. l
iron treStles are used the cost will r.
increased Sal ,225.
The distaEce from Paris to sinks O
R0Unds,one is II miles. Estimstet
cost exclusive o. equipment is S207l,
32S Estimated cost OF equipment
$ll8 800; total. $2,190,680. So ths
taking the foregoing figures as ou
side, we may estimate the cost il
round numbers of construction Of roa
| ri par TO, i1, r
Roundstone at 81, ,25O,000, and fror
{ Lexington to the same point at 81
100, 900. These estimates were base
upon prices prevalent three years age
Which of the two lines p assesses th
greater weight has not bee determir
ed by the board, although careful con
siderat on has been given to the sub
ject. They cannot, therefore, at thi
time make any recommendation o.
that point. They are prepared, how
ever, and do now earnestly recon-
> mend to the stockholders to authoriz
the extension to be made to point o
the Knoxville branch of the L.. an
n. Road at or near the sinks of Round
. stone, from either Paris or Lexington
: and to invest the board with full pow
er and authority to proceed with til
work and to raise the money requisit
to complete it in any way they shaI
deem best under the limitations of tn
charter; and for this purpose be au
I thorized to issue and sell bonds of tn
, ccmpany aud secure the payment {
tee same by mortgage upon the road
i,sright, franchises, rolling stock an
property Of every description.
The following resolution was ador
ted by the direc.Ors
In view of the recommendation {
9 the board of directors on an exten
t sion of the K. G. r. R. to connection
with the Knoxville branch Of tn
. Louisville and Nashville Railroad ,ant
. of the great advantages which it
3 believed will be secured to the Ken
t lucky Central by such extension an
q connection, be it therefore
: Resolved, that the board OF direct
ors are hereby invest ed with full pow
1 er and authority tt make suc1 al
!, extension of the road, and to procur
q the means that may be requisite for il
construction aud equipment, and t
concel the existing mortgage on III
! road, and also to redeem the prefer.
stock outstsnding. They are hereb
invested with full power and authorit
to issue bonds payable at such tim
:. and place, and bearirg such rate {
interest, as to said board Of director
may seem bsst, and az II the same: ais
7 to Issue q mortgage upon the eDtir
n .Rr as, l. 4