Clarksville weekly chronicle. (Clarksville, Tenn.) 1873-1890, 1883-03-17
MORE RAILROAD!
ANN a RErrER RAaLRoAD.
The Through Route from Evans
- Vile 60 Mobile Revived.
A New Proposition from the Cor
don Syndicate.

last Friday night, indicated thai
there was something in the wind
which was to supercede that scheme
The wide-awake citizens had caught
on to something better and bigger
and the Friday nights proceedings
partook of an air of formality which
meant tive abide the maturing OIL
the bigger scheme" Judge Smith
stated that Judge w. B. Wood, Ol
Alabama, was in the city, and
would remain for several days, and
that Gen. E. G. Gordon had tele-
graphed that he would be here
Monday or Tuesday, and would
like to meet the citizens of Clarks-
vile to lay before them new prop
osition. After this plan of organ
ization and raising subscription to
stock was submitted and adopted,
and Messrs. Kennedy, Lurton, Ma
craze, Crusman and Smith were APP
pointed a committee to confer with
Major Gordon on his arrival as to
surrender of charters in his posses
sion, etc.
TUESDAY NIGHT
There was a considerable assem-
blage of citizens in the Circuit Court
room to hear what Maj. E. G. Cor
don, Judge w. B. Wood and others
would have to say. Hand bills had
been circulated during the day stat
ing that "a proposition of vital inn
portance to the people of GAINESVILLE
would be submitted for considera-
tion," and the people were anxious
to know what that proposition
would be. The meeting organized
by calling Mr.. Kennedy to the
chair, after which Major Gordon
was introduced and made An adj
dress. He had very kindly feelings
for the people of GAINESVILLE on ac-
count of the good treatment he had
received here and the prompt man.
ner in which the citizens of this
place had responded to his PROPOSE
tions. He very readily agreed to
let the people have the use of the
charters they wanted, now in his
possession. "Our purpose is to aid
you if you undertake to build the
road yourselves. Our scheme
has never been abandoned and con-
siderable progress will be made I'M
der the contract before the end of
the year. Work will be begun in
both directions from Florence, Ala
bama, in the next so days. We
would prefer for you to build the
road from here to Princeton and if
you decide to undertake it your
selves we will give you all the aid
in our power. We can make that
road a connecting link in the
through line that we propose build
ing. 1t will relieve us of that much
if you build the road. [ have a
proposition that 1 will make you
which you can consider if you don't
undertake the building of the road
yourselves. Before reading the
proposition will state that have
changed my mind since l was last
here in regard to narrow gauge
railroads. l find on examination
that their carrying capacity is larger
than thought. 1t costs much less
to build and maintain narrow
gauge road than it does broad or
standard gauge road. The expenses
are less and the company can ham
die its bonded Indebtedness easier.
Then too, the cars can be placed on
adjustable trucks and can be trans
ferred back and forth from broad
gauge roads without breaking bulk.
The Paramore road in Texas is a
notable instance, where this is done
daily"
He then read the following prop
Osition:
(The folIowiugis the proposition
with the subsequent additions en-
bodied.)
First-That the people of GAINESVILLE Will
secure the right of way into and through the
limits of the city of GAINESVILLE,
and suitable depot grounds within said city
without cost to the company.
Second-That the people ofCIarksville and
of the country along the proposed line of
railway will undertake to secure, free of
cost, the right of way between GAINESVILLE |
and Princeton, or some other point on the |
and Ohio r, r. in the State of |
Kentucky.
Third-The bona fide subscriptions, to be |
paid by installments as hereinafter provid- |
ed, shall be made by the citizens of Clarks- |
Vile and of the country contiguous to the |
line between GAINESVILLE and the |
point where the c. Il o. R. r. may be cross
ed, for at least two hundred thousand dol |
lars of the first mortgage bonds of this COM
pany. These bonds TO bear six per cent.
Interest, payable semi-annualy and to ma
lure in thirty years from date; and to be
secured by a first mortgage on that part of
he proposed railroad lying between point
in Dixon county, Tenn, where this road
nay cross the same and extending thence
through GAINESVILLE, and thence in a mort H.
vesternly direction to point in the coal
ields of western Kentucky one hundred
niles in distance from the point of crossing
the Nashville and Northwestern r. r.
,bove mentioned-its road-bed, right of
way, iron rails, deDOts and depot grounds,
engines, cars and equipment of every char
lcter, and to be further secured by a first
mortgage upon one hundred thousand acres
If iron and coal lands situated in the States
If Alabama, Tennessee and Kentucky.
The subscribers for said bonds shall desig-
late trustee, to whom they shall pay
heir subscriptions for ponds, who shall on
y pay over the proceeds of sales of bonds to
his company's engineers for work actually
lone and completed, according TO the fol-
owing schedule:
l. Twenty per cent. of amount ofsubscrip-
ton in his hands on engineers esti-
mates as the work progresses, on the
first section of ten miles north of Clarks-
vile.
2. Twenty per cent. further of the amount
of such subscription upon completion of
the grading OF the first section OF ten
miles.
3, Ten percent. of the amount of such SUBJ
scription when the rails are actually
laid upon the first ten miles.
4. Ten per cent. upon complexion OF the
grading of the second section of ten
miles.
5. Ten per cent. when the rails are laid
upon the second section often miles.
6. Ten per cent. when the grading is COM
pleted upon the third section of ten