The Aberdeen examiner. [volume] (Aberdeen, Miss.) 1866-current, 1884-02-07


able her cotton buyers to obtaii
through bills of lading to Liverpool
and Havre with but one handling o
the bales between the Mississippi
river and the docks on the other sid
of the ocean.
The completion of the road be-
tween Holly Springs and Memphis ii
one lof the events inevitable, ant
those who undertook the work two
years ago understood as well as w
outsiders do, that the investmen
would be proftless as an indepen'
dent enterprise if Holly Springs was
to be its eastern terminus. The
| grades from Holly Springs to Mem
phis, and from Okolona to Aberdeen,
represent vast investments of time
and money and such work is never
/, thrown away. Whether the present
holders will recover from their en-
barrassments sufficiently to proceed
with the work or allow their assets
in road bed to cancel their liabilities
in that behalf is matter that only
concerns the people along the line to
the extent Of sympathy with their
misfortunes and regret for the tenn
porary stoppage of the work, but so
far as Holly Springs is concerned,
she is certain to get the road. In
regard to the work east of her there
is but one danger to be apprebended,
and that is the possibility of the
franchises passing into the hands OF
the Illinois Central Railroad, and
that that corporation satisfying Itself
with Mississippi river connection
at Memphis, and already having a
line to the Tombigbee and the prai-
ries that it intends shortly to push
through Northwest Alabama, may
regard it as contrary to its interests
to complete it on the located line
This is possibility chat Memphis
may or may not feel Interested in
guarding against, t,and we feel reason.
ably assured that combinations can
be made with the new Kansas City
line or other corporations that will
prevent it.
! As to the Georgia Pacific, it has
| called halt at Birmingham, but il
it returned to it's first love, and
bought the Memphis,Selm & Bruins
wick francbise-as it once came
within three days of doing--it would
push it through on the present Mis-.
sissippi location, and on to Birming
ham, connecting with its present
property the Columbus, Fayette &
Decatur road somewhere noal
Fayette Court House, Alabama.
The proposed line of road tc
run straight from Memphis to Selma
to which the Clarion refers, was
never "agitated' to any great OK
tent, and never even surveyed thai
we have heard of, and would hardly
be adopted or more than thought O
now while SO many miles of grade
stand almost as bonus to temp
investors.
The paragraph which the Clarion
credits to the Examiner is not O
recent date though our confidence il
the early completion of the road il
as firm as when it was fresh from on,
pen, and this confidence is shared By
Gen. Shelly, of Alabama, and Col
Casey Young, of Memphis, two o
the most earnest and steadfas
friends of the enterprise, both o
whom have assured us recently o.
their belief that the road will b.
speedily built when disentanglet
from the litigation which now en-
barrasses it; and our opinion tha
this disenthralment must soon occu
is predicated upon the fact that th
judgments against it represent larg
vestments of capital that are barel
and unproductive while matters re
main in status quo, and can only b
made productive by the completion
of the road under treaty,by its iudg
ment creditors, or it's sale under ex
ecution for enough to satisfy thei
claims. In either contingency tn
building of the read is assured, 70
if sold to third parties to satisfy it
indebtedness to Hamilton & Co., an,
the Indianapolis Rolling Mills, thos
third parties will not invest thei
capital philanthropically for the pur
pose of paying other peoples debts
but with view to building an
equipping the road. If the purchase
is the Illinois Central railroad,
may content itself with building
connecting link to the MississipE
river at Memphis, and seek its Ala
bama coal and iron through branche
of its Canton, Aberdeen & Nashvill
stem. If sold to any other capital
lists or cooperation, it will be pushe
through on the located line. In an
event Holly Springs is certain of
railroad to Memphis, and has n