The Morristown gazette. [volume] (Morristown, Tenn.) 1867-1920, 1884-05-21
TIE CAROLINA, CUMBERLAND
~aNfwrJ3 A a. ~ FTJFTfTA BROAp #l

and sd instants in. the. -intsrest. of
the Carolina, Cumberland Gap and
Chicago railroad. The Press and
Bonner does Hnot know the partic-
ulars, from which these gentlemen
seem 50 .hopsflli as 20 the building
of this great railroad, yet their evil
dent beliefin the finalsuccessiof the
enterprise is assuring TO those with
whom they talked. Of late cur peo-
pic had bogun. TO dospond because
of hope deferred, but as soon sas
these gentlemen came TO town, the
fact WAS, nCised abroad, and our peo-
pie were anxious toubear anything
apoh which they could renaWItheir
hope for,the completion of the road.
Without any definite knowledge as
to actual fact, We believe that our
people would be ready Mt any time
TO contribute as libersIly to- the
work 49, heir1 means would allow. I"
In an interview with Gexs Hagood,
on the occasion, a reporter OF the
Press and Banner elected the fol-
lowing y SUI = ''' aG
I Reporter@f have sought yon,
General, for the purpose Of getting.
such information for the public rs
YOU may feel disposed TO siEs touch-
ing the present prospects of the Car
DINA, Cumberland Gap and Chicago
railroad in which the fiveliest inter,
est is still felt. 3ss9i - iE9t
u General Hagood-The financial
agent of the company Dir. Schsfield,
Is at present engaged in, negotiating
in England with reliable parties for
the purpose Of procuring the means
necessary to build the rOadadThe
undertaking is one Of vast magni-
tude, and the operations have nee
'essarily been slow Capital is al
ways cautious. You will readily
understand why rove move slowly
when You reflect that the nesota!
ton is for placing at once. near two
million dollars and potentially the.
raising of four Or five million more,
Reporter hat progress isl he
making in. the .negoiation2 AZ
General Hagood-He has been
for over IL months actively en- gag
Cd in faiiyland clearly laying before
capitalists there the meritsi of our
scheme; this, of itself has been no
matter of quick accomplishment.
Persons who are lucky enough to
be the owners OF millions do not,
generality except upon the fullest
assurance of safety and profits put
them TAR from, their immediate CON
troll. They have demanded and we
have given to them the fullest and
most minute information as 10 the
advantages md capacities of this
proposed through route across the
mountains; and of every particular
connected with the enc
tsrprise. r' Those representations
have been verified ito them i'm the |
most conclusive manner possible, |
and / am assured by Mr.. S. that his
have passed through
the preliminary. stage yands'have l
the point at which heecons
fdently anticipates an early sue
cess. rf-, ...ft
= Reporter-De you feel at liberty
10 give an outline of the eharactefif
Of his negotiations especially i'm
reference to the relation that our \
1wn people are expected to stand !
.owards the same. DS'n ''l7'l@ ~ 10 /
General Hagood- Our people will
have TO contribute oftheir !
,wn means if r. they expect foreign
capital to be invested in this enter
Prise. In the shape that our nego1
iatiOns have DOW taken it sproba-
ola that the q contract with foreign
capitalists will. be, that they furnish Z
he money and the material stipu-
sted when our people have either
completed certaihpaAS cunt Of work,
n haveoexhibited by their cSntpib- Ii
Itions the neueleus for doing $50. ~
This is but q reasonable assurance
equired by them Of cur faith in the
esults Of eur owA enterprise andof
be necessity felt here for she rnad.
The exact amount of ow, own con
ributisn is still a matter of .nego- |
iation, but / do not feel at liberty
D say chat it is probable that when |
UT people are again called.upon to
ut their shoulders to the wheel and [
id TO the fiffy odd miles they have J
lready graded it will be, With as I
lrance that a binding contract has Z
cen already made for sufficient cap Ii
al from abroad to complete the {
ne. sl3jd DnG srfrqr3ins ID; 9da IL