Clarksville weekly chronicle. (Clarksville, Tenn.) 1873-1890, 1886-08-21

Respecting the great danger OF Injunction
suit OF the Louisville q Nashville, Mr.. DAN
lei. attorney for the local subscribers. had
stated 70 me that In his opinion the inlunc-
ton would be sustained, and my own attor-
neys seem doubtful as TO the result In case
OF an unfavorable decision 10 us, ruin stared
us in the face, and probably a total loss OF
the money invested In the road by the sub
scribers and myself and without securing the
completion Of the road.
Immediately and Unexpectedly, up 10 that
very moment, took time by the foreloclk
and entered into negotiations for the sale OF
my stock, but the purchasers Will bear me
out In the assertion that most positively re-
fused 10 entertain any proposition which did
not protect the investments of local subscribe
ers to the fullest extent and secure not only
the completion of the road to Princeton, but
q change of gauge from narrow to a stand
ard gauge. The results are that instead OF
local subscribers losing the amounts they
have invested, as is nearly always the case In
similar enterprises, the purchasers are firmly
bound TO pay promptly the full amounts
paid in by subscribers, If subscribers are dis
posed TO take advantage of this valuable
privilege by sale and transfer OF their re-
spectiYe interests In stock and bonds prior TO
the LIST of October next. In addition the
gauge Of the road is to be changed and the
line completed to Princeton by q given date
N the near future.
submit that, so far from this sale being
effected by compromising the interests OF
local investors In bonds and stock, there is
no parallel case in the county where a COM
munity has obtained and will obtain such
great BENEFITS without having cost large sums
of money. In this case they have secured the
construction Of fifty-seven miles of road,
traversing one oil the finest regions of Ten
nessec and Kentucky, all by the loan OF
about slO5,OOO, including the subscribers OF
Princeton, KY, to whom this is far more
advantageous than any other which could
| possibly be effected.
Besides all this, while there is large ma
jority of the citizens of GAINESVILLE who ear
nestly desire to see the road built as COM
petlng line, which purpose have steadfastly
sought to accomplish until forced to abandon
1t, there is also q very large and respectable
element among the most extensive business
men in the place, who.recognize the truth Of
the statement made by the Louisville &
Nashville management that If competing
line is built the Louisville & Nashville rail-
road would Immediately divert very large
bulk of the enormous tobacco trade of that
place, and build up instead Russellvllle Oh
Bowling Green. This point was very strong
ly urged upon me, and while, confess, 1t had
never impressed me before, still l was con-
WINGED last Friday that there was o great
deal of force in this argument, and that II
would be made effective If ever occasion re.
quired it. AT all events neither the sub
scribers to the bonds of the Indiana, Ala
bama & Texas railroad nor the citizens have
anything to complain OF, for now they can
reinvest their money in another line of road
If they choose, and, if possible by this means
and by voting the proposed tax issue of city
bonds, secure the desired competing line
but they will hardly again probably be able
to invest their money In another road and
get it all back in two or three years, and Al
the same time secure the construction of the
road. submit to discerning public tn,
question as to whether the rights of the sub
scribers and citizens have not been fully pro
tected by this remarkable sale.
E. C. GORDON.