Semi-weekly south Kentuckian. [volume] (Hopkinsville, Ky.) 1883-1889, 1888-05-18
The L. 4 N. Proposition.

In order that we may be scrupu-
lousy exact and conform to the high
standard of precision which few
people erect, we publish the L. " NJ
proposition oerbatim, as it came from
the pen of Vico.Presidcnt Smith.
This is the first time the exact prop
osilion has appeared in print, and 1t
may be futher modified or amended
before our people are called upon to
adiudicatc the matter at the polls:
LOUISVILLE, KY, May II.
Hon. JoHS FELAND,
HoPKINsvILLE, Ky.
Dear Sr:-Please refer to the in
terview between yourself, Hon. Hun
ter Wood and myself this morning,
relative to the proposed construction
of railroad from Hopkinsville, Ky.
to Cadiz.
In compliance with my promise, l
on the part of the Louisville " Nash
vile II. II. Co., subject TO the approx
al of its board of directors, submit
the following proposition: If the
citizens Of IIopkinsville or other par
ties interested will secure charter
authorizing the construction of a
railroad between TIopkinsville and
Cadiz, and will secure subscriptions
to the capital stock of said railroad
company sufficient in amount to Sc
cure the right of way and to prepare
the roadbed for track laying, /. @.
grade the road, construct bridges,
culverts &c, the Louisville Il Nash
vile r. II Co. will furnish cross ties,
rails, spices, &c, the rails to be of
new steel of not less than fifty pounds
weight per lineal yard will construct
the necessary station houses, water
tanks, and section houses at cost, aud
will accept in payment therefor cash
or the first mortgage bonds Of the
railroad company bearing 7&6 inter-
est, to the extent of $4,000 per mile,
capital stock at par, the intention
being TO give your company the OPP
ton to dispose of part or all of said
bonds to other parties at not less than
par and pay the l., & N. II. II. Co. in |
cash in lieu of said bonds: the Louis
vile & Nashvill II. r. Co. to lease the |
railroad for a term Of
years, agreeing to furnish rolling |
stock and operate the road upon prac-
tically the same terms that it has for |
a number of years past leased and
operated the Elkton & Guthrie road,
which will in effect be furnishing the
rolling stock free of rent and giving |
your company the net earnings de-
rived from the operation of the road.
The road to be operated under the
lease in accordance with the wishes
of your board of directors; the rates
for the transportation of both passen-
GERS and freight between points on
aid road to be fixed by said board of
directors; the Louisville Il Nashville
R. X. Co. to join the proposed rail-
Dad company in making rates be-
ween points on its Clarksville Il
Princeton Div. and lIopkinsville for
he transportation of property the
,ame as those that it may at the same
lime be receiving for the Transports
ton of like kind of property for sim
liar distances between points on said
Clarksville & Princeton Div. and
Clarksville, and to agree for divis-
ion of the revenue derived from such
transportation upon an equitable ba-
sis. would suggest that the reve-
nue. derived from the transportation
of property be divided as follows:
L.&N.R'd Proposed RID
81 miles 4 under sos sos
IS miles 4 under 90 40
Over Is miles 20 80
Should you and the others interest
ed decide to construct the railroad
between Hopkinsyille and some point
on Clarksville IL Princeton Div. Of
the l.. & N. only, the Louisville &
Nashville Il. r. Co. will make the
same terms for that portion of the
road. Yours truly,
NJ. ii. SMITH,
Vice President.