The Mt. Sterling advocate. (Mt. Sterling, Ky.) 1890-current, 1898-01-04
PROPOSED NEW RAILROAD.
Prom Indianapolis via. Mt. Ster
ling to the Atlantic.

Representatives OF The Ohio River,
Cynthiana g Tide Water Railway
otherwise called the Black Diamond)
met many Of our citizens at the Court
House on Wednesday, evening.
A. Baum presided, and w. It. Hs-
vens acted ss secretary. The speaker
of the evening was Gen, J. G. j. Will
ms, OF Knoxville, Tenn :, chief coun-
sci for the road. lie was introduced
by H. Clay Mckee.
Mr.. Williams is a fluent speaker of
pleasant address and presented the
claims of the road in forcible man
ner. He explained the purpose of The
company 10 construct double track
road from Indianapolis to Port Royal
on the Atlantic coast. AS now pro-
jected the promoters hope to build the
road through Kentucky, crossing the
Ohio River at Ghent, KY, passing
through Cynthiana, (probably through
Mt. Sterling) via Irvine, fSarbours-
vile, near Jelico, Tenn, through the
Carolinas and Georgia 70 Port ROYAL,
S. @. He gave an account of the
wonderful resources of the country
through which the road win run, as.
sured his hearers that with this road
through our town freight rates would
be reduced, that the company would
be reduced, that the company would
guarantee to deliver coal in our town
at 45c per ton instead of 90e, the pres
ent price; that passenger fare would
be &c mile, and that an era OF man
utacturing prosperity would attend
the entry of the Black Diamond.
The main line is to be tapped with
branches leading to important cities
in Indiana, Ohio and some of the
Southern State. In Kentucky on the
main line the survey has been made
from Client to Cynthiana and corps
of engineers is now surveying
branch line from Cynthiana to Column
bus, o.
Col. Doone, the controlling or NOV
ing spirit of this great enterprise, has
adopted novel plan for the building
of the road. He recognizes the i'm
portance of having the good will and
cooperation of the people along the
line. In brief the plan is thus: He
asks that by voluntary contribution
the people of this town and county
contribute $4,000 to be expended in
making surveys and securing the righl
of way. When the franchise is TIN s
perfected on the entire line the sub
scribers to this fund in each county
will own this franchise in that county.
When the entire right OF way is Sc
cured the company issues bonds TO
secure money for building the road.
When this money is secured the COM
pany returns to the subscribers of tho
$4,000 the amount contributed ol
each with interest, then complete
the road. A subscriber TO The fund
gives his note payable to VIM. Moth
cult, Of Cynthiana, Treasurer for said
road. One-ftth OF this note is due ia
ten days from delivery of note to the
company and one-ffth every thirty
days We are informed that the peo-
pie of Harrison County have contrib
uted the sum of $4,000 ON these con-
ditions. Much more could be said
but this is, we suppose, sufficient TO
explain what is desired.
At the conclusion of the speech the
chairman appointed committee of
twenty-five men, who will take the
matter in hand, to confer with the Of
Gals and to ascertain what our people
think of the project. Mr.. Williams
had an informal talk with several
gentlemen at the National Hotel on
Thursday, but nothing definite was
decided upon. If the project receives
the hearty support of our people, we
will have representative on the
board of directors. Money contribu-
tions will be paid out by the board of
directors, A representative OF the
road expects to be here this week.
Mr.. Williams was accompanied by
j. T. Simon, Commemorative Attor-
ney of the 17th District, VIM. North
cult, Treasurer, DIR. t. B. Smith and
J. w. Maddox, directors, all Of Gym