The Mt. Sterling advocate. (Mt. Sterling, Ky.) 1890-current, 1898-02-15
Mr. STERLING. KENTUCKY.


all admit that the road could pay i'm
mensely from the start, and that al
most every mile of the liue would
furnish its own tonnage. Here in
East Tennessee we have congregated
varied and enormous mineral wealth,
coal, iron, marble, zinc, slate, copper,
kaolin, and various other minerals in
inexhaustsble qualities, and the coun-
try north and south of us is equally
rich in mineral wealth; so that the
road will pay handsomely from the
beginning, and as aforesaid the ques-
ton of Knoxville's guaranteeing in
terest on the bonds is merely nomi-
nal matter, and but the expression of
the absolute confidence of our people
in our boundless resources, and the
belief that the road will pay hand
somelv from the outset; but were
this not the case Knox County would
be justifable in voting 100000 to
guarantee the interest ON the bonds.
On coal alone we would save 1874, 900
over present rate of freights, and on
the various other articles, and mer-
chandise the amount taxed in reduc-
ton of freights would soon aggregate
81 100000 annually. furthermore this
great Trunk Line would enhance the
value of real estate and other property
enormously, and our increased tax
duplicate, and taxes on the road itself
would amply justify Knox County in
voting the amount suggested, even
though the road should not be able to
pay the fixed charges for few years,
which contingency as showed above
is very improbable.
Col. Boone's plan of raising the pro-
noting fund by placing stock at So
per share, causes large number OF
people to become intereeted in the en-
terprise, and arouses public senti-
ment that is irresistible, and sweeps
all before it, and this aroused public
sentiment all along the line is potent
factor in pushing the great undertak.
ing to success. This is why Col
Boone places the promoting stock in
small blocks, and among large mum.
Der of people, rather than in larger
amounts among few. Dover, Rip
ley, West Union, Cynthiana, Client
Vevay, and other points north along
the line, have carefully investigated
Col. Boone, and the resources of the
country through which the road will
pass, and they have all raised the pro
noting fund asked for. Several lead
ing citizens from those points have
visited Knoxville and points along
the line further south, and returned
enthusiastic supporters of the enterprise
South Carolina is ablaze with enthp
siasm. Anderson voted subsidy o.
$4,000 with but one dissenting vote
and is now at work raising a promot
ing fund of $500 per mile, and Port
Royal is greatly enthused and will dc
her part and Intervening points are
rapidly lining up, and all along the
line from the Ohio River and beyond
to the sea mighty irresistible pub
lie sentiment has been aroused, no
only Immediately along the proposed
route, but for many miles on either
side, that is pushing the great enter
prise to early and certain success.
You can rest assured that the roaG
will he built, and that if the condi
tons proposed by Col. Boone arr
complied with, Greenfield will get thu
road, and Col. Boone will carry out
in good faith, all pledges he may
make your people. Under othel
covers will send you some printed
matter, and geological map of Ten
nessee descriptive of the resources o
the country through which the road
will pass.
hope this information will be full
enough to answer your purpose, bu
if yon desire further details, please
advise me and I will be glad to fur
nish same. M. s. Boss,
President Chamber of Commerce.