The Hickman courier. [volume] (Hickman, Ky.) 1859-current, 1919-05-22
AN OPEN LETTER.
Explanatory of the Charleston. HEX
man 4 Southern X. X. Project.

Mayor \. -. Carufhers has receiv-
ed the following letter. regarding the
Charleston. Hickman X Southern X n.
project. written by one of the promo
tiers. which is self-explanatOry
Il am glad To be able To inform you
that the prospects for the building of
the Charleston. Hickman 4 Suitlicrn
Railroad are progressing nicely. ad
that we are almost 10 the point where
we will have 20 ascertain Just what
encouragement we may expect ia this
project from the people of your city.
During the past month hive
practically completed all arrangements
FOR financing this railroad-a step that
has never before been reached m this
united co-Opcra ton Of the people of
Charleston and Hickman. and those
living along the route of this proposed
railroad. we expect 10 pui 'he thing
through ia short order. The sonpany
which j. financing the project propos-
- to build tine road and turn II ever
To the stockholders when completed
the stockholders To pay them SloD.ouO
uI,nn the completion of the r Jld and Is
she bonds covering the remainder of
II the construction cost. which bonds Ire
n fiuauciers will accept "a a balance bf
n this S1uOOOO we have secured in Char
\ lesion alone over S5OOOO. and or lSeo-
Pile here are expecting that Hickman
raise the balance. since the road would
mean "a much or more To your city as
il will 10 Charleston.
n There are a large number Of peo-
pie living i'm Hickman who own land
IN Mississippi County. and these should
/ and we believe Will contribute 10
bonus fund 10 be- paid To the railroad
I company upon completion of the road
in proportion 10 their holdings. Then
I Hickman will undoubtedly receive "A
goOdly increase in trade from the peo-
! Pile of our county with the completion
+ Of this railroad. and hence we feel that
the business houses of that city should
also be- willing 10 make substantial do
/ nations To insure its construction. Both
Of these benefits will occur whether or
not a car-transfer is established from
the Missouri side into Hickman. hut
I this feature will undoubtedly be estab-
iished after the road i in operation.
ii possible.
II If you or some other of the pro
I gressivc business men of your city
are willing To help Us 10 get this rail
road built we viii mail you our pledge
. forms 80 that these may be signed mp
and we can in this way ascertain just
\ what encouragement we may expect
from Hickman. The forms we are cir
\ culating here are of two kinds. one in
which the signer promises To pay n
stipulated amount as a bonus when the
road j. completed and train operated
from Charleston to a point opposite
or nearly opposite Hickman and the 9th
or i'm which the signer promises To take
a certain amount of stock in the com
pany payable 10 per cent upon incor-
poration and the balance in payments
aS construction work progresses 80 that
the entire pledge will be paid when the
road i completed. To meet the sugges-
ton i'm the last letter we had from you
I'm this regard, IL might be "A good idea
in the ease of Hickman TO have third
agreement. i'm which those who will
contribute bonus 10 the railroad when
transfer service has been established:
could be included. this bonus not to Ice
payable. of course. in the event that IL
i found that a car-transfer cannot be-
probably maintained by the railroad.
Il will be glad 10 hear from you i'm
this regard. and feel that we can count
on you as business man of Hickman
and one interested in the welfare of
your city To help us put this railroad
on the map Ii will take the united
support and cooperation of the people
Interested 10 get this thing through, but
AT present there is no doubt but that
the road will be built if we can meet
the terms of the financiers whom we
have succeeded in interesting in adj
vance in the project"