Colonel Carter of Cartersville | Page 8

my ancestor, suh, General Thomas Wilmot Fairfax of Somerset, England, who settled here in 1680. From here we take a course due nawth, stopping at Talcottville eight miles, and thence nawthwesterly to Warrentown and the broad Atlantic; in all fifty miles."
"Any connecting road at Warrentown?" I asked.
"No, suh, nor anywhere else along the line. It is absolutely virgin country, and this is one of the strong points of the scheme, for there can be no competition;" and the colonel leaned back in his chair, and looked at me with the air of a man who had just informed me of a legacy of half a million of dollars and was watching the effect of the news.
I preserved my gravity, and followed the imaginary line with my eye, bounding from the mustard-pot along the carving-knife to the salt-cellar and back in a loop to the cheese, and then asked if the Big Tench could not be crossed higher up, and if so why was it necessary to build twelve additional miles of road.
"To reach Carter Hall," said Fitz quietly.
"Any advantage?" I asked in perfect good faith.
The colonel was on his feet in a moment.
"Any advantage? Major, I am surprised at you! A place settled mo' than one hundred years ago, belongin' to one of the vehy fust fam'lies of Virginia, not to be of any advantage to a new enterprise like this! Why, suh, it will give an air of respectability to the whole thing that nothin' else could ever do. Leave out Caarter Hall, suh, and you pa'alize the whole scheme. Am I not right, Fitz?"
"Unquestionably, Colonel. It is really all the life it has," replied Fitz, solemn as a graven image, blowing a cloud of smoke through his nose.
"And then, suh," continued the colonel with increasing enthusiasm, oblivious to the point of Fitz's remark, "see the improvements. Right here to the eastward of this cheese we shall build a round-house marked by this napkin-ring, which will accommodate twelve locomotives, construct extensive shops for repairs, and erect large foundries and caar-shops. Altogether, suh, we shall expend at this point mo' than-- mo' than--one million of dollars;" and the colonel threw back his head and gazed at the ceiling, his lips computing imaginary sums.
"Befo' these improvements are complete it will be necessary, of course, to take care of the enormous crowds that will flock in for a restin'-place. So to the left of this napkin-ring, on a slightly risin' ground,--just here where I raise the cloth,--is where the homes of the people will be erected. I have the refusal"--here the colonel lowered his voice--"of two thousand acres of the best private-residence land in the county, contiguous to this very spot, which I can buy for fo' dollars an acre. It is worth fo' dollars a square foot if it is worth a penny. But, suh, it would be little short of highway rob'ry to take this property at that figger, and I shall arrange with Fitz to include in his prospectus the payment of one hundred dollars an acre for this land, payable either in the common stock of our road or in the notes of the company, as the owners may elect."
"But, Colonel," said I, with a sincere desire to get at the facts, "where is the Golconda--the gold mine? Where do I come in?"
"Patience, my dear Major; I am coming to that.
"Fitz, read that prospectus."
"I have," said Fitz, turning to the colonel, "somewhat modified your rough draft, to meet the requirements of our market; but not materially. Of course I cannot commit myself to any fixed earning capacity until I go over the ground, which we will do together shortly. But"--raising the candle to the level of his nose--"this is as near as I can come to your ideas with any hopes of putting the loan through here. I have, as you will see, left the title of the bond as you wished, although the issue is a novel one to our Exchange." Then turning to me: "This of course is only a preliminary announcement."
THE CARTERSVILLE AND WARRENTOWN AIR LINE RAILROAD.
THE GARDEN SPOT OF VIRGINIA SEEKS AN OUTLET TO THE SEA.
CAPITAL ONE MILLION OF DOLLARS, DIVIDED INTO
50,000 Founders' shares at .... $1000. each 5,000 Ordinary " " .... 100.00 "
BONDED DEBT FOR PURPOSES OF CONSTRUCTION ONLY.
ONE MILLION OF DOLLARS IN 1,000 FIRST MORTGAGE BONDS OF $1000.00 EACH.
FULL PROTECTION GUARANTEED.
The undersigned, Messrs. . . . . offer for sale $500,000.00 of the 6% Deferred Debenture Bonds of the C.& W. Air Line Railroad at par and accrued interest, together with a limited amount of the ordinary shares at 50%.
Subscription books close. . . . . Promoters reserve the right to advance prices without further notice.
"There, Major, is a prospectus that caarries conviction on its vehy face," said the colonel, reaching