Lexington and Ohio Rail Road Company -- History; Louisville and Nashville Railroad Company -- History
discussed the question at public meetings, sent a man to England to
obtain all available information concerning it, and with a push and
energy which would startle the town today, they set to work to obtain a
charter from the Kentucky Legislature, then in its session of 1829-30,
asking for a railroad from Lexington, Kentucky, _to some point_ on the
Ohio River.
* * * * *
The Reporter for February 3rd, 1830, _just one week_ after the Charter
was obtained, had the following article: "As considerable interest has
been excited in this community on the subject of Railroads by the Act of
the Legislature authorizing the formation of a Company to make one from
this town to the Ohio River, we have copied into this paper several
articles going to show their immense utility and importance.
However great the advantages of Railroads may be to any country we are
convinced that there is none where this beneficial influence could be
more intensely experienced than in this section of Kentucky."
* * * * *
Then follows a notice calling attention to Section I of the Charter and
asking that subscription books be opened. On Monday, February 8th, 1830,
_just eleven days_ after the Charter was obtained, the books were opened
at Brennan's Tavern from ten a.m. until two p.m. on five successive
days. And in this incredibly short space of time the money was raised
by those public spirited, enterprising men. What a magnificent
achievement!
Digressing a moment here, it must be remembered that Brennan's Tavern,
which plays so conspicuous a part in this history of the railroad, was
none other than the famous old Postlethwaite's Tavern, known to us as
the Phoenix Hotel, which has been making history for Lexington since
1800. At this particular time it was leased and conducted by Mr.
Brennan, and so took his name for the time being.
* * * * *
In the next issue of the Reporter, February 10th, 1830, we find:
"Agreeable to the notice published in our last, the subscription books
for stock in this company were opened on Monday last, and before two
o'clock p.m., the amount of stock subscribed was for $204,000. We have
procured the following list of the names of the subscribers with the
sums subscribed by each respectively, which we publish by way of showing
to those who are yet in doubt as to the practicability and policy of
this work, how the subject is viewed by men of practical experience."
Then follows a list of twenty-two subscribers.
Public-domain text, read in full here on John Shaqi.
Reviews
Reviews
No reviews yet
Be the first to share your thoughts on this work.
Join the Discussion
Join the discussion
Sign in to leave a comment or review.
Sign InorCreate an account