Arkansas State Gazette And Democrat

The Rail Road project, in Hot Spring Co.

The following is an extract of a letter to the Editors, from an intelligent gentleman in Hot Spring county, who, we are pleased to find, is taking great interest in our Rail Road project, and we are gratified to find him succeeding so well in obtaining subscriptions for stock:

Hot Springs, Ark. Dec. 1, 1851.

"I received a subscription paper for Rail Road Stock, a few days since, and, on Saturday, I got one thousand dollars subscribed, by ten individuals which was better than I anticipated. The fact is, with the right kind of people to take the papers about, I am confident that sufficient money can be raised to build the road. It is my opinion, that it would be well, in sending out the subscription papers, to send with it a letter of instructions, requesting whoever takes the paper about, to explain to the people that the amount of stock is not to be called in all at one time, but will only be called for in small installments—say about ten or twenty per cent. per annum. Now, when I talked to a man about subscribing $100, at first he would have nothing to do with it; but, after explaining the matter to him, and assuring him that he would only have to pay about ten or twenty per cent. annually, I found but little difficulty in getting them to go in. The fact is the people take more interest in the matter than I expected, and I have no doubt that money sufficient to make a rail road from your place to White river, will be raised without much trouble. Many counties will, no doubt, take stock, to the amount of their internal improvement fund. Subscription papers should be sent to every post office in the State, instead of one to every county. I think at Rock Port, would be a suitable person to send a paper to. Several thousand dollars ought to be subscribed at or near Rock Port. I expect to get at least two thousand dollars here, and all good men. I don't ask any others to subscribe."