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.

"These liberal subscriptions by persons who have carefully investigated
the subject afford conclusive proof that they consider the project not
only a feasible one but one that offers to the Capitalist an opportunity
for a profitable investment of funds. They have doubtless taken into
consideration the peculiar advantages of the country in which the road
will be located. * * * It is impossible to imagine the full extent of
the varied mutual influences which the prosperity of this section of the
country and the Rail Road will exert, all tending to the convenience,
wealth and happiness of the community. * * *

P. S.--At the closing of the books at two p.m. on Tuesday, the following
additional subs