Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1881-07-15
THE Holly Springs Rail-
WAY
VIII be BHilt aud In RunniuI
Order q Few Months Hence. Y

~R'N-6o 40 w 10 puAAet ohA Vhae quiCA-
", very quickly.
1t is to be broad or standard gauge
road, and the cars are to be run
ming in time to haul off the
next cotton crop. There is no doubt
about this.
The great Partisan banker, Erlan-
ger, whose vile is the daughter of the
late Hon. Jno. Slidell, of Louisiana, and
who has large railway interests in the
South, represents syndicate, of
which he is tie head, an | the capital
of this syndicate is unlimited. The
party, through its representative in
this country, Mr.. Fred Wolfe, is now
sole owner Of the route from here to
Selma, Ala, and on straight to Bruins
wick, Ca, on the south Atlantic
cost. The purchase of al the
movable property along the route,
the railways complete and.incomplete,
has been fully completed, and Mr..
Wolfe expects to have the cars run
ming through from this city to the sea
in eighteen months. He allows him
self three years to do the work, but
will, if money can accomplish it, have
the road done by the spring Of 1889.
Mr.. Wolfe is railway man of energy
and experience, and he means business
and very active business.
Yesterday an experienced railway
man, Major Wexford, just from New
York started from this city over the
line toward Holly Springs and the
Alabama boundary. He is to be
back here by the 18th inst. with re-
port Of the condition of the route, its
resources, population and prospects.
By that period Mr.. Wolfe will be
here to organize his company and be.
gin the work of construction.
The parties in interest here some
time ago, represented by Major Busby,
have sold their entire interests, stock
and all, to Mr.. Wolfe, and the latter
has appointed Captain VIM. H. For
rest his agent and superintendent,
subject to the approval of the Board
of Directors when it is organized. In
mediately after its organization force
of laborers will be set to work, and
there wi be no let up.
The syndicate represented by Mr..
Wolfe are now owners of the route
from Vicksburg TO Shreveport, and
are hard at work building the unfn-
ished part between Monroe, La, and
Shreveport, 80 miles in length. When
this is finished, a continuous line will
run from Meridian, Miss to Shreve-
port, connecting the Texas network Of
railway with the south Atlantic. A
Survey Of a route between Meridian,
Miss, and New Orleans direct is also
in progress, with view of making a
straight line of railway between New
Orleans and the south Atlantic coast
The fact that the South offers a
fine chance for large capitalists to in
vest their surplus money in railway
enterprises that promises to yield lib
eral returns, and that no such oppor-
tunity is offered North owing to the
steep values of all railway securities,
is the inducement which has caused
the Erlanger Syndicate to purchase
the line from here to Selma, as well
a, Others to connect with it.
The condition of the South, finan-
cially, agriculturally and politically,
is so propitious that these far seeing
capitalists are confident in its future,
and they have taken advantage of the
opportunity to purchase the various
Southern lines recently on the market
with the intention of completing and
operating them, as we'll also as to de-
velop the country through which they
pass.
| Another scheme contemplated By
the Erlanger- Wolfe combination is
the construction of mammoth car
building factory, either here or some
where between here and the Alabama
line. The town of Aberdeen recently
offered liberal inducements for the
site to be located there, but the site
| will not be determined on until the
other and more important work Of
constructions under way. The i'm
mense demand for all classes Of cars
has overrun every Northen factory
with orders beyond their capacity to
supply for many months to come. The
heavy supply Of idle capital in this
and foreign countries, the lack Of EN-.
ployment for it, and the desire to take
advantage Of the superior facilities fol
this industry in the South, is the in
centive to build mammoth car fac
tory here, or not far away.
The way it looks the entire South
will be covered with net work Of
railroads ere another decade has
passed, and this city will have
full share Of the system Tho
rich prairie region Of eastern Missis-
sippi and the fine mining country il