Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1883-05-27
THE ERLANGERS
Not Dead or Sleeping But Alive, Awake
And Working Hard 10 the
sunny Soatb.
Something Of the Vast Amount OF Capt..
tai They Have IsVssted and
Will Further Expend.

The Erlapg5r syndicate OF England hat
has cent its iore'gu sgeUi, Mr.. Ehss. SehIt
to this couniry to lUsPC CT lie Toscs, and see Il
more capital cauuol Be pEoHtRssy invested
in the South. He is at present engaged in
making thorough examination OF he vari
ous roads under the N management OF General
Mansger John Scott, of the Cincinnaii
New Orleans and Texis Paeihc railroad. A.
result Of his investig aiious, ne declares is
resdIness to increase the investment to Sl5,-
100000, which, he says, ls profitable
one, if his present opIn,on remains uu.
ehsnged after more Thorough examination
Of the roads under Mr. Scolts management
HE company, he add, has plenty Of capital
waiting fOy investment, and go far from
being in shsky condition the syndicate he
represents coniemplates future expenditures
IN other directions as vast as those already
made. Sevepty-two miles OF track have
been laid on the New Ofleans aud North
eastern railroad, and the work is
row progressing at the rate of ; q
nile day. The prospect Is good
for commission OF the line from Meridian
10 New Orles0s BY next September. Tn.
track east OF Jackson is being strsightensd,
and forty.fi7e miles Of new Eteel rails viii
De laid. An irou bridge will also be built
over Big Blsck river. The work on the
Vicksburg, Shreveport and Pacific road is
beiBg pushed with the greatest speed, and
work all over the Ices controlled oy q e
Erlangers is going forward with the greats st
rapidly. As another proof of tue solidi,y
OF this company aud the magnitude of =
Investments, the following interview is
copied from the Cincinnati Enquirer:
Il suppose you are aware of the fact, then, that
John Scout, president of the Cincinnati, New Or
Engineer Bouscsren, Master Mechanic Meehsn
and Charles Scnif of the changers banking
house, has gone South over the roadF'
The railroad editor admitted taat ne was ava
We'll, what do you suppose they went for?''
1t was given out that they had gone on q tour
$50 they have, and while they are Inspecting they
viii take look at he Memphis and Charleston
road, and in all probability you will that road
added 10 the Erlanger system in the near future.
Charleston road because live in Nemphis. and
an stockholder in the road. It extends from
memphis to Chattanooga, or the road itself, more
and from that point TO Chattanooga, a distance OF
miles, the Nashville, Chattanooga and
st. Louis road, which is leased by the Aemph is
and Charleston between those points is used. The
acquisition OF the Memphis and Charleston by
the Erlangers would give the Cincinnati. New
Orleans andTexas Pacific route 10 Memphis from
CINCINNATI by way of Chattanooga.
This route would be longer thsn by way Of
Nashville over the Louisville and Nashville road,
but still it would be good route, and doubtless
prove valuable feeder 10 the system. The road
winch Is 5lO miles IN length, Is now ODerated by
the East Tennessee Virginia and Georgia, under q
lease which does not expire until 1897, but the
stockholders are dissatisfied with the lease, and
have offered 70 lease the road to the Cincinnali,
New Orleans and Texas Pacific folks. In fact
they have made proposition which in all p;obl
bility will be accepted"
How about the lesse held by the East Tennes-
see, Virginia and Georgian
why, that IS easily fixed. There are certain
technlcalIues that were not complied with, and
some other points that make the lease held by tn
company not worth the paper 1t is written on.
the country. Having consolidated the Iron Noun.
tain and Wabash and several other roads he is now
after the East Tennessee, Virginia and Georgia
which he intends including in the system, which
Will make an aggregs te of about 1900 miles oi
road. In fact it is said he has already purchased
from the Seney syndicate 1000 shares of common
and % 600 shares OF preferred stock 81 coo 900 o
first mortgage bonds, and about 81 600 900 of in,
comes. Gould proposes to lease the Esst
| Tennessee, Virginia and Georgia for 80.
years to one OF the roads in the Souh
| made if sgreeabie to both parties. II Gould Sc
cures the Est Tennessee, Virginia and Georgii
without tie Memphis and Charleston, ho will bsy,
no way OF Connecting with 1t excepting over tn,
Louisville and Nashville from New Orleans I,
Calers, Ala or from Shreveport by the Shreve
port and Pacific aud the Vieksburg md Merid
IAN, His own liues run into Memphis, bu
he has no way of getfirg oct and con
meeting with the East Tennessee, Virgini,
and Georgia excepting by the Memphis am
Chatleston, or by building q line of his own, o
ctnnau, New Orleans and Texas Pacific, as hay
stated. told you when started 10 talk that
would tell you something and have, and yol
viii ind out that what have told you will com,
| to pass must leave you now, but if ever yol
come 70 Memphis be sure and call on me-"