Lancaster daily intelligencer. [volume] (Lancaster, Pa.) 1864-1928, 1886-03-05
THE READING AND cHEsApEsKE RAIL
ROAD.


Col. s. L. Fowler has again been elected rrcsi.
dent of the Reading ana Chesapeake Coal and
Railway Company. As he was the originator
ana protector Of the enterprise and prepared
most OF the important papers, and wrote the
contract for building the read which passed
and stood the criticism OF the ablest New /
York railroad attorneys. this Il a well
merited compliment. The Colonel has certainly
been fortunate and has shown excellent fore
sight in being able to have associated In the en'
terprise such number of practical, solid busi-
ness men to constitute the Board of Directors
of the company for the ensuing year. lssd, az the
following:
Presidents. l.. Fowler.
Treasurer-,Iohn Adam Burger.
secretary-Franklin sutton.
Directors-Henry Baumgardner, John Adam
Burger, S. I. Davis. John W. Il. Bausmsn. Isaac
McHose, Reading; r. Billingfelt Chas Rhodes
Henry Burger. John Sutton.
| The Directors have displayed good Judgment
| in the selection and choice of the committee
who are to visit New York in the interest of the
| finances of the company. which is constituted
| as follows; John Adam Burger, John W. Il.
Bausman, Henry Burger.
They are three among the best representative
| citizens of Lancaster. Those of our citizens,
who are interested in the successful building OF
| the road will be grstifed TO know that Messrs
| Burger and Bausman are. by the stockholders
| and directors, vested with full authority to ne
| gotiate and close the sale of the bonds of the
| company and put on solid basis all matters con
nected with its present or future financial bust.
ness.
| For this purpose the committee will visit Mus
| grove & Co. bankers also Mr. Halsted Presi-
| dent of the Chambers street National Bank,
| who are financially interested in the company
| and also interested In the successful building of
the road.
There has been already expended on this en-
terprise by the company over 900 in survey
| ing and marking he route of the railroad and
| In other expenditures, not one dollar OF which
has come out of the pockets OF, or has been fur
nished by our citizens. This large outlay o:
| cash is guarantee of good faith and an evi
| dence that our New York friends are in earnest
and mean to build the railroad. They
| now ask that our citizens will coore
| rate with them to insure The
| success of the enterprise. We are authorized &c
| say by New York friends, who have furnished
| all the cash, that the road will ultimately bt
built. All the stock of this company is owned
, | and held by few persons. There is no stock o
the com pany FOR sale nor " i'll any be offered oI
sold until the money il secured on the forty
| years per cent bonds to insure the successfu
carrying on of the enterprise. The policy OF tht
present Board of Directors is to hold all The
stock to pay the contingent expenses OF tn,
| company SO as to keep and hold its credit up t.
| solid financial basis.
whenithe roads from Reading to Carpenter:
, Point on the Chesapeake Bay and from Lancas
, tor to New Holland are completed and the Stras
burg railroad is meig ged in and formed part OF
, the main stem, they will bo Invaluable aud i'm
ing systems ofroads. The coming report from
| the Company's committee to New York will b,
looked for with considerable interest by our cit
liens, but more particularly by those owning
properties along the projected route The build
ing of the road will add over one million d3llar
in value to the lands and property on the route
and very materially aid in building up and ad
: largely to the prosperity of New Holland AM
strasburg. The directors being composed Q
| practical business men, have certainly taken
= | proper outlook. Capital is plenty an
D cheap, all Kinds of railroad material and Iabo
can be got on the best and most favorable term,
The directors see that now is the favorable tim
- to build their road. which, when completed, wi
, give such increased value to properties an
= large conveniences in travel US will be wort
: | more to the county and her citizens than III
. original cost of construction.
y Carpenters Point, the southern terminus
s this railroad, IS among the most valuable mar
9 time fronts on the eastern water. 1t opens d
9 recty the vast commerce of the Chesapeak
y Bay, which is increasing rapidly, under III
y impetus OF The southern railroad systems te
minating at Norfolk, Richmond and Baltimor,
o 1t has depth of forty feet OF water, admittin
the largest sen going vessels TO fioat at Its dock
and wharves with perfect ease and security.
Therefore. railroad possessing such terrnin:
y facilities, must quickly commend Itself 10 an
be sought by the other great systems as Il desil
I, able connection and an advantageous Quite
while to its possessors # offers an invaluabi
} | franchise.