The Newberry herald and news. (Newberry, S.C.) 1884-1903, 1888-11-22
THE TERMINAL AND THE SOUTH.
News and COurier.l

graphic letter from New York, which
will appear in the Constitution of to-
morrow morning, Mr.. John H. Inlnan,
president of the West Point Terminal
Company, thus outlines the policy of
the new combination:
'Many inquiries having come from
the. South relative to to the plans and
purposes of the Terminal Company, I
take the liberty of making the follow
ing statement: AS soon as practicable
we expect to establish in the State of
Georgia special bureau to take cogni-
zance of and deal with any new enter
prise that may be projected along the
the lines of the Terminal system, and
by every means in our power to. stimu-
late and develop the industrial growth
of the South. My honest opinion is
that by these means the country and
the railroads will receive a mutual
benefit, for nothing is truer than the
fact that whatever benefits the country
benefits the railroads, and that the
true growth of each is along parallel
lines.
REASONABLE PREJUDICE.
II recognize the fact that there is
reasonably much prejudice against the
unifcation Of the different Southern
systems, the idea prevailing that they
are beng compacted into vast mono
poly which will overshadow the coun-
try and drain it of its substance. This,
1 think, however, is mistaken idea,
and especially mistaken idea as to the
management of the Terminal property,
for it is in the hands of men who have
the mutual interest of the railroads and
the country at heart. Besides the peo-
pie are protected by the different States
commissions and the governmental
commission, and have their remedy
should any abuse prevail. 1t can be
easily demonstrated that by the closer
unity Of these railroad systems better
service can be rendered, expenses de-
creased, rates cheapened and the gen.
eral prosperity of the country better
served.
NOT A CRUsHER OF NEW ROADS.
"It is not true that the. Terminal
Company is endeavoring~ ~Eo>yush out
the building Of railroads, and it is espe-
ciaily untrue that we haveany purpose
of trying to secure, either by purchase
or lease, the control ofthe Western and
! Atlantic Railroad, the property Of the
State of Georgia. There is room for all
and the growth and development Of the
country will soon justify the building
of almost any railroad that comes into
existence. Feeling as doin this matter,
and feeling my ability, aided by the
gentlemen with whom I am associated,
to be of important service to the South,
1 think We are entitled, at the hands of
the. people, to fair trial in carrying
out undisturbed our plans for the
development of the country, recogniz-
ing their right to complain or remedy
anything that may SAVIOR ofinjustice or
has even the appearance of oppression.
GAS [ have said before, it is our pur-
pose, through the agency ofthe roads
controlled by the Terminal Company,
to try to build up the industrial IN
terest ofthe South, both in agriculture
and in manufacture. I am especially
desirous, not only on account of my
interest in that country, but on account
OF the ultimate interest of the railroad
system to build up manufacturing,
which means to build up the interest
of the railroad transporting their pro-
ducts, so that l am anxious to accomp-
lish these results along the lines con-
trolled by the Terminal Company.
COAL AND IRON INDUSTRIES.
ut is intimated that the one corpora
ton of the Tennessee Coal and Iron
Company, situated on the line of the
Louisville and Nashville system, with
its ten iron furnaces and its immense
ore, coal and coke business, requires
the transportation service of half as
many cars as are required to transport
the entire cotton crop Of the South from
the interior shipping points to the sea-
board, and this corporation is only an
example of many similar industries
springing up in Tennessee and Ala
bama. What has been done in these
States can he done by building up other
and more varied industries in the States
of Virginia, North and South Carolina
and Georgia, and the field in Tennessee
and Alabama is as yet only partially
developed.
ADVANTAGES OFFERED.
IT expect very soon to have a consul
tation with the heads Of the Richmond
and Danville, the East Tennessee, Nir-
ginia and Georgia and the Central Rail-
road systems, to offer special induce
ments in the way of side tracks, short
branch roads long term contracts and
cheap freight, and to endearor in every
way possible to stimulate the erection
Of new manufacturing plants and the
building up and strengthening of those
already in existence, also by lowering
immigrant rates and to make induce
ments for settlers to come in the South
and help build her up"
1SMAS's CHECK FOR NEARLY FOUR
MILLION DOLLARS.
New YORK, November l5.-The big
gest check that Wall street has seen for
long time was to-day drawn 70 the
order of the Central Trust Company Of
! H~.J- o,,I ciupa5 Inv President