The morning news. [volume] (Savannah, Ga.) 1887-1900, 1888-07-18
TOBEBUILTINTWOYEA
THE ATLANTA, ATLANTIC AND
GREAT WESTERN SCHEME.

jury l. ISSO-A big steamer LING
! Projected
| 1t is certainly a far reaching enterprise
which Col. George T. Fry Of Atlanta is at
work upon, and the vigor and dash which
has characterized his efforts thus far would
| indicate that such word as 'faii' is not
recognized by him. Col Fry is pres lent Of
the Atlanta, Atlantic and Great Western
railroad and navigation company. He was
in the CITY yesterday on business connected
with his company. In an interview with
MORNING NEWS reporter he went quite
fully into his plans and purposes, and the
progress that has thus far been made.
MY attention has been called, he said,
''to paragraph in the railroad column Of
Monday, MORNING News to the effect that
the Atlanta, Atlantic and Great Western
railroad is TO be built by a construction
company of wdich Gen, Fitz gerald Of New
| York is president. and that the bonds We're
bought by Gen. Fitzgerald for tho benefit
of the Equitable life insurance company
his IS mistake. The paragraph | think
came from q very brief personal interview
| had With a gentemaI WHOM / did not
know in Augusta last 81 urday. The gen
tlemGn asked me who is the 'NcrCa Ttile
u uNl Ntii ldiiA hIl TGtACQ lIid1 ~ IN "a COT
poration organized under the laws Of New
York, Of which Gen Fitzgerald is pres-
dent, and his business is to control and
manage all trust properties, railroads in
| Cluded In this case the Mercantile trust
| company is simply the trustee for the pur-
| chase or the bonds of the Atlanta, Atlantic
and Great Western railroad and navigation
company
Col. Fry says, however, that he has been
info u hat
pany was primarily organized for the pur-
pose Of handling and investing the moneys
of the Equitable life Insurance company.
THE MONEY ALL RAISED.
you have raised the money, then, to
build the road! Col Fry was asked. and
his reply was that he negotiated $4,000, 900
in bonds of his road on May II,
and his usncsS in Savannah
nov is to record the mortgage in the
Office of the clerk of the superior court of
Chatham couty The mortgage has already
been filed for record in all the other
count through which the road will pass
excep' Efing am, Butts, Washington and
Henry counties, which will be done this
week Col. Fry left last night for Spring
| field The mortgaga will therefore be re
corded in the following counties: Chatham
Efling ham, Screven. Burke. Jefferson.
Washington, Hancock, Put"am, Jasper.
Butts, Henry, Clayton, Dekalb and Fulton.
The mortgage is a printed pamphlet of "a
ages. III which the Atlanta, Atlantic
and Great Western railroad and navigation
company on July l, 1888 IN consideration
of the purchase and to secure the payment
If S3.OJ0,0Q0 in per cent. gold bonds, due
thirty years hence, interest payable
semi-annually in New York or
Atlanta, have mortgaged to the
Mercantile trust company al roadway con
structed and to be constructed or located, or
that may hereafter be located betw. en- Sa
vannah and Atlanta through tde counties
mentioned above; and all the lands, tracks.
rOadwavs AMI tenementS, rights Of way,
terms and parts of terms, agreements. cove
nantS and contracts Of any and eve V kind
acquired and to be acquired by the said line
of railroad.
The bonds are being engraved by the New
York bank note company, and are to be
finished by July % Col. Fry president of
the road, with john n. Bradley, secretary.
will pass through Savannah next week Tor
New ork, where they will receive and sign
the bonds and Will turn them over with the
certificates of the clerks of the superior
courts that the mortgage has beon duly re-
corded, to the Mercantile trust company for
the benefit Of the purchasers.
THE SURVEYS IN PROGRESS
Col. Fry was aSlltd what progress is now
being made, and what are the plans of his
| company. lie sad that Col. William H.
! fryorN corps OF engineers Is now surveying
ana locating Jhe road between Atlanta and
Eatontoh' ana VIII reach katonton about
July -. Nhea the survey and location Is
completeI % Eatonton, all maps, profiles
| and estimates will be made ~, and the
work put unde" contract by Sept l. to be
| completed ana trains running by July l,
! 1851 heh the survey . Eatonton Is com
! pleted, corps OF engineers will be nut to
| word between there and Savannah. the
! survey 10 be completed by Oct l The plan
Is to push the roa through, and have trains
! running from savannah TO Atlanta by July
! /, $40.
! III we come via LOUISVILLE said Col
! Fry, 'our ROAD VIII be -lO miles long; if by
! NayntSu)ro 81 i1l'"N As the road is
| bohde.l Tor Only ;" JnOJJ, by tae longest
/ route II Is only $1,000 per mile, and the
mortgage VIII Mt cover the rolling stock of
| the road.
company come lnf'
BIG SAvIGATiON SCHEME.
"To answer this oua.tio., ~ ro,,,,od ,,ol
FRY sis to show ON thnt +ba ro,iI Lot,,.',''
savannah and AtlnI,ta is only I,art ~ ~
system which Is % .onnent S3v, ,aS ,,. ~
! tLe west and uorthvva.t TIC nbiaot,f 49,. ~
nroiactors and Inildars Of tba oi ', -.
! drsi connele tbe lino tvaor 49,, 20 20
! cities of Tieoryil inland and ~ t,o ,4ioi
! hoard At Atl,n,a IN r1,,1,oo, "a
wy ~ . Va w, 'e". ga aLu Marlett a