The morning news. [volume] (Savannah, Ga.) 1887-1900, 1888-02-22
NEW ROAD TO THE WEST.
sAVANNAHs OPPORTUNITY FOR
ANOTHER SHORT LINE.


Col. George T. Fry's Visit Here in the
Interest of the Atlanta, Atlantic and
Great Western Enterprise-To Sub
NIT Proposition to the City-What
Col. Fry says About the Proposed
Road - It's Advantages as a Short
Line $50, 5000 in Stock Already
Subscribed.
The presence Of Col. George T. Fry has
created a stir in railroad circles here. Col.
Fry is president of tho Atlanta, Atlantic
and Great Western Railroad Company, a
new line proposing to connect the two prin-
cipal cities of the State by shorter and
more direct line by forty-four miles than
they now have.
A MORNING News reporter met Col. Fry
at the Screven House yesterday afternoon
and called his attention to the feet that the
| MORNING News has been advised through
its special correspondents and exchanges
that he was engaged in soliciting subscrip-
| tons Of stock along the line of his road be-
! tween hero and Atlanta and that it's readers
| would like to know what success he had
met with, what encouragement he had
received, what the prospects are for tho
! building of the road, It's probable cost and
| any other features connected with the
enterprise which would be Of public in
| terest
APPRECIATES THE MORNING NEWS.
Col Fry said that he was glad to meet
representative of the MORNING NEWS. II
| recognize the paper" he said, "as a wide
awake, progressive exponent of Savannahs
daily business lie, and an educator and
| leader of public opinion as we'll | have
J seen several very kindly notices OF
my work in the columns of tho
! NEWS for which | feel not only
| grateful but under obligation to commune
! cafe to il any and all information touching
the prospects Of the Atlanta, Atlantic and
! Great Western railroad"
| SHORT LINE.
1.-The map, or direct line of the road be-
tween Savannah and Atlanta he ex-
! planned, lis 235 miles long Allowing for
! all necessary dehections on account of
| grades and TO reach eligible crossings of
watercoulses tho road when built will be
250 miles in length between these two cities,
which is forty-four miles shorter than tho
! Central, forty miles shorter than the,
| East Tennessee, Virginia and Georgia rail-
| road via Jesup, and sixty-one miles nearer
the Georgia railroad via Augusta. TO build
| and equip tins road will cost in round
numb ers $3, 100000 net cash. When built
| 1t will earn over and above all
its running expenses, taxes, etc, accord
ing to the mou conservative estimate that
can be made S990,944 per annum, or a sum
equal TO "A dividend Of per cent. on Sl2.-
| 00J,0 900. OF course when the road is built
and equipped there will be no such indebt-
| edness in both stocks and bonds as that So
from the roads earnings the company can
easily earn per cent on all the bonds it
| will issue, pay good dividend TO its stock
| holders and create "A sinking fund TO retira
their bonds as hey become due or to extend
their connections rs wisdom may suggest.
INDIVIDUAL SUBSCRIPTIONS.
Continuing, Col Fry said: II have can
| vas,ed the line OF tie road between Atlanta
| aud savannah for subscriptions to our stock,
| but neither of the cities mentioned. NY
success has been gratifying; indeed, think
| phenomenal. nave, think, in slightly gilt
edged subscriptions to the amount of $780,
900, about half of which | have actually in
hand and with mo here in Savannah.
The subscribers to our stock are men
Of character and financial ability.
Among those in Putnam county
are Judges Lawson and Jenkins, Mr.
Evan Harvey, Drs DeJanette, Walker and
Cogburn, Ezzell a. Co., Brown 81 Co., and
many others of like character, with sub.
scriptions running from 81 900 10 $1,000
| In Hancock, Col. James Harris. Mr..
Cawthorn Hunt, Jordan Little and others,
whose subscriptions run from 81, 200 to
$25, 900. In Burke, Maj. w. A. Wilkins
| heads the list with a subscription of $40, 900.
Mr.. Gray follows with 5000 Mr.. Frank
I'm and Mr. Mckenzie follow with SO 900
| each. Mr. McCathern 81, 600, and Fulcher
d Bros. 81, 900. In Scriven county we are
assured of $50, 900, and in Effingham S25, 900.
"Our list of stockholders is in all respects
| first-class. When / shall have obtained a
subscription 90 the stock equal TO 81, 900 per
mile along the entire linz, the money to
! build and equip the road is easily obtaina-
| 4 4 . h., . 4
cured with Savannah and Atlanta yet to
| hear from.
| PROPORTIONS TO BUILD THE ROAD.
"There are pending, " said Col Fry, three
! propositions TO build and equip the road by
| Northern construction companies and capt.
| talists-Of known reputation and ability. [
| am anxious to build the road among and by
our own people; keep all the profits among
| ourselves and after the road is built and
equipped, to keep It's ownership and control
among our own people,"
"Your visit here at this time then, is in
the interest of your roadp
PARTLY" Col. Fry replied. "My first
object was, of course, to bring the subject
directly before the people of Savannah,
and second to witness the unwilling of the
Jasper monument l am here principally
to submit TO the business men Of Savannah
proposition which, if accepted by them,
will insure the end of the local management
and control to which have Just alluded"
LOCATION OF THE SHOPS
When asked where the shops and manage
ment would be located, Col. Fry's answer
WIS: THAT depends, but either in Sava1-
nah or Atlanta, OF course. The road mustbe
built, because we want TO get to deep water
If Savannah business men accept the propo-
sition ! shall submit she will get TIE shops.
If she does not Atlanta will, and the shops
will go there"
.frTt
eve want to begin woZ1 in the early
spring at Savannah, AID prosecute the
work from the Savannah end Of the line;
but all that depends upon the action Savan-
nah's business men may take in the matter"
A Lucky Man Who Gave $4,000 as
Xmas Present.
On Thursday noon Mr.. L. c. Atwood, our
City Treasurer and Manager Of the Western
TT.,sa. fralae,,ayb afioa opponuoaJ tit h..