The Somerset herald. [volume] (Somerset, Pa.) 1870-1936, 1888-07-25
THE sourH PENN IS a co.
The Board of Olrectorsto NDet Soon
to Decide Upon the Details
of Construction.

. I Afffl4->.4l- 1l-t4Ailt- l1r-4c-tcs- ut1r u
the leading stockholders. Is home from long
sojaarn II the west for the benefit Of his
healih, much improved, and Is authority for
the statement that meeting 0f The directors
/ VIII be held as soon y Andrew Carnegie re-
( turns home. in September or October, sl
least. TO arrange FOR the construction Of the
road II was learned from equally authentic
Sourcss that the meetings Of directors VII
begin IN September as early as possible Al
/ Is favorable for an immeliate start from q
financial standpoint Il viii be shown II the
I next meeting tina; the entire road can be fin
ished up for 81, 900 00o, because there Is 20
much work done Up until the suspension
Of operations some years ago s. SO 0oo hsd
been expended on the tunnels. road bed. etc
I The accrued Interest on this i about 81 5sse-
60. These sums represent the proposed Is
sue Of common stock. For the S3.0oO00 of
Z preferred stock and sl0.OO0 .Oa0 bonds cash
has been paid down. After slI.oDoeso has
been f<.id oHi for construction, = O5a 90 wiz
be leii IN the treasury ;e aid IN buying roll
I ing stock, and operating expenses.
- f1r advanced Is the financial status Of
! the enterprise that details in the work OF
construction are now being talked about Il
Is reported in railroad circies this week that
Thomas NJ King. late Second Vice President
OF the Baltimore & Chic, is 10 b boomei
for Vice President and General Manager, on
account Of his weli-known push and ability
in railroad management
The rad Kill be coinPlefe-s or A. satlreiy
different plan from that under which the
original construction WAS prosecuted. At
that time a syndicate, headed By Vanderbilt
and known Is the American Construction
Company. gobblei the contracts They made
liberal prof = on the work OF construction.
There vii De no whee within wheel this
time While the South Penn directors viii
retain their own directors to have charge o
the work, these engineers viii lcr oul con-
tracts for portions Of the roa j a. they pro-
gness. Th=sc contracts viii be direct. and
ior every solid dollar invested in the COM
Fany only a.,loilar vii be expended The
most perfect engineering accomplished
Is u0w shoSn. both on the work nos done
in the southern counties, ani On the paruil-
meni plans Of the rpad in the engineers Of
nee At Harrisburg These plans were skil-
fully drawn to s1aTt with Then as each tun-
mel Or portion OF tunnel was completed the
same was tinted in upon the Office maps.
There was not a miie Of excavation but
which was indicated by the tiniing prooess-
-.
kept track Of every foot Of II, and now they
can take up the job at any point where II
x4s left OF Stockholders need not sfzse-
coach mountain wilderness for week 70
find OFT what has been done ! iiye-minu;e
inspection of the map viii give satisfaction
The directsrs are figuring on greatly re-
duced cost FOR the road This i because ma
ier;als are cheaper now than they were
when tie arst work WIS do1e years ago.
Tie difference in The price Of steel rails alone
viii be large sum.
People do not generally stop 20 think Ehat
Z s:upen3Ous public benefit the building Of
the south Penn railroad VIII be outside OF
is merp advantages as new outlet i
means that the enormous sum Of 81. 10000
Be paid ont for labor in only fifteen months
between Pittsburgh and Harrisburg. The
r3ad must BE- completed in fifteen months.
In that time an army Of laboTers VIII BE
employed IN the short distance Of two hun
dred miles Thousands of teams VII be
needed. There viii be a boom in picks and
s5oyels. Sl0ne-qnarries WIZ have 10 be mn
double-turn. Powder mills viii scarcely be
able to supply Blasting materials. Carpen-
ters by tie hundred win be rcquin=l 70
build stations and temporary buildings The
Edsar Thomson steel works viii have an
immense order fgr rails. Numerous con-
tractors and ssb-coninsc.0rs, through their
pay-roiis, viii scatter money ;sF and wide
through Western Pena>ylyania.- Casaolis-
rilze C'sswisr.
FE0sFECT OF THE WuRE 90 BUILDING cox
NENcTxG SSxT FALL
4 director Of the Pittsbur.h aud Lake
Erie Railroad who = also IN official Of The
New York Central, says that work on the
South Pennsylvania VIII begin As soon A. the
minor details Of the reorganization ofthe
Reading are completed. This sill enahl-
some parties largely interested in the South
Penn to give their entire attention 10 the
work All Of Reading's new securities. IN
elaliing the stock. viii BE- Issued by the mid
de Of august, and If the direciors story l.
true. the interested parties viii be al liberty
early in September
Il j. stated that the Readings contract
with the South Penn Is still IN existence. as
s also that with tie Pittsburgh. MrKeesport
and Youghiogheny. The present unfriendiy
feeling between the Vanderbiits and the
Pennsylvania which Is responsible for the
trunk line rate war. IS said 10 have been gen
Grated By The South Penn agitation.
The cid contract of the American Con
siruciion Company with the Soath Penn has
expirsi and re-letting VIII be Necessary
when the PrQjeetors Of the road are ready 10
renew the work Of construction.
Dr.. Hosfetter. Of Pittsburgh. is quoted
As saying that Thomas n King, late vice
president Of the Baltimore and Ohio, viii
be made president and general manager Of
the road when the directors meet next fall.
Many Of the stockholders would ike 10 see
E C. knight, Of Philatielpllia. made prezi-
dent with an experienced man Ike Mr-
King . general manager Pkii1 T7nes.
rHE soCrH PExS PRE-nEScT-
PuLaBELHHIs. July l7.-sPeazing OF the
report thzi ex-Vice President King. Of the
Baltimore al, Ohio railroad Is 70 be made
president Of the South Penn road, Mr. E C.
Kaight aid today ' I don't believe that
Mr. King viii be made president Of the
south Penn although I have not heard
mich about the presidency lately. There
have been three or four applicants Cor tie
position but nothing has bzen done ys-- ".
hare not soasai ior the place never was
an applicant for anything. I have enough
70 DO withsut taking the presidency OF the (
South Penn. aaG ! sad 80 70 Andrew CArBe-
gie and otlsers who spoke atoui il TO me
Democratic Convention
Notwithstanding the great amount Of chin /
music induIge8 IN by the warning factions
for several weeks Preyioas to the meeting.
the Convention which convened in the
C0uFi Hosise Tuesday afternoon Of last week .