The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1889-04-27
He Thinks That the SOUTH is the
Best Part of America.
Baron BrlanSer. of Paris, Inter
viewed About His Investments.
He Backs His Belief Up by Great
Amounts of Money.
He and His Associates WIN Spend NIL
lions in the Building Up OF Rail-
roads-The Cincinnati. Southern
System to DO Extended,

CmcAGo, April 20, baron Erlanger
of Paris, whose large railway Investments
in this country were the foundation upon
which was built the Cincinnati Southern
and other connecting lines, was at the
Palmer House today, arriving from Gin
cnnati with party of railway officials. In
an interview he said: al have inst com.
pleIed u ten days trip over all the South.
ern roads in which am interested, having
come TO America expressly for that pur.
pose. My visit to Chicago Is made because
/ wish to sec MS much OF America rs pos.
siblc in my limited stay, shall leave in
the morning for Washington, and / hope
to get time for visit To Philadelphia, after
which ! shall be in New York until May
II, when sail for home"
On "Wednesday Baron Eranger had n
long conference with the directors OF his
system in Cincinnati. llo was asked this
evening: care you willing to state the re-
suit Of the meeting, which it is said looks
70 further Investments by youin Southern
lines?"
mot just get" he replied. ave did
discuss several projects, but mons OF them
are sufficiently developed 10 warrant me
in making them public. There has got to
be continual building in lho way Of con-
ncctions aud new lines, but anything we
did must IN fairness first submit TO my
London associates for their approval be-
fore making public. II Is true they have
been gellly influenced by my Judgment
in the past, and will probably be more
10 now that have bcen over here and
seen the country, but our now plans will
not be announced until have consulted
them. ! think there will not DO another
meeting Of the dircc.o-s before leave"
SIS il true that YOU hayo been dissais-
fled with the management Of tho roads
and your investment was asked.
We'll, II has been long fight aud n
hard one. For long time we have worked
up hill. We knew all along we were plac.
Ing great deal OF money into something
We had never seen, and that the return
was not what the capitalists expected.
Now, however, think ve have turned
the corner, and am s,tisiicd entirely
with the outlook"
Didn't YOU come over q look into the
management aud examine the property"
Nluf uuu W lnt lffl liAtfs " WIS
probably not the wise thing Tor rs 10 make
the investment we dill without ever hav-
ing been In America. Now that | hive
looked over the feld, | am satisfied We
made no mistake"
THE South, siid tho liaron. certainly
las great future. | realize what the
war meant. and how II must have stunned
every tendency toward development, but
when saw the coal aud iron fields OF
Northern Alabama. tho timber aud stone
supply. the agricultural resources. aud the
quick enterprise that IS at work with
them. don't see how ] could have other
than great confidence In any Investment
there. In railroad building believe there
has been TOO much progress iu tho West
and Northwest but not IN the South,
which IL yet a tempting field"
"What will be the nature OF your future
investments hcrcY'
II can't say just now, bu' am 40 inn
pressed with the opportunities in the coun-
try that ultimately. when my boys reach
manhood, | shall probably organize our
business here IN the shape Of q branch
house. shall certainly come back To
America ~ soon rs | cs,n. am charmed
with II and want 10 see MI OF II"