The morning news. [volume] (Savannah, Ga.) 1887-1900, 1889-09-21
THE SOUTH BOUNDS PROGRESS.
The Cotton Exchange and Board of
Trades Assistance Asked.


me Cotton EXCHANGE and Board of
Trades Assistance Asked.
The projectors Of the South Bound rail-
way have sought to enlist the cotton ex-
change and tie board Of trade to aid the
enterprise. Pursuant to the Instructions of
the board of directors, Herman Myers,
president of the railway company, has adj
/ dressed a letter to the two commercial
| bodies. In his communication he states
that SIS, 900 Of stock have been subscribed
Ia savannah, but to secure the building of
tue road the capitalists who have been ne
gotlated with say that Savannah should
De more liberal in its subscriptions, and
tnat SO, 900 Of stock ought to DO taken in
! this city which, with other additional sub
| scrlptions that may be secured along the
line, will secure the road to Savannah. Mr..
Myers further says that the advantages
when will accrue TO Savannah by the
building of the South Bound are too potent
to require detailing to the two bodies adj
dressed. and to which the appeal is made
LOT cooperation in securing the rest of the
subscription necessary TO insure the success
Of the enterprise.
Mr.. Myers has received the following re-
plies, which indicate that the importance of
cooperation is recognized, the board of
trade, through President John R. Young,
change will act on Sept. so, at full meet
ing OF the exchange.
President f. D. bloodworth of the cotton
exchange writes as follows:
SAVANNAH. Sept. 10, 1890
MT; Herman Myers, President South Bound
RoHocdy COmDdHU.
DEAR SIR-Your Communication of the 18th
INST. was considered at a meeting of the d-
recsors of the exchange held this day, and it
was resolved to refer the matter to general
meeting OF the exchange to be held on Sept. 30.
F. D. BLooDwoRTH, President.
The president of the board Of trade, Mr..
john X. Young, acted the day following
the receipt of Mr.. Myers communication,
as is shown by his letter Of that date, which
is as follows:
SAVANNAH. GA. Sept IL. 1899
mr.; Herman Meyers, President of the South
Bound Railroad:
DEAR SIR-I am in receipt of your communi-
cation or this day, asking the appointment of a
committee from the board of trade to assist
you IN getting the citizens of Savannah to sub
scribe TO your enterprise, and beg to advise Won
that the following members have consented to
serve on such committee viz: Mr.. |. G. Haas,
Maj. j. b. Withers and Capt. D. g. Purse
Very respectfully,
a john X. YOUNG,
President Savannah Board of Trade.
Mr. Myers said last night that if Savan-
nah shows liberal spirit III the matter the
success of the enterprise will be secured,
and large territory will be opened to the
trade and commerce of the city. He says
that many other branches of trade are
much more deeply interested in the road
than any selfish indi vidual interest he has
or could have in il, and that they should re-
sponG with liberal subscriptions. as
they will reap large benefits
from its construction. He has given great
deal Of his time to the enterprise, and he
feels that as the commercial interests are
virtually affected, the two commercial bod
les should give the full weight of their in-
dorsement to the enterprise by appointing
vass in raising the stock subscription ex-
Dected of Savannah