The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1889-02-08
ANOTHER MISSISSIPPI RIVER BRIDGE
just Above New Orleans, With Mr.. @. p.
Huntington at the Head.

Just Above New Orleans, With Mr. q. j.
Huntington at the Head.
When first the project OF bridging the
Mississippi river at the point named, was
raised for discussion, the Crescent City
press and stearnboatmen generally inter
csted in through business raised howl.
II was kept up with remarkable vigor
and persistence until the measure decd-
ing 1t passed Congress and the Secretary
OF War.
Now II is proposed TO build yet another
bridge across the Big Muddy, this time
just above New Orleans and the press OF
that city has nothing to say adversely,
neither has The APPEAL The enterprise
is undertaken 10 give the Huntington sys-
tenn OF railroads an unbroken line from
the Atlantic 10 the Pacific oceans, and the
Southern Bridge d Railway Company has
been chartered 10 construct the work. The
| following interesting points concerning
the enterprise are CLEANED from the lengthy
account in the New Orleans Times Demo-
Graf.
One of the incorporators Of the company,
in conversation with a Times. Democrat re-
porter ON the subject yesterday, stated
that IL was not only Mr.. &. 7. Huntington
who is interested in this project, but that
Jay Gould, the Illinois Central, Louisville
& Nashville, Louisville, New Orleans &
Texas, Northeastern, Texas Pacific, in fact
all the railroads ccntering in this city, arc
likewise interested, since all the roads on
the east want connection with those on
the west side and vice versa.
To Mr.. G. i. Huntington, IL Is asserted,
the project OF this bridge is mainly due,
his motives in constructing the bridge be-
| ing 10 more closely connect the Chesapeake
| d Ohio and Southern Pacific systems, and
make thereby complete unbroken line
from the Atlantic to the Pacific Oceans.
The Southern Pacific system at present
| have ample terminal facilities at South
| port, and with the bridge and belt road TO
| be built, that company us well rs the other
lines will he able % handle all the traffic
passing between lhs two oceans, the bulk
OF which today goes via Chicago and st.
| Louis.
| Now, that the charter has been secured.
] Congress will, in the course OF few days,
be pelitioned To authorize the building OF
| the bridge on the river, the same "a at st.
Louis, Memphis and other points. The
act for bridge building has become almost
standard, and those interested say that IL
| will be pissed by Congress without delay
| On January IL ult., Messrs. T.. l.. Cor
thcll, an authority in such matters, Albert
Baldwin, the .Ywell-known banker Edgal
II. Farrar, attornoy-at-law, aud Chas
Smith. J. II. Slnnot, A. SChrebcr and C.
| NJ. SOria, prominent in commercial circles
organized the Southern Bridge and Rail
way Company.
According to the articles OF Incorporation
| the company is chartered for ninety-ninl
/ years. aud It's domicile is fixed in the par
ish Of Jefferson.
The capital stock Of the company ha,
been liked at 81 900, 600, To bo represented
| by 10000 shares OF Sl00 each. The cap
ital stock may be increased or reduced
by vote of a majority OF the stock
holders at any meeting called io
that purpose. Payment for stocl
shall bc made in cash, ut such term
m the Board of Directors NAV prescribe
The board also lave power to issue stocl
In payment for property transicrrc,
10 the corporation or for labor per
formed. business shall be commenced n
soon as 100000 shall have been sub
scribcl 10 the capital stock thereof.
Mcssrs. COrthcll. Farrar, Baldwin
smith. Sinnott, Schneider aud Soria ar,
constituted the first Board OF Directors
and shall hold Office until the secon,
Monday in April. 1890, or until their sue
ccssOr are duly elected