The morning news. [volume] (Savannah, Ga.) 1887-1900, 1889-09-03
READY WITH THE MONEY.
NORTHERN CAPITALISTS TO TAKE
HOLD OF THE SOUTH BOUND.

Savannah Asked to Subscribe to $685.
900 More Of the Compsny's Stock
and to Furnish Rights OF Way into
che City-PresideEt Myers Back from
the North-Whet He Says About the
Enterprise.
Herman Myers. president of the South
Bound railway. has returned from the north
after three weeks trip. He was Joined in
New York by Col Nike Brown, one of the
directors of the South Bound company, who
came back with Mr.. Myers as far as Charles
ton, where he stopped of and went to his
home in Barnwell.
Mr.. Myers was asked what has been done
looking to the final financial arrangements
for building the South Bound. and in reply
he said that capitalists have expressed a
willingness TO furnish the money to build
the road, and will invest in its stock if Sa-
vannah will show that it has confidence in
the enterprise by subscribing more literally.
The northern men say that $50, 600 of stock
only is not enough for Savannah, but that
1t should take at least SIS, 900 of stock.
S25, 900 MORE ASKED FOR.
Thus far but about $4,000 has been
city council to grant the right of way into
the city over certain streets in the southern
portion, and they want at least $25, 900
additional stock subscriptions along the line
OF the road from Savannah TO Barnwell,
s. c.
Mr.. Myers said that there ought to be
no trouble IN raising the S25, 900 additional
stock subscriptions required of Savannah
and the soliciting committee, whose work
lad oh ~ VI.
Myers IN the north, will renew its canvass
IN few DAYS
Mr.. Myers, being a member of the board
OF aldermen, felt a delicacy in anticipating
the action of the city council, as he said
that being a member of that body he could
not with propriety take an active part in
asking right of way for the road.
THE CITY's ENCOURAGEMENT WANTED.
He said, however, that other cities are
doing all that they can to encourage rail-
road enterprises, and he cited the city coun-
Gil or Chattanooga, which had made large
donation to the Chattanooga, Rome aud
Carrolton road, and Columbus has done
the same. In each city rights of way and
money subscription and extensive grounds
have been given.
Savannah must not be lacking in
dealing literally with railroads seek
ing a terminus here, Mr.. Myers said.
bis attention was called to the interview
with President Alexander of the Central
during Mr.. Myers visit north, and ne said
that Gen. Alexander is mistaken when he
says that the distance by the way of tae
Coast Line and Port Royal is tut about ten
miles greater than the projected route of
the South Bound, which is but eighty miles
from Savannah TO Barnwell, while by Gen.
AIexander's proposed route the distance
would be thirty-three miles greater, sixty
miles to Yemassee and fifty-three miles to
Barnwell over the PIT Royal road.
THE TARIFF QUESTION.
Both Georgia and South Carolina have
railroad commissions, and the rate is fixed
ON the distance, SO that it enables the other
companies to charge greater freight tariff
than the South Bound, with the shorter
route would charge, and by this means Sa-
yannah can be Disseminated against, Mr..
Myers said, as determinations are said to
be made in favor of Brunswick from Thorn
asvllle, because Brunswick is nearer Thorn
asvllle than the latter is distant from
Savannah.
Mr.. Myers said that the people OF Savau-
nah ought to manifest deeper interest in
getting the South Bound road, so that the
| enterprise will not fail The proposed ex-
| tension, that Gen. Alexander speaks of
making from the Port Royal road to Barn
well, he said would not materially reduce
the freight tariff from Barnwell to Savau-
nan, as the goods shipped here would have
TO come a roundabout way and practically
no relief would come of it. A little enter
prise, and disposition on the part Of those
who are to be most benefited by the road.
to subscribe to the common stock, would
show to the northern capitalists, Mr.. Myers
SAID. that Savannah has desire to got new
roads, and independent ones