The morning news. [volume] (Savannah, Ga.) 1887-1900, 1889-03-20
ONLY NEEDS A STARTER.
SAVANNAH MUST SUBSCRIBE S75,-
600 TO THE SOUTH BOUND.

Northern Capitalists Ready to Build
the Road after $4,000 to $780,
900 Has Been Subscribed-A Can
vass to be Made in Savannah at
Once-S4O,OOO Already Subscribed
in South Carolina-The Road to be
Completed to Columbia in Twelve
Months.
Alderman II. Myers has just returned
from a trip north in the interest of the
South Bound railroad, from Savannah to
Columbia, s. c. The road, he says, is an
assured fact if Savannah and the towns
along the line will take hold of it.
Alderman Myers says that all that is
needed Is for Savannah and the South Car
DINA towns to take $3.50, OOO.to 5000, 0O0o of the
stock and northern capitalists stand ready
to furnish all the money that is required to
build the road and will guarantee its COM
pletion in twelve months time.
$40, 900 ALREADY SUBSCRIBED.
The South Carolina towns have ALREADY
subscribed $4,000 and no canvass
has yet been made. Barnwell
has subscribed $4,000 and the
little town of Appleton has conditionally
subscribed s., 900, and has voted grant of
several hundred acres of land. Columbia
is ready to take hold, and half dozen other
South Carolina towns are anxious 10 secure
the road. The surveys have been completed
and it is estimated that the road can be
built from Savannah to Columbia for ST.
800 600 The estimated cost per mile is
from $40, 600 to 1900, which is about the
cost of construction of the Georgia Southern
aud Florida road from Macon to Valdosta.
The distance from Savannah to Columbia
is a fraction less than IA miles.
SAVANNAH TO TAKE HOLD.
eff Savannah will subscribe 100000 to
S75, 900 have no doubt that the remainder
of the $150,000 to $500 900 will be quickly
subscribed by the South Carolina towns"
Alderman Myers said.
''Will there be any difficulty in securing
capital northF'
''Not a bit. l have assurances from
northern capitalists that they will furnish
all the money that will be required to build
the road. All they want is for Savannah
and the people along the line to take from
$50, coo to 5000, GOO of the stock. That, OF
course, is to show that the people know what
there is in it. We can then get all the
money we want"
TO BUILD THE ROAD IN TWELVE MONTHS.
''How long will it take to, build the roadp'
IF within the next forty DAYS we can
say $50 600 to $4,000 in Savannah, and as
much more along the line of the survey. The
road can be completed from Savannah to
Blackville ready for the coming fall bust
ness and can be built through to Columbia
in twelve months. Northern capitalists are
ready to take hold of the road and guaran
tee its completion within that timen
"What about terminal facilities.'
'That is a very important matter. The
right Of way into the city and the location
and building of wharves are 70 small con-
sideratiOn, and it remains for the city to
grant such concessions as will encourage the
building of the road"
SAVANNAH TO MOVE AT ONCE.
"What is being done towards securing itT
"The projectors have been waiting to see
whether the necessary capital could be got.
That matter has been settled There will
be not the least difficulty in getting all the
money that will be required after the first
$150,000 to $1,000 mas been subscribed.
That, however, will have to be got first,
and q canvass of the city will be made at
once to raise the $50, 600 t. So 900 that
Savannah will have to subscribe"
Alderman Myers is confident that 100000
in stock subscriptions can be obtained in a
very short time All that then remains is
for the towns along the line to subscribe
another 100000 or $4,000 and the building
Of the road will commence at once. AS to
the benefits the road will be to Savannah,
there is not the slightest doubt. 1t will
open up an entirely new field to Savannah's
trade-a section of co Intry that is already
settled, and that is anxious to pour its pro-
ducts into Savannah'S lap.
TO OPEN UP NEW FIELD.
At the lowest estimate the building of the
road will increase Savannah's cotton re-
ceipts from rs, 600 to 100. 900 bales. 1t will
form a new and short line to the north and
west. 1t will give Savannah new con-
nections into a section Of country whc Sc
trade is now held by other cities, and will
give an outlet to large wholesale and job
bling trade Of Savannah's merchants, who
are now unable to reach that territory on
account of high freightS.