The morning news. [volume] (Savannah, Ga.) 1887-1900, 1890-02-05
IrLooKs LIKE BUSINESS.
The South Bound Enterprise Coming
to a Focus.


to a Focus.
Col. Mike Brown returned to Savannah
yesterday and is registered at the De Soto.
He was industriouslv at work during the
afternoon canvassing for the stock to the
construction company TO build the South
Bound, and when his days work was done
the subscriptions footed up 100000. Col.
Brown expects to finish the canvass here
and in South Carolina this week, and will
leave Saturday night for the north, where
the rest Of the stock will be taken. He
expects to be through the canvass in ten
days.
The canvass for the common stock OF the
South Bound is still being pushed forward.
and up 70 last night amounted to about
$50, 900. There remains about SIS, 900 vet
TO De raised, and it is expected that the
interest will be increased as the canvass
draws to a close. Those who subscribe to
the common stock are permitted to take
double the amount in the construction
| company. and in discussing the matter last
night, Col. Brown said that all who have
not yet subscribed to the construction com
pany should arrange TO do 50 before the
close Of the week, while the subscription
paper is here.
The committees canvassing for subscrip-
lions to the common stock have worked
very hard to enlist an interest in a road of
such vital Importance to Savannah, and
while many have held back, few have
been Jealous in booming the enterprise. 1t
may be necessary for some Of the
subscribers to increase their subscriptions
TO make up the Savannah quota, and, while
the committees have endeavored to call
upon all whom they were inclined TO think
would aid the enterprise yet in some in
stances they have failed to see the parties,
and all such are requested to call upon Mr.
r. Karow, chairman of the cotton excha gs
committee, who will receive subscriptions
The question of granting the right Of way
to the South Bound will be brought up in
the city council tonight. The council will
be asked TO grant the right Of way to a ter
minus not yet announced, but il is believed
that arrangements will be made with the
Savannah and Tybee Railway company to
use its terminal property.
1t is understood that the construction
companys capital stock will be $500, 900,
three-dfths Of which will be taken here and
the balance by South Carolina and north
ern parties. The company will organize by
the election of board of directors and Of
ticers on Col. Browns return from the
north, and it is learned that some of the
solid business men of Savannah will go to
make up majority of the board of direc-
tors, and that the president Of the construc-
uon company VIII be Savannah man
whose name in connection with the presi-
dency will inspire confidence
1t now begins to look as if the long talked
of enterprise is reasonably assured, as
the projectors say that as soon as the con-
struction company's stock is taken-and it
it is being snapped up very fast-and the
officers elected the work of construction
will begin at the very earliest practicable
date. There is spirit of confidence in the
South Bound now more Jealous than
at any previous time in the his
tory of the struggling enterprise, and
with two or three days more of
active work, and liberal spirit on the part
Of the city council in aiding the South
Bound to reach its Savannah terminus, the
railroad will be built All the cities and
towns from Columbia, S. c., to Savannah,
it is said, have granted rights of way, and
are anxious for the early completion of
the road in time to move the next cotton
crop.