The morning news. [volume] (Savannah, Ga.) 1887-1900, 1890-03-31
NOTHING INTHEWAYNOW
THE SOUTH BOUND TO BE UNDER
CONSTRUCTION IN 60 DAYS.

,
ton to the Construction Company's
Stock Taken - Capitalists of Balti-
more, Richmond and New York Sub
scribe Literally - No Delay in the
Work, but the Construction is to be
Pushed Vigorously.
Herman Myers, president of the South
Bound Railroad Company, aud one OF the
largest stockholders in the Savannah Con-
strdction Company. which viii build the
South Bound road, returned yesterday from
the north. While he has all along been
somewhat ayerse to expressing anything
positive about the prospects for the building
of tne road, a MORNING NEWS reporter
found him less disposed to be reserved last
night, now That all the difficulties which
environ such enterprises have been substan-
tially removed.
To the representative of the MORNING
NEWS Mr.. Myers said that the trip north of
himself and Col. Mike Brown had been
signally successful as not only had all the
stock of the construction company been
taken, but the subscriptions are SO, 900 IN
excess of the required $500, 600 to meet any
contingency whicn may arise.
MIR. Myers said that he had no trouble in
placing she stock, which he did. in Balsi-
more, Richmond ana New YORK, AID
among capitalists and business men
of well-known financial standing and
integrity, some of whom, he said,
will come on to attend the meeting
of the stockholders of the construction COM
pany to be held at the long room of the city
exchange Friday noon.
sAvANNAH'S ENTERPRISE INFECTIOUS.
The liberal spirit shown by the city of
Savannah in according rights of way and
terminal facilities to the South Bound, Mr.
Myers said, made it practically easy to
place the stock, and in fact it was necessary
to limit it. as much greater amount could
have been placed. 1t was currently re-
ported that no Independent line of rail-
road could get into Savannah, and
the action of the city authorities
in the aid extended to the
South Bound, Mr.. Myers said, dispelled the
idea and capitalists were quite ready and
willing to invest in the stock of the con-
structIon company Many of the new stock
! holders count their wealth by tho millions,
| Mr. Myers said, and added to the already
strong list of stockholders in Savannah and
South Carolina combine to make the Savan-
nah Construction Company the strongest
railroad construction company ever organ
| lied IN the south.
MORE RAILROADS COMING.
The effect of getting such canitalists in
terested here Mr.. Myers said. will have a
tendency TO lead them to invest in other en-
terprises, and he said that if the same lib
eral encouragement is offered by the citv
authorities to other independent lines they
will seek terminus here. Not less than
two are poiating this way now sit is the rail
roads," said Mr.. Myers, (which develop the
country and build the city, and while am
conservative in my views, | have no doubt
that the city of Savannah will be populated
by 100000 souls in five years if the same
spirit of enterprise, progress and encourage
ment is shown to other railroad enterprises,
looking to Savannah as an objective point.
as made it possible for us to succeed in or
ganlzing strong construction company
which proposes to build the South Bound,
and build the first ninety miles of it with
the least possible delay"
ToBE RAILRoADED THROUGH.
"You say that you propose to begin early
with the work but you don't expect to com
plete it IN time to move the cotton this year,
do youm
''lf it is possible to do so, yes We do
not propose to go about it in the slow, old
fashioned way. We propose to push the
construction all along the line as vigorously
as it Is possible to do. There will be no
waste OF time. 1t is the desire to have the
lire ready to move at least portion of the
cotton for next seasons market, and while
we expect to have the road built as rapidly
as men and money cen do it, we propose to
have good 70 adbed and sixty-pound steel
rails. 1t takes no more time to build q
road with good material than with inferior
material
w men do you expect to 60 to work?"
I'VE ought to be in the field within sixty
days. SHOULD be very much disappointed
ii we didn't get to work that Soon"
HAS your preliminary survey beel made
ana the line locatedF
TWO SURVEYS MADE
"rhere have been two lines surveyed.
| One of the lines is via Barnwell and Black.
| vile and the other is a somewhat shorter
| line south of those towns. which would
leave them a short dis,ancs from the line"
| Does the South Bound company or the
| construction company locate the line2"
"The South Bound company will of
course indicate what line it desires the Goa
| structi0n company TO follow in the con-
| structlon of the road!n
HAS this line been determined yet?"
II can't say that it has, and hardly think
that | ought to speak with authority for the
company. 1t Of course prefers, al other
things being equal, to take in Barnwen aud
| Blackvile, although it would ba a some
what longer line. There are those who feel
that those towns have not shown that
spirit of literally to the enterprise
which ought reasonably be expected
| from towns which would derive
such incalculabls benefit from a road from
a seaport city like Savannah, aud with such
valuable railroad connections as the South
| Bound will make, and they argue that rail
roads soon make towns, as in the case of
| Cordele, and That towns off the route OF
| through lines often fad it necessary to
| reach trunk lines by branches.
| WHAT is EXPECTED OF TOWNS.
| Who're daviations are made to es-
| tablish towns there must always be
| some compensating advantages to warrant
| railroad companies in making them.
| 1t is argued by some of the prin-
| cipal stockholders that the Soush
| Carolina towns me ltioned ought
to SHOW as liberal a spirit, proportionateiy,
as was shown by Savannah in Che way of
| terminal facilities whereas they have thus
! far only given rights of way Much will
depend, therefore, presume, on their dis
position to remedy the thing complained
| or
"Your first step will be to organize the
construction company this week2n
| YES, that IS the object of the meeting
next Friday. The charter will be ccapted
| by the stockholders of the construction
company aud its board of directors organ
| lied and its executive officers elected.