The morning news. [volume] (Savannah, Ga.) 1887-1900, 1890-02-08
ANENTRANCETOTHECITY
TIE SOUTH BOUNDS RIGHT OF
WAY AND TERMINAL.

A Committee from the South Bounds
Board of Directors TO Have Con-
ference with the City CouncI-The
Subscriptions to the Company's
Common stock Up to 100000, and
the Construction Company Subscrip-
tons $4,000.
The bosrd Of directors Of the South
Bouad Railway Company held full meet
ing at the office Of Denmark, Adams 81
Adams Yesterday, at which other members
of the South Bound company and Col.
Nike Brown Of Barnweu were present by
invitation.
A committee consisting Of Col ]. Il. Es-
till, Capt T. F. STUDIOS, and Mr.. ]. Florance
Minis was appointed to confer with the
committee of the city council with refer
ence to rights of way to a terminal point in
the city. 1t was the understanding that
the conference will be had at as early date
as practicable.
1t was developed in the meeting that the
subscriptions to the common stock OF the
company have reached about 100000, and
that 1916, 900 have been subscribed b the
construction company, and this will prob
SOUTH CAROLINA TO HAVE CHANCE.
1t was suggested that the same opportu-
nitv be extended to the South Carolina sub
scribers to the common stock OF the South
Bound to take stock in the construction
company, limited to about $4,000, and Col
Brown was authorized to see the South
Carolina subscribers and give them the OPP
portunitY to subscribe TO the stock of the
construction company, and to report the
result of his conference at a meeting 10 be
held in Savannah next week. With the
limited stock subscribed in South Carolina,
friends of the enterprise in New York, it is
understood, will be permitted to take a
block of about 100000 stock, although the
entire $500, 900 or more could be raised in
Savannah without any trouble.
BACKED BY SOLID MEN.
well-posted friend of the enterprise
said yesterday that he had never seen an
enterprise backed by such Sold business
men and men of capital as those who have
taken hold of the construction company,
and he says, THE success of the
South Bound enterprise, for the
road is to be built, is due TO
the fact that the solid moneyed mea of Sa-
vannah-the business men of the city-have
taken hold Of it and propose TO push it
through"
One of the most conservative friends of
the road, and who is a subscriber to both
the common stock and the construction
company's stock, SAYS that the preliminaries
ought to all be arranged within the next
ten days, and probably will be arranged
within that period He says that within
sixty days force will be put on the line to
locate it, and this will not be slow work,
as two SURVEYS have already been made.
EVERYTHING WORKING RIGHT.
The gentleman gave MORNING News re-
porter to understand that there is absolute
harmony between the stockholders in
the South Bound and those in
the construction company, and while the
entire subscription 20 the construction COM
pany's stock could have been easily raised
here, it was thought to be no more than
fair, as was suggested, that the South Car
DINA friends of the South Bound should be
permitted to take a proportionate share Of
the stock in the construction company, and
TO this end Col. Brown was empowered to
take the subscription list over to South
Carolina.
He will there give the subscribers to the
common stock the same option offered here
to take the stock of the construction COM
pany. Col Brown left for Barnwell yester-
day, Immediately after the meeting of the
directors and stockholders of the South
Bound had adjourned. He will return to
Savannah next week, and will report the
result to the South Bound directors as soon
thereafter as may be deemed practicable, to
be followed bv his trip north, to place the
rest OF the construction company stock in
safe hands and among friends of the enter
prise.