The morning news. [volume] (Savannah, Ga.) 1887-1900, 1890-09-19
ATLANTA'S NEW ARR LINE
A MEETING IN THE INTEREST OF
THE PROJEOT.

Fifty of Atlanta's Leading Merchants
and Professional Men In Attendance.
Several Gentlemen from Savannah
Make Speeches in Favor of the
Project-A Committee Appointed to
Look After Terminal Facilities.
ATLANTA, Ga, Sept. 1S-The meeting
held to-day in the interest of the new rail-
road from Atlanta to Savannah was the
most enthusiastic gathering Of its kind ever
held in Atlanta. There were present about
fifty OF Atlanta's leading merchants and pro-
fessional men, Col. VIM Garrard, Herman
Myers and r. NJ Farley Of Savannah, Col.
E. c. Machen and the northern capitalists,
representing something over s6,0O0.0O0.
They were j. A. Watson and l.. Fl. Taylor
of Philadelphia J. Tenniss and e. A. Ten
Miss Of Pennsylvania, Henry f. Cobb OF
Boston, Schuyler Quackenbush and Charles
Benner Of New York.
MAYOR GLENN's HIGH HOPES.
Mayor Glenn presided over the meeting.
Georgia was the best and safest
place in which to invest money, as there
were absolutely no classes to endanger the
ownership Of property. He said further.
that he had always thought that Atlanta
would be one of the biggest cities in the
world, IL Savannah could be plastered on
her side. This could not be done literally,
but the new road would come nearer doing
it than anything else. Speeches were made
by Col. George w. Adair, Capt E. p.
Howell, Hoke Smith, Col. Jonathan Nor
cross. George w. Parrot. Maj NJ c. Kiser,
e. p. Chamberlin and Julius Brown OF At
lanta; by Mr.. Cobb of Boston, one of the
sov,ffa lsefa II hxr NJ ot.1 Gal
Garrard OF Savannah.
TONE OF THE SPEECHES
The general tone of the speeches showed
that the road was much needed, and that
the business men would give it liberal sup
port as soon as 10 was completed. Mr..
Myers of Savannah said he came on the part
of Savannah merchants and Savaunah's
Board of Trade to assure the gentlemen that
she would do everything in her power that
would benefit the road, and that first-class
terminal facilities could be easily secured
He said that the business men OF his city
had nothing against the Central road, but
it did not have the capacity TO do the
business passing between Atlanta and Sa-
vannah.
COL. GARRARD's SPEECH
Col. Garrard Of Savannah was introduced
as one of her be st business men, He made
a short talk, that was heartily applauded.
He said that there was nophing good that
could be said about the city of Atlanta that
Savannah would not applaud. Savannah,
| the great gateway from the sea, recognized
| Atlanta as an important railroad center, aud
was so dependent on her that should At
| lanta be blotted out, Savannah would fail
1 in week. Whatever was done for the
benefit of Atlanta would benefit Savannah,
as, when they join hands, they can accom-
| plish anything.
ESTIMATES ON IT'S EARNINGS.
| One of the most important talks was
made by George Parrett, who presented
carefully prepared paper showing the
| estimated earnings of the Middle Georgia
and Atlantic for one year on its freight
traffic The figures had been prepared after
careful consultation with railroad men
and with gentlemen familiar with the sec
| tion Of country through which the new
road will run, and were as follows: The
road will run through over fifty miles pine
| forest. / estimate that In less than one
| year after the completion of the
road there will be thirty saw
mills in operation, which will
turn out an average of 90 cars per day, or
| equal to $1,000 cars per annum. At $50 per
| car this is S360.000; income from 100000
bales Of cotton, local and through, $125 900;
| freight on cotton seed oil and meal IS 900;
20. 900 tons Of fertilizers and fertilizer mate
rial, local and through, 900; freight on
| 1000 tons Of pig iron, steel rails and
other structural iron, s35, 900; freight on
miscellaneous freights from eastern points,
| $50, 600; freight on western products for
| Savannah and export, $4,000; local mis-
| cellaneous freight, $50, ,000-total, S640, 900;
| passenger traffic, local and through, $780,
| 900; mail and express so, ,000-total, $780,
600. Grand total, $3.50, 900.
Expenses-60 per cent for operating ia
| s456, 900; net earnings over operating ex-
penses. 1904, 900; interest on bonds, sl6S. .000;
| net profit over operating expenses and in
| terest, $134, 200.
MAI. KIsER's PROMISE.
| Mai. Kiser assured the gentlemen that bis
| firm alone paid out S20, 600 for freight, most
| of 1t coming from the east by way of Saw
annah, and it would be turned over TO the
| new road, as 1t was 60 miles nearer and
| could reach here in much less time. The
| only difficulty to be encountered was agreed
| to be the trouble that might arise over se-
curing terminal facilities.
COMMITTEE APPOINTED.
| On motion of Hoke Smith, a COMMITTEES
| Of seven was appointed to see what could be
| done toward getting terminal facilities.
| The committee appointed consists of Hoke
| Smith, chairman, w. A. Hemphill, Maj.
| M. G. Kiser, Aaron Haas, Capt. James W.
| English, Col. II. f. Maddox, and Col. G..
| w. Adair. The meeting then adjourned
| This afternoon the visitors were taken
| for a drive over the city, and tomorrow
morning at s o'clock they leave for Madi-
son, where they will take the Covington
| and Macon road to Macon. From there
| they will go to Eatonton and then to Sa-
vannah. to see the country through which
| the line will run.