The morning news. [volume] (Savannah, Ga.) 1887-1900, 1890-02-07
THE MONEY COMING IN.
THE SOUTH BOUND ENTERPRISE
BOOMING NOW.


The Subscriptions to the Construc-
ton Company Stock Increased to
$3.50 600 Yesterday - S25, 900 to
$4,000 More to be Raised Here and
in South Carolina, and the Rest of
the stock TO be Placed North.
The projectors Of the South Bound Rail
way Company are feeling very much
elated over the roseate situation, and they
do not now feel as If there will be any
trouble in pushing it through. The sub
scripton to the stock of the construction
company has reached 1926, 900, and it Is
proposed to increase this from S25, 900 TO
$4,000 here aud in South Carolina. and
the rest Of the stock. as already stated in
the MORNING News, will be taken in the
north. In fact, it was thought at one time
that much larger block would have to be
placed in the north, but the demand for the
stock here has been largely in excess of
what the most hopeful expected it to be.
WHAT PRESIDENT MYERS SAYS.
President Herman Myers of the South
Bound, who has worked very hard for the
enterprise, now considers that the struggle
is over, and that this important line Of rail-
way from Columbia to Savannah Is reason
ably assured. He was asked yesterday how
the council will act on the question of right
of way TO a terminal point for the road,
and he said that he believed that
body, composed as it is of gentlemen in
terested In the growth and prosperity of the
city, will be friendly in the matter. 1t
had at its meeting Wednesday night
promptly named a committee to confer
with the board of directors of the South
Bound as to over what streets the right Of
way may be granted, and the committee will
meet the South Bound directors at such
time as may be mutually agreed upon.
RAILROADS SHOULD BE ENCOURAGED.
Mr.. Myers went on to say that owing to
his connection with the enterprise he would
abstain from voting in the council when 1t
came to voting on the right Of way, but he
would present ais views to council in this
case. as he would where any railroad should
seek to make Savannah a terminal point,
believing that the more railroads the
greater the trade and commerce of the port
and the growth and prosperity Of Savan-
nah. His immediate personal interest was
not one # the inducements which has led
him TO lend his time and efforts to secure
the building of the ROAD, as that interest is
small compared 70 the advantages which
will accrue TO this city and section from its
construction
TALK WITH COL. MIKE BROWN.
Col Mike Brown has been most persistent
and jealous here and in South Carolina III
working up an interest in the enterprise,
and be was very happy man yester
day IS he went over the subscription list to
the stock Of the construction company.
1T foots up 1907. 000,n said the energetic
little man from Barnweu, land there is
$4,000 more in sight. That is much more
than we expected here, and we will have
no trouble at all to swell it to SS50.000 or
$400. 600 here and in South Carolina"
Both President Myers and Col. Brown say
that the rest Of the half million stock will
be taken at the north. These gentlemen hay
ing canvassed the situation thoroughly
there speak advisedly.
Col. Brown says every foot of the right
OF way hiss been secured 70 Sisters Ferry
coming outward, and President Myers
says that the right of way in this state has
been secured from point opposite Sisters
Ferry to within short distance OF Savau-
nah.
To GO NORTH.
Col. Brown win leave for Barnwell to-
night, and, after a day at home, will 90
north Ia the interest of the South Bound,
and will doubtless be Joined there
by Savannah representative of the enter
prise, if the directory should deem it neces-
sary that Col. Brown should require any
one TO cooperate with him. Upon the re-
turn Of the representative or representatives
from the north the construction company
will organize at once and take steps to
begin active operations.
The South Bound ought to have been
built five years ago." said one of the lead
ing business men on the Bay yesterday,
land am glad 70 see that it isn't too late
to build it yet. l think sufficient interest
has at last been enlisted, aud that for that
r ason the stock to the construction COM
pany is being taken so rapidly can see
no reason now why it will not be built
The Charleston people seem to be dis
couraged in proportion as the prospects Of
the South Bound brighten, and one of its
papers, IN reproducing an article from the
MoREISG NEWS, says it is bad for Charles
ton" and it says that charleston seems to
be having rather hard luck just at present.
as it asserts that the South bound twill Of
course be inimical to Charleston's interests