The morning news. [volume] (Savannah, Ga.) 1887-1900, 1890-05-01
PRESIDENT SPARKS PLANS.
$4,000 OF Stock Subscribed IL
Macon. $4,000 in New York, anc
$4,000 in Savannah.

@-oSoAs oS6O3OOO n new YORK, and
$4,000 in Savannah.
W. B. Sparks. president of the Macon
Construction Company, is in the CITY, hav-
ing arrived yesterday morning, and yester-
day he was in close conference with those
whom he has interested to take stock in his
new construction company organized to
build a railroad from Macon to Savannah.
1t is understood that offers Of stock we're
made yesterday to some who would have
teen inclined to take it if they had been
favored with an offer earlier, and this, it is
believed, applies to the stockholders of the
Seaboard compan y. The organization of
Col. Machen's company, or rather the
| doubling of the stock of tie Middle Georgia
and Atlantic, giving Savannah the control
| OF the road, contemplstes a road from
Savannah to Macon, and a gentleman
closely connected with the enterprise in
formed a MORNING NEWS reporter last night
that all hope of an agreement between the
| Macon construction company and the Mid
die Georgia and Atlantic company has been
| dissipated, and it is his opinion that there
will be two roads built from Macon to Sa-
vannah.
Mr.. Sparks is accompanied by w. A.
Borden and W. H. Wells of Macon, who
are interested with him in the construction
| OF the Macon and Savannah road, who
were with Mr.. Sparks in the conference
with the Savannah stockholders.
A well informed friend of COL Machen's
crowd says that when COL Machen
left Savannah this week it was for the
purpose of getting his forces to bring to
| Savannah and begin work.
| When asked il Col. Machen had not gone
| to New York again. the gentleman replied,
mo, Sir. lie has no occasion to go north
| now, IS his financial arrangements have
| been completed. He has the money to go to
work, which is the proceeds of block of
| $4,000 worth of the bonds of the road"
1t is conceded by the projectors of the
| Middle Georgia and Atlantic road that MIR
| Sparks has all the financial backing he
| wants, and no matter what other company
| builds a road from Macon it will not pre-
| vent the Sparks crowd from building their
road. cC
By some it is believed that failing to make
traffic arrangements with the Macon crowd,
Col. Machen will go no farther in the
direction of Macon than Swainsboro, but
complete his Atlanta road, and that the
squirt made at the Savannah end of the line
was to brighten off the projectors of the
Macon and Savannah road. 1t appears, how
ever, that they did not brighten, but on the
contrary are pushing ahead their pre-
liminary arrangements to build the road to
Savannah.
That Col. Machen himself comedies that
Sparks will build his road is evident from
an article in the Macon NeaUs of day before
yesterday, Col. Machen'S paper. There are
evidently some inaccuracies in the article,
and especially with reference to Port Royal
as terminus, for any such plan as that
would not encourage Savannah capitalists
to take stock in the enterprise. The article
is as follows:
81 h. ~
struction Company has returned from New
| York. where he has been in the interest of his
railroad project. He confirms the report
that million dollar construction company
has been formed to build a road from Ma
con to Savannah or Port Royal
This company is an independent
and separate organization from the
Macon Construction Company, whose
stock is now worth over 81 ,500, 900. He
says the company will certainly build to
one of these points. Savannah is preferred,
but the terminal facilities are SO much
higher there than in Port Royal the road
may have to be carried TO the latter place.
If the road goes to Savannah the company
will be called the Macon and Savannah
Construction Company.
Shares are worth $4,000 each. The
Macon Construction Company of the
Georgia Southern road owns half of the
stock. Seventy thousand dollars more are
owned in Macon by S. r. Jacques, R. H
Plant and other prominent citizens This
puts the control in Macon. Five shares are
owned in Savannah, and parties there wish
six more shares, which will make eleven
shares owned in Savannah, or $4,000.
owned by New York parties, five
of whom are bank presidents.
Among the New Workers are j. A.
Stewart, president United States Trust
Company; j. d. Vermilye, president Mer-
chants National Bank; w. L. Strong, presi-
dent Central National Bank; Charles s.
Fairchild, president New York Security and
Trust Company and ex-secretary of the
United States treasury under Cleveland; A.
Backer, Isidore Strauss and other
wealthy New Workers are stockholders.
W. B. Sparks will be president of the
new company; Jefferson Lane, general
manager; H. L. Jewett, secretary and
treasurer. These parties are all Maconites.
This company is separate organization
from the Macon Construction company of
the Georgia Southern railway. Mr. Sparks
says the new company has no connection
with the Macon and Dublin road, or any
other Georgia institution. He says his
company will build to Savannah or Port
Royal, regardless of how many other 70 IDS
may go to either place. Savannah is tho
desired point if terminal facilities can be
Obtained at reasonable ugureS.
The organization of the engineering corps
will be perfected at once, and operations in
the field will begin June l. In two years it
is calculated that great railroad syndicate
will be seen in Georgia. and Sparks roads
will have, short and magnificent connec-
tions. They come from Birmingham by the
Macon and Birmingham road, from A tlanta
by the Atlanta and Florida, from Chatta-
nooga by the CT attanooga, Rome and CO.
lumbus road, which will be extended from
Carrollton to LaGrange, and there connect
with the Macon and Birmingham road.
President Sparks says the road from
Macon to Savannah will be a straight air
line, and will be run regardless of towns
1t will not diverge from a straight course
TO enter any place. Dublia W. not be on
the route h~ a1soao
The above is the first authentic and COM
plete account yet published about the great
scheme. -4'e
President Sparks calculation is to finish
the Macon and Birmingham road to Cullo-
den by May l, and there connect with tine
Al 1Nl.--s l.. ~wxs1I IL,