The morning news. [volume] (Savannah, Ga.) 1887-1900, 1890-04-04
ALL READY TO ORGANIZE.
THE SAVANNAH CONSTRUCTION
co. ELECTION TODAY.

-
A Caucus of the Subscribers Held
and a Board of Directors Agreed
Upon-The Line to be Located as
Soon as the Company is Organized
and Construction to Begin at Once.
The South Bounds Success Likely
to Bring Other Railroads to sa-
vannah.
One of the GROWING eventsi in the history
of the South Bound railway will, in all
human probability. occur to-day. With
the company stock in the road secured, and
all of thestock subscribed to the Savannah
Construction Company, which is to build
the road, the stockholders of the latter will
meet to-day to organize by the election of
a directory.
The meeting will be held at noon in the
long room of the city exchange, and much
interest is manifested Ia the organization of
the directory, for the progress in construc-
ton will depend upon the men whom the
board shall choose to direct the work.
There was great deal of activity among
the South Bound people yesterday, and
there were frequent consultations between
the stockholders in the construction COM
panE
A STOCKHOLDERS CONFERENCE.
A lengthy meeting of the South Bound
people was held yesterday afternoon at the
Office of Vice President B. A. Denmark.
President Myers. Vice President Denmark,
Col. Mike Brown, j F. Minis, T. II. Stubs, A.
Vetsburg and others were present. The
meeting lasted about three hours, and the
South Bounds affairs were freely discussed
in connect ion with to-day's meeting for the
mi of
A MORNING NEWS reporter sought to
learn last night the details of the business
transacted at the meeting yesterday, which
was held with closed doors, but the injunc-
tion of secrecy was pleaded. The most that
could be learned was that the meeting had
been a harmonious one, and that after Wig
orous effort the eliminating point of con-
struction will soon be reached.
1t is understood, however, that the meet
ing was principally for the purpose of eau
wasting the new board for the construction
company, and that a strong directory was
agreed upon, ard will be elected to-day
without opposition.
WILL GO RIGHT TO WORK.
Up to last night none of the out of town
stockholders in the construction company
had arrived except Col. Mike Brown.
1t is understood that the directors of the
company will in in very short time after
their election, complete the organization by
electing president, vice president, secre-
tary, treasurer and general manager, and
the line will be located at once, and the
work of construction begin at the very
earliest practicable time and pushed with
the utmost vigor.
There were three gentlemen connected
with the South Bound who are much elated
over the bright prospect for the building of
the road, Herman Myers, Col. Mike Brown,
and b. A. Denmark. These gentlemen have
been most active at all times in working up
an interest in the enterprise, and In securing
subscriptions to the stock of tho railroad
company and the construction company.
They enlisted the corporation Of the solid
business men of Savannah at a time when
the enterprise seemed hopeless, and under
circumstances which were at times most
discouraging
THE ROADS PRIME ORGANIZERS.
When the city council took progressive
step and granted rights of way into and
through the city, and provided for depot
facilities for the struggling enterprise at
reasonable price, MeSsrs. Myers aud Brown
visited Richmond, Baltimore and New
York, and in three days placed the balance
OF the construction company's stock
among men of the highest financial and
commercial standing, and thus made doubiy
sure the success of the enterprise.
The vigor with which the South Bound
has been pushed and the liberal action of
the council has combined to encourage
the projectors of other railroads TO look to
Savannah for a terminus, and it is gener-
ally predicted that the South Bound is the
sure precursor of other roads to follow in
the near future.
By many it is believed that the Middle
Georgia and Atlantic, projected to Savan-
nah via Swainsboro, and now under con-
struction from Machen to Eatonton, will
adopt the original line projected by the At
lanta, Atlantic and Great Western, to whose
franchise it succeeded; that is. through the
counties of Jefferson, Burke and Scriven
into Efingham, to connect with the South
Bound somewhere in Effingham, and oper-
ate with it somewhat after the fashion of
the Savannah, Americas and Montgomery
road to Sterling, aud the Savannah and
Western from Sterling to Savannah.