The morning news. [volume] (Savannah, Ga.) 1887-1900, 1890-04-28
BLOCK OF BONDS PLACED.
COL MACHEN READY TO BUILD
100 MILES OF ROAD.

Systems in Favor Of Harmony and
Mutual Traffic Arrangements A
Union Passenger Depot for the In
dependent Lines-Hinte Abroad of
Extensive Docks at Tybes for Coast
wise and Foreign Exports and I'm
ports-The South Bound Engineers
Soon to Take the Field.
There appears to be little doubt Of the
success of Col. Machen's railroad enter
prises in the light of the information re-
ceived last Eight by MORNING NEWS re
porter from a well-informed gentleman,
who has all along kept thoroughly posted
in the well laid plans of the railroad builder.
The information is to the effect that Col.
Machen placed large block of his bonds in
the north on Friday, and to a sufficient
amount to build the first 100 miles Of the
railroad out of Savannah.
Col. Machen communicated the result of
his successful negotiation Of the bonds, by
telegram, to those cooperating with him,
| and while the exact amount placed has not
| been given out 1t is understood that it is
not far from 500, 900. which is fully ample
for beginning the work of construction at
| Savannah at once and vigorously pushing
| forward the road to completion to SWANS
boro and finishing the gap between Machen
and Covington.
DEAL ON FOOT.
There is, as has been seen by the Macon
| dispatch in Sundays MORNING NEWS. an
| impression in Macon that Col. Macheu and
the Macon Construction Company have
come to an agreement by which Col.
Machen will not extend the road from
Swainsboro to Macon, but that an agree
ment has been made by which the Macon
Construction Company will build from
Macon to Swainsboro, and traffic arrange
mentS will follow, the Middle Georgia ard
Atlantic track being used by the Macon,
Birmingham and Savannah company from
Swainsboro to Savannah.
The Savannah gentlemen connected with
Col. Machen's railroad enterprise had not,
up to last night, been informed upon this
subject, and, while it is quite probable that
some such arrangement will be made, it
could not be effected without the assent of
the Savannah stockholders in each COM
pany.
LOOK AT THE SITUATION.
The MORNING NEWS some DAYS ago out
lined the plans of the Macon Construc; ion
Company, and how Savannah parties had
taken the 100000 stock without letting the
Oconee River railroad projectors in, but it
appears that some of the Seaboard company
saw that by prompt action they could get
| what they wanted without asking for it,
| and they were not long in convincing Col.
Machen that he held the ley to the situation
! if he would cooperate with them. He was
asked to double the stock of the Middle
| Georgia and Atlantic, making it $3.50, COO,
| which they were to take, and an odd 81 900
to give Savannah the control of the road,
| and not only build from Atlanta to Savan-
nah, but with ninety miles already con-
structed, push road through from SWANS
| boro to Macon. Col. Machen hurried north.
laid the matter before his partners i'll the
construction company and before his finan-
cial hackers, aud the programme suited
| them
SAVANNAH TAKING HOLD.
That Savannah took such interest in the
road was all they wanted to give addi-
| tioaal confidence in the investment, and
| since Col. Machen has been north he has
placed the bonds as above stated.
The Savannah members of the Macon
| Construction Company seem to have had
some thus far unexplainable method of
keeping well informed as to every move
| ment made by Col. Machen while in New
| York, and it is understood that within half
an hour after the receipt of Col Machen's
| private telegram to the Seaboard company
parties, announcing that he had placed the
| block of bonds, one of the Savannah mem
wanted to know if there was not some way
| by which the matter could be settled What
| was the result of the conference is not
known.
THE MACON CONSTRUCTION COMPANY.
| The outlook now is that the Macon Con-
| structon Company will build from Macon
to Swainsboro with vigor equal to that of
| Col. Machen, and push forward with greater
zeal the road it Is now constructing from
Macon to Birmingham.
Dublin apparently is again left DUB in the
country off line Of railroad, but the con-
| trary is true. The Seaboard company, with
its Oconee River road, will doubtless build
| from SwainsborO to Dublin, a distance of
only about thirty miles.
| Where will these railroads find deep
water facilities~ is question that Is now
being asked, and on that score there is a
! hint that the Savannah and Atlantic rail
way may figure conspicuously before the
matter is determined. That the South
Bound, Middle Georgia and Atlantic
| Macon, Birmingham and Savannah, and
| Dublin and Savannah roads will unite in a
union passenger depot on the Springfield
| plantation on the property which the city
has granted the South Bound an option,
seems quite probable, but whether the four
| systeIus win combine in the terminal prop
erty for the receipt and discharge of
freight Is not so clear.
THE sEABoARD CoMPANY's PLANS.
It is believed that the Seaboard company
has sn option on the Vale Royal property,
| and some of those interested in the South
Bound have an option on 800 feet Of water
frontage on the Deptford plantation, but
there are those who believe that extensive
wharves are contemplated at the north end
| of Tybee island for all coastwise and foreign
export freight, where naval stores, cotton,
lumber aud timber may be loaded on ship
board in sight Of the sea.
This week being Merchants week will be
| largely given up to the trades displays and
| festivities incident to the occasion, and
may somewhat retard for few days active
railroad operations by the projectors of the
roads coming this way, but next week will
be one of activity, and it will only be O
question of short time when the South
Bound and the Machen men will be throw
| ing dirt, both beginning at the Savannah
end of the line. Col. Machen says that by
| building from Savannah he can cheaper the
cost of construction $500 per mile, saving
that much in the freight on iron and bridge
material. He is expected to reach Savan-
nah to-day or tomorrow.
The directors of the Savannah Coustruc-
ton Company will meet tomorrow and it
is expected that the engineering corps will
| be put in the field before the week closes,