Fort Worth gazette. [volume] (Fort Worth, Tex.) 1891-1898, 1891-04-14
FAVOR THE SOUTH.
Reasons Why Southern Railroads are Good
Investments.

Reasons Why Southern Railroads are Good
Investments.
V. X. Stevenson. the New York bankers
and brokers, IN their weekly letter say:
Their seems TO be no bear market at the
present time Although the week was dull,
the greater majority of stocks have scored
marked advances, noticeably c. B. & Q.
I per cent. Rock Island per cent. 1t
is significant that, although theFarmer' SAL
lance has made great progress in the mat
ter Of organization during the last six or
eight months. legislation suggested and ad-
vocated by It has utterly failed, both IN
state legislatures and in congress.
1t is unfortunate for Wall street that at
this time it continues to dwell upon the
past. The trouble OF European bankers
and investors, growing out OF their South
American ventures, are still regarded by
Wall street as of first importance; although
an official statement has been made public
showing that the estate of the Barings has
been more than half liquidated. and that the
loss to those who have undertaken the man
agement OF that estate cannot be very large,
even assuming that all OF its South Ameri-
can property should have to be charged OFF.
How is it possible to properly estimate
the future value of such property as the
Louisville and Nashville railway systen2
Does it not run from the center Of the great
grain and stock growing valley OF the Ohio
river right into the valley of the Mississippi
at New OrleanS2 Carrying provisions
South we find the same freight cars re-
loaded with cotton, rice ssugar and the like,
TO bring back North. What has been the
result Of these double frcights? a 5 per
cent cash dividend in the face Of the fact
that it took twenty odd years to reinstate
this property after the ravages of the war.
Does not the superb Nashville and Chat
tanooga railway, under the able manage
ment Of President Thomas, pay regular
per cent dividend? Is it not 4 fact that on
the line of the North and South Alabama
railway, between Montgomery and Deca-
tur we find IL the great iron sections one
freight train after another packed on side
tracks, waiting for hours to get on this sin
gle track road, which will soon, by neces-
sity, which even now should be, double
track? We do not appreciate ana have not
even begun to realize the immense, wonder
full future of the Southern section of our
Union, now fortunately cemented forever.
Iron bridges, with stone abutmentS, have
now taken the place on this vast system, of
the destruction and desolation caused by
one army wing with the other from mill
tary necessity in the demolishing of its
property, and hence it is that after twenty
odd years of hard work, this system, SO
magniticently managed by President Smith,
our correspondents can, with confidence,
buy this stock for cash. or on margins. The
destination of Louisville, we consider it
conservative to predict, IS to go higher and
remain higher than l.. S., now selling at
1lO, in consequence of its great length and
aforesaid unparalleled double freight supe-
rior advantages.
Assuring our correspondents, who have
recently purchased Louisville and Nash
VILE st. Paul, Chicago, Burlington and
Quincy and Rock Island, that our opinion
has not il any way changed as regards a
continual rise, and suggesting that it would
be as well to watch Tennessee Coal and
Iron, after the result Of the election of di-
rectoIs tomorrow, we are yours with re-
spect,
Y L SrrypSsnN L co