The evening herald. [volume] (Shenandoah, Pa.) 1891-1966, 1892-02-03
SUNNY SOUTH /!
EFFORT TO FLOAT SOUTHERN
STOCK.
TOWN PEOPLE INVESTIGATING
Other Doings in the Borough.
Some of the Electric Oars
Arrive and Attract Con-
siderable Attention.
Yesterday several Of our prominent
townsmen received postal cards with the
following printed on the back:

following printed on the back
SHENANDOAH, Feb. 1st 1892
Dear Sir:-You are respectfully invited to
attend meeting Of personal interest to your
self this, Tuesday, evening, at O'Clock, in the
"P. J. FERGUSON,
Per O. Z, H.
In response to the request five mystlfed
townsmen and a HERALD reporter seated
themselves in the paror of the Ferguson
House alter greetings by @. P. H." or
Q. 2 Hover, formerly sf Bryn Mawr.
What are we here for p was answered by
Mr.. Hover, who stated that the meeting
had been called in the interest of the Nor.
folk, Wilmington and Charleston Rlilroad
OJmpany.
Mr.. Hover is a gentleman of plain, but
well-to-do appearance, suAve in manner,
clean cut, business-like countensnce and a
head of hair that is fast turning white.
After few preliminary remarks he spread
upon table two maps showing the route
of the Atlantic Coast Line and the pro-
posed route of the Norfolk, Wilmington
and Charleston Railway. The road, Mr.
Hover showed by pamphlets and other
documents he held in hand, was chartered
by the Legislature of North Carolina on
March Sd, 1891, with capital stock of
Sc 600 900. The general offices of the COM
psny are at 2l2 South Third street, Phila-
delphia, Pa. The road has the chartered
right, according to the documents, to build
its road through the state OF Virginia, and
has secured in North Carolina 'one of the
most liberal charters ever granted" Also,
lit will form the inside Atlantic Coast
route, and shorten the distance between
Norfolk, Philadelphia, New York, Boston
and all other northern points, and Charles
ton, Savannah, and Florida, over one
hundred miles over the distance traversed
! by the existing lines. At Norfolk it will
connect with the Pennsylvania Railroad
system" The prospectus also states that
the road will run through the richest and
best trucking region of the United States,
traverse the largest timber district in the
South, and open up a great rice, cotton
and naval stores producing country. 1t
will also open to immediate settlement
hundreds of thousands of acres of land,
and establish numerous tOwns,n
| Mr.. Hover stated that the company now
has thirty-hve men at work securing right
of way, and that the townships along the
line are exp cted to contribute 81 200, 90
The townships will issue their bonds in re-
turn ior stock Of the company. One place,
h said, with population Of but 16 COO has
Already pledged 500 0OO Mr.. Hover
said that the sub-criO O.ion business as in
good hands and, as in all like projects,
politics were playing an important part in
the interest of the project The people VIII
make the subscriptions by public election
and the county chairmen, both Democrat
ic and Republican, are urging the people
to vote for the subscript on with S15 per
week and expenses, Ia toal estimated cost
of $1,000 to the railway company as an
incentive. The Governors of the North
and South CArolinas, he said are alsc
fright in it," Continuing Mr.. Hover
said, 1--WE have the Quays. wallaces sno
Harritys of North and South Oarolint
with u.s." The eompany's competitor il
the Atlantic Coast Line people, and if the
NompahJ WIZ sup opFHhbiOus No'uhy bub9
will willingly pay So 60 for every dollar
IinYested,
The road has been surveyed, but is not
staked because, Mr. Hover, SAID, the com
pany wants to keep the people in Ignorance
of the exact line of the road until afte
they vote their subscriptions. The engi
neers have made two parallel surveys, snC
the people are not sure which will be fol
lowed. The adoption will depend upoI
the highest bidder. After Mr.. Hover hat
figured up how the Atlantic Coast line
paying 10 per cent. on its bonds, he SAT-
he will cali upon his listeners within tw
or three days and talk more on the subject
The meeting adjourned.
Mr., p. j. Ferguson was present as di
rector of the company, he having taken
S5 900 block of stock. Mr.. Hover says h
only has about $4,000 worth of stock lei
and that the company is willing to Civ
Shenandoah seven direetorships If he
people will take the stock-that is seve
directorships in the railway, construction
and land boards. Mr.. Franey, who was d
the meeting, said last night that he did nc
, exactly understand the matter, that
looked to him like wheel within a wheC
arrangement, but il was understood to-da
that he had decided to join Mr.. Ferguso
as Southern railroad maRnate.