The morning news. [volume] (Savannah, Ga.) 1887-1900, 1894-12-30
TO ISSUE 100000 OF BONDS.
Arrangements for the Completion Of The
Atlantic Short Line.

The Stockholders to Meet Jan. 80 to
Pass a Formal Resolution Providing
for an Issue of $4,000 a Mile in
Bonds on the Thirty-Eight Miles Be-
tween Bruton and stnlmore-A Board
of Directors Elected for the Ensuing
Year and Provision Made for Continu-
ing the Work.
A special meeting OF the stockholders
Of the Atlantic Short Line railroad has
been called for Jan. 30. to be held in the
Office Of 3Iessrs. Charlton Mackall & An
derson. for the purpose OF formally au-
thorizing an issue OF bonds on that por-
ton Of the road now almost completed
between Bruton. I'm Laurens county, and
Sullmore. in Emanuel county.
This issue OF bonds was practically
decided on at the annual meeting of the
stockholders Of the road held here. but
it was determined best for legal reasons
to have the matter advertised for thirty
days. at the end OF which time a formal
resolution authorizing the issue will be
passed by the stockholders.
The stockholders of the Atlantic Short
Line contemplate issuing bonds to the
amount of $4,000 per mile on that por-
ton of the road which has been built
between Bruton and Stillmore. The road
between these two points has been com
pleted for distance of twenty-five miles
as was shown by the report of President
John r. Young, and the balance or the
entire thirty-eght miles between those
two points will be completed in fifty
days or two months. Thus an issue of
nearly $4,000 is contemplated and viii
be made as soon as the meeting of Jan
80 has passed on the matter. The annual
meeting of the stockholders has already
authorized the issue and has made ar
rangements for having the bonds printed
The proceeds from the sale of these
bonds VIII be used to pay whatever in
debtedness there is on the road, and to
pay for the completion Of the line between
Bruton and Stillmore. This distance has
already been graded and thirty-pound
rail is being laid. Within two months
time the line between those points will
be ready for operations, and by a connec-
ton with the Macon and Dublin by
means of a short fve-mile branch from
Bruton to Dublin, the line can Do oper-
ated between Macon and Stillmore in
Emanuel county. Much of that part of the
line that has already been built is paid
for and there will likely be some funds
left from the proceeds of the bonds with
which to continue the construction Of the
line in the direction of Savannah
The annual meeting of the stockholders
at the office of Messrs, Charlton, Mac
kali & Anderson was largely attended,
and all present were DESTROYS that the
work Of construction of the Atlantic
Short Line be continued to completion.
President John Il. Young read a report,
in which he showed that the line be-
tween Bruton and Stillmore would be
completed and ready for operation with
in forty or fifty days. The directors
elected for the ensuing year are: John
X. Young, w. W. Williamson and S.
Meinhard of Savannah w. l.. Strong,
Henry Rice and Sol Stein of New York,
j. L. Hanson of Macon and ]. l.. Nc
Kee of Memphis 1t will be noticed that
the recently elected mayor of New York
city is a member of the board. and it
contains two of three well known mil
lionaires. Mr.. Walter c. Hartridge was
elected secretary of the board.
Among the prominent stockholders
present were Messrs. Isaac Meinhard and
w. E. Strang of New York, Messrs. 5.
r. Jacques, Dupont Query, ]. f. Han
son, Hon. Washington Dessua, Hon. c.
l.. Bartlett of Macon and Messrs. 1. L.
Mckee and J. S. McTighe of Memphis and
Messrs A. Vetsburg, w. w. Mackall,
John r. Young, f. Eckstein, Samuel
Guclienheimer. S. Meinhard and W. w.
Williamson of Savannah.
Little or nothing was done with re-
gard to the plans for the completion of
the road from Stillmore in Emanuel coun-
ty to Savannah. The distance from Still
more to Pineora, where the Atlantic Short
Line will cross the Central is about
fifty-nine miles. The right-ofway for
this distance is already owned by the
company, and most of the grading be-
tween these two points has been accom-
plshed. The distance between Pine
ora an@ Savannah by the way
in which the line is intended to run is
about twenty miles. The total distance
by the contemplated line between Savan-
nah and Macon will be about 100 miles, or
about 80 miles shorter than the dis
lance by the Central railroad. 1t is the
intention and purpose of the stockholders
to complete the line, but their object first
is TO dispose of that part of it on which
they are now working. 1t will have num-
erous feeders all along the route between
Savannah and Macon, as it crosses about
a dozen small branch lines