The morning news. [volume] (Savannah, Ga.) 1887-1900, 1895-03-23
1T IS PRACTICALLY ASSURED.
A NEW LINE BETWEEN SAVANNAH
AND MACON TO BE COMPLETED
soon.

The People BACK of the Macon and
Dublin Have Put in Their Money
and Results Are Necessary II They
Expect Returns-The Purchase of
the Atlantic short Line Gives Them
Eighty-sIx Miles of Railroad Ready
for OBeratiOn-The Enterprise
Hacked BY Chicago Capitalists and
An Early Completion of the Road
20 This City is Looked For.
The purchase by the Macon and Dublin
railroad Of the Atlantic Short Line prop
erty practically assures the completion
OF another line from Macon to Savannah
and probably within a short time.
Mai. J. +. Hanson. one Of the promi-
nent stockholders Of the Atlantic Short
Line. was in the city yesterday, and to a
representative the Morning News ne
said the account OF the transactions as
given in the Morning News dispatch from
Macon was practically correct. The pur-
chase, he said, was made outright for
S250.OOo which will go TO stockholders and
creditors Of the Atlantic Short Line prop
erty on a pro rata basis.
The stockholders Of the Atlantic Short
Line, at a recent meeting. decided to
issue s3s0,OOO Of bonds ON their property
for the purpose Of carrying on the con-
struction and settling some Of it's indebt-
edness. They did not succeed in getting
subscriptions to the issue to an extent
sufficient to warrant them in putting II
out, and the bonds were never issued.
President John r. Young. Of the Atlantic
Short Line, has been quietly working on
the line between Bruton and stillmore,
and had 80 miles there graded, and about
30 miles OF track down.
Both the lines were working in this way.
and the apparent end in view with each
was TO build into Savannah. Negotia-
tons have been IN progress some time,
however, TO bring about a consolidation
OF the two properties and several propo-
sitions were made by both Sides Some Of
them were for a sale outright OF the
property of the Atlantic Short Line, while
others had In view a consolidation OF the
two properties with an equitable division
OF securities in the company thus formed.
me final agreement, which has been
accepted, is for an outright purchase OF
the property.
The Macon and Dublin, which is the
property of the Georgia and Illinois I'm
provement Company. now has in opera
ton nfty-four miles of road from Macon
to Dublin. The Atlantic Short Line be-
gins at Bruton. which is seven miles
north Of Dublin, and both these points
being on the Wrightsville and Tennille.
II may be that for the present the pur-
chasers of the Atlantic Short Line can
make connection with their new prom
nv using % w
Vile and Tennille railroad. This, with
the building of six miles. would carry
them to Stlllmore. which leaves about fifty
miles more of railroad to build to bring
them into Savannah.
Vice President E. P. Ripley of the Chit
cago, Milwaukee and st. Paul system, one
OF the ablest railroad men in the west
stands among those at the head of this
enterprise, and there is no doubt that
its projectors mean business. They are
almost all wealthy men and went down
into their pockets and paid out about
100000 for the construction OF the nifty
four miles of the Macon and Dublin rail-
road now in operation. Whether they
Will pay for the Atlantic Short Line in the
same way is not known, but the presump-
ton is that they intend to own the en-
tire line from Macon TO Savannah among
themselves. So far not a bond nor a
share of stock has been issued on the
property, and il is believed it will be
continued as it has been begun.
The Macon and Dublin has secured an
extension of time from the city in the
matter of acquiring terminals here. The
time was extended for sixty days, pend
ing negotiation between the two project
ed lines, and it is likely that the Macon
and Dublin will be granted another years
extension on condition that assurances
are given that the road will be built
within that time. The road is projected
through a section rich in timber and naval
stores and its completion to this port will
no doubt be of great commercial advant-
age. The line will be some thirty-five
miles shorter than the Central railroad
between Savannah and Macon, and no
completion.