The morning news. [volume] (Savannah, Ga.) 1887-1900, 1895-12-10
A MILLION OF CASH IN BANK.
THE GEORGIA AND ALABAMA To BE
HERE FOR THE NEXT COT
TON SEASON.

President williams Says the Engi-
neers Are Now Making Preliminary
surveys of Two or Three Different
Routes-AbsOIutely an Independ-
ent Line, Because the Oting Power
of the stock Is COnhded To Trus-
fees-The Roads Earnings This
Fail Better Than They Have Ever
been I'm Its History.
President John SHELTON Williams Of the
Georgia and Alabama railroad spent yes
terday in the city. President Williams,
while not on "A business trip, is neces-
sarily on the alert for the property's in
terests. and since its reorganization 1t
shows every indication of a bright and
successful future.
What progress has been made on the
work Of extending the line to Savannah p
he was asked by representative Of the
Morning News.
The syndicate. since the reorganiza-
ton. has turned over 81. 0O0 900 in cash out
side Of the earnings, into bank" he said,
land whether we build or buy we are
prepared TO get to Savannah from Lyons
by the opening Of the next cotton sea-
son. and perhaps a good deal before that
time
If we can purchase the Lyons branch
on reasonable terms, we will be glad TO
take it, but we are not going to remain
Mactive pending any negotiations that
may be made on that line our engineers
are now engaged in making preliminary
surveys of two or three available routes
between Lyons and Savannah, ana II VIII
not be many days before we VIII be IN a
position to commence building should we
lind IT necessary to do So
There is no doubt about the new com
pany keeping the line an entirely inde-
pendent one?" was suggested.
1T is absolutely and necessarily indie
pendent Of any other line, Mr.. Wiilams
replied, because the voting power OF lne
stock for the next hve years is vested In
seven trustees in such "a manner that 10
is absolutely beyond the power OF any
competing line 10 secure control. This
has not been stated before, but it should
leave no doubt Of the Independence Of the
property in relation TO other lines.
How about the earnings since reor-
ganiZation?' he was asked.
The business this fan has been the
largest In its history, was the reply IN
fact, October was the largest month 1t
has ever had. For the next fye years
the only absolute fixed charges in inter-
est will be about $500 a mile per annum, or
less than one-hfth the fixed charges on
the Central railroad under its reorganiza-
tiOn so we have absolutely no doubt as
TO the future OF the property"
President Williams seemed satisfied with
the announcement the new company is
receiving in its project. There is no doubt
that II means business, and the question
now in the minds OF the people is, How
soon Will II be here?' President Williams
has answered that question in saying that
It will be hauling cotton into Savannah
next season. Certainly with a million dol
lars cash in bank there is no reason why
the new company should not secure the
necessary 70 or 70 miles of road, and that,
too, within a comparatively short time
The question of a terminal has not yet
been definitely decided but it is under
stood the officers of the company have in
their minds the proper location provided
they do not encounter too many difficult
ties in getting at IT,
Mr.. and Mrs. Williams came up from
Florida in Mr.. Williams private car on
Sunday, and have been stopping at the
De Soto. They have been on their bridal
tour, and before returning to their home
in Richmond, viii go to Americas, for
which place they leave at 7 o'clock this
morning.