The Anderson intelligencer. [volume] (Anderson Court House, S.C.) 1860-1914, 1897-12-08
A GREAT PROJECT.
rhe Black Diamond Railroad Will be Built.
COL Wn e.
Of No,. ISo71

iaii VIII crc fouS give eucH results
that will surprise the stockholders
and cause them to regret the sacrifice
they have made in disposing of their
holdings in time Of temporary dis
trust and depression
How well this prediction has been
verified let the present market quota
tions of the Illinois Central r. r. be
the answer.
Without noise or flourish of trump
cts and in the heart'of the late finan-
cial depression, another North and
South trunk line, the Kansas City and
Gulf i. r., has been constructed with
Dutch capital at cost Of $20, ,OOO, 900,
and thrown open for business in Sep
tember last. Although this road ira
versed long sections Of country entire.
~ unproductive, yet the daily papers
of the last few days have told US it
has already made such inroads on the
freight business of the East and West
roads that they have taken concerted
action against it.
Having thus shown the Importance
attached to North and South trunk
line, by public men in the past, and
tho successful operation of those al
ready constructed, I wish to call at
tention to few facts, proving, as
think, that the Black Diamond enter
prise is better than either of the two
others, aud why it must be paying
enterprise from the start.
shall say nothing about the steps
already taken to insure the necessary
capital for construction, but you will
concede, think, that in the present
conditions Of the money markets Of
the world, there is. not che slightest
difficulty to capitalize any legitimate
paying enterprise. Capitalists are
eager for such chances.
| Here are my facts:
The Ylliaois Central r. R.aaps the
resources es tie sas;ss;ssippi Valley,
the Kansas City and Gulf road, thoss
Of the Missouri Valley.
The Black Diamond will tap those
of the Ohio Valley, richer:ia mineral,
agricultural and manufacturing re-
/ sources than both the Others com
5iued. /.
| It Will BE the loves. grade aud.
shortest route from the Ohio Valley
to the sea, and consequently must dis
tancesela competitors for freight.
| Ii has tributary coal area greater
than that of any two of the other
trnnk4roads, as shown by U. S. census
'renort
Il taps the center of the greatest
corn producing area of the United
States.
! It passes through the finest timber
/ districts east Of The Mississippi.
4 It opens up one of tie richest agr;-
'cultural districts of Kentucky.
1t opens up the untold mineral re-
sources Of East Tennessee and West
'ern North Carolina, their states, mar
ibles, onyx, ETC., long known to be the
| fincstSon the Continent.
Itintersects the great rice fields of
the South.
| has the finest seaport on the
South Atlantic coast. Neither New
Orleans -H-r Port Arthur can be com
ipared to Port Royal
It will be complete trunk line
from the start, and not a sig-sag col
lection Of local roads aggregated into
| Q syetem. q
IT can now be constructed and
equipped at 20 per cent. less cost
imam in former years, and will haye
all the advantages of the most modern
improvements and equipments, to OBJ
tain which have cost older lines.im-
mense Sums in experiments ex
II has an area tributary e it CON
taing over 5000, ,0GG OF population
and one-fourtL Of the, wealth Of the
United States.
The people in Tennessee and Sonth
Carolins stand prepared to issue
bonds Of their respective oounties and
municipalities, to guarantee tho inter
est on she bonds of the Black Dia-
nlond q. r. To- the aggregate amount
!of 81 300, 600. LASTLY, it is the pco-
|sple' 8 movement, and as such will