The Greenville times. [volume] (Greenville, Miss.) 1868-1917, 1898-04-23
THE GREENVILLE TINES.
A New Railroad.

The long eApecueu llhe uoMh 'n0
West bank of the Mississippi from
Memphis to New Orleans:
"The Memphis, New Orleans
and Texas Railroad is the latest
announced railroad corporation
that will seek the right to enter
the city of New Orleans. AT this
writing, the project is only in its
inltiatory stages but there is re-
liable authority for the statement
that the railroad will soon be be-
yond this condition, active build
ing operations being practically
decided upon so soon as the pre-
liminary legal requirements are
complied with.
In one important particular the
new company will differ from the
run of like enterprises of late
wears. They will not seek entry
into the city on the east side of the
river, New Orleans proper, but
will make their terminal at the
Algiers portion of the Crescent
City. The road, according to the
specifications furnished, contem-
plates operating a line that will
tap the following parishes: Or
leans, East and West Baton
Rouge, Point Coupee, Avoyelles,
Concordia, West Feliciana, Ten
sas. Franklin, Richland, More
house, Madison and East and
West Carroll. The road will cross
the Mississippi river over the rail
road bridge at Memphis.
The company will be capitalized
for three and one half million dol
lars, which will be expended in
this State, and the right is reserv-
ed by the projectors to increase
this capital accordingly to the laws
of the company as provided. 1t
is expected that the total cost of
construction will exceed eight and
a half million dollars. The legal
domicile of the organization will
be in New Orleans, and it is pro-
vided that the first board of direc-
tors shall consist of five of the
stockholders. The incorporators
are: W. A. Percy, j, H. Wat
kins, H. L. Armstrong, P. Pid-
geon, Otto Schwill and e. L.
Phillips. All Of these gentlemen
are from the city of Memphis, and
are men of promin ent standing
in the comnanity It's stated that
practicaiiy unlimited capital is be-
hind the enterprise and the pro-
iectors are confident that as a
business effort success will be
theirs from the start.
Mr.. w. A. Percy, one of the |
incorporators of the company, |
was interviewed last night at his |
hotel, and the gentleman spoke |
freely on the subject. Mr.. Percy |
is the son of the late Col. w. A.
Percy, of Greenville, Miss, who
was the general counsel for Yazoo
and Mississippi Valley road until |
his death. Col. Percy is describ- |
ed IS having been, during his life, |
one Of the most popular men in
State Of mississippi, frequently !
refusing distinguished offices at |
the hands of his fellow citizens.
Mr.. W. A. Percy said last night:
You are quite correct in the
report that you have heard that
line of railroad is to be built be-
tween this city and Memphis, run
nlng along the west bank of the
river, and as close to it as prac-
ticable. The matter has been I'M
der the consideration of prominent
Western capitalists from Mil
waukee and St. Louis, for some
time. l and Judge J. H. Watkins,
corporation counsel at Memphis,
and some other Memphis gentle
men, are the incorporators, 1t is
true, but as a matter of fact we
are simply representatives of the
capitalists that | have referred to.
| want to say now that the gen
tIemen who are behind this project
are in no manner interested in any
railroad that enters into either
Memphis or New Orleans. Let
that be clearly understood. These
gentlemen, having practically I'M
limited capital behind them, are
confident that railroad will prof
itably occupy the territory men
toned, with the local business and
such through business as the com
pany may secure. New Orleans
States.