The times. [volume] (Richmond, Va.) 1890-1903, 1898-10-07

that portion OF the Central OF Georgia
railway between Meldrim and Savannah.
which they have hitherto been operating
under a lease contract. AS this road
is tho shortest existing line between
Birmingham and Savannah. II Is probable
that its ownership of Independence term
inals and the facilities provided Tor
handling coal and pix iron VIII nave
very material effect upon the development
OF the coal and iron export trade from
the Alabama regions. Besides the Louis
Vile and Nashville connection 10 Mont
gomery the Georgia and Alabama has re-
Gently secured a direct connection Win
the west over the new Montgomery divi-
sion of the Mobile and Ohio Just COM
pleted. giving savannah another direct
connection with Kansas city and ST.
Louis. All OF the funds necessary for
this great development have been secured.
The bonds Of the terminal company.
which will do the work. are guaranteed
by the Georgia and Alabama railroad and
have been oyer-subscrlbed within the past
few days when the books were opened for
private subscription. close estimates,
which Fave been made as 20 the probable
revenue 90 be derived as a result OF this
development. give assurances that the In
crease in the railroad company's net earn
ings is likely TO be four times as much
as the interest on the cost of construc-
ton.
ln giving elaborate details. Of which
this is only a brief summary, the Man
ufacturcrs Record says that Il regards
this as probably the most important
move made for several years looking 20
the upbLi.ding OK the South. IL not only
means great increase ia Southern eN-
ports but 10 means that such modern
facilities for handling pig iron and coal az
Savannah will materially affect the
growth OF this business. so vital 20 the
upbuildIug OF the Central South.
one Ot the southern interests 20 be bene-
flied by tho outcome OF the war IS lum-
Der There was Il considerable trade IN
pine with Cuba and other islands OF the
Wes- indies before the disturbance I'm
Cuba interrupted business OF an kinds.
Now that the war has resulted I'm bring
ing the islands into closer connection
with the United States. tho manufacturer
and dealers in lumber. and its products
expct t0 increase thir business larger.
The various trunk lines OF railroads ter
minlung 10 The South Atlantic and Gulf
ports, along which hundreds OF saw
mills are operating. are preparing for an
unusual amount OF lumber traffic. and
NttfaNiN INC nlNE'I''t' tNA hAi' hHA t'N" Hat 90
are i'm correspondence with mill men in
the interior in regard to the quality and
quantity of lumber for shipmen, 20 Cuba
and other islands i'm the Antilles. New
Orleans Mobile and Ogner ports are al
ready Shipping lumber 90 Cuba. and capt
talists from the South have located IN
that island for the purpose of developing
timber lands and otherwise conducting
trade. Well known lumber men along
the Gulf coast are Inspecting the oppor-
tuniuos Tor developing the cedar. ma
hOganY and other woods OF Cuba. and
several are now negotiating Tor the our
chase OF valuable sections among The
mahogany groves OF cuba. savannah and
Charleston lumbcrmen are on the alert
and are counting tho trade OF the islands
90 which &c is expected large quantities
" Georgia pine VIII Doe exported. There
is "a tendency in some quarters 10 favor
the DEVELOPMENT of hardwood timber
lands I'm Cuba. and some have decided
90 look into and investigate the oppor-
uni,les for developing the rich forest
areas OF chat island. when one considers
that cuba contains 100000 acres OF vir-
Gin forest. with number OF varieties
of the most valuable woods OF commerce
such as mahogany cedar. gnum vitae.
lance wood. ctc-the development OF
which Con the past has been badly man
aged and the lumber industry neglected.
tine opportunity for capital 300 this de
rrction BIZ appreciated.
I'm the meantime reports 20 the Manu-
facturer5 Record show that the indus
tries of the South AR progressing steadily.
4 letter from Charlotte y. g., tells of
the visit there during the week OF a
score OF mill men from tho North who
could not fail 10 be impressed by the
vigor of the textile industry as mani
tested at that thriving manufacturing
centre. From Dirmlnsham comes the re-
cord Of tine strong condition of the iron
enterprises and their ally. coal Among
che important enterprises reported for the
week by the Manufacturers Record are
o. 50-barrel flour mill at Tor. Payne. Ala;
r-barrel flour mill at Florence. Ala;
So 500 cotton gin and grist mill az Forest
CITY, Ark. 5000 barrel mandatory at
Oolh. Fla. l0-barrel flour and 300
bushels meal mill at Rome Ga; $4,000
pipe line company at Somerset. Ky
$1,000 glass company az Louisville. KY;
100000 filter company and $4,000 laundry
company at Baltimore. Md. 20-tOn cotton
seed oil mill az Magnolia. Miss. 2i-Oar-
gel -four mill at sylvia. y. c.; S-ton ice
factory 40 Greenwood. 5. e.. $4,000 water
works and electric light plant az Orange
burg. s. g.. $4,000 brewery al Nashville,
Tenn. $4,000 water works at Gallatin,
Tenn: 40-barrc -four mill az Corsicana,
Texas. $1,000 on wei company az Trim
uv. Texas. 10000 electric light plant and
ice factory ar Wharton. Texas, H-ton zee
factory at Newport News. Va, $4,000
stocKyards ar richmond. Va: ''OWO pea
nut factory ar Suffolk. Va; 25-ton ice
fscfo-,, az Nayyporf News Va. and SO