The Savannah morning news., 1900-09-11
ITS SIXTH ANNUAL REPORT.
INTERESTING INFORMATION GIVEN
oUT m SOUTHERN OFFICIALS.


resident samuel spencer Reported
10 the Stockholders Upon the rs.
enlistment of the Line Into "a.
vannnh and the Construction OF
The Cut-on via HardeeviIIe-Ths
Latter VIII he Completed in Time
Tor the winter Tourist Traaie
southern WIN own n onc-thIrd In.
terest in the linton station at sa-
,nnnnh - Development of the
south-Freight aud Passenger sta.
tisucs.
rle sixth annual report OF the Southern
Railway. IN pamphlet form. has been H.
sa.d. President Samuel Spencer in his re-
ia-l 60 the stockholders, says.
IN pursuance OF the plan lnaugurated
ir the last fiscal year. by the purchase OF
tsa Carolina Midland Railway. the last.
g. ired company. during the summer and
faI OF 1909 constructed a cutoff between
Cayce near Columbia). $. C.. and Perry
g.. si.i2 miles In length. thus giving this
company the control OF a direct line o.
. -.
connecting there with the Charleston and
western Carolina Railway. Trackage
arreements were made with the Charles
con and Western Carolina Railway and
me Plant System for the operation OF
southern Railway trains from Allcndale
20 Yemassec. s. c.. and from Yemassee.
s C.. into Savannah. Ga. including the
use Of the Plant System terminals az sa-
vlnnah. This company was thus enabled
90 run ms own trains into Savannah from
,le beginning Of last winters Florida pas
senger traffic. and the Florida service has
been since successfully operated over the
new route IN connection with the Plant
Svstem south OF savannah
Under the trackege contracts above
referred to, provision was made
Tor the future shortening OF
tn4 line. II desired. and the mod
ifcation OF the ;racksge agreements ac-
corlngly. II has now heen decided to do
mis- by the construction. by the Carolina
Midland Railway Company. of "a line
about So miles In length. from Allendale.
s c.. 70 Hardeeville. $. c.. on the Plant
system, and Il IS expected that the new
lue will be completed IN time for next
winter FloftHd AfdUlGs
TO provide funds without creating
floating debt, and pending the permanent
funding Of the cost OF these properties
and extensions. certificates of indebted
ness. bearing I per cent. interest. were
issued and sold in June last, as stated
above
Arrangements have been substantially
concluded for the construction OF new
union passenger station at Savannah, Ga,
ard terminal tracks connecting a with
iae several roads entering Savannah. The
Southern Railway Company will own a
0re-third interest in the property. and
vii enjoy equal rights with other own
efs IN its use and operation.
The development Of manufacturing in
dustrles IN the South. has continued dur
irg the past year In marked degree.
Upon the lines OF this company. or
tributary thereto. 5ii manufacturing in
dustries and plants were completed aud
began operations during the year. includ-
log:
"Twenty-sevon new cotton mills began
operalious equipped with ASS looms and
.aiss spindies. ana having o combined
authorized capital OF $4,000.
The equipment OF the Old cotton mills
VAS increased by the addition OF . 40
lo5ms and 2S702l spindles. the improve
montA having an estimated value OF 81
tE
The total increase during the year IN
the eapacity OF active cotton mills trib-
utary 10 this company's lines was there
fore. si7 looms and 507. iTs spindles. the
additional capital invested being about
s,9s0oo
'Twcnty-one knitting mills began opera
ti-us with estimated capital OF s59i.Ooo.
There were put In operation during the
Year. A new steel mill M Ensley Ala.
capital. 100000; a new wire and rod mill
az Ensley. Ala, capital 100000: an iron
pipe Plant, North birmingham Ala. cap
iial Si750Oo. and fourteen pig iron fur
uaces went into blast
-Four hundred and forty-nine miscei-
laneous Industries were established and
put in operation during the year. among
which may be mentioned thirty-nine fur
riture factories. 30 woodworking plants.
q lumber mills. % eottonseed oil mills,
- Tour mills and seven cannerles.
The year has been one Of unusual bus
iuess activity and growth IN the territory
reached by your company's lines.
The iron and coal industries OF The
southern states have been stili further de-
velOped, and the large and modern steel
Plant referred 10 IN the last report has
t'en completed and put IN successful oper-
alton al Ensley. Ala. II has now been
determined by the owners 90 ada to this
pant a min for tho rolling Of steel rails
an industry much needed for the fun
utilization OF the products OF Southern
furnaces. and. n successfully maintained
81 much possible benefit TO che railways OF
t1' Southern states.
The improved price OF cotton during
me year as compared with that OF recent
Ne1rs, has greatly benefited the entire
'"fion producing section. the surplus stock
e. previous years having been consumed
ana the farmers fortunately having re-
Veived a full share Of the advance
rs pointed out elsewhere. the develop
m ~ OF cotton manufactures In the South
continues upon steady and substantial
iaeis. and Is contributing largely 70 the
Prosperity Of that section OF country
The increased business activity
throughout the country during the year
mas resulted. however, in a large increase
IN the cost Of the operations OF the rail
ways. both In labor and in materials used,
ana unfortunately the railways could not.
o. other consumers can. Increase the av-
eiaRe price of the sole article which they
rave for sale-namely. transportation.
IN "a comparison OF statistics OF freight
ana passenger trafiic. Third Vice Prcsi-
cent and General Manager Frank $. Gan
non says.
The freight earnings increased t.2l5,
@NA or 1901 per cent.
The number OF tons OF freight carried
increased !. SIS. 52i tons or 1914 per cent.
The number OF tons Of freight carried
one mile Increased 81 .Ts9. 23s tons. or 1884