Virginian-pilot. (Norfolk, Va.) 1898-1911, 1900-09-02
INDUSTRIAL NEWS.
The Effects of Railroad Extension
in the South.
Branch Roads to be Constructed Next Win
ter-InterestIng Plan of Financing in
MIisslsslppi-A Very Gratifying Exhibit.
(special to vlrglnian-Pilot.,

Baltimore. Md, Aug. 31.-Typical of
the beneficial effects OF railroad extern
sion in the South are few facts set
forth in correspondence of the Manu-
1acturers' Record from jackson, Miss.
1t has not been long since the Gulf and
Ship Island railroad was completed
from deep water, on the coast at Gulf
port, to jackson, the capital and al
ready it is having as much business as
IL can possibly handle. The road runs
through rich section capable of devel-
opment on several profitable lines, par
ticularly in lumber. and its completion
10 jackson has brought two large
pianing mills to that city, q saw mill
is preparing to begin operations and
other woodworking plants are in con-
temptation. While considerable activity
has been general building operations
u is stated on good authority that the
LIMOS Central railroad contemplates
putting In four or five branch roads
TINS winter to touch several portions
of Mississippi rich in natural resources
and only waiting the touch of the rails
to develop.
FINANCING IN MISSISSIPPI.
An interesting phase of Mississippi
prosperity appears in the financing
connected with the building of the
State Capital. Provision was made for
an issue of S1.000.o00 worth of bonds
ana notice was given that $3.50 900 of
the lot would be offered in September
the bonds running thirty years and
bearing per cent. interest. Since the
notice was issued the reports of assess
mentS from all over the State have
come in and the Governor and the Au-
ditor figure that the State will not ONLY
nave more than 100000 available to
rio, Je.F
the Capitol construction. but a surplus.
thus saving the State interest on the
proposed S250.000 issue. This surplus
Is above all appropriations whatever
ana is on Il siN-mill levy. The levy
was reduced from six and a half mills
by the last Legislature. If allowed to
remain at ST.; mills for four years. IL
is estimated that the State Capitol will
be built without II bond being issued,
ana in addition there will be enough to
retire some of the 100000 per cent.
bonds outstanding.
That gratifying exhibit is a rich
promise that Mississippi. with add
tional railroad facilities and steamboat
connections. like that which is to ply
on Pearl river. 154 miles through a ter
ritory full of cotton, corn and other
products, Is to play no unimportant
part In Southern development. Rail
road projects are also under way in
Louisiana, Arkansas and Texas
Among those reported during the week
| are connection of the Kansas City
| Southern Railroad with the Shreve-
| port and Red River Railroad which
is to be extended from Alexandria to
Fort Chalmette: the beginning of con-
struction within sixty days of the Ba-
ton Rouge. Hammond and Eastern
Railroad from Baton Rouge to Car
riere, distance of 90 miles; the COM
pletion of the st. Louis and Arkansas
Railroad to Harrison, Ark, by next
April; the making OF surveys for 2l1
miles of the Arkansas and Missouri
Railroad in Arkansas; the extension
in TXeas of the Gulf. Colorado and
Santa Fe Railroad for so miles to n
connection with the Gulf. Beaumont
and Kansas City Railroad: the extern
sion of the Missouri. Kansas and
Texas Railroad TO New Draunfela,
Texas; the extension of n division of
the same road from Mckinney to
bridgeport. Texas negotiations for the
building of the Gulf Coast Electric
Railroad in Mississippi between Biloxi
and Pass Christian; the construction
of the Spartanburg and Clinton Rail-
road for 40 miles in South Carolina.
and the extension of the Chesapeake
and Nashville Railroad from Gallatin
to Nashville. Tenn, and from Scots
willie. NY, to. Bloomfield, to make CON
nections with the Southern system.