The Brunswick times-call. [volume] (Brunswick, Ga.) 1900-1902, 1901-02-26
|COLON[L AACB[N
NTH Us AGAIN
He Has Returned From
New York
nRlnnA nun n spA = AruuA n,u,.sA
BRINGS ENCOURAGING NEWS
A Lengthy Interview With the
Matchless Railroad Builder.

President kachea arrived Sunday
from New York and brings nothing
but glowing reports Of our now road
When asked about the progress and
outlook for the B. &. B., he said:
Construction 10 going right along.
Not only surveying, but, following
the heels of the surveyors, grading
and trackIaying. 1 don't see how
work could be carried forward more
rapidly and systematically than We
are doing It,"
Asked about the general Business
and financial outlook, and particulars
ls as to the two most notable recent
events, the big trans. continental rail.
road combine and the billion dollar
steel trust, the colonel said: "It 1ooks
this way to me. The railroad has come
20 be established ~ the foundation for
every thing, and Of course a. the choic-
est Of all investmsnts. Fifty years sgs
'he country was being Sridironed with
railroads, built with borrowed money,
and. to tell the truth, built for what
was in IL for the contractors through
construction itself. European money
and eastern surplus capital was seek
ing investment 90 eagerly that frem
four tc eight THOUSAND dollars . mile
could be borrowed in excess Of the
actual cost Of construction, and be-
sides the roads often got great subsid-
les and land grants, sufficient In them
selves, economically used, to pay the
real cost Of building. This was par,
ticularly true Of the Pacific roads.
1T didn't matter to the investor that
the line to be built was pushed into Al
uninhabited wilderness. that whatever
natural wealth might lie alongside the
tt .oks there was neither labor or cap
ital to work 1t up; that sven II worked
up lis cost, including transportation,
would not permit it to compete with
the products Of settled countries.
Nothing mAttered in fact. People
went 1t blind, convinced that the fu-
ture was full Of rewards fer those who
would put in their money. Well, the
People Of that day 'builded better than
they knew The prsof of 1t 10 today
that, capitalized At q round billion of
dollars, roads which could b dlplicat-
ed in power, and better located 1T ten
or fiftsen percent OF that enormous
capitalization, are grabbed right and
left under the Leadership of the fore-
most flns noiers Of the age.
"The fact IL the railroad undsrliss
everything. The science Of modern
work is the eoonomisal senblying Of
materials and distribution Of prod uets.
Tho railroad alone can do it. The
railroad, therefore, has a bond on every
doltar invested in business and on all
human labor In = civilized country.
People are locking at that and not at
what they didn't know abou, railroads,
nffy, or ten, or Ave years ago. or last
year,
"Itjs . saying that a railroad /.
never finished A railroad built whe q
both the builders aud the people
thought It was enough to nave tn,
track laid down, q little platform te
enable peopls to step on the cara COM
fortsbly, Z bit Of a shed to ward of
rain or sunshine and a freight depot
about the size offs modern box ear, o.
course needs a heap of tinkering wher
the traffic moved by our railroad sys
tenn counts up hundreds OF millions o
tons annually, Vhsn,iH fast,i ams1nt