Bryan morning eagle. [volume] (Bryan, Tex.) 1898-1909, 1901-07-14
BIG SCHEMES ON FOOT
Gigantic Enterprises for ihe Deuel..
opment Of the South.
TEXAS In THE DEAL.
Thirty Million on Company ard a Ten
Million Lumber Company Char.
tered AZ Railroad
10 the Rice Region.

TO the Rice Region.
Baltimore. July i3-The broadness Of
| the industrial movement Of the south
has probably never been better illustrnt.
Ell then by the gigantic operations which
are summed up by the Manufacturers
Record in It's review Of the industrial
life Of that section during the past week.
In the upper and central south the most
striking and far.rcaching movement Of
the day has been the entrance Of the
/ Virginia Carolina Chomical company
into the cotton oil business 10y the pur.
chase Of the Southern Cotton Oil COM
pany. which owns eight large mills,
costing probably more than Sa.000.0OO,
and Of large number Of smaller con.
/ Germs representing an actual investment
/ Of several millions Of dollars more.
With view TO carrying out this under.
taking and for the further broadening
Of its already vast operations IN the
fertilizer business. the compare has
called "A meeting Of its stockholdeN %
authorize an increase of its capitaliza-
tion from $4,000. 900. as at present. 70
10000. 900. II Ia not expected that all
Of this will be issued Immediately. but
only as expanding business OF the COM
pany may demand.
At the same time south Texas comes
10 the front with the organization OF n
10000. 900 oil company and in conneo.
ton Herewith and practically by the
interests a Sl0,0O0, 900 lumbee company.
This oil company controls about 1000
900 acres Of land. the timber ON which
and large number Of extensive lumber
plants in active operation have been
sold TO the lumber company, making
this ono OF the greatest lumber under
takings ever planned in the south. Il
is stated that the daily capacity Of the
mills owned by this company will b.
100000 feet oflumher per day. The oil
company Is organized for the purpose Of
developing the oil ON the 100000 acres
Of land controlled by it. and is charter
gives IL the right to engage in the rein.
ing and transportation of oil
Thus with Virginia aud Carolina on
the ono side and Texas on the other.
these three great corporations have un.
der,aken development enterprises rep.
rosenting many millions Of dollars,
while between them comes wide di.
vcrsity Of smaller interests. including
the development by II si,O0O,000 COM
pany of "A water power near Atlanta for
transmission of electricity 70 that city.
tho building OF 100000 rolling mill
no Knoxville. and the organization no
Somerset. Ky. by Kentuckians and In
dianians II $50. 900 oil company for
operation in the Kentucky Tennessee
field.
In the meantime. the notable work OF
railroad construction Is being pushed,
particularly in the south. Not tine least
important Of undertakings Of she kind
j. the construction OF the Gulf. Rice
Belt and Northern railway. which il Is .
announced will begin within a few
days. This road Is planned to extend
1856 miles from Vermillion Bay. Ia. to
Nacogioches. Tex. passing through tl.o
Louisiana Texas rice belt. in which
probably bctweeen $4,000. 900 aud S20,-
000. 900 have boon invested in lands. mills.
farm machinery and irrigating plants
during the past 10 years.
The contracts for the work have been
signed. and il viii be pushed with the
Of finishing the road within
two years az an estimated cost Of Sl,-
$4,000. which will include the first
equipment Of rolling stock. The par
ties interested in the road contemplate.
10 is reported, the purchase OF short
line extending from Mcneil. Ark. %
Bicnville, Ia. 90 miles. an ultimate di.
rect connection with New Orleans
Other contemplated works arc I'm.
proyemonts ON the Southern Pacific
system involving the possible expendi-
ture OF S3J,O00,O0O ia rolnying track. re-
grading roadbod, eliminating curves
and the substituting Of metal bridges
for wooden ones.
Other important projects suggested,
some of which may materialize, are an
electric line between Beaumont and
Port Arthur. Tex. to reach the oil ter.
ritory In which Ohio parties are inter
estod; an electric limo % connect Nash.
vile and Chattanooga, Tom, running
through cJal and timber lands recently
acquired by a syndicate Of Ohio and
Michigan men; an electric line 20 con-
meet Lexington, Georgetown and Paris,
Ky, and 3j0-mile steam line between
northern Texas and poin. in Kansas.
Rosebery Engagement Denied.
New York, July i3-According 20
The Tribunes London correspondent
the reported engagement Of Lord Rose