The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1901-08-16
sT. LouIsANs COMING.
They Are Backing the caney Valley, the
New Texas Road.

They Are Backing the caney Valley the
New Texas Road.
ST. Louis Republic
ndw railroad, backed entirely by st.
Louis capital, win span the State OF Texas.
The Lincoln Trust company Of st. Louis
Is preparing TO float bonds TO the par value
Of $4,000 to support the organization
which IS behind the enterprise These
sceuiqtiesewil be placed on the market
not later than September 1.
Sugar, rice ana peeaus are responsible
for this enterprise. Texas Knocked at tie
door Of the greatest market west OF the
Misslssippl, aud lt was opened
lhe Inauguration OF the new rnad VIII
De attended By imp esslve exercises. at
Mhlch many Western men. distinguished
Tor thelr commercial and financial cunnec-
ilpns' VIII he present A party OF ST.
Loulsans Interested in the road Is nov
on the way 70 Texas. II consists Of
a.. Is. Woerhede president OF the Lincoln
Trust company, ]. II. August Meyer, H.
H. Coffin, William A. Btandenberger A.
q. Rule julie Wagner George BrHegge
mann, Charles Herboth, Charles II, liaancl
ana George r. Had
These gentlemen viii be met at BAY CITY.
Texas, by a delegation headed by Jonathan
Lane Of Houston, president Of the new
road. There will be celebration extend.
ing through two days aud ending with a
barbecue.
Profound secrecy has surrounded the for
nation OF the company which viii he be
mind this newest 81. Louis enterprise. So
far The company has been a close corpora
tion aud no stock has been offered in the
open market
81. Louisans Interested In the enterprise
have bnilt seventy miles OF railroad be
tween Sealy and Bay City, Texas, without
asking for outside support. This IL only
the ginning They hope to push the line
through to the gulf coast and TO establish
terminals near the mouth OF the BRACES
river
The working capital Of the company is
100000, and the authorized capital $1,000
0o Bonds to the amount Of 100000 will
ne Heated on September l. The official
title OF the line will be the Cane Belt
R9iiroad q 50. Louis and Texas"
w. \. Eldridge of Eagle Lake Texas,
has been selected as general manager MIR.
Eldndge Is the partner Of Captain William
Dunovant. who introduced the culture of
rice in Texas,
Remarkable success has attended the ef-
forts of the company up to date. Under
the contract with Texas rice, sugar and
pecan plantation owners, the road wns tn
be completed TO Bay city before July l.
The first train pulled into Bay City two
hours and thirty minutes before the time
limit expired. As u reward for It's prompt.
SIS, 900
Attorney Caulaeld Of the Lincoln Trust
company has been in correspondence with
representatives. of the St ionis corpora,
tlou since the work began. lie saldNtc
the Republic yesterday;
There can be no doubt that the Cane
Belt railroad viii tap the richest agri
cultural territory In Texas 1t will pass
through the great sugar belt and Will form
loop around the country in which the
! finest pecans and rice and sugar In tn,
| Western world are raised The road 1.
owned and controlled by st. Louisans
1T Is splendldly financed, and can rel,
! ON the support OF Texas farmers and
/ plantation owners. The opening of thl,
/ " q q n In
My adyices show that thousands are flock
Ing TO Bay city to welcome the st. Louis
aus who have put up the money to bulk
| the road. There will be a round Of re
ceptions, band concerts aud serenades ant
4 a mammoth barbecue.
This roud Will bring st. Louis close
10 Texas than II has ever been. In tim,
q regular mail and passenger service vii
be established"