The Montgomery advertiser., 1902-01-10
DEVELOPMENT OF CHINA
A NEW RAILROAD WILL BE
 CoNeTRUCTED
The Line is to Run from Hankow to
 Canton, Connecting sat Pekin S S With the Trans-Siberian .j@ < Road

New York, Jan. 9-The announcement Is authoritatively made that the Ameri- can-China Development Company has
 been organized on firm basis. and that ar ofIicial demand has been made on the Chinese Government for the issue of bonds against the construction or the Hankow- Canton Railway. which has been undertaken by the company. A board Of directors has been chosen, consisting of Messrs. August Belmont, Pierre Mali,
 Fred w. whiteridge, Charles A. Whittier and William Barclay Parsons of New
 York and Col. Albert Thys and MT: Joseph sDevolder. of Brussels. MT. Par ,sohs is President, General Whittier Is 'Treakurer, and WAX. Bryce is Secretary Fof the company. The necessary funds have been subscribed by the stockhold- CTS with which to begin the construction of the first section of the road, and the
 money has been deposited with J. P.
 Morgan & Co.,. the company's bankers.
 It is said that general manager will
 be despatched to China during the pres
 ent month to make the necessary prspa-
 rations for beginning construction, and
 that construction will follow shortly
 thereafter.
 The Journal of Commerce says:
 The American-China Development Com-
 pany will take up the work of construc. ton. continuing the road from Hankow. or, more properly speaking, from Wu Chang. on the southern bank of the Yang Tse, southward, to Canton. Connecting with the line under, construction by the Belgian syndicate and apparently having a friendly understanding with the pro- jectors of that enterprise. the American line will furnish the southern section Df great trunk road, extending from the capital to Canton, tho great port orl the China Sea, At Pekin connection will be made with the Chinese Imperial Rail- road. where the northern arm joins the Manchurian branch of the Trans s-Siberian
 road in the neighborhood of New Chang.
 Direct railroad communication will thus be provided between Canton and the
 great capitals of Europe.'.. tfa' The provinces, to be trayersed by the
 American line have a population twice
 as great as that of the United States.
 and are rich both in agricultural. and mineral wealth. The development of an
 important coal mining region in the prov ince of Human and other demands of To- cal traffic will require the construction of
 branches which will bring the total
 fength of the line between Hankow and Canton up to about 300 miles, From Can ton 1t is intended to extend the line to a point on the mainland opposite Hong Kong. a piece of construction extending
 over 300 miles. which an English syn
 dicate is understood to be ready to un- dertake.
 Following the analogy of the Lu Han line. the Hankow-Canton Railroad will be known as the Yueh-Han Railroad, ''Yueh'' being the literary name of can- ton. The road will reach the fertile and well developed provinces of Hupeh, Huan Kiang Si, Kwang and Kwang Tung. and will doubtless serve their various provin- | cial capitals with branch lines for tribu. | tary traffic. The chief products of these | regions consist of tea, silks. cotton, rice l millet and ather cereals. leaving to be I taken into account later the extensive
 mineral deposits. which are as yet but ! all untouched.