The Savannah morning news. (Savannah, Ga.) 1900-current, 1902-01-07
MACHEN'S MlLLl0NAIRES.
HE AND HIS FRIENDS OWN BRUINS
WICK JUST NOW.

All Contractors Paid and Many
Thousands of Dollars Turned
Loose in Brunswick for Property,
the Brunswickians Happy-PrOs-
pects are Good Now Tint the
Brunswick and Birmingham win
he Continued to Birmingham.
Bruins wick Ga, Jan. 6.-President E.
c. Machen of the Brunswick and Birm-
ingham Railroad reached the city to-
day accompanied by some of his mil
lionaire friends and hackers, among
whom are Mr.. Charles Livingston
Hyde of Tuxedo and Mr.. Frank Hyde,
National Bank president of Titusville,
Pa. While his friends were going over
the roadbed and drawings for pros
pective extensions, President Machen
was busy with his attorney receiving
the final papers and delivering the cash
for all the immense land and wharf
property bought by the Brunswick and
Birmingham since it commenced OPP
erations here some months ago. The
property paid for to-day includes sew
eral miles of deep water frontage. sew
eral big blocks of property for car and
other manufacturing sites and some
back river deep water property for
terminals that are valued way up in
the thousands In the lot were former
holdings of Coney and Parker below
Mccullough dock. the old brewery site
and the Watkins property. In addi-
ton to this. President Machen had
every bill that is owed by the Bruins
wick and Birmingham Railroad
and the contractors at va
rious points on the line listed
and after Auditor Coats certified them
IS correct he drea his check for the
entire amount. This means the distri-
bu ion in Brunswick and immediate
adjacent territory of thousands of dol
lars. and tonight within twelve hours
after President Machen reached
Brunswick every dollar of the indebt-
edness of the Brunswick and Birming-
ham Railroad both to local and out Of
town creditors had been paid or the
cash was in bank waitipg to be paid
them. The effects of This widespread
distribution of money will have a Won
derfully livening effect on trade
in this section and as one
enthusiastic citizen put 1t to-
night Brunswick will be burning
honfires to Col Machen and the
Brunswick and Birmingham before
long if this thing keeps up.
THAT it Will keep up there seems
10 be absolutely no doubt as the Morn
ing News correspondent has it from
the most reliable authority that the
present wiping out of all the Brunswick
and Birmingham Railroad Indebtedness
and the recent payment by the Knick-
erbocker Trust Company of New York,
of all the interest on the bonds is but
a. preliminary to the immediate con-
tinuaton of the line to Birmingham,
Ma. The Brunswick and Birmingham
does not owe one dollar to-
night, and all financial ar
ran2cments have been made to
carry out in detail every plan con
ceived by President Machen i'm the out
set and this includes the ultimate
building of the shortest transcontinen-
tai route across the United States from
Brunswick to San Deigo, Cal.
Every Indications now points to Col.
Machen being the man to bring out the
wonderful possibilities of this port and
make Brunswick what everyone has
long ago realized she ought to be, one
of the greatest deep water ports on the
South Atlantic, besides putting out sew
eral million dollars of Northern capital
in South Georgia.