Okolona messenger. (Okolona, Miss.) 1900-current, 1903-10-14


ture Of the anuaal report Of President Spencer Who
naturally, disease them In tie light Of the traic
and transportation problems they involve which are
OF peculiar porance TO The interests be represents
The printed copies Of the report which have Just
been received in Atlanta present some interesting
details il addition to tue oaeral conclusions as set
forth In the gather brief synopsis recently Published
in the Constitution.
President Spencer says that ''the Industrial
growth throughout that portion Of the Southern
states served BY the lines q the company has con.
tinued duri0g the year 10 & most satisfactory and
encOUraging way" and, giving details, he adds:
"rhe uamber Of industriaa plants OF various
classes completed during the year was 7SS, and the
number RRder construction ct the close OF the year
was lA6. Previously existing plants to the number
OF 39S we're materially eRlarged during the year.
s'There we're 20 cotton mills under construction
j0ne TIE 80 Of this year, 81 increase in number
Of mills over corresponding date Of the previous
year, These new mills when completed will place
in operation ,5S7 looms and as, ,OO2 spindee; en-
increase similar equipment in new mills under
construction on June 80 last year Of 1887 looms
and IO0, ,o02 spindles.
ssThere we're large Investments made during the
year alOng the cOmpany's lnes In new mineral
develOpHents and the enlargement Of old ones.
"rhe tons Of mine prOdnots hauled during the
year increased l. 19O 6S ls 50 per cent over the
preceding year.
'sDuring the year investments in lumber and
other wood working enterprises completed amount
ing 70 over $5 OO0 OOO and in additions to existing
plants to about 81. 500, ,OOO
1.-The capital invested in tanneries completed
during the year amounted to about $500 600, and in
additions te existing plants to about $3.50, 600.
'eThe sale 70 Northern and Western purchasers
for investment development or settlement OF timber
mineral and farm lands contiguous TO the companv,s
lines, aggregated over 1900, 600 acres valued at
about sl3, ,Ooo, 600.
President spencers financial statement contains
table showing the heavy investments for new con-
structOn and real estate which the company made
during the year ending June 80 for the purpose Of
meeting the demands Of this steady increase in its
business, due directly to this notable industrial
development This shows 3 total Of "a, ,308 761 "a.
Included in this Is an item Of 1901, ,4O2.54 repre-.
senting the expenditure made for the second track
and revision Of grades and curvature in that portion
Of the main line from Alexandra TO Orange the
beginning 1.-The double tracking. There are als5
included purchases Of real estate or the purpose al
increased facilities at number Of different points
among them: Atlanta, e167. 102.55; BIRMINGHAM.
e217 $50; Lynchburg, e65 900; Memphis. S39 577.
10 Washington, S4O,1O2.75; Spencer, N c., fer
addition t. yards, S56,692.97; Monroe, Va, e67,-
PISA; SpartanbuTg, S21, cess and large number
ol small sums st other places, the aggregate reach
ing very considerable sum.
The Ok0lona- Big Greek line II Mississippi cost
5126, 20. There was expended for revision Of
grades and curvature on the Asheville division
s216, ,SO645, and on revision Of grades snd oarva.
ture on the st. Louis division e199, ,683, ,8s The