The Prince George's enquirer and southern Maryland advertiser. (Upper Marlborough, Md.) 1882-1925, 1905-09-08
gelect Misrellany.
New Owner for the Drum
Point.

uc dDu 1SolA-
road, commonly known as the Drum
Point Line, has been sold by Edward
Lauterbach, its owner, TO Col. L. M.
Shute, general manager of the Toledo,
Marshall and Northern Railroad
Company, of Michigan, for s500,e00
in cash. The transaction took place
through the offlce of Colonel Shute's
broker. Some papers incidental to
the transfer of the property, embody-
ing agreements, remain to be executed
and will be prepared by Colonel Shute's
lawyers in short time and will
be signed in the office Of Mr.. Edward
Lauterbacb, who, being a lawyer,
acts as his own counsel.
The Washington, Potomac and
Chesapeake Railroad, commonly
known as the Point Lookout Road,
and to run from Washington to Point
Lookout, is likely to be sold by its
owner-a Philadelphian named Wat
son-to Col. L. NJ Shute in a few
days. The price to be paid for this
property could not be learned. The
two roads are to be merged under
joint ownership after construction
and will be conducted as the two ports
Of an independent line. Colonel Shute
will begin construction on the Drum
Point Line on the fifteenth of Septem-
ber, and estimates the amount which
be will be compelled to expend to
complete the line to Point Patience,
the new proposed terminus, at $780,
900. He estimates the sum necessary
to the completion of the Point Look
out Road at $5OO,OOO. The total
sum, 81 100000, to the expended in
Southern Maryland for railroad con-
struction, is in bank in this city,
held subject to Colonel Shute's order.
The two roads are to be connected
at Point Esperanza. Point Patience
and Drum Point are to be fully devel-
oped by the ablishment of a 1000
600 manufacturing plant and the es
tablishment of a colony through immi
grafton sources. The president Of
local trust company, with reputed
Morgan backing, was in consultation
with Colonel Shute this afternoon in
reference to the location for the man
ufacturing plant, and steps have al
ready been taken to induce immi
grants to settle on the proposed
lines.
Gone Sue, the new owner of the
two roads, is practical railroad
builder. He was contractor for the
Cape Breton Railroad of 100 miles in
Nova Scotia; also for large section
of the Ontario and Pacific Road, which
is 700 miles in length. He has been
president of the Victoria Railroad in
the Valley of Virginia, and was presi-
dent of the GAINESVILLE and Washing
ton Railroad in North Carolina. He
is director of half dozen railroads
in Canada and the United States.
The Toledo, Marshall and Northern
Road, of which he is now general man
ager, is not owned by the Goulds, but
the Gould interests are said to be DOM
inant in its control 1t runs from
Bay City to Montpelier, O.
The Drum Point Road cost Edward
Lauterbach, who bought it under fore
closure, 100000, besides interest on
that sum for more than 10 years. Col.
Shute repeated today that while the
roads, when completed, will undoubt-
edly have a traffic agreement with the
Pennsylvania, the Baltimore and Ohio
and the Wabash, it would not become
a link IN any of the three, but would
be operated as an independent line.
"WhY", said the Colonel in discuss
ing his plans with the New York cor
respondent of The American, "South-
ern Maryland is one of the most fer
tile sections on Gods footstool. 1t is
a veritable garden OF Eden and can
support it's own railroad. The thous-
ands of immigrants arriving daily in