The Montgomery advertiser., 1905-01-25
TO BUILD RAILROAD
A NEW LINE TO CONNECT ELMoRE
 AND CoOsA COUNTIES.
It May Run From Millstead te Rock ford Through a Rich Section Inspection of the Atlantic
 Coast Line.

1, On the maturing of plans, now in process of formation by the Western Railroad, Coosa and a part of Fillmore Counties will have 6 new railroad.
 The read will be built either from Millstead on the main line of the West- ern or Tallassee, the terminal of the present branch line from Millstead. A survey has also been made from Frank lin on the main line of the Western, but it Is probable that the survey made from Tallassee will be the route selected. This will save several miles of construction. the total length then being not quite forty miles to Rock ford, the county seat of Coosa, which IS to be the terminal.
 An option has already been secured on most of the right of way and one of the promoters of the proposed road said yesterday that there would be no trouble about getting the right of way for the entire distance. Whether the thriving little town of E1ectic in Fillmore County will be touched by the road has not been determined.
 The section of country through which the survey runs Is next to the section through which the Alabama and Florida branch of the Louisville and Nashville runs, the most valuable timber country in Alabama. The road will be open for general traffic of course, but the magnificent timber is tho principal ob- ject in building the line.
 That section will, so to speak. be landed right in the gates of Montg3m- cry. The people from as far north as Rockford can come here in the morn ing. do their shopping and get back to their homes by supper time. On &C., count of its inaccessibility and the dif- ficuity of reaching Montgomery the local merchants have in the past lost a great part of the trade of that sec- tion, trade that under more favorable conditions would naturally have found it's way here. With the building of this road. however. there is no reason why the trading of that entire section should not be done in Montgomery, and several more stones be added to the monument of Commercial Supremacy which is rapidly rearing it's head to the sky.
 First Trip over the system.
 General Superintendent Riddle of the Atlantic Coast Line will be in Mont gomery tomorrow for the first time since he succeeded General Manager Denham. He Is taking his first inspec- tion trip over the system since his appointment, the trip being made in the most thorough and systematic manner.
 At ' o'clock this morning Mir. Riddles private car, attached to local freight train, will leave waycross. Ga. Super intendent Beauprie Of this division be- ing with him. The two officials will spend tonight at Dothan, leaving that place in the morning on another freight train for Montgomery and arriving in Montgomery Thursday night.
 Union Pacific Securities.
 The Southern Pacific Company pass ed into practical control of Union year ending June 80, 1901. That fiscal year was the last under the old management, and on June 30 last Southern Pacific had been for three years under Union Pacific management. In those three years something like $100,000.000 was provided In one form or another for the property to complete is modernization as follows:
 Increase in bonded debt
 kdDOuLJ SS4,OUU,O0O Preferred stock ....... ..... 40,eO0,0o0 Surplus income (before bet
 terments) 1904 .. .. .... S,S7S,4S3 Surplus income (before bet
 terrpents). 1903 .. e. e. S,964,431 Surplus income (before bet .
 terments), 1902 .. .... ... 10.541,471
 TotaI.. ..... .$92,3S
 The Southern Pacific has had, there- fore. over $92.000.000 of new money from bonds. preferred stock and sur plus Income. The current year will presumably add $10,o00, 900 to this from surplus and undoubtedly the refunding plan will provide some more money for use in the near future. All this money has not been spent, as q considerable portion of the proceeds of preferred stock must still be on hand, It is, however. within reason to say that in the four years ending June 80 next the first four years of Hartman rule" on the property--Southern Pacific will have had well over 00.00o.00O of new money for the improvement equipment