The Montgomery advertiser., 1905-09-21
VI = F777- -7T I7T4 v 4s4Fl V 3-H4. ' is5 IA NEW ROAD
 TO THE GULF B. (. X St. A. Has Been
 Financed. ITS VALUE TO EUFAULA Mineral District and St. An. drsw's Bay Joined. President wn. Gordon Announces That Central Trust Company of New
 York ls Financing the
 New Road.
HY WILL r. STEPHAN

EufauIa, sept. 20.-tSpecial core | spondence. 1.-The Birmingham, Colum- bus and St. Andrews Bay Railroad will ! be built. The road has been financed 1 the bonds have been sold, the mortgage has been made. This is the assurance that President W. M. Gordon of the road brought lumbus and to the people of Eufaula who had been helping him with his road. He had been to New York to do the most important, the most vital thing for his road, the most vital thing for any road--tiie financing of It. He came back with the proud news that the Central Trust Company would finance the road; it would arrange about the bonds, and see that the money for building the road would be forthcoming.
 The mortgage is to be recorded in a few days. It has already been drawn up. No longer than last week Presi- dent Gordon and his associates went before the State Board of Compromise and asked that in view of the far reaching importance of the road to East Alabama, in view of its possibilities of great development for that section, and in view of the fact that the road would be constructed without Govern ment aid or benefits, that the privilege tax for recording the big mortgage be sealed down. There was force in the appeal of the railroad builders which reached the State Board of Compromise, anxious for the growth and develop ment of the State, and 1t was ordered that the tax on the big mortgage be cut in half. The railroad builders in- stead of having to pay s4.4oo as a priv ilege tax on the big mortgage, will now pay only s2,200.
 The Privilege Tax.
 The same sort of petition is before the Board of Revenue of Barbour Coun- ty and there is but little doubt that 1t will meet with the same sort of &C., tion. And then President Gordon an- nounees that the mortgage will be filed and the work will begin.
 Such are the rosy prospects of an other railroad for Eufaula. These are the Hattering prospects which have giv- en rise to the firm conviction that the Bluf City, after so many years, is to have another road. It Is not Eufaula's s fault that the Central of Georgia Is the only road running through the city. Epfaula has ever been ready to do her share for new and a competing rail- road.
 Some three or four years ago the Brunswick and Birmingham Road was projected. It was to run through Flu faala and 1t was to give the Birming- ham district a new outlet to the sea {. Eufaula was keen for the road. To show how eager she was for the new line her citizens went down in their pockets for a bonus of $60,000. The S60,000 was ready whenever the road was in sight The road builders had only to call upon the Citizens Commit tee for the money.
 But the Birmingham and Brunswick slipped cog somewhere. It dropped out of sight or went out of business. II Is not known whether the roads averse to competition had gotten active. or whether something else happened to 1t. At any rate 1t became closed i'm cident.
 And now the Birmingham, Columbus and St. Andrews Bay comes confidently along and the Eufaula people have faith in 1t. To show how willing they are to help the new road the people of Eufaula have raised between $5O,00O and Se0,000 to give 1t a right of way through the heart of Eufaula. Prop erty is valuable In Eufaula and 1t will take no little money to buy the way of the railroad through the heart of Eufaula, but as much as 1t will take, Eufaula is willing to raise and 1t will not be less than ss0.000. =.-s
 Have Kept Faith.
 Hon. A. II. Merrill, President of the East Alabama National Bank and the head of the movement of the citizens of Eufaula for the new railroad, Is hopeful, very hopeful, for the new de- velopment. A conservative business man, veteran and successful lawyer, there is nothing of the rainbow chaser