Catoctin clarion. [volume] (Mechanicstown, Md.) 1871-1940, 1906-03-08
5000 MORE NEEDED FROM
FREDERICK CITY.

FREDERICK CITY.
As soon as 90 900 is secured in stock sub
scriptions 10 Frederick, In addition to tho
subscriptions already secured, work on the
railroad between Frederick and Thurmont
will be commenced. This statement was
made Monday afternoon by Mr.. .. Colum-
bus Kemp, president. and Mr.. G. q. Waters,
secretary. OF the W., F. & G. Ry. 20.
"1f we can get $4,000 by April H." said
Mr.. Waters, "the railroad will be completed
to Thurmont, and in operation within one
year."
II was stated by Messrs Kemp and Waters
that it was planned bv the company to build
first, from Frederick to Lewistown and have
this section of the road in operation before
continuing the construction to Thurmont
With the $4,000 additional, they said the
road could be built to Lewistown-half the
distance to Thurmont--w. thout the issue Of
any bonds. For the completion Of the road
it Is expected that bond issue will be re-
auired, but the directors wish to keep the
bond issue as small as possible. They are
confident that the road will pay aud they
wish the stockholders to get the benefit Of
its earnings.
A number of the directors Of the road haye
declared their intention tn increase the
amount OF their original subscriptions TO the
stock, Other subscribers are considering re-
quests to increase their subscriptions and
are expected to do co.
More than half the right Of way needed for
The road has been secured, almost without
cost. in most cases the property owners CIV
ing the righ. ot-way free Of charge. There
has been no expense for solicitation of stock
subscriptions and none of the officers of the
company receives any salary or graluily for
his services.
Messrs Kemp and Wuters stated that they
did not think that this opportunity had been
fully appreciated by the people OF Frederick.
The subscriptions from business men In ma
ny instances, they said. had not been CON-
mensurate with the benefits they would I'm.
doubleday receive from the building Of the
road. The nature of these benefits was point
ed out by Mr.. +. 3. Sappington at the re-
cent meeting of the Business Mems Associa-
ton at which this project was considered.
Mr. Sarpington. who said that every bust
ne.s man would be well repaid for the mon
ey he might invest IN the railroad, regardless
of any dividends that might DC paid, cited on
experience Of his own as proof of this. He
was, he SAID, a subscriber to the stock of the
company which built the electric railway be-
tween Middlctowu and Myersv:lle. Just al.
ter the road was completed. lady from neal
Myersville came into his store and after
looking over his stock Expressed wish to
buy set of china, but hesitated to do so, ind
probably would not haye made the purchase
because of the difficulty of getting 1t to hei
home. Mr. Sappington recalled having read
tina, the hauling OF freight 10 Myersyllle
would be begun on the following day, so he
told the lady that if she b,ugh: the set oil
china he would deliver 1t to Myersyille. Be-
cause of his ability to do this, he made the
sale. THAT" said Mr.. Sappinctcn, was as
good as a dividend on my stock
II is q wei! known fact that trade now goes
from Thurmont TO Hagerstown, Westminster
and other places which would come to Fred
erick If there were better railway facilities
between Frederick and Thurmont. These
facilities, 1t is positively stated, will BE- pro-
viled if the people Of Frederick will sub
scribe 50, 1000 worth of stock In addition to
the subscriptions already made. Frederick
Daily Ne,cS, nh inst.