The Columbia herald. [volume] (Columbia, Tenn.) 18??-1935, 1907-03-01

ENGINEER WILL TAKE MONDAY AND ROAD WILL as
COMPLETED FROM NASHVILLE TO MT. PLEASANT IN EicH.
TEEN MONTHS.
At Special Meeting OF OF Fully Explained And
President Maybey Deposits Pledge OF Good Faith

, Recorder Erwin stated the purpose Of
/ the meeting.
Major Whitthorne gave brief his
tory of the projected road, stated that
everything was ready for the construc-
tion of the road. and introduced Pres
ident Mayberry.
Mr.. Mayberry stated that he had
only taken charge of the projected
road after thorough personal inves-
tigation. That he determined II he
went into the matter, to invest his
own money, so he not only owed 1t
to himself to find out for a certainty
! If the project would pay, but he felt
that he also owed it to the gentlemen
who, largely upon his recommends
lions, would put their money in; so he
had the route carefully gone over by
i've expert engineers; had had esti-
mates made not only Of the cost, but
OF the business in sight and to be de-
yeloped, and after satisfying himself
thoroughly, had taken hold. That he
had investigated not only this PRO
jected railroad, but many other inter
l'oan lines now in operation, and had
made comparisons. That he now ap-
peared before the Board to say that
with their approval and good will,the
built, and built at once. That he had
the money for construction. had closed
contract with an experienced con-
tractor, the tools for work had been
shipped and would reach Nashville on
Saturday. The contractor and his en-
gineers would arrive in Nashville on
I Saturday also, and would start out
Monday or Tuesday, laying out the
nifty foot right of way, and placing
grade stakes land while they could
begin the actual grading at an earlier
date, would prefer not to begin before
the latter part of April or the first
OF May. That he did not come before
the Board asking for money or any
assistance, other than an extension of
the franchise 30, 60 or 80 DAYS as
they saw fit. He told of the great
advantages that would accrue to the
farmers living along the route and to
the towns through which it will pass.
Their profit he said would be immed-
late, while the profit to the company
would await the development Of the
business and the territory.
Mr. w. G. Salmon was the next
speaker He represented the citizens
OF Columbia and was the special rep
sentative OF the Columbia Board az
Trade He did not doubt Mr.. Nav
berrys Intentions or earnestness bnf
said II the franchise was to be ex-
tended that the Board owed it to the
to demand a bond for the FIJI
of the promises to begin con-
within the time specified.
U Mr.. Mayberry was really in earnest
ne thought he would not object to put.
Ing $1,000 as an earnest of his good
.alth The city didn't want money
rom the company, but there were
'tner parties after franchise and II
his extension was granted. It might
'ut on the other parties, and cause
Columbia to lose the opportunity of
ne line to Mt. Pleasant. hence the
ecessity of some protection.
Major Whitthorne said the company
ad already spent $4,000 in surveys
nd Investigations and he thought that.
'as sufficient guarantee Of their good
nth.
City Attorney VOORHEES, said $1,000
as no consideration to Mr. Mayberry.
hat his word was worth $4,000 ana
'at Whatever he promised, he wouls
TRY out. He advised that the CITY
awe the forfeit.
Mr. Mayberry said his contract with
e contractor required the compile
On OF the line from Nashville to Mt.
easant within eighteen months. RE
I'D the investment by the company
ould be one and three-quarter million
liars and the interest charges were
1000 a year, hence the company
y In big hurry to have the road
mpleted and the earnings begin. so
to care for the interest charges.
Mr. + D. Lander asked IL 1t would
possible to begin construction al
MT. Pleasant end OF the line as
II as at the Nashville end.
Mr. Mayberry said the point was
u taken and he had already gone
o the matter. That to start from
MT Pleasant end OF the line would
y In excess freight on material OF
lstructlon from $4,000 to 100000
after finding this fact out. he had
lndoned that idea.
ir Rainey then arose and said he
the solemn promise OF tho man.