The French Broad hustler. [volume] (Hendersonville, N.C.) 1896-1912, 1907-09-19

bonds, and $2500 mile OF bonds to pre-
tect the interest charges on the rail-
ways first mortgage bonds. These
bonds are limited to @25, 200 O mile,
one-third as much only as in the case of
other roads, and so the county is abeO-
lutely secured since the bonds will DO
the first mortgage on the entire road
just as in the case of ether property.
Henderson, is to issue $50, 900 bonds to
the Interurban and Polk the same
amount 10 the Bat Cave Railway. Hay
wood and Transylvania will vote $4,000
per mile to the South Atlantic Trans
continental, also under abolut0 assu-
RANGES.
As it has been stated that the compa-
ny or companies have the necessary
construction money secured IL may be
asked why 1t is that they desire the
counties to subscribe. The answer is
simple and straight forward; that 1t 10
wished that the people of the sections
through which the roads will be built
may be interested and come to regard
the property In part an theirs. The
proposition to BuncombO for example
that no bonds be issued by the county
to the company until it has a railway in
actual operation from the Eastern or
Southern terminus to Asheville shows
that the real reason is gwen and no
county money is needed forthcoming.
Buncombe and Henderson counties
are more interesed in the Appalachian
Interurban for the reason that their
public ard bonds are 10 be to it and fur
ther because it fills the ideals of de-
cede, the hopes and aspirations OF
their thoughtful citizens while Tran
sylvania and Haywood counties will be
served more directly by the other rail-
way but every county and each of it's
townships will DO greatly aided by each
road
The Merchants Association committee
organized by the election Of II. Taylor
Rogers an chairman and G. Sawyer was
named as trustee for the money sub
Scribed by Buncombe people, to ensure
proper expenditure and right well has
that money been expended.
The officers of the South Atlantic
Transcontinental are: Col. 8. A.. Jones
president; B. ]. sloan, vice president,
/. L. Council, secretary, Of Wsynes-
vile; treasurer, w. B. Williamson, OF
Asheville; Theo. F. Davidson, OF Ashe-
vile, general counsel; 9. G. Welch, OF
Waynesville, assistant counsel; w. E.
Breese. .Jr,, of Brevard, assistant counsel.
Few will realize what work has been
done" said Mr. Sawyer last night, "but
with assurance that the securing of
competing railways now rests solely
with the people of the county we are
happy. It is needless to suggest even
what it will mean to every resident to
have competing road, more facilities,
better facilities and lower rates. Every
resident pays a tax now for transporta-
tion Of freight and this will be lessened.
And think 100 what 1t will mean to have
seven million dollars spent in this sec
tion, that much new capital distributed
among the people by reason OF construc-
tion." And that expressed the feelings
of the business men and the few people
who had heard of the accomplished
plans,-an enthusiastic approval. No
man in any part of the county exists
who will not feel the benefit directly.
For the assurance OF any possible
doubters 1t has been arranged to abso-
lutely demonstrate that these railroads
organized and officered by local men,
shall be competing roads and to this end
it is provided that If they should cease
to be competitors with the interest as
well az the sum of fifty thousand dollars
liquidated damages to the county.
ENTHUSIASM FOR ROAD.
The publication that Buncombe could
get competing line of railway created
the greatest enthusiasm among all class
es of people and it is certain that there
viii be joyful response to the PROPOSE
tion that the people shall vote simply
guarantee OF interest In the road. Hen
derson, it is admitted on all sides will
vote its csc, 600 bondsa and with the Bun
combe vote Buncombe will get railway
reaching to the Seaboard Air Line as
well as to the 8. & W., regardless TO the
vote in Haywood and Transylvania on
the public aid to the South Atlantic and
Transcontinental.
1t will be necessary for majority OF
the registered voters Of the county to
vote Afarmativoly for the proposition,
and not simply majority Of these who