The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1908-04-05
Hon. w. A. Blount.

Hon W. A. Blount first appeared
before the council as representing
the Pensacola citizens. a large mum.
Der of whom We're present. and stated
that these gentlemen. who had re-
Gently requested the council to trans
fer To them these franchises as truS-
tees. had endeavOred TO interest
number OF railroads and prominent
railroad men. among whom was L. II.
Hartman. The Illinois Central. Cen
trail of Georgia. and other roads. had
been correspondent with. but in eaca
only SitnG ;sug R2 success 70 Ra sl45
now before the trnsfe VI OF
council. is that of Watts 1tiga--
New York. He said f iy la to
stand very 6tigifHf9nnd--Ar
Mr.. BIount thought the council
could. after hearing the statement OF
Mr.. Faqua. readily grant an extern
sion of time as il could not possibly
result in any harm.
Can Sell Bonds.
Mr.. Fauua was then introduced tn
the council. and in a short statement
told the body that he could sell the
bonds OF the road. At least hs
thought he could. inasmuch as during
his career of twelve years as bond
seller of New York. he had disposed
of $50, 600, 900 or $50, 100000 OF bonds,
and the proposition 10 build these
roads looked good upon their face,
and had been endorsed by some or
the leading men of New York as
being a good investment
He said that he had been working
on the bonds of the two roads about
six months. and had interested
English capitalists. some OF whom
left New York last week. and that
within ten days. buyers for one or
the largest concerns in Europe will
reach New York for the purpose OF
investigating the proposition, and he
thought he could possibly dispose or
at least 81, 900. 900 to them for the
building Of the Andalusia road
Mr.. Faqua stated that much money
and energy had been expended, and
asked that he and the others be
given a fair show. He wanted an
extension OF time to January l. and
said that if by that date he had not
sold the bonds. he was through with
the matter and would not again be
heard from on the railroad PROPOSE
ton here.
Hon. 7. ]. Sullivan
addressed the council for a period OF
about thirty minutes, during which
time he took occasion TO rebuke those
who had made statements regarding
the road and those who were behind
the movement. and said that citizen
of Pensacola had put up this money
not that they expected 10 make any
! thing on It as an investment. but 70
get a railroad for Pensacola. and he
| thought Il nothing bar right hat the
council Should render ali possible as
/ sistance in the matter He said. re-
garding the $4,000 forfeit. now IN
/ bank. that Il should remain there
/ and in the event Of a second failure
! the CITY should take over the money
/ but not 10 do 50 until The parties
working on the road had been given
( a fair show He said the city OF Pen
/ caccla could not Al the present time
/ esDeciaIIy. afford 10 take this none.
J owing 10 The reputation which wouid
! he given II abroad. as d srasping cor
poratiOn-
A. A. Fisher Speaks. -.
4. 4. Fisher followed Mr.. Sullivan
stating that the council had been verE
| liberal with franchises. and the onls
/ question now 10 he determined j
whether or not the council! believes
/ there IS a strong probability OF me
! road being built
! Continuing. he said. Mr.. Faqua and
7coatTaued On Page Three.l