The Hattiesburg news. (Hattiesburg, Miss.) 1908-1917, 1910-03-18
HATTIESBURG Is NOW
in POSITION TO GROW
viii Enjoy Same Freight Rate as
jackson and Meridian Under Ar
rangement With Mississippi Valley
transportation Company.

The Commercial Club Committee,
which has had charge of the work Of
selling $25,000 of the capital stock of
the Mississippi Valley Transportation
Goa pany, in order that this city might
be put on what is known as the
Meridian and Jackson basis of freight
rates, has about completed its work,
AID all but about $4,000 of the re-
quiIed amount has been subscribed.
The balance is said to be in sight,
and it now appears to be certain that
the contract with the Transportation
Company will be signed and delivered
tomorrow
This means great things for Hatties-
burg, and it will enable its wholesale
and jobbing interests to successfully
compete with all like concerns doing
business in this territory, will be a
great inducement to others to locate
here, and, besides, will open up the
way for factories and industrial enter
plises of all kinds.
The committee which has had
charge of this work has by no means
had easy sailing. In fact, at times It
looked as though the proposition
would be passed up and the oDportu-
nifty lost, but, fortunately, there were
those behind the movement who real
lied that something must be done,
and, thanks to them, it has been done.
The proposition of the Mississippi
valley Transportation Company, as
submitted to citizens of this city
through the Commercial Club, and
which has been previously outlined in
these columns, is in the nature of an
absolute guarantee that If Hattiesburg
citizens would subscribe and agree to
purchase $4,000 of the stock of the
company, and pay cash Is per cent of
half this amount, and the balance in
six, twelve and eighteen months, the
rate would be put into effect before
the notes securing the remainder of
the amount would become payable,
and, in the event the rate should not
be made effective before the first note
becomes due, the obligation ceases
and the notes will be cancelled.
Mr.. w II. Moser, representative of
the Mississippi Valley Transportation
Company is in the city today, and to-
morrow expects to sign the contract
between his company and those who
have subscribed for stock. The COM
mittee in charge of the work expects
to secure the remaining $4,000 today,
in fact, the amount is already in sight,
and there now appears to be absolute
ly no further difficulty in the way.
The tr importation company agrees
to put the new freight rate into ef-
feet by April 10, and this means that
Hattiesburg will not much longer be
compelled to groan under the burden
which she has so long borne without
prospect of relief 1t also means that
the Commercial Club will now have
chance to do some effective work,
and it will be in position to offer more
liberal and attractive inducements to
| prospective investors.
| 1t is stated ON reliable authority
that within the past two or three
years many substantial manufacturing
enterprises would have located in Hat
tiesburg had it not been for the un
reasonable freight rate, and several
others are now awaiting the result
of the negotiation between the Missis
sibpi Valley Company and local bust
ness men.