The Lee County journal. (Leesburg, Ga.) 1904-19??, 1910-01-21
Vast SUNS TO BE SPENT
$500, 100000 VIII Be Used for
improvements in 1910.
MILLIONS FOR The SOUTH
The Steel Trust VIII Spend $55,O0O.OOo
Much Of Il in This Section Atlantic
Coast Line to Double-Trac


New York The half OF a. bill
lion dollars will be spent this year
by American corporations and the
United States government In expan-
sion, extension and Improvement.
Conservative estimates based upon
public plans OF industrial corpora
tions, railroads and the government
snow sums to be spent for labor and
improved devices which stagger the
imagination and tax the conceivable
ity Of the ordinary mind.
The investment of Daniel Willard
with the presidency of the Baltimore
& Ohio Railroad brings that great
corporation to the point where the
final plans are now ready for financ-
ing the S28,500,0O0 worth Oh bonds,
which sum Is to be spent by the
road in 1910 for construction and
equipment The steel trust will scat
ter $55,0O0,000 through the middle
west and south in building new mills
and developing ore beds. But while
we consider these stupendous sums OF
private enterprises we must not over
look the vast expenditures tQgbe made
by the government expenditures
which are recommendations in the
realm OF finance.
Ninety millions of dollars will be
spent for United States army sup
plies, five millions will be spent in
construction work upon our fortiti-N
cations, and now President Taft, in
his message read to congress, urges
appropriation of $63,0OO,O00 for river
and harbor Improvement and in the
extension OF irrigation In the west.
This does not include the immense
sums to be put out in wages to the
army of workmen engaged in digging
the Panama canal The year 1910
will be an epoch-making year--a year
of money-spending unriyalled in the
history of the world OF course, these
unreasonable outlays revert in the
course OF time to the toilers who
are employed in laying new roads,
constructing new railway lines, build
ing bridges and dams and levees and
to the iron and steel workers and
miners and clothing makers. In fact,
the money in the end comes into the
pockets of the laborers, no matter In
what class Of legitimate work tney
are engaged. AS a single institution
the government leads In this epic out
pouring Of money, but the railroads
are running a mighty close second.
Benjamin F. Yoakum announces on
behalf Of the Hawley-Y oakum Syndi-
cate that s1O,OO0,0OO will be spent in
the southwest alone in 1910, improv-
ing the properties of the combina-
ton
The international Harvester Com
.IoA< -
ings is still secret, but known to DO
$14,000,000 higher in 1908 than in
1908, will spend about I'VE millions
in extending their foreign trade and
in constructing new factories In the
middle west
The Wheeling and Lake Erie ha0
been in financial straits for seyeNll
years, and the money they will raise
by new bonds will be spent variously.
The Atlantic Coast Line is to double
track its system from Florida, to
Washington, D. G. The Hartman
lines, in order to maintain their
splendid supremacy in the west, are
planning big outlay for new rolling
stock and expansions. In Texas alone
it would venture the estimate that
S5O,OOO,0OO will be spent In 1910, not
considered In the compendium at the
head Of this article. The Pennsylva-
MIA Railroad is buying new cars and
locomotives and adding new track to
their lines In the Allegheny mountain
regions.
The San Pedro Railway was com
PEELED through necessity to plan a
pompous outlay In 1910. storms along
the route Of the San Pedro, Los An
geIes and Salt Lake route this month
washed out miles Of track. Inc off,
Gals have now planned new route
and construction win be started later
in the year on the new line. The
sum Of $14,000,00O Is considered con-
servatiye for the plans In contempIa-
ton; before it is finished the work
will likely cost $20,OO0,OOO.
The Rock Island railroad, as soon
as Wall street has finished Its game
of hide and seek, will set its new ex-
tension up from Mexico through Chi
huahua to FL Paso On mountainous
stretches eacn mile will cost more
than million dollars for construc-
ton
When we contemplate the year be-
fore US with its imposing plans, one
could easily forget that there had
ever been panic or dependency in
the money market.