The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1910-04-08

two, and ten times this number have
awaiting developments and better
transportation before moving on to
them.
"a wagon road along the section
line leading westward from Lillian to
the thriving German settlement of Ell
berta for nine miles has a house or
improvements on nearly every 40-acre
tract, both sides of the road. Cross
roads have been opened up along sec
ton and half section lines and settlers
are found along all of them.
Three miles northwest of Lillian a
$4,000 acre tract of land has recently
been purchased and is being opened
up for settlement.
"a few miles north of this tract an
other tract of $4,000 acres has just
been purchased and will at once be
sub-divided and opened up for settle
ment.
"All of this territory is tributory to
Pensacola and much of it will ship its
products over this proposed railroad,
and its settlers will purchase their
supplies and do their trading in this
city.
"To the south and southwest of Lii
Launch many summer homes have
been established by residents of cities
in the interior of Alabama and on the
bluffs of the bay and along its
estuaries are bungalows, private cot
tages and club houses.
Resort on Perdido Bay.
"a winter resort is contemplated
for northern tourists by a syndicate of
Chicago capitalists, who own a large
tract bordering on the Gulf and who
will soon erect thereon a magnificent
hotel. 1t is believed that this syndi-
cate alone will influence thousands of
tourists annually to this territory, all
Of whom will come through Pensacola
and over the Pensacola and South
western Railroad to Baldwin county.
Mr.. Henry Mclaughlin has agreed
to build the line from Millview to Lii
liam, a distance of seven miles, for
S29,750 and such donations of right-of-
way and material as have been prom
Used. This is allowing the bond issue
to be sold at 50 and yields 7.5S per
cent per annum. He will equip and
operate the road, and any surplus
after paying semi-annual interest,
taxes, and operating expenses will be
applied to redeeming the bonds.
ne 0cl1 VI IlIO
road are sufficient to meet all fixed
charges, but as interest on the bonds
is guaranteed, either by another rail-
road company in active operation and
financially able to meet all of it's obli-
cations, or by an individual of ample
fortune, the purchaser of a bond can
well feel assured of a certain income
from his investment.
Pensacola Terminus.
"The new road will have terminal
facilities in Pensacola over the tracks
of the Pensacola and Perdido railroad
which will be extended into the heart
of this city.
"The distance from Pensacola to Lii
liam is about 16 miles. Nine miles of
the road is already in successful OPP
Grafton. The proposal to continue it
into Baldwin county is a meritorious
proposition and one of practical i'm
portance and of great permanent
benefit to the business interests OF
Pensacola. The newspapers of Pensa-
cola have advocated it. the Chamber
of Commerce and the Business Mems
Association endorse it, and two of
Pensacola's leading bankers have
shown their faith in the enterprise by
agreeing to take part of the bond
issue.
The railroad bridge over Perdido
Bay is the key to the situation. 1t
unlocks the peninsula treasures of a
rapidly developing country and affords
rapid, safe and convenient transporta-
ton and easy access to the Pensacola
market.
Upon the sale of the bonds depends
the success of the undertaking. AS
soon as the bonds are subscribed con-
struction work will begin and the road
completed and in full operation within
four months thereafter.
Subscriptions to bonds will be re-
ceived by the cashiers of any of the
banks in Pensacola or by Charles Bar
clay, president of the Baldwin County
Bank"