The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1911-03-28

Roy Q. MegaEge1, Of the firm of Me-
gargel & Co. Of New York, promoter
of the railroad proposed TO be con-
structed from Pensacola to Jasper,
Ala, reached the city yesterday morn
ing on the $3.50 o'clock train, accom-
panied by Frank B. Erwin, a con-
sulting engineer and member of a
banking firm. also OF New York Their
visit 10 Pensacola had twice been de-
layed on account OF Mr. MegargeI be-
ing unavoidably detained In New York
on business connected with the road.
Upon reaching the city Mr.. Me-
gargei announced that he had oome to
Pensacola prepared to accept the fran
chies granted to him and others by the
city several weeks ago, and also
his willingness to post the forfeit re-
quired of him by the city as guaran-
tee that he win carry out the provfs-
ions Of the ordinance In the time re-
quired in construction work.
Mr.. Megargel is prepared to carry
out his end OF the agreement just as
soon as citizens, with whom he has
been negotiating. carry out theirs.
that Of subscribing to $3.50, 900 of first
mortgage bonds of the railroad The
latter will be interviewed by a citizens
committee and It is hoped that the
amount will be secured within a few
days, at which time the ordinance will
be accepted.
Mr.. Megargle is well pleased with
the manner in which his negotiations
In New York have terminated. and de-
clares there is absolutely no doubt but
that he viii be able to build the road
snt0 LEX =
Mr.. ERWIN TALKS.
Frank B. Erwin. a consulting engi-
neer and also Of the firm of F. 3. Err
win & Co, bankers. when seen by a
Journal representative at the San Car
los last night, talked interesting of the
proposed railroad.
We came to Pensacola yesterday
said Mr.. Erwin, "and while a sloppy
day is the worst time to see town,
must say that this is a fine little city
from all appearances and have taken
it in pretty well.
To-day I have looked over the site
for the terminals for the proposed road
and find it ideally located and think
it can be made one valuable to II eity
as well as to the railorad con1Dany
have been looking over the other en1
of the line. up in Alabama, and t
looks favorable from every viewpoint.
and SO far as I have seen I belieqa
Mr.. Megargle viii have on trouble 81
obtaining the money to finance his un-
dertaking.
The capitalists Of the north are Just
beginning t. realize the possibilities ~
the south and are finding this a most
profitable field in which to invesC and
1t ir my opinion that the proposition
offered In the proposed railroad is
good one.
THE people of Pensacola seem to be
united in their desire to get another
railroad" said Mr.. Erwin, "and that
is the right spirit to have manifest in
a community. Capital is easily obtain
ed when the local people are with a
movement and 1t adds to the security
of the investment. It should be this
way, though, for the city and the road
viii be mutually benefited, the city
getting better transportation facilities
and the road making substantial divi-
dends.
Unless something turns up to
change my mind" continued Mr.,
Erwin. Il see bright future for this
territory. The climate is ideal and
permits the laborers and farmers TO be
at work twelve months in the year.
while in the north and northwest the
working months range from six to
eight am not as familiar with the
agricultural possibilities OF the coun-
Try, but ! am given to understand that
they are practically unlimited
When the road is started am sure
there will be no let-up IN the work.
for It VIII traverse too rich a sec
ton. There is too much at the other
end to tarry along the way. Yes.
you may say that think the PROPOSE
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