The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1911-10-15

After spending q week at hard work
with our engineer and consulting with
many OF the leading citizens of PEN
sacola- we have gone over the situation
thoroughly and will probably have our
proposition in proper shape to present
to the city council Monday or Tues
day, II II will consider It before the
regular meeting time for that body"
said Mr.. Dickinson, who is one Of the
promoters Of the Memphis to Pensa-
cola railroad, to a journal representa-
tive last night.
Everybody seems TO be elated over
the prospects of having a road to con-
meet with the trunk lines from tho
northwest said Mr.. Dickinson, and
we are meeting with just as much en-
couragement as we could expect for
the people seem to realize that our
interests are Identical and that Pensa-
cola Will be benefited by the railroad
and that the railroad will be benefited
by Pensacola"
Our proposition is not one which
can be handled with small OUTLAY Of
capital" continued Mr.. Dickinson. for
we have big plans laid and before the
road is completed several lines OF
mammoth steamers will be making this
port to handle the export trade, and to
take care of this export business we
must figure on adequate terminal ia
cilities.
without fear OF contradiction can
say that by the time our road reaches
Memphis that practically two million
bales OF cotton will be exported from
PENSACOLA annually, and the other in
dustrles which we are already figuring
with viii open the eyes Of everyone
IF we make arrangements with the
city Tor franchise and the terminal
sites which we hope to- besides the
money turned loose here for the build
ing of the road and the terminals and
warehouses, the road will be the means
OF bringing between thirty and forty
millions of capital to the city which,
VIII be invested here by other parties
Mr.. Dickinson added chat Peusacoia
would not have less than half a dozen
roads running into the city IN a few
years. There may not bA more than
four real lines, but the othR big trunk
lines, every one of them, Will come in
over the lines Of tn four"
Judge Plumb, who represents the
English capitalists who are to finance
the Dickinson project. said that every
thing Is going along smoothly and that
nothing is certain until they can meet
with the council or the proper COM
mittee Of the counci wv have Eone
into the proposition thoroughly and are
not going to ask for anything that we
don't believe that the city can grant
us with profit to itself We realize that
we are asking for valuable franchises.
but we have faith in Pensacola, and IL
will be a Greater Penscola II we can
bring our road from Memphis to this
port" he said.
MERIDIAN TO BOND.
Mr.. Dickinson says that Meridian is
one Of the best cities OF it's size in the
whole country, and he says that all OF
the cities between here and Memphis.
which the proposed road will touch.
are very enthusiastic over the pros
poets Of being in direct connection
with Pensacola. He says that Me-
ridian will probably issue bonds TO
provide rights-of- way and terminals
FOR the road, and on this subject the
Meridian Dispatch Of yesterday SAYS:
The mayor and boards Of council
men and aldermen at last nights
meeting adopted a resolution providing
FOR a special election to ascertain the
will Of the qualified elCtors OF the city
of Meridian touching the issuance and
sale of $500 Of bonds to be expended
for procuring and providing rights Of
way and terminal facilities for the
Memphis and Pensacola Railroad Com
pany.
The resolution nxes Tuesday, No
vember IA, as the day for holding the
election.
At the suggestion OF Alderman w.
p. Jones some important amendments
were made following the first reading
Of the resolution. Alderman Jones
stated that he favored a provision that
would allow the qualified electors Of
the city to say whether there should
| be a sufficient increase Of the tax levy
to take care Of the bonds proposed to
be voted. He declared that there was
already a drain on the general fund OF
the city to take care of bonds pre-
viously authorized, and tina. II the city
was to vote more bonds there should
be a provision attached to the resolu-
tion, authorizing the election that
would give authority to the boards to
increase the levy.
The members Of both boards were IN
hearty accord with the ideas expressed
by Alderman Jones and the following
provision was inserted In the resolu-
ton at the proper place:
THE electors will take notice thar
levy will be made In addition to the
Continued on Page Fourteen