Pine Bluff daily graphic., 1912-02-03

| hC -AAoSAoo oilld odlIIt hlN6T G1dll- way is now 31 miles in length, being operated from Clio to Millersville. It will be necessary to extend the line West to Leola nine miles and 16 miles East to Pine Bluff. It was stated la St night by J. w. Martin, who is in a position to know, that if the new road gets the contracts for moving the 50O,000,000 feet of timber in the terri tory it will traverse, it will pay hand somely. J. F. Mcintyre, who owns d large hardwood mill here, stated that if the road was built he would at once build another plant of even lars- CT capacity in this city.
 It was clearly shown during the dis cussion that the citizens of this city would sustain some slight chance of loss ill purchasing preferred stock in the road, while on the contrary thera is absolutely no chance of financial loss in the purchase of first moft- gage bonds on this railroad in a bo.,d issue of 60 per cent of the physical value of the road. J. E. Boyce, P. r. Byrd, J. w. Martin and w. F. Cole man concurred with MT. Rosenberg ir. his views. MT. Martin said that the most skeptical person in the city would invest in one of the bonds, ii the bonds were issued in denomine- tions as low as $1o0 each.
 The Other Liue r"pu,ar.
 When the proposition of w. ]. Mi. Ter, president of the Pine Bluff and North Tn Railway, was read, A. w. Nunn, who declared that he was ltartily in favor of it, thought thal he two propositions being handled at one time might mean the failure o1 one or both of them. He preferred that the first proposition, that of Messrs. Altheimer and Allen, be cal ried to a success first, and then take up the other one. MT. Byrd however, contended that there was no connec ton between the two. One he said was secured for practically nothing. only the sale of a bond issue, and the other, he argued, was in the nature of the raising of cash bonus. He fla vored handling Doth propositio4.. a. the same time. We carried three list out at one time for railroads, said MT. Byrd, land we raised every bonus ever asked by them. MT. Miller has had the matter up with us for weeks and we should not delay it fu'- ther. MT. Boyce said that MT. Miller will not demand his first $50,000 until the road is built to this city from the North, which would be at least two or three years, and that the other mount would not have to be paid un- il the extension on the South was completed. MT. Mcintyre said that the Miller proposition would in ID wise interfere with that of Messrs. Altheimer and Allen and Mr. Altheim- CT, himself, urged the immediate &C., ceptance of the Miller proposition, de- claring that he believed it would be to the best interests of the city and both railroads to push both through lo success. The building of the Millef road would increase the tonnage ot the Leola line and vice versa.
 On motion of P. P. Byrd the prop ositon of MT. Miller was also recom- mended to the people of this city for acceptance and he also asked for the appointment of committee to raise Il $50 1000 bonus for the first extension from the North. This committee Will also be named by Vice President Mc- Intyre.
 Attorney w. F. Coleman, who with Charles T. Bair, Oscar B. Mckenzie and others spoke in favor Of potn propositions, declared that Mr. Mii- ler's proposition was one of the bes-