New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-12-01

Recently with its associates, 1t IN
creased the capital OF the Mercantile
Trust Company, of Jackson. Miss. and II
also figured prominently in the purchase
of the railroad. known as the Birming
1 ham & Northwestern, which extends IRON
that capital city to Dyersburg, Tenn, and
which will doubtless become Transports
ton factor as one Of the important reed
ers Of two trunk lines.
II has-and also recenty-organized a
syndicate to finance and build raiiroao'
known as the Meridian 8: Memphis Rail
way. that. extending westwardly from
Meridan), will connect for the preseh'
with the New Orleans, Mobile * chicago
at Union. Miss. And in all lkenhoou
if with It's associates, will finance the
building of the Meridian * DeepWatsi
Railroad. which is to run eastWaru'9
from that enterprising town to the TOM
bigbee. possibly to cross that rlver' anu
IN strike the Louisville K Nashvilie al
Myrtlewood. Ala.
This firm OF Gulf Coast upbulders was
the prime mover IN the reorganization VI
the New Battle House Company. winch
has given Mobile hosiery than WHICH
there is no finer In the Southern states
II was early impressed with the impof-
lance to Mobile OF private DOCKS anu
warehouses; indeed. of such consequence
to her development did 1t deem these tha'
II devoted a great deal Of time TO TIC
launching OF the big Turner-hartWeh e"-
terprlse. without In any way meaning
TO detract from the measure OF creuit que
the two neryy young gentlemen WIZ pun
their money into and built these FAMOUS
docks. and who have so capaoly ana sue
cessfullv conducted them, II is seherai'y
conceded mere that the me itaiia"
hand" of that astute firm first turned
tho ,,icl," Indeed. Il would seem as
though Mobile is and will continue great
" In the debt OF this liberal mindeo anu
natriotlc house, which appears to, WHAT
ever its outside activities, watch over hef
interests with a jealous eye, and 10 roster
them with sagacious judgment and zeal
ous effort: seems 10 find time and the
will land that's somewhat rare with Dlg
business mend 10 inquire into and 10 at
tennt the betterment of civic affairs ana
IN study the trade and Industrial needs
of the community, as well as how 10 pro-
vide markets for its securities. TN the
one case Mr.. Schley figured. at crucial
per,od OF the municipalities history, as
chairman of the committee which paved
tho way for the form OF government
"cornr,ission'-wh has rehaoilitateu
Mobiles credit and has inapsurated neeo-
ed reforms in many and vital particulars
in the other it is getting ready to or
panize an equally needed cold storage
companyO
That the concern has invested many
millions for Eastern and Southern parties
Is of common repute. and Is TO be attrlp-
uted to the fact that MI. schley-in
whose province such matters rest-is con-
sidered throughout the country. as he un-
ouestlonably is here, TO be an authority
on Gulf Coast investment; this may De
gathered from the other well known fact
that the concerns transactions cover q
wide scope, reaching from New YORK Oh
the East to California on the West
All Of which is by way OF establishing
the weight and value OF the firms oplh-
ions as voiced in this story by its junior
Sir. Schley.