The Pascagoula democrat-star., 1912-08-02
ANOTHER RAILROAD
PROBABLY ASSURED
Thirty Million Dollar Project Civ
en- Added Impetus In
Public Mind.
FROM THE GULF OF MEXICO
TO NEBRASKA GRAIN FIELDS
Underwriting And Sale OF First
Mortgage Bonds Decided Upon
BY English Syndicate-Mr.
seaver Coming Shortly.

From advices received from Ches
fer. PA, the much discussed trun
line railroad from the gulf coast tt
the grain fields of Kansas and Ne
braska appears to be, a certainty. !.
A year or more ago the projec
was unfolded to the people Of th'
port territory as one contemplating
a new trunk line from the Gulf o1
Mexico to Omaha, Neb. The en-
tire route had been carefully in
spected, and the probable revenue
estimated. w. 6. Seaver of Ches.
ter, Pa, was recognized as the NOV
ing spirit in the enterprise.
According to information given al
the time, the promoters Of this roae
spent a great deal Of time and money
preparing an exhaustive study and
recital of the natural conditions in
Jackson county and the port. The
work was quietly done, and, be-
cause of this fact, more credence
was placed in the ultimate realiza-
tion of the scheme than might have
been expected under ordinary cir
cumStanceS.
A number of months ago the Bal
timore Manufacturers Record carried
the information that Mr.. Seaver and
his associates were still engrossed
in the work of promotion Of this
road, but the financial depression in
this country and abroad proving a
Handicap in their rushing the work.
ROAD NOW ASSURED.
Last Sunday information was re-
csived in this city direct from CheS-
ter, Pa, stating that the English
syndicate handling the big deal had
decided to underwrite and sell the
first mortgage bonds. Mr.. Seaver
had been SO instructed and further
authorized to put his engineers in
the field Immediately, he himself
coming to the gulf coast in the very
near future.
The statement is made that the
construction will represent an in
vestment of $50, 100000 to the top
of the rails, and that motor power
and equipment will require S10,-1
100000 additional. 1t is further
stated that the Baldwin Locomotive
works has furnished specifications
and prices for one hundred oil-burn-
ing locomotives for the system, and
these are to be delivered as each
division is completed in construc-
ton and ready for operation.
1t is estimated that the construc-
ton of the entire line will take from
three to five years, and work is ex-
pected to begin during the current
year, although no contracts for sup
plies or equipment, other than track
and bridge materials, until next
spring.
THE STATEMENT.
The Chester Times, Of Chester, |
Pa, under date of July Is, carried
the following official statement in
connection with the construction of
the road and the progress that has
been made in this connection:
This morning w. G. Seaver, of
this city, received advices from his !
London associate that the under
writing and sale of the first mort
gage bonds on new railroad run
ming from the Gulf of Mexico north
west to and into the grain fields OF
Kansas and Nebraska had been de-
n
cided upon and he has been advised
to take the field as soon as possible
with corps of engineers to locate
and cross section the line and get It
ready for construction.
After several months of close and
exhaustive study of the country along
the projected line and its products
and resources complete report
comprising 200 pages Of typewriter
CONTINUED on page ~