Pine Bluff daily graphic., 1912-02-03
PROPOSITIONS
 ARE ACCEPTED
Leola Line and Road From North to South is to Be 
 Pushed in This City.
ITO SELL BOND ISSUE
New Proposition to Be Made That Has Been Agreed Upon By the
 Chamber of Commerce..

At special meeting Of the trustees of the Pine Bluff Chamber of Com merce last night, with twenty-two of the tWenty-four trustees present, the mer, of Chicago, and James H. Allen, president and general manager of the new Triangle Lumber Company and Virgin Timber Company. to extend the Andersen and Saline River Railway to this city from d Rock Island conneu- tion at Leola or Carthage, and d prop osition from w. J. Miller, president of the Pine Bluff and Northern Railway, to extend the road from a Rock Is. land connection on the North to Pins Bluff in the event of the construction of the Free Bridge, and the building of the road to a Rock Island connec tion on the South, at Hamburg or Crossett, were accepted.
 The trustees also referred the mat ter of establishing terminals for the use of all railroads in this city, to be owned and operated by the citizens. to committee, which will raise a sum sufficient to insure them. If } this latter proposition goes through ,Ait was evident at the meeting las' night that several local financiers would become interested in the ter minai company ! ! - ss4.-ss
 Messrs. Altheimer and Allen sun mitted another proposition to the Chamber of Commerce relative to the Aextension of the Anderson and Saline RiveS Railway to Pine Bluff, after de, clinihg to entertain a counter prop osition submitted by the board of trustees, following the submission D. their original proposition of several days ago. In the last proposition sub. ! mitted, and read last night to the trustees, Messrs. Altheimer and Alleii agreed to build the road into Pine Bluff from Leola or Carthage if ths people of this city would subscribe for $1O0,O0O of $150,o 900 issue of prefer: red stock the balance to be secured by others. The citizens were also asked to furnish terminals and depot site and right-of-way into the city, entering from the West at Mulberry street.
 While a majority of the trustees I apresent favored the proposition ..s gy0 mitted, F. M. Rosenberg advanced M another idea, which was submitted as ascounter proposition. This was to effect that the citizens of Pima fff or investors elsewhere should
 chase at par the six per cent first K ftgage bonds of the railroad com- V y in the sum of $300,00O, this be- Esixty per cent of the cost of the & H{ posed road. In this manner the ders of the road would have to x the $20O,000 preferred stock. | they agreed to do and the trus- voted unanimously to accept the KS broposition, which will be hand Secretary Spaulding in writing Discussed Freely.
 M SSS matter was thoroughly discuss it was the consensus of opin-
 It there will be no difficulty ex-
 ced in disposing of the bond is-
 ere, as there will be absolutely kger of loss in purchasing tht portagge bonds of the road. In
 Rnner, 1t is believed, the city 19li ecure an independent line quick
 nn through any other way and sss It bonus or cost to the citizens.
 notion of P. P. Byrd. the prop was accepted and it included
 Inning of committee to asce '-
 4he most feasible method of dis @ss 4 IEf 3ag of the bonds.a The committee S qs 53sbe named by Vice President J. F
 ktyre, who presided last night < ## nG6bably Monday. The Chamber Of E0ml nrce unanimously recommended
 Aptance of the proposition or
 pal of the people of this city.
 fha proposed line from Leola o.
 Shage will be of standard construc- and will be we'll equipped for Sbol passenger and freight service MIaN klf