The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1913-02-17

L. H. Hole, Jr, of w. N. Coler &
Company, bankers. at 43 Cedar street,
New York. thinks that the Deep
Water Route" in particular and PEN
sacola in general have exceedingly
promising futures. With President
Roy c. Megargel, president of tho
road, ]. P. Clark, an engineer of Coler
& Company, and George A. Berry,
vice president of the road, Mr.. Hole
went over the road yesterday to
Jonesville, Alabama, 20 miles distant
to which point it has been completed.
When seen upon the return of the
party to the San Carlos last night, he
said that he is not only very favor
ably impressed but that he has de-
cided to interest himself heavily in the
project.
He is greatly influenced in his de-
cision by Mr.. Clark, who is the most
thorough of engineers in the country
and who acts as adviser to Coler &,
Company and their extensive clientele
you have spent your money well
and you have a railroad" Mr.. Clark
told Mr. Megargel and Mr.. Berry last
night.
I'm glad to hear you say that,
Clark" Mr.. Hole told him, locking
thoughtfully at the curling smoke Of
his cigar, ''you generally have some
flaws to pick somewhere"
Not this time" quickly answered
the engineer. 81 believe this country
is going to make some wonderful
strides and that the railroad these
sgentIenaen are building is going to be
one of the chief factors"
After talking a little upon the ap-
Without much knowledge of Pensa-
cola, can say that it has been limit
ed by lack of railroad facilities. Give
a place the best harbor in the world
and numerous other natural advan-
tages and it will not progress as long
as it has to derend upon a single
railroad Rates may be reasonable and
all that, but the shipper has no relief
in the event of. any kind of tie-up
which is liable to occur
70 MILES MORE.
AS result of the visit Of these
gentlemen, work upon the financing Of
the next stretch of track to be laid
may be said to have already begun.
Mr.. Berry said last night that the
contract for seventy miles will prob
ably be awarded very soon. That con-
seventy miles of the richest agricui-
turaI country in Alabama to a point
near Pine Hill where the Deep Water
Route" viii connect with the Southern
railroad.
AS this work will not require near
all of the funds which will undoubtedly
be available, the construction of the
second pier, already pianhed. will l:e
begun upon completion os the 2,S0e-
foot three track structure tnow almost
finished. The new pier is to have six
tracks.
Coler & Company, it is understood,
will underwrite the new issue of ST.
100000 of bonds
LIKES PENSACOLA.
Both Mr.. Hole and Mr.. Clark have
Travelled extensively and have inter
ests In nearly every part Of the United
States. They are interested financial
~ in several public service corpora
tions and Mr.. Clark Is vice president
and general manager Of large pub
lie service corporation in North Caro-
lima.
Both said last night they had never
zpent more enjoyable winter days
han here, on the VISIT which they
concluded last night.
Each said that he thought Pensacola
is not only attractive now. but that
Improvements under way and planned
should develope it into one of the most
beautiful cities in the country. A
rapid growth is predicted.
They gave assurances that they
would come to Pensacola again IN a
short time