The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1913-09-26

That the prospects for the sale Or
exchange Of some OF the bonds Of ths
Pensacola. Mobile & New Orleans are
now very bright and that within sixty
days after the negotiations are closed
he can finish up the work on the west
end and commence doing business
with Mobile, were some Of the state
ment made yesterday afternoon by
Henry Mclaughlin president Of The
road. He also made the statement
that the Memphis & Pensacola rail-
road. which is proposed between PEN
sacola and Memphis. can make track
age arrangements with him for the
use Of the first thirty -fve miles Of
roadbed until the p. * NJ. can make
permanent rangements.
Asked if he could throw any nEht
on the statements made in the Times-e
Democrat of Sept 18th TO the effect
that the Burlington route is buying up
the n. o.. NJ & G. stocks, Mr.. Nc
Laughlin replied that he could not;
that while he knows Darius Miller.
president of the Burlington, that he
had never talked with him about the
y. O. NJ. e. e. now running into Mo-
bile. but would he glad to see the
Burlington come into Pensacola over
the tracks Of the Pensacola, Mobile g.
New Orleans
Regarding the report that the Louis
Vile & Nashville is buying up the N.
o.. II. & c. stock. Mr.. Mclaughlin
said:
you are probably as eoinnetent to
conjecture what theF intentians are
in that regard as am Wheu their
ar of Fftr fnr
present fiscal year IS issued tln anfor-
nation as 10 what has been done ieiii
no doubt appear. The stock Of rail-.
road company. whose operating prop
erty is in receivers hands Is not gem
orally worth much and the bondbold-
ers, who virtually own such bankrupt
roads, generally see to it that assess
ments are levied on the stock to help
get the property out OF debt Whether
the bondholders in the case you ask
about win follow that plan or not is
only a matter OF conjecture"
USE p. M. & NJ. o. TRACKS.
Asked IL fl is true that the Memphis
& Pensacola viii temporarily bring
their trains into Pensacola over the
drst thirtY-fve miles or the Penss-
cola, Mobile g. New Orleans line until
they make a northern connection. Mr.
Mclaughlin said.
Such an arrangement would be 0r
immediate benefit 10 the commerce or
Pensacola. Some fair and liberal ar
raneements viii he mad so that the
first moreY the Memphis e. Pensa cola
spends in construction VIII result IN
bringing to Pensacola the business of
a territory which either does not come
here at present or reaches this city In
a roundabout way.
"Yes." continued Mr.. Mclaughlin,
you may say the p. II. & n o.
company will give the Memphis &
Pensacola line trackage rights, or win
haul their cars or operate their line
of road until they make some north-
ern connection. on some baais that
will be fair and liberal 80 both COM
panies."
Can you tell US anything sbout the
completion Of The Moofle extension of
your road?' was askedl
About the only thin.s that J can
say just now is that nesetiati0ns now
in progress look very enicouragins 10
exchange for cash such 4 punber Of
my bonds as / wish 10 pax wll5 EQt~'
more than sixty days after No.
change is made will be required to
finish up the work on the west end
and commence doing business with
Mobile and the four railroads now
there"