The Hattiesburg news. (Hattiesburg, Miss.) 1908-1917, 1913-02-14
COMMITTEES o F COMMERCIAL
CLUB ACCEPTS PROPOSITION
OF MISS. NORTHWESTERN.
ELECTION NECESSARY TO
DECIDE The BOND ISSUE
Steps VIII At Once Be Taken to Sub
nit Question to voters-Friends Of
Project Assert Taxes VIII Offset In
terest-Promoter Advised of Action

AT the joint meeting of the advisory
committee and the committee on rail-
roads and river improvements of the
Commercial club, Secretary Hauen-
stein was instructed to advise w. G.
seayer. president Of the Mississippi
Northwestern Railroad Company, that
the Commercial Club accepts his prop
osition to build through Forrest coun-
ty and Hattiesburg, and that steps
will at once be taken to raise the re-
quired amount by a bond issue.
Seven members of the railroads and
/ river Improvement committee were
] present at this joint meeting, while
only two of the nine members of the
advisory committee, Mr.. R. K. Smith
and Judge N. G. Hill, were on hand.
The two committees discussed the
matter at considerable length with !.
the result that on a final vote the
proposition was unanimously accepted.
1t was the common sentiment OF
those attending the meeting that II
the road can be obtained on the terms
proposed, it will be good thing for
Hattiesburg, but that such is possible
was by no means the unanimous be-
lief.
M. C. VIII Cooperate.
R. K. Smith, vice president and
general manager Of the Mississippi
Central railroad, was present at the
meeting and expressed his approval
OF the proposition, assuring the COM
mittees that his road would cooperate
in the plans and, if desired, would
make arrangements to bring the road
into Hattiesburg over their rails now
laid southeast of Hattiesburg.
DR.. Donald Impressed With Project.
Dr. ]. D. Donald, chairman of the
railroads and river improvement com
mittee, states that the further he goes
into this matter, the more favorable
he becomes to the proposition that
Hattiesburg get behind it and push
! Iue mdIleT NlBOTOusIys
In discussing the matter, DR.. Donald
asserted that he has talked to large
number of citizens, and that he finds
the sentiment almost unanimously in
it's favor
The proposal Of Mr.. Seaver that
Hattiesburg pay $4,000 in Install
ments as work on the road reaches
certain stages, for which preferred
stock Of the road is to be issued and
after the road is completed and in ope-
ration, this stock to be taken up with
per cent first mortgage bonds Of the
road, redeemable in five years If car
ried out, would operate as a direct
reimbursement of the city's outlay in
this case.
4 DR.. Donald states that he has legal
advice that bonds such as are proposed
may be issued by municipality ir-
+ respective of the amount Of bonds al
e ready outstanding provided three
fourths of the qualified electors voting
e on the proposition favor it.
II Attention is being directed to the
+; fact that when the payment OF inter
IT est begins, the city will be in posi-
]. tion to tax the physical property OF
e the road, which, in addition to values
8. created by enhancement of other prop
ID erty, will easily take care Of the IN
le terest charged. even though the cit,
C was not to be reimbursed directly 10
", lending its credit to the proposition
IT for period of five years.
Additional Arguments.
IL DR.. Donald further states that
p would require more than $4,000 70
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