The Sentinel=record. (Hot Springs, Ark.) 1900-current, 1914-10-03
LOCAL BANKS To
FINANCE BIG Deal
EXTENSION OF THE ELECTRIC
LINE TO GOLF LINKS WILL BE
DONE IN 90 DAYS.
Proves That Hot Springs
Can Step Into the Front When IL is
Necessary to Make a Big Move.

Hot Springs banks yesterday agreed
to finance the extension of the cleo
trio railroad to the Hot Springs golf
links and country club. Hot Springs
money will be behind the enterprise,
though the extension is made by the
public utilities company, all of which
for the explanation of a little trans
action that will make those who nave
Thought us slow, sit up and take no.
tice
IMessers. Simon Cooper Earnest
Latta, and Or, W. O. Forbes have for
some time been determined that there
should be an extension of the electric
line to the golf links. They realized
that Hot SPRINGS had a golf course
superior to the famous Pinehurst
course, only its fame was retarded by
its inaccesability.
W hen president Sanderson of the
public utilities was asked about put
ting an extension to the city electric
line to the golf links he admitted the
company would like to act, but that
money was very hard to get on Sc
cuIities, and that it was doubtful If
the extension could be contemplated
at this time.
In order to furnish at least some
kind of facilities, Mr.. Sanderson Of
fered to install a motor bus from the
terminal of the Malvern avenue line
to the golf links, to make transfers
and to make a nominal fee for the
fare. That at least was something,
but it did not quite satisfy the conn
mittee. Another meeting was Aeld.
Suppose Hot Springs agreed to fin
ance this natter suggested Mr..
Simon Cooper to Mr. Sanderson.
Would your company make the ex-
tension if we were to furnish the
money?
Mr. Sanderson said the company
really would lie to make the extern.
sion but for the lack of money. The
committee retired and said it would
call again,
Presidents of the four Arkansas
1anks called into council by the com
mittee Here was a big project for
Hot Springs. 1t required capital. The
public utilities has securities, but was
short of cash. Nould tAe banks take
he securities and furnish the money?
The sum needed was about 100000
Captain c. n Rix of the Arkansas
National Bank, Ed H. Johnson and
Bert Foote of the Security bank; Gus
Strauss Of the Citizens National bank,
and w. G. Maurice of the Arkansas
Trust Company, met with the com.
mittee. The local banks have plenty
of money, and they looked the situa-
ton over. Certainly.
The answer was given to President
Sanderson that Hot Springs money
would be furnished to make the cleo.
trio line extension, and President San
derson said he would be glad still to
make the improvement, so the deal
is practically closed
This work, as the Great White
Way" is to be effective for the con-
ing seasons patronage, so the work
must be begun at once. President
Sanderson hopes that the extension
can be made within 60 days. or
course there are some details to be
worked ont. such a franchise in the
country and right of way, but with no
interruptions the work will be begun
soon.
The committee, composed of Simon
Cooper, Earnest Latta, Dr. O. W.
Forbes. will so over the ground to-
day and see exactly where the line
is to be laid. They will make appIi-
cation to the county court for a fran
cAise for the utilities company. All
will pull together to hurry the work
And in the meantime, President Dr.
w. O. Forbes of Hot Springs Golf and
Country Club yesterday received four
applications for permanent member
ship.