The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1914-01-15
Extension from BrOughton
VIII Be Finished by
August This Year.
GEO. A. BERRY BACK
FROM NEW YORK
Says That Bankers Of Wall
Street at Meeting Last
Saturday Over Subscribed
the Bond Issues and This
Means the Road Has Been
Financed for a Year.

According to Geo. A Berry, vice.
president and general manager OF tbs
Gulf. Florida & Alabama railroad. who
returned rom New York yesterday.
the last fifty mile stretch Of grading
necessary to connect the road with the
Southern Railway at Pine Hill will
be completed a month earlier than ex-
peCted. J. ". Mccarthy, contractor
for this. he largest grading contract
awarded in this section tn many years,
was IN Pensacola Wednesday and
spent several hours in consultation
with Mr.. Berry. II is now believed
by Mr.. Berry and Mr.. Mccarthy that
all Of the aiding will have been com
pIeted by August first, al Ia est, and
that the line TO Pine XIII Will be In
operation by the first OF October. Ous
month earlier than the contract with
the Mccarthy and Stands Coustruc-
ton Company calls for.
AS a result Of yesterdays conference.
u was decided that an additional
s1ovei crew will be started out on
the line immediately. and kilograms 20
that end were sent our to the head
quaTtrs Of the Construction Company
a. MonrOeVilIe, Alabama Mr. Nc
Carthy will also double up on his
teams, and do all else In his power to
complete the entire grading work at
the earliest date possible.
BACK FROM NEW YORK.
Mr.. Berry arrived in Pensacols yes
,erday morning at six-thirty O'clock
from an extended trip with President
Roy c. NegargeI Of the road, to Bal
timore. Philadelphia and New York
City, M Berry gatd that he and Mr.
Mesargel met in New York with rem
resenta lives of twenty six OF the most
prominent banking houses In The couu-
try. Mr.. Berry said that he addressed
the bankers, telling them o. the eT~
ceptional progress Of the road during
-. 49,
present had been iden ifed with the
rood for the past wear while a ma
jority OF them had not previously in
vestigated the proposition Mr.. Me
gargel also addressed the gathering.
advising the bankers as to what the
c., F. & A. had done In the past
and what the company intended TO ac-
complish in the future. He outlined
to the bankers the proposition Of IN
Gerwriting the contemplated new issue
Of bonds for financing he road for ths
coming year. on that Saturday after
noon the subscription books for this
issue OF bonds were opened and with
in an hours time the Wall Street
bankers had ver-subscribed the
amount ore and a half times. This
for a year and that all work under
taken and contemplated win be ac-
complished wi h ease.
GO TO JASPER.
Mr. Berry stated that the impression
which has become p evalent TO the
effect that the c.. r. g. A. will not
continue the road on to Jasper Ala
hama. as first contemplated, is cr-
roreous I'VE most assurediy will
build the road TO Jasper" said h1r.
Berry. but a Z present we are bending
our efforts toward completing the line
10 Pine Hill. nifty miles from the
present terminus Of the line, for there
we will connect with the Southern
Pailwav and have direct communica-
ton with the outside world. Next
year we hope to build considerably be
yond Pine Hill and eventually we will
continue to build on north TO Jas
per and there make other connections"