The Union times. [volume] (Union, S.C.) 1894-1918, 1916-08-04
J. F. Jacobs, Chairman of the
Finance Committee, Gives Out
infeMew-Ssys People in the
Three Counties Must Give Full
est Cooperation in Order to
Bring Results.

''S PeoPle VIII De proud, says d.
ferdinand Jacobs, chairman of the
finance committee of the board of
rorporators, in the accompanying ar
ticle which has been contributed to
The Journal. In order to succeed
in the movement which is now well
under way, Mr.. Jacobs says it is nee
essary for the people of the three
counties-Spartanburg, Union and
Laurens, to give the fullest coopera.
tion not only in the matter of sub
scribing literally to the stock, but in
giving rights of way, free franchises
and promises of good business, after
the road is completed.
Mr.. Jacobs is sanguine over the
prospects for every success of the
venture and is entirely gratified with
the present progress of the work in
general.
The following is the interesting ar
ticle contributed by Mr.. Jacobs:
Mr.. Reid Tull, formerly with the
Piedmont and Northern railroad, was
employed by the finance committee of
the board of corporators, Carolina
Rapid Transit company, as chief en-
glreer, and has been given authority
to organize surveying corps and to
survey the line to connect Spartan
burg, Clinton, Union and Laurens.
"A commission was issued by the
secretary of state some time since to
the board of corporators, and the fl
nance committee is operating unde-
instructions from the general board
of corporators to have the line sur
veyed and to make up an engineering
report, secure rights of way, etc.
Mr.. Tull has employed a right of
way agent who works with the SUR
tveying squad. ,'.S''as;:
"Two lines or more will be surveyed
and rights of way will be asked on
all lines that are surveyed. The final
adoption of a route will depend upon
the degree of cooperation secured
from the people on the routes; at least
in large degree their cooperation
will be effective in locating the line.
II the people on a given route do not
give the rights of way and fail to
otherwise support the road from the
standpoint of stock subscription, it
is very certain that they will not Sc
cure the location of the road, for
this line must be built by the people
of Spartanburg, Union and Laurens
counties if it is built at ALL
"There will be no difficulty in float
ing bonds to the amount of several
millions of dollars provided the rights
of way can be secured and a stock
subscription with the territory cover
ed approximatlng $500,O00.00. 1t will
be necessary therefore for all sections
and for all of the terminal points to
30 their part and to do it literally
if the line is to become an accom-
o!iShed fact. The proposition to build
a combined freight and passenger line
OF good grades and easy curvatureS
and to equip it with first class equip
ment for the handling Of fast pas
senger service and heavy freight SER
vice originated with the people of the
three counties.
"Financiers in the North and West
are already interested in the propo-
sition. Proposals have been made by
several concerns, but in order to make
the line the success which it ought to
be made it would be absolutely nee
esSary for the people to finance it
strongly, and their best interests will
be conserved by having the road
owned, built and operated by the
people of the three counties, with no
stock issue other than the common
stock subscribed by the people and
with no obligations other than the
bond ISSUE necessary to secure the
bulk of the money with which to build
tfc line
"TE'S article is written in order
that the people Of the three counties
may understand that the line will not
be in a position to buy rights of way,
and that impediments put in the way
Of .he development Of the proposition
VII. end to kill it, or at any rate to
divert it from the routes in which the
impediments occur.
1T Is the purpose of the finance
committee to put this road on paper
and then lay tn ewhole proposition be-
fore the people of the three counties
with full data upon which to act. The
engineering report will show the prob
able income and cost of operation, and
the probable earnings gross and net,
with the probable cost of construc-
ton fixed charges and likely surplus
of deficit in operation.
Nov in order to make a success Of
the proposition, it will be necessary
for the citizens of the three counties