Smyrna times., 1929-09-04
Fn|[ FOR SHORTER ROUTE
| BALTIMORE IS HELD UP
80 TuE PROJECT
Lsryps on BOND MAkhEi

.,yCING OF liiH
IssSus sss1s on BOND MARKET
,t Built, win Mean Much
idss' SsI,Tare ! and Eastern Shore
d'tting Ds1bn distance to Baltimore
[,s1.,. financing of the proposed e
.iaDsake ..,I Bay bridge from ,n,s,, neal
sss sporp to a point in Kent coun-
.sar snpir rochester, i can be accom-
nsai his Fall. the project may
slsu s' ,.rried ,l out, it has just been
y This is the proposed
insD' .D' that if built, will shorten
W. s;.tance between this part OF
(I,Tsre and the Eastern snore
MARYLAND to Baltimore mater
u. Locally our people tss saM suvr- W.
N connecting up Of tne Snlyr, rnd
'CIayton-MillingtOn road ana ana
Sr,rrna : Kenton Sudlersvllle
! with interstate highway with
sp1nt Boulevard in Delaware
shorter route to the Atlantic
ls0arl Although abandonment
tss program is not considered
present, persons closely identi-
VITA the project said the CON
IN 4 the bond market within
next few months probably
INA decide future moves. One
tsoritv said the bond market
been bad for several months
/ with money bringing 10 to u
cent for speculative purposes,
public was not purchasing .
cent bonds. The underlying
ads on the proposed span, it was
/. have been disposed of, but be-
tesn 100000 and 100000 of
sfprred stock must be sold be-
L the bridge can get under way.
4 sponsors of the bridge, accord
to bill signed by President
SClidge in April, 1928, were given
'til April of this year to begin
kual construction. The bill also
pFided that the project must be
fnpleted in three years.
prk Already Done on the Project
Some work already has been
be on the Miller Island side of
n Shore. This has been consid-
d by officers Of the company as
fllng a condition made in the
nchiSe from the State, which re-
ired the work to be started by
lrth 81 this year. The last Leg
htlre authorized a subsidy of
900 to the company provided
bridge was completed and open
trathfhc in the fiscal year of
4. This was done, it was said,
assure financial underwriting of
fridge, In addition to the sub
\, the State has agreed to spend
VOO Of the general road con-
6uon loan to build roads lead
to the bridge.
Fefnor kltehie Hears of Trouble
loVernor Richie said Sunday he
heard the company was hav-
difficulty in floating its securi-
out said he had not discussed
natter with officers of the
npany for several weeks. The
'ernor said he also had heard
OOmpletion Of the project de-
aed on the condition Of the
market during the next few
[.us' The bridge company was
lporated November %. 1926.
/ olloge Proposal met with gen
d 'PpiOVai Y !. the only objectors
rnlladelphians, whose COM
IN y with the Eastern Shore
y = hurt by a quick access
4a' area to Baltimore. The
!. y n distance over the present
y. around the head Of the Cbes-
y Sas Bay by way Of Elkton
! = vary vary from forty to seventy.
| / pa.las n.lies for Practically all Of
- yland and Virginia section
.H,,. u peninsula and a saving u
Zone ! miles for most of Della
|.ts.,r sacept Wilmington and the
'nen end Of the State. '-
T. s. Opposition is Dronnod
|Fgs Doas original design for the
|. + F.di, net with opposition from
H. IRA ~ Government. which
4 Win ne structure would inter =
n El.n padl.. activities at the Aber-
Ftiorif pfGvilg Grounds. These IIlS aDer- ot-
koyal s.a ,a.el were withdrawn and
BIZ, .sl slanted by the United
|psrtral;y r,,ny engineers and Navv
SoslO1eSaa' The bridge, costing
i. rooo, Would ha IT,
sptiOn - u !, the world, with the
r. Bay !, b,,sa. me Of the San Fran
aprOacs.. y miles !. long. Includ-
|Gd Be IL i. The total distance
e and a tenth miles. l.''e
"iAN CHURCH