Democratic Sentinel, Volume 8, Number 24, Rensselaer, Jasper County, 11 July 1884 — Making a Railroad. [ARTICLE]

Making a Railroad.

When the war closed one of the Georgia railroads hadn’t a depot or a freight house on its line, and i's rolling stock consisted of two old locomotives aud four flat-cars. These couldn’t roll until new ties and rails were laid, and the outlook was dubious enough. However, the President called a meeting of the board to see what could be done. When he had stated the condition of the track and equipment he added that the company hadn’t a dollar in cash and no collateral to borrow money on. He then asked what should be done. “I move we declare a divid nd of 10 per cent.,” boldly replied one of the Directors. It was a thunderclap which knocked ’em all down; but he followed it up by offering to loan the company $12,000 to make the dividend, and a dividend was declared. The stock at onde leaped from 04 to 90 cents, and in a year it was held at 108, and paying dividends on that. He has enough who ii content.