Show HENRY ONRY H. H ROGERS I I HAS LOST HEAVILY LY Hes He's Building Costly Railroad Railroad Rail Rail- road but It Is One Best Bet That Hell He'll Matte MaKe a Killing Hilling Yet NEW EW YORK Sept Sept- 20 Rumors Rumors have 0 been current on In Wall street for some porno sometime time that H. H H. H Rogers of the Standard Oil company had been heavily interested interest interest- t- t ed pd in tho tidewater railroad project In in Vir Virginia inia and that he bad had lost h heavily by the investment in The Th Evening Post says s 's that it can an be he stated pOSItively positively positively that Mr Ir fr Rogers incurred a personal personal per per- lonal obligation in the tidewater project much in in excess of Tho The Post also says the tho situation has been entirely cleared up Tho The Evening E Post sa si Confirmation was as obtained in in W Wall Wallstreet all street today of reports to the effect that I H. H H. H Ro Rogers Bogers ertl was u heavily interested in inthe inthe the tidewater railway project I II According to tho the stories stones previously circulated upwards of 40 per cent of ot I Mr Ir Ro Rogers's fortune has been involved d in the tho tidewater investment It was as reported that tho personal obligation obliga e- e tion Incurred amounted to It can an be stated positively that the sum is much lar larger er than tho the amount named also that the situation has been entirely cleared up II In In order to meet the demands made upon him in connection with th the construction construction con con- of the tho railroad Mr r. r Ro Rogers ers was as forced to dispose of a lar large e amount of investment stocks at a sacrifice All durin during the recent decline in in prices the vice president president of tho the Standard Oil company company com corn pany sold gilt edge e stock such as aa Standard Oil Oil Consolidated Gas Union Pacific and St St. Paul Somo Some five or six years veers eus ago asro a. a against the advice of his friends Mr Vr fr Rogers Started to build in West Virginia a low low- grade rade road which would parallel tho the Norfolk Norfolk Western His object was to carry coal and Dd lumber to tidewater The line lino was to be bo H 4 miles long Only miles have o been completed anI Only Only a few fe- months 3 ago 0 in order to raise for for the tidewater road H. H II Ro Rogers Rogers issued his persona personal notes secured by 20 first mortgage mortgage mort mort- gage ago bonds bond stock tock an and 10 dividend or interest paying interest paying col col- col lateral The These Thee e fl 8 per cent notes were endorsed d by H. H H. H Rogers personally II Railway officials who who have watched the construction of the road with intense intense intense in in- tense interest from tho the be beginning say that the tho project oven even at this stage ismore is ismore s more moro or less ess problematical It i is confidently confidently con con- hope hoped however that with the sacrifices already made in in disposing oJ of priced high securities RO Rogers is is in a position to gain ain his end and see seo the mileage mile completed II It It was learned earned some omo months ago 1 0 that the Standard Oil man and his associates asso elates had bou bought ht up an all tho the available timber and coal lands In in West VIr Virginia nia These purchases amounted to thousands of acres and will in some future time surely the tidewater road with traffic W. l W sir N. N Pa Page e is president of the tidewater tidewater tide tide- water railroad When completed tho the thoI I road will extend from Deepwater Virginia on tho Kana river on toN to Se Sewella Sewell N 8 Point near Norfolk Vir Virginia inia Tho The authorized stock is is Th The Tho first mortgage 5 per cent bonds none of which have o been placed on th the market mar mar- k ket tl aro as follows Forty Forty five y mil million millon lop dollars donars for the construction o of the line hue from D ep to Sewells Sewell's Point miles of single in le track For each additional mile of single le track on the tho main line bonds may mav be bo issued a mile for branch lines and aDd for main line second track |