The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1868-08-28
consolidation Projects.
Special correspondence OF the DIspatc'1'

Special correspondence OF the b4'p
YELLOW SULPHUR SPRINGS,
MONTGOMERY COUNTY, VA,
AUGUST 26th, 1868.
The committees of the several roads De
tween Norfolk and Bristol are IN session
here considering the subject of consolida. :.
ton. They are charged with the duty OF
devising and recommending plan OF per
manent untitled management for the three
roads. .-,,o
gentlemen
. Vrginia and Tennessee Railroad. James
C. Taylor, R. W. Hughes, William "auS'
Abram Fulkerson, John Z. slaughter.
Southside Railrodd.-George W. BOILING
Robert Mc1lvaine, J. 4. Johnston, Joseph
E. Venable, Thomas n. Campbell. 49,
Norfolk and Petersburg Ra.lroda:-
John Goode, Jr., Kadir Biggs, Z. Z; kooln-
son, Colonel L. D. Starke, DR.. W. W. wing
The report of the committees Will not De
published until the annual meeting OF the
several companies. | doubt If they Will
report detailed plan of consolidation IN
consequence of there being no probability
Of the assembling Of a Legislature for some
time TO come, since nothing can be done
without legislative authority.
7 s,ippose the committees will CONNIE
themselves to recommending o continuation
of the policy of common management, anu
will support their recommendation by set
ting forth some of the surprising results
that have been produced by the. operation Of
consolidated management during the nrs'
year Of trial.
understand that these results have been
very positive, and that the policy has pro-
duced a complete renovation of the Vir.
ginia and Tennessee railroad. l am pleased
to learn that the citizens of Southwest Vlr-
ginia are emphatic in their praises OF the
present management of this road, and OF
the great improvement that is manifest IN
its entire physical and financial condition
They generally desire the present manage
ment 10 be continued, though many of them
are still opposed to merging the stocks OF
this company into those Of general com
pany. In Difference to this latter sentl-
ment, I understand that the committees
will not recommend q merging Of stocks IN
the plan of consolidated management which
they will report until that measure shall
meet the entire appreciation of stockholders
As an instance of the efficiency OF tins
railroad line in bringing freight from Mis-
sissippi to the Seaboard | heard a New
York merchant of one of our Eastern Flr-
ginia cities say yesterday that he had re-
ceived from Memphis, sold and collected the
price for it, in less than seven days, lot
of cotton shipped from Memphis, and that
he received the cotton itself by fast freight
g bn nj
express to sell the cotton by. The South
side consolidation line is now sending IN to
Richmond from Burkeville nearly ten car
loads of freight for one received from Rich
mond.
The committees are highly delighted with
the successful working Of the consolidated
management, and think that the facts which
will be exhibited from one years opera
tions will greatly increase the popular feel
ing in its favor, especially in Richmond,
where some fear was at first unprecedented
from the policy.
They think that public opinion in favor
of permanently consolidating the Southslde
line of Virginia railroads will soon be as
unanimous and strong as it has always
been in favor Of the consolidation OF the
Southside, Chesapeake and Ohio line from
Richmond to the Ohio river.
A good deal of interest is felt throughout
this country in the Convention which will
meet in Norfolk on the last Wednesday In
October next in behalf Of perfecting the
present connections of this line of railroad
with the Memphis and Ohio rivers, and es-
tablishing the ocean steam line, which en-
terprising men of the right sort have now
in hand. Yours, SoCTHsIDE.