The Daily state journal. [volume] (Alexandria, Va.) 1868-1874, 1871-01-30
Gveni,sa State gunraat.
[CoNAUNIoATBp.
Important RAILROAD Tran.aotions.

The following letters are from gentlemen
of the highest intelligence and respscta-
blity to gentlemen of prominence in Vir-
gnia. The names are withheld from pub
lcation but the original letters may be
seen by any one, having official right to
know, on proper application in this city.
They explain state of facts, the knowl-
edge of which is necessary to prudent
system Of legislation In this State:
RALrrsH, N. c., Jan. II, 1871.
- -, ESQ.,, Portsmouth, Va:
Dear Sir--Y ours to hand, and contents no.
ted. take pleasure in answering your inter-
roxatoriss and giving the information asked
for so far as have any knowledge.
The States interests (nesrly one half in the
Wilmington and Weldon railroad was pur-
chased by Mr.. Walters, Of Baltimore,-at the
time Of purchase believed to be for the North
srn Central or the Pennsylvania Central rail-
road. Since the purchase of the States in
terest they have bought the stock held by Trim
ity College, and other stock, thus giving them
the control OF the road. At the first annual
meeting, after getting majority Of the stock,
Mr.. Walters, Mr.. Shoemaker, Mr.. Newcomer,
and think one other-(this other person was
J. d, Cameron, ESQ.,, son of Hon. Simon Cam
eron, and is President of the Northern Penn
sylvania Centrall-all citizens of Baltimore,
were elected directors. At the last annual
meeting, a few weeks SINCE, am told not more
than ten persons attended the meeting. The
North Carolina stockholders being in minor
ity, feel but little interest in the management
OF the road. Mr.. Newcomer, of Baltimore,
was made vice president of the company, and
Mr.. Bridges the president. Same interest or the
same parties purchased the Wilmington and
Manchester railroad, made Mr.. Bridges the
president, and Mr.. Newcomer the vice presi-
dent, with the same (and l think other North
erners) directors---all under the same manage
mept as the Wilmington and Weldon railroad.
They also obtained charter from the South
Carolina Legislature for road from Sampler
to Columbia and Augusta the road between
Sumpter and Columbia is under contract to be
completed early this Summer, and they are
surveying the route between Columbia and
Augusta, with view of extending their line
to the latter city--unless they can force Col.
johnson, President of the Charlotte, Columbia
and Augusta railroad to lease them his road
from Columbia to Augusta. l believe the same
parties, or at least,a part OF them, nr. ,.
Cameron and Mr.. Scott of the Pennsylvania
Central recently leased the Georgia railroad.
1t is clear to my mind they propose controlling
the line from Baltimore to Atlanta via Rich
mond, Weldon, Wilmington, Columbia and
Augusta. They already have the control OF
the CherAW ana Darlington rallroau, cutunX
us off from Charleston and have, or intend get
ting, the control OF the Charleston and Florence
railroad.
This line (by the Baltimore and Potomac
railroad) to be called the Coast Line, between
Baltimore and Charleston and Baltimore and
Atlanta, / think when completed by the
building of the road between Baltimore and
Washington and Washington and point near
Fredericksburg, with the lease or control of tho
Richmond and Fredericksburg, the Richmond
and Petersburg, ami the Petersburg and We'll
don railroad, and thence with the consolidated
connections from W eldon South, will be part
or under the control of that great corporation
the Penpsylvania Central. / am told they are
getting the control of the Richmond and Dan
Vile railroad and the Charlotte and Atlanta
railroad now building from Charlotte to At
Ianta as a central line. If this mammoth cor
poration gets the control as contemplated and
now in progress, goodbye to your city and
Norfolk. | think the Richmond, Frede-
ricksburg and Potomac railroad should at once
extend its line to Washington to connect with
the Baltimore and Ohio railroad a corporation
equally strong as a ompetitor-otherwise the
Pennsylvania Central will monopolize the
Southern business they have the start from
Welden South, they are able, have the nerve,
and will loose or delay no time in completing
their arrangements. Say to our friends, wake
up and build the road from Fredericksburg to
Washington without delay.
Yours truly, -.