Bristol news. [volume] (Bristol, Va. & Tenn.) 1867-189?, 1872-12-10

not look 10 the building up Of Virgin
in cities nor TO the advancement Of the
general prosperity Of our State. Mr..
President Thompson. speaking of the
Security Go. docs not pretend that its
operations will, and arc expected to
have any such effect, Int on the the
contrary he claims that the single OBJ
jcct i'm view is with an unbroken rail-
road from the terminus of the Penn
sylvania Rail Road opposite New
York, from philadelphia. and from
Baltimore to all points of importance
in the South Atlantic and Gulf States
is TO promote the internal commerce
between the North and the South, by
n tariff of rates which will divert over
its lines vast amounts oftonnage which
now ''lie dormant on Southern SOIL"
or is ''fnrced into other channels. .fU
These "Other channels" are the sew
eral lines of railway which have their
eastern terminus on the South Allan
tic coast, offering cheap and speedy
! transit to the sea, constructed for the
per nancnt interest of the states in
which they are located and to the
eventual establishment with Europe
of tiade relations which would bGiId
up their sea-por.s, and advance the
! general prosperity Of the community,
aud without which such Foreign rela-
lions can never be inauguI ated or sus-
tanned. Thus the object of the South
ern Railway Security Co. so friendly
to the purpose and interests" of the
/ Pennsylvania Rail Road Co. is demon
4 strated to be to prerent the SYSTEM of
| Southern railways, so i0rgcly undcr its
control, from the purposes of their pro
lection and construction, TO advance
the purposes and interests" of a for
eign corporation, which of necessity
must be dntagonistic with the rights,
interests and prosperity OF those local
tiles, now reached by those "other
channels"
Ii must be aTparant then that all of
such "other channels" must be broken
down in order to COMPLETE the success
of this Southern Railway Security Co,
and enable it to move over its lines
the vast tonnage referred to by Mr.. |
President Thompson, or, so to control |
them as to make them subsevient to |
The Interests and pcrposes," to which |
the Southern Railway Security Co. is |
80 friendly. 1t is a notable fact that |
this Southern Security Co. has not |
sought the control of line to our only |
sea port, Norfolk, but has confined its |
manipulation TO such channels as may |
be tributaries TO the ''unbroken rail
way, from our terminus opposite New |
York, from Philadelphia. and from |
Baltimore, to all points of Importance
in the South Atlantic and Gulf States"
Norfolk, 10y the Sea Board Road and
its connections reaches into the far
South, and by the A. NJ. & Road pen
etratcs the valley of the Mississippi,
opening up the shortest, safest, cheap
est, transit Of the products of these
vast and rich areas, to the only Virgin
in Sea port, and upon which Virginia
had based her hopes Establishing, in
no remote future a permanent and
flourishing foreign trade.
These two lines of railway were OF
those "other channels" over which
was "fOrccdn the vast amount of ton
mage, which it was the object of the
Security Co., in the interests of the
Pennsylvania r. r. Co., to divert to
the unbrOken railway, by tariff of
rates which cannot fail to secure the
by it to Baltimore, Phila-
delphia or to ''our terminus opposite
New York" Hence we observe
that this Southern Security Company
true to its friendlincss to, "the inter-
ests and purposes" of the Pennsylva-
MIA r. r, Co, and to lead off into q nat
nrdI channel, to wit 'the unbroken
rail road" the large tonnage of South
eastern North Carolina, which had
been forced to Norfolk by
''other channels" unnatural of course,
possesses itself of the Wilmington and
weldon Road and to divert the transit
of the products of South Carolina.
Georgia &c. &c, from "the City by the
Sea-" along the same "unbroken rail
road" it obtains the control of the
North Carolina Rail Road and estops
Norfolk in her effort for Southern trade
At Raleigh. Fooled in their purpose
10 subsidize that portion Of the a. NJ. :
& o Road which lies West OF Burk- 8
vile, the Security Co., aided by
Wall Street broker, purchased the
control of the l.. Tenn. Va. & Ga.
Road, and to prevent the vast tonCagc ;
IF Northern Georgia, Alabama, and a
he Valley of the Mississippi from be- s
ng longer forced" by that "tother h
,hanncl" the road from Bristol to .
Norfolk. these gentlemen friendly to
mr. interests and purposes" have I'M
lertaken to tend it 10y sids line of }
ONE 2o5 miles, of which 90 miles are
et to he built into that ''unbroken
all road" so largely controlled by G
Gentlemen friendly to our interests
nd purposes" and to demonstrate l;
hpir unsplfish friendlinpSS thev nrofT. ! :
r to do this at a sacrifice of 80 miles of
lready completed road, involving an "
expenditure of S3.O COG. GOO, and greater T
sngth of transit than is now being =
florded lry some 81 miles.
is there, can there be, doubt of the
of President Thompson's dec s.
lration TO his Stockholders, that the oil
outhern Railway Security Co., is