The Charleston daily news. [volume] (Charleston, S.C.) 1865-1873, 1872-01-13

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CHIT DOLLARS A YEA H.
BALTIMORE AND THE SOUTH
OPERATIONS Or THE RdHROAD
@ = -. STRATEGLSTS.: :, ,.su-,;s5
The so-CaIIed Pennsy1vania' Company
WHO and what They Arsl.Tiie E1s:
tent Of Their Power-What sBIsy Be-
Expected BY Ba1timore and the soutts
t.l;"-1f:. 94-..s-.4.-.-sS .4..-sS Z 9fyf =, ~ 9.3.F
The Baltimore Gazette has given,the folloH-r
ing extended, though not very adeanite,;de
scriptlon Of the reported ,operationE of BalttS
more capitalists Ia Southern railroads: " esis
We have from time to time alluded to the
purchase or lease of Southern roads by par
Ties in close connection with the Pennsylvanis.
central For time It was believed that
taese operations were being made for the
peneht OF that road. Some months ago we
dlscoyered that this organization, under which
this Southern consolidation was being, effect
3D., was an, independent one, andyWa tayn
heretofore been restrained BY prudential mo.
itlves from speaking on the subject. Now
that the system has attained. tDrnnorttons
which make further secrecy unnecessary. we
give to the public details which VIII be Of un-
usual interest. ~ 'ssSf ''srs-.i? s.1sl "
Southern railroads being still Ia 9 more or,
less dIlapIdated condition from the wear an6l
tear Of an exhaust1ng war, their stocka and
mortgage bonds being In q very depressed
condition, their means and credit being TIM:
iited, and their cooperative Organization not
only incomplete, but checked by thsjantag-'
onism Of special tntereata and narrow views, q
movement was inauguratec by Mr.. W.T..
Walters, Of this city, which he believed would
not only yield large prodt TO timietf and his!
associates on money invested, ), but benefit the
City of Baltimore BY adding greatly to Its
trade. It seemed; indeed. evident thafi1aF
compact organization: Of the great lines Qf
Southern intereommunicadon, under system
controlled by one head kepti IN full working
order, thoroughly equipped. with regular and
speedy passenger and freight trains running
at the lowest paying figures, must necessarily.
improve the :conditiohj Of the whole !So1therpi
country, and lead consequently to- the develop; !,
ment Of this, its natural and mosti timportantt-
market: =. 80 .%f;s:iss: ti!i,j .r1i:
prise By, our w.towismen, Mesas. Alex.
Brown & Sons, General OF Donnell and Mesars. s
Thomas C.i Jenkins; Horace Abbott ThoMasI
Kensett, George Bartlett and B. +. Newcomer.
Messrs. n. z. Jesup & Co., ID. WiiliSJsHeSandt
Roosevelt d Son, of Eew York; Drexet,& Govt
p. A. + g.. Small and Whitney a Sous, OF
'Pennsyl lvanist and Daniel james of Liverpool.
are alSo associated with 1t yar-sevenEm EmIl-s
lion dollars. have already been expended IN
actual cash outlay, and up 10 the present Time,
BY purchase of stock; e. controlling MT 3ofityl
In q number of me at important lines Of ra5lre6d.
comprising IN all one thousand f0nr hundred
and twenty-five miles; has been secutedS Be-.
sides this, control has bean obtained underJ
lease Of three hundred and sixty.three miles,
additional. These combinations already conn.
prise complete lines from Hchmonds via. DAM
Weldon and Wilmington to Charleston and
Augusta; and nom Atlanta, via Knoxville to
Brietol, from which a:connectton q VIII. IN, al!
urobabilIty be made with Danville by General
Flournoy's road, which will be constructed. =
Additional roads have been built, and Eau
are, or are being put an inrdt-class working
order and thoroughly equipped. ra5 5
7 It Will thus be seen thas :ss!e peW company
now controls both the main lines sodta nom
chief rOsds ofSouth Carolina, two main roads
In Georgia, and the important lines Of Ten
nessee. These combined Southern lines Will
have direct communication north Of Rfch.
mond with Washington, Baltimore, Philadel-
phia and New York, both through the pres.
ent lines and by others to be built In friendly
alliance with the new organization. :,
The programme will be complete within two
years, when facilities for freight uaftci and
entire South that will not only be simply IN:
rfvalled, but cannot be provided by any com.
petIng interest at less than double the outlay
Of this company, as control Of these roads have
been obtained at an average cost OF about tlty
cents In the dollar on the original cost In
times of gold currency and cheap labor: Bal
timore will have complete Communication
-bolo hxyIi nf Ao fpun
hundred miles nearer than New York. Atlanta
will be placed in direct communication with
this city By route one hundred miles shorter
than any existing one, and passenger trains
will traverse the entire distance, alx hundref
and fifty miles, In less than twenty-four hours,
upon the final completion of, the Charlotte and
Atlanta link, to be-. finished within eight,
the enterprise OF this new organization cannot
stop here. From Chattanooga and Atlanta 1t
it is but railroad step to New Orleans and
Mobile. 5;g- ...E...r,-. 90 =;
The great benefit to bs derlyed.by the South
from Thorough organization Of o complete
system Of roads under one management fully
equipped, and free from the annoyances Of
one. Such system must tend to. develop I'M
mensely those great home interests agrlcul-
ture and manufactures, upon which the very
vitality, indeed we may almost say existence,
of the South now depends. TO Baltimore the
advantages Of economical transportation and
cheap travel must be very great We. shall
thus be thrown into more intimate business
and personal communication with those with
whom we are allied by common sympathy,
and with whom, we have always contended,
our most important commercial interests are
inseparably united There Is no risk In pie
dieting that, In the staple article. of cotton
alone the receipts In this city for the arst year
after the final completion OF communication
with the leading business centres OF the South,
will be increased fully three hundred thousand
bales. There will not only be vast Increase
of receipts from the Sonth, but there must ne
cessarily be an enormous edition to the sup
plies shipped to the South. Baltimore Will
not only become large exporting mart, OUT
its foreign importati0ns must of necessity
growVery largely.
For prudential reasons we f0rbear for the
present giving further facts in regard 20 the
negotiations now in progress, winch will add
greatly to the magnitude OF this enterprise.
We will only add that the Organization which
controls these operations Is In no way coz
nected with The Pennsylvania Central. It is'
necessarily most dangerous competitor for
the Baltimore and Ohio Road, Its prime
movers having had the sagacHy and the tact
to obtain quietly most Important leading COM
nfunicatlons. from which our State Road tsi
now absolutely cut of. Baltimore is at least
to be congratulated upon the fact that, no;
matter what else may be said Of It, 1t has
Considerable railroad enterprises.
THE VAR IN CUBA.