Bristol news. [volume] (Bristol, Va. & Tenn.) 1867-189?, 1873-02-11
HOW IS THIS!

HhOFb 40 HIS
The Morristown Gazette Of recent
date, says:
At the late term of the Chaneery
Court at this place, Messrs, Shields,
Netherland, Deaderick, Taylor and
York, as attorneys for numerous stock
holders of the East Tennessee, Virgin
ia and Georgia Railroad Company,
filed an Injunction Bill against Messrs.
Wilson, Mc(ihee, Jaques and others /;
the object of which. as we learn, is to
prevent a sale of a majority of the
stock of the +. T. Va. & Ga. r. r. Go,
by Messrs Wilson, McGhee, Jacques
and others, to the Southern Railway
Security Company.
If We take the official report Of
G. W. Cass, President Of the South
ern Railway Security Co., under date.
of Dec. 4th 1871, We find this Ian
guage.
9TH econtrol. of the following roads,
has been secured by this Company,
by a purchase of a majority of the
capital stock of each, amounting in
the aggregate at the par value thereof
to Sc, 745, 900, at cost of So, 400. coo,
being an average Of so 10 per cent,
to wit.
Washington & Weldon ISL mis-.
Wilmington Columbia & Au-
gusta, 1SS
North Eastern, IO2 -
Richmond & Petersburg, -
Gheraw d Darlington, 40
Charlotte Columbia & Angus
ia, 1875 ~
East Tenn. Va. & Georgia go :"
Richmond 4 DanviIIe, to Green's
boro, 100
making an aggregate of ,l91 "Oi
road, the construction and equipment
of which, originally cost So, ZOO, 600,
in gold, or an average of s27, 600, pei
mile"
Now from this it would seem, thai
this Morristown bill is a little too late
to stop the form Of the sale alluded
to, but it may be the substance, an6
not the form that is aimed at. vii
our readers of upper East Tenn. and
S. W. Virginia, please bear in mind
tina: all of this movement, means the
utter ruin OF our rail road facilities
and that this Morristown bill is inten
ded to thwart that movement. Lei
Col. Scott succeed, and all the
freight and trade which thunder into
Chattanooga, will pass Up the French
Broad, through n. C. to Danville
thence to Philadelphia, and are Of
Bristol and vicinity, will neUer have
another road. At the recent Novem,
Der meeting of the stockholders o.
She +, T. Va & Ora. r. r. this afore
said majority of its stock, did not ap.
pear in the name Of the S. r. S. Co
at all, although the transfer had been
formally made in December of 1871.
All this can 60 for nought, for Vlr-
ginia alone holds the coveted, COL
den key which would open the door to
this well studded but yet imperfect
denoument. In an e.il hour, she
did yern~it the transfer of the Rieh-
mond & Petersburg r r., to certain
Virginians. who solemnly alleged
they sought its control for them
selves alone. Yet we find this same
Road, now in the pocket of Col.
SCOTS S. r. w. S. Co. Can there
be doubt that similar movement
is frcart through Mr.. Reuben Rag
land. who now stands begging the
Va. Legislature for n charter to COM
plete this chain Of connections across
Virginia ? Close up this East Tenn.
Va. & Ga. transfer, fix up the sale of
the w. n. c. road and then grant
Ragland his charter and as well were
it then that these Pennsylvanians had
turnelled TTyinid, As we'll will it
be hereafter to any S. W. Yirginian
who should vote for it that a mill
stone were about his neck aud that
the sea had closed over him.
OUR CUMBERLAND GAP RAIL