The Morristown gazette. [volume] (Morristown, Tenn.) 1867-1920, 1873-10-29
ENCOURAGING NEWS.
( KNOXVILLE, Oct II, 1873.

ENCOCh4HG1NG NE D.
Withdrawal OF the Principal
InlpedfmG Mt 10 Ehe Compile
tIOm of the G., G. G. and. C.
Railroad.
We had the pleasure OF meeting
in our town, on Saturday last, Maj,
W. w. Rollins, an active, energetic,
practical railroad man, whose whole
being is absorbed in railroad enter
prises. but who is more especially
and largely interested in the compile
ton Of the North Carolina road, from
Wolf Creek to Old Fort, which is but
a continuation of the Cincinnati,
Cumberland Gap and Charleston
road, running from this place to
Wolf Creek. Maj. Il. is the Presi-
dent of the Western Division of the
North Carolina line, and he gives us
the most encouraging news of the
speedy resumption Of work on his
division of the road. He informs
US that the great drawback to the
work caused by the opposition Of the
Governor Of North Carolina, has
been removed by the withdrawal Of
his objections, and that every thing
now indicates that work on the road
will undoubtedly soon be resumed.
A brief reference to the complica-
tons of this great projected thor
oughfare will be ter explain the inn
portance of the news the Major gives
to our people who are so directly and
entirely interested. Some time since
the Southern Security Company
bought up all the old claims hanging
over the Eastern Division of the
North Carolina road. The Governor
thought it his duty to protect the
bonds Of the road, as they were first
mortgages, put mp in Northern mark.
cts IS collaterals. The Southern Sc.
Guilty Company have since bought
all these bonds. and now hold them.
In the meantime the Western Divi.
sion of the road, that portion of ii
running from Old Fort to Wolfe
Creek, was sold, under Judgment
and purchased by the Southern Sc
curity Company. About this trans
action there has been no difficulty OF
embarrassment. The Southern Sc
curity Company then got a decree
from the U S. Federal District Court
for foreclosure sale Of the Eastern
Division of tie road. The Govern
or thereupon took an appeal to the
| Supreme Court of the United States
and here the matter has been tied up
to the great detrilnent of the public
interests.
We are gratifed to learn from
Maj. Rollins that the difficulty be
tween the Governor of North Caro-
lima and the Southern Security Com
pany has recently been amicably adj
justed, and that the Governor has
withdrawn his appeal to the Supreme
Court and offers no further embar
rassment to the building of the read
What induced the Governor tc
make this sudden change in his tao
tics it is no business Of ours to in
vestigate or to care to know. We
only congratulate the friends of the
road, and those who are interested in
its completion, that his opposition to
the control and management of the
Southern Security Company has been
withdrawn, and to assure our read.
ers that there is now the strongest
reasons 20 believe that work on the
entire line. from Cumberland Gap to
Asheville, will be commenced at an
early day-certainly during the COM
ing year.
Maj. Rollins also informs us that
the Asheville and Spartanburg rail.
road company will organize on the
S0th, and have agreed to consolidate
with the continuation OF our road,
and push it right through. Thirty
miles of the road from Spartanburg
in the direction of AshevilIe, have
been already put under contract. 1t
is but sixty miles from Asheville to
Spartanburg. where it connects with
the Spartanburg road to Columbia.
This is also owned by the Southern
Security Company. and is line of
great interest to US as it insures us a
direct outlet to Charleston, Augusta
and Savannah.
1t may be, after all. that what was
once thought the unfortunate oppo-
sition of the Governor Of North Car
DINA to the completion of the c., g.
G. and G. line. may turn ont the most
f0rtanGie opposition it ever had.