The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1878-09-05
A Railroad Bought.

PURCHASE uf TIE CHARLOITE, CULbhBiA AMI
AUGUSTA ROAD BIZ THE RICHMOND AND DAN
VILE COMPANY.
The following article announcing the
purchase OF the Charlotte, Columbia and Au-
gusta railroad by the Richmond and Dan
vile Railroad Company is taken from the
Charlotte Observer Of yesterday:
"The negotiations which have been pend
ing for month or six weeks past between
the authorities of the two railroad compa-
nies named above have finally come to an
end, and have resulted in the purchase by
the Richmond and Danvllle Railroad COM
pany OF a controlling interest in the Char
lotte, Columbia and Augusta. This may be
accepted as fact, and speculations upon
the consequences may now be INDUCED in
with propriety. There can be little doubt
that for all concerned this good stroke
OF policy. For the Richmond and Dan
vile road it IS ten-strike, giving it a through
line from Richmond to Augusta. TO the
private stockholders Of the Charlotte, Co.
lumbia and Augusta it cannot but prove
satisfactory, since for them any change
would have been a change for the better.
Since the road passed beyond their control
it has been operated solely in the interest OF
the Atlantic Coast Line. The upper part
between Charlotte and Columbia-has been
ignored, and northern-bound freights and
passengers have been diverted at Columbia
from their natural route and forced around
ria Wilmington and Weldon. No cotton
or other freight has been allowed to come
to Charlotte from even the nearest station
south Of us, ard the buyer at Fort Mill de-
string to ship north has found it cheaper to
do so via Columbia and Wilmington. This
is an example Of the treatment accorded to
the upper part OF the road Under the new
order OF things all this will he changed.
Freiehts and travel can henceforth take their
natural course, and while passenger con-
nections will OF course be maintained at
Columbia with the Atlantic Coast Line, pas
sengcrs will be given the benefit OF fair rates
and quicker time uiG Charlotte. The Coast
Line will OF course make fair weather with
the new administration OF the Charlotte.
Columbia and Augusta railroad, otherwise
It's southern business stops at Columbia.
GAS to the Richmond and Danville rail-
road the benefits are apparent. II it con-
tinues to work in harmony with the Atlanta
and Charlotte Airline its advantages by
the recent purchase will prove so much en-
ira gain, this gain coming of OF the Coast
Line, and not necessarily proving detri-
mental to the interests OF the Airline.
The through New Orleans mail ria the
Piedmont Airline is Il new bond OF friend
ship between the Richmond and DanviIc
and the A. and G. railroads, which will ne
cessitate the maintenance OF connections at
Charlotte.
GA new factor which is to be considered
when these railroad changes are under dis
cussion is the Seaboard Airline riG Ham,
let, Raleigh, Weldon, and Portsmouth.
There have been rumors OF an alliance be-
tween this line and the Atlanta and Char
lotte Airline The Seaboard Airline has
already built up considerable southern
freight business, and the new rumors take
the shape Of fast passenger train be-
tween Charlotte and Portsmouth, making
close connection here with the Atlanta road
and carrying passengers North by the Bay
Line. What influence such an alliance
might have upon the business OF the Rich
mond and Danyille railroad from this dircc-
ton can hardly be told, but in any event
! the new relations which it has formed with
the Charlotte, Columbia and Augusta road
can hardly prove otherwise than beneficial.
$50 far as we now can sec, the recent
| purchase is cause for cOngratulatlon to all
parties interested. Certainly it is so to the
Richmond and Danvile road and to the pr!-
| vatc stockholders OF the Charlotte, Colum-
bia and Augusta road. 1t is not yet appa-
rent how the change is to operate adversely
upon the Atlanta road; and upon the Sea-
| board Airline and Carolina Central il
cannot. It is severe blow to the Atlantic
Coast Line. but to no other line so far as
can now be seen"