Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1879-04-10
RAILROAD CHANGE.
Coup D'Etat of the Louisville
and Nashville.

LOUISVILLE, April 9.-The truth OF the
rumors which have prevailed for some
time relative to the acquisition of the
Tennessee division of the st. Louis and
Southeastern railway by the Louis
vile and Nashville, was to-day con-
firmed. This coup detat of the Louis
vile and Nashville promises great SEN
sation in Louisville. In an interview
to-day Vice President Newcomb says.
the sale took place at noon at the Fed
covered that the Louisville and Nash
vile had absolute control and pos
session of the securities of the
Tennessee division of the South
eastern under a secret contract effected
with the bondhOlders during Mr.. New
combs recent visit To New York. For
its numerical note the Tennessee divi-
sion of the Southeastern, which extends
from Guthrie to Nashville, is perhaps
the most important line on the conti-
nent. 1t is the key TO the commerce OF
the Ohio valley, and its possession by
the most powerful corporation south of
the Ohio gives the Louisville and Nash
vile absolute control over the territory
The sagacity displayed by the Louisville
and Nashville in getting possession of
the line is universally conceded. In
reference to the policy which the Lou
isville d Nashville will pursue towards
rival and competitive lines, Vice Presi-
dent Newcomb, in the course of the in
terview alluded to, said: "We have
sought TO control this important line in
the interest of the stockholders and to
maintain the geographical position Of
Louisville against unjust discrimination.
We desire peace and harmony with all
our neighbors. The clamOr raised by
Evansville, st. Louis and other cities is
causeless and without reason, especially
is the perturbation displayed by some OF
our good railroad friends. 1t shall be
our earnest endeavor to harmonize
all conflicting interests, 10 render
equal and exact justice to
all. We shall seek the maintenance of
a just and equitable tariff and demand
nothing for Louisville other than thai
which her geographical position entities
her TO claim.
Evansville and other cities will find
lhClI Nldht b'I'hltd ny iuN iiiNlNbStl
facilities we shall be enabled to extend
them. We want all the business
Evansville, st. Louis, and other points,
can give us, and by increasing and de-
veloping their trade We increase our
own business and revenue OF low rates
The low rates which break down and
bankrupt common carriers do not benefit
any one, and are not desired by the
public. Having acquired the road from
Guthrie to Nashville, we shall cndeavOr
to extend all facilities To commerce and
trade, reached 10y our road proper and
its connections. Mr. NcwcOmb is very
reticcnt concerning the rumors that the
Louisville q Nashville has got control
of the Montgomery and Enlaula railroad.
He says it is premature for him To dis
cuss this subject; but it is a pretty
well ascertained fact that while in
New York last month he perfected
contract with the bondholdcrs
by which they will buy this road at the
foreclosure sale on May LIST, and pass it
over TO the control OF the Louisville and
Nashville railroad. The increased busi-
ness thus acquired will add enormously
to the power Of the Louisville and
Nashville railroad. and relieves any
fears oi, "a, Mr. Newcomb says,
Louisville ever having competition from
the Cincinnati Southern railroad. The
price paid for the South eastern branch
bought TO-DAY was S725, 900.