The Pulaski citizen. [volume] (Pulaski, Tenn.) 1866-current, 1880-01-22
KING COLE DETERoNED.
How the soeptro Of that Potent
Monarch Of the Rail was
Eroken.


box. would hardly have created
more profound astonishment in Pu-
Iaski than the Intelligence conveyed
hy the press dispatches Sunday al
ternoou that the Nashville, Chatta-
uooga and st. Louis Railway, with
its magn ificent system of connec
tions linking the Father of Waters
with the sea, had passed under the
control OF its great rival, the Louis
vile. Nashville and Great South
ern. The possibility of such n
coup ale grace, had il been suggested
the day before, would have been
regarded as the dream of a visioua-
nv, and even after the Geld and indis-
putable facts were announced, mum
bers Of people were slow in giving
their credcnce. For hours nothing
else was talked about or thought of,
and The medItatiOns appropriate to
day of rest and religious devotion
were abandoned for the nence to
make room for the busy thoughts
excited by this vast combina-
tioa. The sudden reinforcement OF
Col Cole, whose conservative nan
auement of the affairs of the great
CORPORATION over which he has so
long presided, was generally de
piored, and fears were freely and
openly expressed that his downfall
would place the commercial inter
ests of the whole south ut the mercy
OF a gigantic monopoly, the pernic
ious influence Of which would be
speedily felt, not only 10 CONNER
cial but political affairs. OF course,
local interests at first took prece-
dence, and the future OF Pulaski,
which largely depends upon compel
inc lines, was seriously considered
and debated. The conclusions
reached were BY no means iavora
bic, and the opinion was somewhat
freely expressed That The Pulaski
ana Fayetteville railroad project
was no longer feasible. On the
other hand, some contended, with
much earnestness, that it ouid be
unwise to abandon 1T, as the road
could be extended beyond Fayette
vile TO Huntsville, or some 9th
er point on the Memphis aud
Charleston road; but this argument
was met by the -emark that it
would not be long until that line, a
mere Jonah ahoat, with its stock
way down in the market, would
be gulped down by the whale.
One gentleman insisted that the
road TO Clifton should be built,
for it was morally certain that
the Louisville and Nashville couldn't
get control of the Tennessee
River. OF course, there was great
excitement in Nashville when the
news reached that place, and
the American. which doubtless
reflects the sentiments of the peO-
pie, takes a gloomy view of the sit
uation. The details of this extraor
binary piece of strategy are about
as follows: Col. Cole, having sue
ceedeG in checkmating the Louis
vile, Nashville and Great Southern,
its managers found themselves Ell
ther forced to build the Georgia
Western at a cost OF several mil
lions or cover in the stock of their
rival. AS the latter amounted to
about 100000 it seemed cheaper
20 purchase a controlling interest
than to build the Georgia Western.
Having arrived at this conclusion,
they began TO operate on V. K. Ste
one of the largest stock
holders and supposed to be a steady
friend of Coles, and finding him
open to the seductive rustic of green \
backs, they finally secured his aid
in capturing the stock. 1t is thought
he made half million by the Oper-
alton. Some of Col. Coles direc-
tors, conspicuously G. M. Fogg,
who is also attorney for the Nash |
vile, Chattanooga and st. Louis
Railway, are also suspected of
and circumstances GER
tainly point strongly in that direc
ton. At any rate. Col. Cole was
kept completely in the dark and the
first intimatiol he had Of the trans
action was after the trade had been
1t is, of course,
difficult to tell what policy will be
under the new regime, but
rs ell overgrown uonopolies, con
trolled, as this one will doubtless
be, by greedy Eastern capitalists,
are repressIve in their character,
we apprehend anything but gen
erous treatment. The officers
OF the Louisville, Nashville, aud
Great Southern, in a manifesto an
nouncing their victory, foreshadow
a conservative policy but this guar
antees nothing, and 8 few giittering
haven't tue binding
force of a contract The arrogant
tone of the Louisville press is by
no means encouraging. The Court
er-JOurnal, which probably reflects
the sentiments of the management
of the Louisville road, says: "The
Louisville and Nashville Railroad
obtains an uninterrupted line from
St. Louis to Atlanta without n com
petitor, and controls every avenue
and outlet into Kentucky, Tennes-
see, Alabama and Georgia from
on the Ohio, to Mem
phis, on the Mississippi, with con-
ana practically an unbro
ken line from the fresh water lakes
at Chicago to tide water at Pensa
cola, and running east and west
from St. Louis to Savannah. Rail
road men say that it is impossible
to estimate the extent of territory
dominated by this vast system
Great cities and towns, now com
petitive points between the two
companies, come under control of |
the Louisville and Nashville, and !
their trade will henceforth be dIcta-
ted and controlled by that wealthy |
corporation.
y Louisville special to the Cincin-
natl Commercial is even more AFRO
giant. Here it is: "The railroad |
game Cf chess is over, and Louis
vile wins to an extent that will ena-
BILE her to do as she pleases toward |
St. Louis, Nashville, |
Evansville and other points"
So far as Tennessee is concerned, |
we think 1t is her duty to adopt |
measures. and the |