New-York tribune., 1880-03-10
RAILROAD INTERESTS.

PLANS OF LOUISVILLE AND NASHVILLE.
CONTROL OF THE MOBILE AND NEw-oRLFANs RAIL
ROAD sFCUREu-AN IMPORTANT CONFERENCE
OF PRESIDENTS.
For some time it has been known in railroad circles
in the South that conference between the Louis
vile and Nashville and the Nashville and Chatta-
nooga people was to be held IN New-1ork
for the purpose of finally settling all the points
raised by the purchase Of the controlling interest
IN the latter road by the Louisville and Nashylle
Company. Among the questions to be settled Is
the disposition of the Southeastern koad' tne
Owensbor0 and Nashville Road. and the carrylng z
out of certain contracts made by the Nashville ana
Chattanooga Railroad before the purchase. The
actual transfer of tho road has not yet been
made. nor have the Louisville and Nashville
managers yet placed any directors on the board Of
their newly-acqurel road. II. Victor Ncwcomb,
representing the Louisville and Nashville, AID Col
oncl Cole rcprcsentlng the Nashville and Chatta-
uooga Road. were in close conference at the Fifth
Avenue last night and the most of yes
ferday. but both gentlemen declared that 10 results
had been reached that could be made public.
Colonel Cole has been in conference also with K. l..
Wilson, the head OF the East Tennessee and Vr-
gina the Memphis and Charleston. and the Macon
and Brunswick Roads.
Mr. Newcomb said TO Il TRIBUSE reporter late
last night that be could not give any of the details
Of the conference between himself and Col
oael Coalc just at present. but he felt author
lzcd to announce that his company had sue
cccdcd m concluding arrangements that give it con-
/ troll OF the Mobile and Nc"-OreauS ROAD. me ne
t.is of tie arrangement he dad not give,
lut said chat th" negotiations were con-
/ cludcd the decree for The sale Of tho road had
been entered. Under the law This viii require six
,vr.k| advertisement. SD tuGt the Louisville aud
Nashville Company. VIII not De put III
posse. sion until about the lst OF May.
Whcu this occurs, through trains OF passenger and
| baeglUc cprs as we'll as sleeping cars VIII
/ be run through from Louisville 10 New-Orleans
night ana day. aUd large increase OF travel 10y thl1
route is expected. The terms 0n which control OF
/ thi4 road is secured are most iavoube, Mr. Ne"-
/ comb slya 90 the Louisville aud NIshvlilc Com
uguv, and viii yield d. q very large pi"ht. Inc
original cost OF the road, from hrst % last Is
/ Tl2 GOO. coo. and the Louisville aud Nashville
only assumed fixed obligations or T3"O,OOU per
/ anuum. The Mobile and New-Oreans IS well
known rs one Of the best equipped lasf Schcuulo
roads u the South, and shoueniug oi the ilWe De-
/ The cary completion OF the New Orleans ana ieXai
Road will prove valuable feeder 10 ihls Ilne' ana
| vii make ], a snort hne to- Southern Texas;
| Nh Newcomb took occasion again 10 deny t2e
| rnmor that has prevailed for souo days. that the
/ Ioui,v. lie and Nashville was tDitE 10 capture
/ tine Ohio and Mississippi Road. HE slightest
/ familiarity with the NOui western system Mouiu
show that the purcha,c oi jhs roan Dy r lur
folly he denied also what he termed the
stock-oDbing report that the Louisville and Nash
| Vile was afior the Mobile and ONO Road.
and remarked that II the acquisition ~ that
road was DESIRABLE, his company would not
attempt to secure it BY buying the stock,
lad no vote lu TIE control of that property NJ
prcgeut Concerning the conference with Colonel
Cole Nr. NoWc0mb -lld that he had no DOUBT "a
reached ~ Il day or two when tho public would be
I advised