Knoxville daily chronicle. [volume] (Knoxville, Tenn.) 1870-1882, 1880-03-20
RAILROAD NEWS.


Especial to the Atlanta Constitution
NEW YORK March 18.-There are no
developments in regard to the Georgia
Western this morning, but there is
activity In the circles that are
discussing it, and 1t is said that prepa-
rations are rapidly being made to get
In shape for building the road:
A dispatch was received at the
Louisville and Nashville headquarters
In this city this morning from promi-
nent official of the road, who Is now
in Georgia, in which ii was stated that
a report had been published in the
Georgia papers that the contract be.
tween the Louisville and Nashville
road had not been ratified, aud could
not be. The official telegraphed that
he had investigated the report and was
satisfied, from an interview with an
official of the Western and Il tlantic
road, that Governor Brown was
practically debating the policy OF the
Central, and that he was III open hos
tility to the Louisville and Nashville
road, and dete rmined to impose upon
accept. The official went on to say
that it was his opinion from survey
OF the field In Georgia that nothing
short of the building of the Georgia
Western would give the Louisville
and Nash vile protection aud immu
nifty In its southeastern business, and
he urged that steps be taken at once
for the rapid building OF this road.
Tho nni pipn nf fhsS a ffiaiuI hau urout
weight with the Louisville aud Nash
vile people, aud confirms the policy
which the force OF circumstances
already seems driving them TO- opt.
Your correspondent saw Mr.. New
comb, who was naturally reticent
under the circuins ances, aud in refer
ence to the contract of the Georgia
Central, he stated that IL was true tnat
he had never ratified it, and in fact
he had never 80 much as presented it
to his board, owing to the iDcorpora-
tiou, by the Georgia Central, of certain
conditions which he said he could not
afford TO advise his company to accept.
Mr.. NewcOmb is deliberate in arriving
at conclusions involving such heavy
responsibilities as these, but 1t may be
safely said that he is now thoroughly
In earnest, and that circumstances will
shortly force him to adopt the policy
that will lead to the building of the
Georgia Western road.
Ss MIR. Wilson says that he and Mr..
Newcomb have come to no definite
understanding, as yet. H. w g..
The Georgia Western 10 be Built.
Especial to Louisville Courier-J ournall
There Ia also no sort of doubt but
the project of the building of the
Georgia Western has been revived.
Your correspondent waited several
hours at the office of the l.. q N. to-
day, where he discovered Messrs. New.
comb, r. Il. Wilson and McGhee in
long and earnest consultation. In
subsequent interview with Wilson and
McGhee, they acknowledged to your
correspondent that the consultation
with Newcomb was ON the subject of
the joint building of the Georgia
western railroad from Atlanta to
Blount springs aud alliance between
their aystem and that of the Louisville
and Nashville. 1t is not denied that
the negotiations 30 far entered are SAT-
isfactory, and will probably resnlt i'm
immediate work. Mr.. Newcomh h will
not give any information at present
but your correspondent has Learned
from an accidental source that he teIe-
graphed to De Funiak to-day: "Have
the route surveyed from Blount
Springs to Atlanta"
These important negotiations have
awakened the greatest interest here in
railroad and financial circles. 1t is an
accredited report on Wall street that
Newcomb has negotiated loan OF
several millions with the Barings, but
he declines to affirm the report at
present. J