Keowee courier. [volume] (Pickens Court House, S.C.) 1849-current, 1880-03-11
The New Railroad Combinations
-Charleston's Well-Toundod
Expectations!

-IAPOOSteAO4A0i
Tho account given by Vico President
Newcomb of the plans and prospects of tho
Louisville and Nashville Railroad Company
With its five sbousand miles of road and
SI32, 100000 of capital, has special in.
terest for Charleston. Two weeks ago wo
wero able to announce that Charleston was
fully protected in tho arrangements that
had been made for tho distribution Of
Western business at Atlanta, and that
Charleston would havo equal opportunities
with Savannah, tho lines having their ter.
mini ut tho two South Atlantic ports
working a,nicaby together aud standing on
tho same footing. Either the kGuii ledge of
this alliancc, or the expectation Of tho
completion of the Blue Ridge railroad and
Spartanburg aud AshcviIc Rnriload, or
the formation Of souo other combination
which has not yet been given to tho public,
has had the effect of improving tho pros
poets OF Charleston and placing this sna-
port in promising position. The proof of
this is found in the remarkable and rapid
advance ia tho price of tho securities of the
South Carolina Railroad.
1t is evident tLat there is no rEyme or
reason in paying from 2Oa25 for South
Carolina Railroad stock, and 4Oa45 for Non
Mortgage bonds, unless way can TIC found
to put an cnd to litigation and avert sale
OF the road undcra foreclosure of mortgage.
Nor is this sufficient. There must bo like
wise on expectation Of such increase Of
business as will enable tho ro.d to carry its
present bond debt and make tho stock of
potential value. This Increase can only
come from the acquisition Of or Il close con
ncc,iou with other lines, Giving the asssu-
rance of larger proportion Of Western
ircigh's than can bn at present secured.
The very life of tho South Cusoin, Rail
road depends on Charleston, aud wc say,
therefore, that tho bright future Of the
road, as manifested in the iyh price Of it's
securities, points unvrringy to growth aud
development for the city
What is the precise plan Of tho capital
lists who havo taken hold Of The South
Carolina Railroad has not been diyulged
L will he noticed, howovor, that Mr. Nug-
comb speaks of hayuH ,tcoOtf9i Of The Iinc
.rom iiamphig 70 poyt Royal aa1 LNorIs
'1n," nUi says ;,lat "iRcra Wny Dc Jt,s
more descriptions onRou&ca3 MRt harc
dsFc&'H he'n dciU@ihc8 az, lR5 nal IHiiy
ncc"mpSi&&'I@.D ina pos'5iI'Y mat the
South IHroiiD& }a,ruad i40 be atsoybaG
INTO me &l&an"c h2uH"ltI1 system is iali"
ca.cd in dispatch puJis"ol ID tho G0l..
t'moro b"n last friday I!i3 Gj5paioA IS
rs follows:
"Noshvillc and Chattauoooa srn.ag wc,a
thc Tnrnt.tcs to day, ('hur5iay,) naYuuc:n%
from l12 10 10 belor: J. i. III. Iwo
weeks aso the siucs sold ut IS. Gac g.ut
rise Is atlri0utod TO u close W0yhUG ar-
rangcmont with the L0uisgi.,e au. Nasn-
vile, some talk of extra scrip ,;vacMls.
| and an iucg4nsc Of husi o.s from a ciosa
alliance with the South Carolina Railroad
This latter explains to great extent the
recent sharp demand fer the securities of
the South Carolina road, which is still
apparent to day."
We are inclned to think, however, that
what is contemplated is rather the consol-
datlnn of the South Carolina Railroad with
tho Grccnv!llo and Columbia Railroad, and
the building. of the Blue Ridgc R,ilroal.
lhia would give the Charleston and Andcr.
son limo an independent through route 10
The West, as powc:iu!, as a competitor itr
Western trade ana tcaycl, as tie Cla;s.-
noos and ATLANTA lju1, aN& lnlly as inror.
tant We have repeatedly shnwn that The
completion Of an additional rail-
road to connect the Northwestern and
South Atlantic railroad systems is an eco
nomIc necessity, inasmuch as the only
cpancc,ino rod of this class, a! present.,
between Lynohbarg u;i.l, Montgomery, IS
the State Road Of Georgia, runmus iFpn
| Chattanooga to Alauta. iii, rod eau
pgrhAp3 10 maze pabic of accrmmoi did.
the Nho.a q. Tie c%pccIai tusiue>, TO q, d
! snr ih2 Northwest Gml Cu.riaslOu uu,,
| 5sva"nah, but there Ia a!ways d.uy,cr OF !,
| dock Of come sort %uir iha &n;c !so 4
lbs no mlo,itoy. Nur ibis rgasun wc Hc
| lcvr il TO hr the ntclrst OF the NDy;N-
western Railroad combupt;uns 10 cou,truc.
an additional line to the South Atlntic,
and this line must be the Blue Ridge Road
or an extension OF the AshcvlIe route
Che cost will ho trifi,ny, in comparison
with the security given by the opening OF
such line. especially ns the new line can
be owned By the Northwestern lines and be
entirely under their control.
What precise shape Tho railroad ma
DDuvr!ng will take we do not pretend to
say. We know, however, that strong men
with abundant means, arc ut The hack OF
the movement in South Carolina Railroad
securities, and that they arc uot looking
spcculativcly to an immediate realization OF
profits Private tclcgrams received on
Saturday night, from II Trustworthy source
! convey the Information that The news in
New York Is 'chc,ring for Charleston" :"
and we expect thpt rcry shortly s:ch facts
will be furnished IL as will prove chat there
| is a substantial basi, i'Dr ihis well .nncidnyoI