Keowee courier. [volume] (Pickens Court House, S.C.) 1849-current, 1880-07-01
Another Great Railroad Combi-
nation.
TNcw York Times, 16the

New York Times, 10TH
a vast railroad combination, with the
a&iohmond aud Danvillc and the Richmond
nnd York River Roads as tho basis, hos
been formed in the South, negotiations for
which have been in progfess for Is months.
A number of prominent capitalists arc in
terested in tho enterprise, and have en-
harked in it more than S20,000,O0O
Among these arc Mr.. Thomas Clyde, Of
Philadelphia; John and Daniel X. Stewart,
of Richmond, Virginia; tho Nlcssrs. Wal
Mr.. II. i. Plant, Of New York; Messrs
r. Il. Wilson & Co, also of New York;
Mr.. Charles NJ. McGhce, of Tennessee;
Mr.. w. p. Clyde, of New York; Mr..
William. II. Palmer, 7. Nj. Logan, James
II. Gray, A. Y. Stokes and Thomas Brapch
~ &C., Of Richmond, Virginia, and other
we'll known gentlemen in tho South ond
Southwestern States. This combination
will seek to contlc all the through traffic to
and frou tho scabonrd, ia the States Of
WirglEin, North Carolina, South Carolina
Georgia, Tennessee, Northern Alabama
and Mississippi, striking deep water on tho
chesapeake BAY at West Point and Nor
folk. This immense system Of railroads is
tho counterpart Of the Louisville and Nash
vile system, which reaches the scacoast at
Charleston and Savannah, and covers Il
largo extent Of country. Tho purchase,
some IL months ego, Of the Charlotte,
Columbia and Augusta Railroad blythe
Pennsylvania Rpiiroud Company, the
Richmond and Dnnvillo Railroad Company,
and Thomas and William p Clyde, was
the beginning Of this movement. Che sec
ond step was tho formation Of n synlcate
composed of New York, Philadelphia,
Baltimore and Pichmond capitalists con
trolling among them the Richmond and
York River Rui!roud, and tho Selma, Rome
and Dalton Railroad, with numerous
branches, extensions and connections
This syndicate was formed to purchase all
tho railroad interests of tho Pennsylvania
Company South OF Richmond, which yavc
to it the control of tho Richmond, and
Danvillc Railroad, with its leased roads in
North Carolina, running from Richmond to
DanVille, embracing the Piedmont Road
from Danvllo to Greensborougl, North
Carolina, and the North Carolina Railroad
from Goldsborough to Charlotte, as trunk
line, thus affording m outlet through
Richmcnd to deep water for the entire
system. This was followed by the purchase
of the controlling interest in the Giecnvil!e
and Columbia ltailroad Company Of South
and by arrangements for securing the ,nmc-
diate completion of the Wcstcrn North
Carolina Railroad, from Ashevillc, N. c.,
to Paint Rock, Tenn, which makes another
link connecting the roads lying Wost of the
Blue Ridge mountains with those East Of
the Blue Ridge, and at tho same timc
nffording to shortest practical route be-
tween tho Northwest and tho States of shc
Southern scaooard. Tho Richmond and
York River Railroad, composing section
of the trunk limo of this combination, cx-
tends from Richmond, Va, to West Point,
Va, on tho Chesapeake Bay, distance of
3S miles. This road is operated in cnn.
ncction with the Richmond ord v,,;
River line of steamers it was es,g,, "a
during the military operations of &G2, and
was rebuilt in 1867. Tho East Tennessee,
Virginia and Georgia Railroad extends
from Bristol, Tenn, TO Dalton, Ga, With
a branch from Cleveland, Team, to Chatta.
nooga, Tenn, distance Of 270 miles, with
about "a miles Of side tracks. This linc
was formed by tho consolidation in 1859 Of
the East Ienncsaoo and Virginia Railroad
chartered March 6, 1S49, and opened June
10, 1855, with the East Tennessee and
Georgia Railroad, chartered February
q, 1913, and opened October 18, 1866.
The branch road to Chattanooga, 20 miles
In length, was originally separate road,
but it was acquired hy the East Tennessee
and Georgia on its completion. The Rog--
ersvli'e and Jefferson and tho Cipcinnali,
Cumberland Gap and Charleston Railroads
were purchased at a foreclosure sale for tho
non payment of interest on the State mort.
gage lien in 1871. This line includes tho
Western North Carolina Railroad to Paint
Rock Tho line of the NIcmphis and
Charleston Road extends from Memphis,
Tenn, to Stevenson, Ala, distance Of
S7l miles 1t has branches to Somcrvlio,
Ionn., and {" Florence, Ala, making 3G3
miles Of rca3 in tho aggregate, Ihe Selma,
Rome and Dalton Road, plso part Of this
systom extends from Selma. Ala. tn Daltnn