The weekly Floridian. [volume] (Tallahassee, Fla.) 1867-19??, 1881-09-13
The Lease .Ofthe CINCINNATI South


A dispatch from Cincinnati, September
4, says:
Yesterday afternoon the Trustees OF the Gin.
cinnati Southern Railroad met and considered
the ten bids for the lease of the Southern Rail.
road, given in detail in these dispatches on Au-
gust 18th. Four of the bids were thrown out as
informal, and six were considered That OF
Fred. Wolfe, Of New York, was accepted as the
best and highest. The action of the Board OF
Trustees now remains TO be confirmed by the
Board of Sinking Fund Commissioners before
the formal lease can be executed.
The Charleston Nesos and Courier says :
The Alabama and Great Southern Railroad
Company, which becomes the lessee of the Gin
ciunati Southern Railroad. owns 200 miles of
road from Wauhatchie Tenn, six miles from
Chattanooga, 10 Meridian, Miss With the Gin
cinnati SOuiherl which is 1886 miles long, the
Alabama and Great Southern Railroad will be-
come formidable rival of the Cole system, and
have literally The inside track for South West
ern business. The leasing road, we believe, be-
longs TO what is known as the Erlanger Syndi-
cate.
The Cincinnati Gazette says:
1t means that the whole power and infiu-
ence of the Eranger Syndicate will be thrown
on the side OF The commercial interests of this
city. 1t means the conversion of the wilds
tivated farms and thriving cities and towns
1t means the building up Of a local traffic on
the line of the road that will add as much
TO the trade of Cincinnati as the construction
Of the C., H. and D., o. and NJ, or Little
Miami has, II means that the principal lines of
railroads in Alabama, Mississippi, West Louis
lana and Southern Georgia will be operated in
the interests of Cincinnati. II means that the
geOgra phical position of his east and west lines
will make it 10 the interest of the L. & NJ 10
let him into all points covered by its lines
in GEORGIA, North and South Carolina, in order
that It may obtain an outlet to Central Mssissip
pi, West Louisina, and the Gould and Paramore
system in Texas.
The Cincinnati Times Star, of Satur-
day. referring to the acceptance by the
trustees of the above road of the bid for
its lease by Fred Wolfe. representing
the Erlanger syndicate and the probable
action of Col. Cole in reference thereto,
had the following:
Col E. W. Cole, president CT the East Ten
nessee, Virginia and Georgia railroad, arrived
in the city this morning in company with his
secretary, w. w. McKoun, and the attorney of
the road. Col Julius L. Brown
They registered al the Grand Hotel. and soon
after their arrival q consultation was held be-
tween these gentlemen and Colonel T. G. Camp
BELL the attorney for the line of roads at this
point, and the proposed lease of the Southern
road was discussed in all its bearings. The
claims of Colonel Cole the attorneys considered
good and fully decided to take the matter into
court if the Erlanger bid was accepted They
would, however, compromise by allowing one
third OF the stock 10 be held by some Cincinnati
company, one-third by the changers and one
third by Colonel Cole, and this could be done by.
mutual agreement between the parties inter-
ested If, however, the Granger bid was ac-
cepted, they would never be permitted to close
and the rights of the East Tennessee, Virginia
and Georgia would be maintained 10 the courts
A special dispatch to the Charleston
Nescs and Courier of September sth,
says: "a.
A telegram received here from New York
states that a contract was signed to-day by E.
w. Cole for the Cole Syndicate, and e. P. Hunt
ington for the Kentucky Central Railroad, by
which the Kentucky Central IL to be extended
at once to Livingston, where 1t viii be met by
Tennessee. Virginia and Georgia, both 10 be
completed by July next, thus giving Cincinnati
another outlet, and the Cole system line indie
pendent Of the Cincinnati Southern, and only
ten miles further from Cincinnati to Dalton, Ca.
than via the Cincinnati Southern.
A telegram from New York, September
9Th, says: aa IA 81
An agreement has been signed BY e. w. Cole
president Of the East Tennessee, Virginia and
Georgia system OF railroads, and @. p. Hunting
ton, which secures for Coles sysfem / 400 miles
Of road, connection with Cincinnati and the
West vie Knoxville and the Knoxville and Ohio
division Of the East Tennessee, Virginia and
Georgia Railroad, and over the Kentucky Cen
shn 1.a anff<<r
expected TO be complsted By next July. .s