The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1881-09-04
The Virginia Midland.
WHAT Is THOUGHT OF THE RECENT CHANGE Oh
OWNERS.
baltimore American, sd


Baltimore American, Sd
There seemed TO be considerable feeling
in business circles over the transfer OF the
Virginia Midland railroad 10 tie Richmond
and D.nyille syndicate. Among the dry
goods snd jObbing merchants, 10 whom the
southern trade means a great deal. aud who
have 10 contest stubbOrnly almost every sale
with New York and Philsdelphis, il formed
the topic OF conversation, and much regre,
wss expressed at the sale. The general
Cd MON seemed 10 be that Baltimore bad
now very little prospect Of obtsiniDc cOm-
munieatiOn southwark q a satisfactory na-
turr. or course. they argued, merchandise
could and would he carried over the road !;
but ss the Clvde syndicate has its Interests
largely 10 Philadelphia and New York, the
rosd would be run in the interests Of those
cities.
Mr. W. s. Powell, Of the Brown Chemical
Compsny-Oue Of the heyrty workers in the
Interest Of the Merchants and Manufac-
turers' Association-staied 10 a reporter Of
the American that he was a-tounded at the
sale OF the stock 10 the syndicate. "There
Il something about il that every one does
not understand" said he, as be glanced
over list Of the gentlemen comprising The
syndicate. 1t leaves Baltimore in a bad
wsy, both as 10 her southern jobbiDg trade
and the influx Of staple products. You
know that since the war the South hiss been
rising ste.d,ly. and stands az nigh 10 her
commercial credit as any other section OF
the United States. Within the past few
years not only New York snd Philadelphia
have awakened TO this facf, but Boston and
Cinclnnst have also come forward, aud
these, with Baltimore. are cOniesting
Tor southern trade. We get good
share Of Il. Our geographical posi-.
ton warrants it, but in spite OF
everything The sysiem OF railroads is
working against rs. Baltimore Is not a
natural terminus from q southern direction,
and now We are left with no road which
can be run In the interest Of the city eX-
cept the Western Maryland. IL IS natural
for a road 10 be run in the interest OF what
ever ciiy the stockholders have their cspltal
and their business. The Pennsylyanis, ana
With IL The Baltimore and Potomac, North
err Central, the p, w. and b., are run IN
the interest and are exceedingly beneficial
10 New York and Philadelphia, while we
have only few steamers running 20 south
ern ports. which cannot aud will not carry
alI the freight we give them. Our only
chance now, Il seems, is 10y transportation
lines 10 southern points" Mr.. Powers
views were echoed by many other mer-
ehsnts, who appeared to take most gloomy
Views Of the situation.
TIE FEELING Is ALEXANDRIA, VA.
A special TO the american last night from
Alexandra, Va. says: "Colonel Barbour
OF the Virginia Midland railroad, has gone
10 the Gfeenbrier sulphur Springs. Before
leaving Alexandra be Informed few per-
sonsl friends that the statement OF the pur"
chase BY the Clyde syndicate OF The virginia
Midland railroad was true. he added that
the sale would make 20 changes a. regards
de officers and employes Of the Virginia
Midland Company; that he would remain
president Of The road. lie added that be wss
one Of the prime movers ia tue purchase
that the road would become independent OF
an other companies, and be one OF the
most prosperous, a. IL Is one OF
the most excellent, enterprises OF tDe
country. The sale % the road created eonsld-
cradle tak In Alexandra to-dsJ. IL IS
thought there that the sale will be benehelal
10 The city, particularly ~ Colonel Barbour
Is one OF rs purchasers. AS businessmen
there understand IL. the road Is 10 be ope-
rated independently Of all outside ipnu-
ences whatever, aud without restrictions 30
far as It's own intrinsic Interests are con
esr0ed, and that The new combinations 70
be effected will greatly advance The business
Of The Virginia midland read by opening
ney territory. While II Is stated that the
purchasers sre residents OF New York; pal.
Tnore, and Virgins, II Is claimed By the