The Anderson intelligencer. [volume] (Anderson Court House, S.C.) 1860-1914, 1881-04-21
The New Railroad Combination.

| 1uf Ncu 1tuitTOdu COMDlllntiONs
We learn that Col. Wadley presented
70 the board the full particulars Of the
negotiations which resulted in the rent of
] the Georgia Railroad action which was
rendered necessary by the efforts of the
| Clyde combination to secure the legiti-
mate business of the South Atlantic
ports, specially Savannah and Charles.
ton. 1t was shown that tho Clyde Syn.
dicate have control of over fourteen hun
| dred miles Of railway in the South, to
wit: Richmond and Danville, Al miles !;
Piedmont Railroad, a link built by the
| Confederate Government during the war
between Danville and Greensboro',) J 49
| miles; Northwestern North Carolina, 25
miles; Western North Carolina, 1856
! miles; North Carolina Railroad, 283
miles Charlotte, Columbia and Augusta,
100 mics; Greenville and Columbia,
i64 miles Spartanburg, Union and Col.
| umbia, 50 miles Atlanta and Charlotte
| Air Line, 269 miles; Laurens Railroad,
81 miles; Blue Ridge Railroad, 43 miles
Elberton Airline, so miles. Clyde, in
| conjunction with Gen. Logan, of Rich.
| m0Dd, and other parties, forming a strong
syndicate, have left nothing undone to SO.
| cure the business Of this section, 7ith the
object Of building up Norfolk, to which
! port they have fine steamship line from
New York, and in which they are largely
interested. They are possessed of ample
means, and their purpose was TO secure
the Georgia Railroad at any price. Dur.
ing the negotiations, which closed with
the rent OF the Georgia to w. N. Wadley
/ and associates, there was representative
of the Clyde Syndicate IN Augusta with
instructions. it is understood, to 20 be-
yond any offer that might be made by
| other pa-tica. The directors Of the Geor.
gia considered the proposition made by
Messrs. VIM. NJ. Wadlcy, Moses Taylor,
John II. Fisher and Samuel Sloan, the
| best for tho interests of the road and the
Stale, and accepted it, rs is known, de-
Ginning to entertain any project having
| for its object the building up of a North
| Atlantic ports. This measure was rem
dered absolutely necessary to defeat the
| schemes of the Clyde combination, and is
| claimed to be in the interests Of Savan-
nah and Charleston. All the detail, we
| understand, were fully explained by Col.
Wadley, and the board unanimously
| approved of the course pursued. The
| rem. OF the Georgia is not to the South
| Carolina Road or specifically to the own
ers thereof, but virtually to Col. VIM. NJ.
Wadley, who is backed by parties having
| large interests In the South Carolina.
The Purchasing Committee Of that road
arc in full accord with the lessees and are
working to so arrange matters rs to place
! the South Carolina under similar con-
tract with Messrs. Wndley and associates.
This action will probably be taken in a
| short time, as it is thought that the OBJ
| stacles which now prevent tho road from
passing into the hands of the firm men.
toned, and new organization being
effected, will br speedily removed. =
| After this thorough exposition of the
| motive, which urge this unifcation of the
| roads, we understand that the sense of
| the directors on the subject Of the Cen
trail entering into such contract was
taken and was found to be favorable to
combination Of the three roads under one
management in traffic agreement,
| without discrimination in favor Of
Charleston or Savannah. Further dis.
cussion followed in regard to various
| matters, the nature of which we were
unable to ascertain. 1t was decided
however, that the directory would enter.
tain such proposed contract us that refer
| red to, and the matter was left with Col.
Wadley to work up the details, and in
tangible form present his proposition at q
fects his pIans
the Central Railroad may not he
leased, that the same parties who rented
the Georgia Railroad may contract to
operate aud manage the Central for IN
unlimited time, upon paying a certain
sum per annum for the right and comply
ing with certain conditions and prov IS
ions. 1t may be assumed in the event
this is donc that .ile contractors or
'essoes Will pay gdod round slim aiinu-
ally considerably in excess of the rental
of the Georgia. This may or may not be
done, but it would seem from the above,
which is based on what Is reliable infor-
nation, to be very probable, notwith-
standing the assertion that talk of lease
OF .ha Central is absurd. The future will
prove. II was contended that the Cen.
trail could not lease the Georgia, and yet
we fir. that Col. Wadley has fanked all
obstacles and secured the Georgia. All
things point to the three roads being
practically made one corporation, with
Col. Wadley as manager. Mr.. Quintard,
controlling the CbcTieston and New York
steamship lines, is in full accord with the
proposed movement, and as soon as
everything is accomplished, the facilities
of that line will be increased.
The controlling idea in the whole
movement seems to bo that Charleston
and Savannah, under existing crcum.
stances, cannot afford to be rivals and
must work harmoniously together. This
in brier. we think, comprises the main
points Of the present status Of railroad
affairs. Although our deductions upon
the results of yesterdays meeting may
not be entirely accurate, yet they are log
cal.-Sdpanaah News.