Knoxville daily chronicle. [volume] (Knoxville, Tenn.) 1870-1882, 1881-05-28
Rates OF ADVERTISING.
King Col 8 New Syndicate.

In regart to the recent accom- sbmens
of Col. E. W. Cole, president of the E. T..
Y. sc Railroad, the Nashville Ameri-
can re- jrther in an interview, elected the
following facts:
Reporter-Have you any objections to
giving to the public what occurred in New
York, the extent of purchases already
made, and roads soon to be built?
Colonel COle-None at all. / learned
from my friends who held CO trolling in~
terest in the East Tei nessee, Virginia and
Georgia Railroad system that they wer.
willihg to sell their stock. / also learned
that e9otiations were being prosecu, ed by
another party for its purchase. Having
determined to control this line, 1 formed
the sysdicate which purchased the four~
ffths of The stock il the East Tenn esseee,
Virginia q Georgia Railroad system the
syndicate expressing a willingness to take
the other one fifth 1T The same price if
desired by those holding it. About the
same time the purchase of the M acon s.
Brunswick Railroad WAS effected, AID
capital sufficient to entend that road to
Atlanta, and from Alfalfa to Rome, was
subscribed, which connect the Georgia
system with the East Tennessee, Virginia
Il Georgia system, and Chattanooga dlvis
ion of tee East Tennessee. Virginia &
Georgia Railroad and the State Ii e, on
the Dalton division of the same road BY
3 p N on Monday the amount auired to
accomplish all hat the syndicate nave Ut
present in hand SIG, COO. COZ was su bscribed.
From the sppiiratiors made su bse quen1ly
dou b'less the sub cription could have been
d" al led it it had been wanted. Major
Wilson. Colonel McGhee and hr Mal-
tiers, amor & the genslem an who sold out
retained all intertst in til ne~ syndicate
amp will cooperate IN the future. and The
more extended development Of this very
important property. The new combina-
has great strength which will nrccessary
be Hf advantage in the territory through
witch the systems will ran, aud it is our
purpose to tni-h pu'tit & ! of our lines.
IN al about |. 400 miles when complete
in hrst-class order, and speedily fbi-n the
Road from Knoxville To The stats Inr, c n
necung with The Louisville aud Nashville
Railroad to Louisville. IS we'll as 10 COIN
pleLe the road from "orrlstt VII to Pa 1T
K ,ck on tbs North Carolina line there
connecting with Nor'h and South Carroll
nas systems of rail Dads, when Will give
The shortest line from the her hive 40 the
large t'rrl 0ry lying east of and between
The mountains and the seahuard This
will open uuf for Il East Tennessee 8 large
local business into that ,errt ,ry. The
fOrmati' MS Of n new line from Chsttanong.
10 Atlanta, and the Atlantic at Brunswick
and Savannah must be of great adva tase
the com ciai pro- perity of The whole
country rs we'll as of Georgia
Reporter Most IF the miles of road
pr' sed to- constructed at once ! g in
the State of Georgia do thew nol2 Don't
you think that capitol could be secured to
-vel'p the important -grl, turai and
miner / Interests of Tenne. see rs we'll as Of
Ge -'rgia?
Colonel Cole-Yes, the roads to be at
once built are almost entirely IN Georgia
We expect to have the road from NJ con IT,
Atlanta runni < by j >buary. 1882 and
FRI m Atlanta Rome by he SAM time. if
possible, but there is nte heavy w"rk
between. Atlanta to Rome when NAV
teIay little, but all will be it ss
quickly rs men AID money can accom-
,'ilsh it now tn t our own Tennes-
ZEE has 81 pped upon the high plare of
public credit, L have > doub that capital
will be Really secured To develop her
Imme o resources and make htr one of
the greatest States Of The Federal Union.