Knoxville daily chronicle. [volume] (Knoxville, Tenn.) 1870-1882, 1881-03-31
RAILROAD NEWS

The freight block AIDE is at last re-
lieved at Louisville, and The Louisville
& Nashville Road is again receiving
freight for ali poll t., south.
The Railroad Gszst tie O, the 25th
records the cont :uction OF "a miles Of
new railroad, making sol miles re.
corded this year against 1913 in CORE
sponolng time in 1880, and 246 miles
in 1879
LII Is generally believed 10 Georgia
tnat the l. & n, has captured the
georgia Road, guaran eeing 8 pr cent.
Inc Augusta Chronicle OF saturday
says: Yesterday the st ok was very
strong at ~ 10 123 BID, a1d compara-
lively little offering. Sales were made
at lZ5. During tins past tro days the
safes amounted t, over 900 shares at
pr;ces ranging from l20 u 1913 com
mencing ct tbe former figure Monday
morning, and closing at the latter yes
terday AFTERNOON. Central Railroad
stock Is tlrm at ITO bid, Ill asked.
"A correspondent OF the Baltimore
sun writes from Philadelphia: N" Mr..
Il. w. CLARKE, oue of the purchasers of
tne Atlantic, Missiesippi and Onio
Railroad, states tlat it is he intention
or the new management to build
oranch lines in the bituminous coal
he!ds of West Virginia, and thor
oughly develop those mineral bed.
Extensive cCal- w harves vii; be built
al N orfoik, and that place made cbsl
shipping point. 4 new Inns of fre gut
steamers will be put on between Nor
folk and Liverpool, expressly for the
shipment OF cotton AMI cattle. M.
George F. Tyler. wealthy ca ri aIist
Oh THIS city, Will bs made the president
OF the Norfolk and Western.'5
Concerning The Georgia Western.
General Gordon says: 1.-The plan is
O build road from Atlanta to Gel
umbus, Miss, and the Georgia West
ern, as it is called, is simply pa,t Of
this line. Wa are workiLg now on the
West ra end toward toe Alabama linz.
We shall commence work on the
Georgia Western link at Atlanta, and
that in the shortest possible time. 1t
is thought that the line bet ween Col.
umbus and the Alabama line is really
the most important part OF the
schema. An experienced railroad
man, " ho is associated vito me, say s
| that will be the best 100 miles % rail-
read in the United st4tes when tie
coal-tields through which it la ses are
| developed. L believe just as strongly
| III the Georgia Western, and it is u
necessary part of the whole line. We
shall put our heaviest force on the
Atlanta end Of the line aud push it
through
Atlanta Constitution The Rich
mOnd and Dan2iile Company have Al
last effected a lease of the Atlanta and
| Charlotte Air Line. For some time
past the Baltimore and Ohio and
Richmond and Danvilie have been
wsrriDg for this lease, which yes err
| cay termlL ated as indicated. By the
trims OF the lease, which have been
ratified, possession will be given A pIiI
%. the DanViile Road pays interest
| upon all the bonds Of the A .lanta and
| Charlotte Air Line, and pays per
cent. upon its stock, puttiug up $500, :
| GOO as guarantee. Subsequent TO this
agreement between the parties, the
Baltimore and Ohio offered to dupli
cate tue above offer, aud in addition
| thereto pay per cent. Four years
| ago, bOncs Of the Atlanta and Char
| lotte Air Line were wOrta 80 cents per
| 100 snd stock thrown in. By the
management Of Il. w. Sibley, presio
| dent, and G. j. F0reacre, general
| manager. the bonds sell now at 10Y.
stock sold al 704 Saturday.
| Louisville Courier-J ournal: The
| Chesapeake and Ohio Railroad will
| build line to louisville from Lex
ington, coming through Versailles, the
charter for which Was procured from
the last Legislature. It will not be ex :
tended to Eiizabethtown. Work will
| begin at once, snG it will be finished
| in two years, possibly in eighteen
months. Mr.. Huntington states that
| he can build the road for $25 900 mile.
while the Short line would have cost
him $4,000. More tan this, Mr..
Huntington has secured the control OF
the E!iZabethtowG and Paducah r Dad,
and will al once go to work to build
the gap which exists betwe Paducah
and Memphis. 1t is said on excellent
authority that Mr.. Huntington has a
perfect understsD ding with the l. l | -
willie and Nash Vile Company. The
managers OF that corporation see that
| another line to Menu bbis IS QUE OF the
certain ties of the future, and they pre-
fer to have it under the control of men
| friendly to it rather than in the posses.
| sion Of more direct rivals. So the c..
and 0. men will be allowed to use the
Cecilia branch. They will carry their
freight to st. Louis over the E. and P.
to Nort7nville, and there delivered to
the l. and n. This will be the COM
pen9ation for the unrestricted use of
the Cecilia branch. By this arrange
ment the G aud 0. gets into Memphis
and will have just as favorable ar
engagements with the Arkansas and
Texas roads as has any other ,mpany.
This, it will be seen, gives Louisville
another outlet t. the Soutn, though
net ju-t Of the kind formerly cont M
plated.