Knoxville daily chronicle. [volume] (Knoxville, Tenn.) 1870-1882, 1881-06-01
RAILROAD RUMBLINGS.
New Organization of the Knoxville and
Augusta Company,
And Election of Officers, with Million
Dollars Capital.
The Connection to be Completed With
= Absolute Certainty.

The Connection to be Completed With
Absolute Certainty.
Three influential railroad magnates, who
ale largely interested in the Knoxville and
Augusta Railroad Company, arrived in the
city Monday night stopped at the Atkin
House, and remained but few hours, re-
turning on yesterdays noon train. They
were Gen. G. J. Foreacre, of Georgia, Mr.
Fl. W. Sibley, of New York, and Mr..
Skipwith Wilmer, of Baltimore
A meeting of the stockholders and direc-
tors was held and organized under a new
charter, changing the name to the Knoxville
and Augusta Railway Company, instead of
Railroad " Company. The company starts
out with million dollars capital. Gen. R.
n. Hood, of Maryville, was elected presi-
dent, Mr.. Skipwith Wilmer of Baltimore,
secretary, and Mr.. Chas Burger,
Of Maryville, treasurer. The directors are
| G. J. Foreacre, Skipwith Wilmer, r. N.
Hood and two others.
The property of the old company is to be
| conveyed to the new company Immediately,
and steps taken at once to push the connec-
| ton from Knoxville to Augusta to compile
| ton. The company has an abundance of
capital at their disposal to carry on the
| work, and the officers and directors are of
the right kind of material to make a
success of it. General Foreacre is one
of the ablest and most successful railroad
men in the South, and his heart is in the
work. General Hood is possessed of in.
domitable energy, is thoroughly qualified,
and will as president, strain every point to
have the enterprise completed. In brief
interview with General Hood yesterday even
ing, on the subject, he informed us that the
completion of this, one of Knoxville's most
important proposed railroad connections,
is Just as certain as anything that has not
already taken place. 1t is only matter OF
time This is good news, not only fol
Knoxville, but the entire surrounding
,untry, for it gives US an outlet to the
Southern coast which will be of vast impor
lance
The distance from Knoxville to the North
Carolina line by the proposed route, is s.
miles. Of that route, 16 miles
is built and in running :order Il
Maryville, and the remainder i
surveyed. From the State line through
Nosth Carolina, and a portion of Georgia
by the Rabun Gap route, there is distance
of 100 miles under control of the Knoxville
and Augusta Railway Company, all of which
is chartered and ready to be built. Thi
will connect with the Georgia end of tn
connection, which is now being rapid,
pushed from Augusta this way. Altogethe
it is bright and cheerful outlook for tn
Knoxville and Augusta connection.
Gen G. J. Foreacre, who was formerl
, general manager of the Atlanta and Char
( Iotte Air Line, has been elected vice-pres
dent of the Atlanta and Alabama Railroa
, Company, which was organized in Atlant
, last week. and is to be built at once fro1
Atlanta to Birmingham, Ala.
The Cincinnati Gazette, of Monday, says
It don't make any difference to Cincinna
: who the purchasers of the Kentucky Ger
trail are This city wants the line eXtende
to Knoxville as soon as possible. There
plenty of room for two North and Sout
lines. Besides little sharp competitio
might help to open the eyes of the sinkin
fund trustees to the fact that the Souther
was constructed to be operated as railroad
and not little matter "wherewith to viii
l. AWAY the dayH