Bristol news. [volume] (Bristol, Va. & Tenn.) 1867-189?, 1881-05-31
King Coles Triumph.
The Substantial Fruits of VictO-
ry Snatchcd..trol the tree OF
Adversely.
now lie BORE HIs DEFEAT AND THEN
soARED FOR GBAHDER HEIGHTS
AN OUTLINE or HIS GREAT
RAILROAD SYSTEM.
Atlanta Constitution,

ATLANTA, May 2l.-On Saturday
night, the l7th of January, 1880, at mid.
night thcrc was knock at the door OF
my room IN the Maxwell House IN Nash
vile. lopened the door and Col. y. w
Cole entered. lie had learned in my
room at 3 o'clock that same night Of the
purchasc of these same
roade that he was In control Of by the
Louisville & Nashville road. BY this
"scoop" his vast plans were frustrated
and he found himself In truth, king
without throne. lie had just leased
the 200 miles of the Central system IN
Georgia, aud had fairly organized the
line from st. Louis 10 the sea. lie left
my room ut II o'clock, and returned at
Ii to zee IL had any further news from
the front.
"That great line from st. Louis to the
SEA has been the dream of my life for
years, The sai,l. II was plain to see that
he was suffering terribly ut the sudden
Illustration Of his plans, but he never ut
tered u word Of rcpr0ach or anger. lie
seemed TO be thinking of some new plan.
When II was announced that hc had
become associated with the Wilson and
Mc(ihee system, that controlled the
Memphis q Charleston road, and had
purciiasrd the Macon & Brunswick, his
talk Of that january night was recalled
10 my mind. But | soon found that he
WINS merely made President Of these
roads at n salary, and that he had little
power outside Of hls executive functions.
had heard too much of the conserva-
tlsm of Mr.. Wilson, who really controll-
cI these roads, 10 ever hope that he
would very much enlarge his properties,
Indeed II wac very well undcrslood that
Mr.. Wilson, anxious TO retire from heavy
aud active business, would rather con-
tract than extend his investments, and
with him In control, Col. Coles line
ugaln passed out Of my mind.
But "mark the sequel" On last Sat
uriay night, IN room GU of the Fifth Av-
cnue Hotel, IN New York, was aston
lahcd. learned there nnd then from
the gentlmcn assembled, that Col. Cole
Ind purchased through the syndicate,
most Of whom were then on hand, the
entire Wilson aud McGhcc system of the
Macon & Brunswick road, and that he
would at once connect the systems by
building on the missing links. ] was
fairly nslonlshcd M the vast scheme was
unfoldcd, and turning TO Col. Cole re-
minded him of our mlk over one year
before about this very line. lie smiled
and said
~ told YOU then had to move quiet
ly and deliberately unill wns sure Of
my ground. So J have. hut now
know precisely where stand and | will
show you some rapid work"
lie then turned TO his friends aud
Rnld:
~ have authorized the statement that
our cars would be running from Atlanta
10 Macon by January next, and to Rome
BY March" -.
The statement waa Endorsed by all
prrscnt, With the addition that the com
alructlon contract would be closed ON
Monday, npd that all the money that
could possibly bc employed IN hurrylng
tho work forward would be forthcoming.
Tie formation 0f ibis syndicate II
probably un,qaallcd IN the financial llls-
tory Of New York, ] quote Mr.. George
I. Aency, the President of the Mctropol-
itAn Hank, on this subjoct. lie ahid
"Col. Cole aud ms friends IN the syn
dicate will agree with me In the state
nipnt that I never heAid the matter mem
toned until Thuraday morning. l'nill
then had no more llca Of inycsting In
these railroads than ] had ef lhrciilng