The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1881-09-03
,,,,, - Ameticaa. september 81

ySeIeS ~ Virginia Midlsud has now
sna is s.,o hands which there is every rea-
Tsssu sl,.,e are inimicsl 10 the Interests
sa o,nre The particulars Of the sale,
q lesrned, are very meagre. Colonel
nt' - Taleoit general msnsger OF the
T. and panville railroad at Rich
kiea, ~, ni-nt authorized the following
aa'.g p,pimore and Ohio Railroad Com
"ASet{.h owned a controlling interestin
p'b, 80 Nidhud rosd, have sold their
zoe Midland stock TO a syndicate al the
tHs'u rbleh Is Mr.. John s. Barbour, the
ls' ,SSnt q Tie road, Mr.. B~arbour's $3.50,
ere p,r,ies who are largely interested
s'' ~ Rissmoud aud Danville syndicate,
10 ~ believed that by reason OF this con-
!. ownerhip in the two properties more
.eniou, relations between them viii
Sansr exist. aud that the interests OF
~ Sil be promoted. About three years
no Pennsylvania Company gave M its
49,, south az the Potomac by selling TO
nv u gentlemen interested In the well
Richmond, and DOW comes the Bal
Do and ONO snd gives up It's Interest
'-,s a. The Potomsc. Il IS understood the
,-.ioi, Midland road will be operated as
i,denep3cnt property, and that for the
-seSt no material changes VIII be made"
rg,r .BAgyoNY" MEANS FOR BALTIMORE.
~ some 81 the theories advanced in
al. statement, those familiar With the cir
m.siances VIII at once tske exception. 1t
b.. heen an open Secrc; that since early last
ming. when the project for extend
isr he Virginia Midland M The Interests OF
p'rinore's southern trade was agissted,
Star tbroueb the efforts OF the american,
3D., the projectors Of the enterprise
,-s,rntered AZ every step the persistent
,ro..itiop Of the Richmond and Dan
yia otherwise the "Clyde" syn
S,,'e. This latter body, Of which Mr..
Wihsu P. Clyde. OF Philadelphia, is the
had. controls and operates a vast system OF
r,ilroa9s IN the South, which are all known
~ he In ;be interests q Richmond. where
ere the terminal facilities Of several steam.
dim lines controlled by the syndicate. The
Advantage 81 diyerting freight and other
traffic 10 these steamships, II is at once appa-
rent. is OF sufficient importance 10 account
i5r Ibis s0liciiude for Richmoud's interests.
Indeed. IL wa, because Of the existence Ofthis
cI-s 90 corporation, which had only u termi-
rp,-gi Riclm0ud-that attention was first
attracted 10 toe Disadvantages under which
BilimOre p j, isboring In the matter OF south
go connections. II was found that mer-
tlsn,s and producers located in the South
o4 third nearer to Baltimore than Rich
m0nd could ship freight TO the latter
cty cheaper than To BlltimOre. Pur-
ebl>es made in Richmond, through the
exira facilities offered by the Richmond
snd Danviile, would arrive promptly, while
%n1ggnmeIis from Baltimore 70 The same
points would often be weeks in transit.
When these facts, which were fully set
forth In the american last spring, are re-
meDbersd. the meaning OF the statement
that the purchasers OF the Virginia MID
and 'sre parties largely interested ia the
Richmond and DanYille" will be at once
sppSreai. The further assertion that cit IS
believed that by the common ownership IN
the two properties (tbe Richmond aud Dan
vile and Jbe Virginia Midland) more bar
relations between them VIII here
siter exist" will likewise he accepted rs
almost precluding the possibility OF Baltl-
more ever deriving in the future any benefit
rom the Virginia Midland il the identity OF
be purchasers is correctly stated.
cow The CLYDE MEN FOUGHT OUR INTERESTS.
II will tie remembered that last spring,
when the question OF extending the Yir-
dnis Midland sOuthward was agitated, the
le~cessfty Of obtaining southern connections
which would open up a trade for Baltimore
"a that section, was universally acknow-
edged. Those having charge OF the pro-
az once settled upon the Atlanta and
Charlotte AiT-LiOe as the road which would
lI0rd the mcs, direct connection with At
anta. and negotiations for its purchase
we're accordingly set on foot. The Ciyde
syndicate. hearing of the plan, and know
inr that If the Virginia Midland system be-
cane al accomplished fact the result wOuld
be that Baltimore would obtain that south.
EN- trade which properly belongs 10 her, I'M
mediately commenced an ~antagOnistic move.
Purchasers OF Atlanta snd Charlotte stock
IN The interests Of the Richmond and Dan
vile railroad took the field, and when the
Board Of Directors OF the Airline met IN
New York they were called on 20 consider
two proposals for the purchase OF the con-
interest in this road-One nom the
Richmond and DiBvills and the other from
toe Baltimore and Ohio Railroad Company,
representing the Virginia Midland. The
Clyde mea offered remarkably large induce
for the rOsd. being determined 10
block the Virginia Midland az all cost, and
finally got possession OF Il. Nothing daunt-
ed, TIE Virginia Midland Company deter
mineG to build IN independent line through
North Carolina. and this project rapidly as
sumed shape. Subscriptions were raised IN
many Of the counties OF the two Carolinas,
and the ueg road was everywhere hailed
With Joy. The necessity Of obtaining
southern connections still confronted
the FirgiCia Midland, and q survey OF
lhe southern system resulted IN several
roads being settled on IS desirable. The
western North Carolina road. running
from Statesyille 20 Asheyille, n. G., and
the line Of the proposed extension,
was talked OF e. one OF the connections
which would be Of advantage. This ROAD
never entered prominently into the calcu-
alloDs Of the Virginia Midland officials.
Yet, the mere hint that IL was wanted, re-
suited 10 the Richmond and DaUYitle
- gobbling" IL by a questionable foreclo-
sure Of a mortgage which il held on The
road. Notwithstanding ibis show OF oppo-
sl'lon, the Board Of Directors cf the VIZ
gaia Midland met 10 ibis city April l6Ih
lsi, and resolved 70 push the extension
sOuiaWard 10 Winston, y. c., and apRro-
pTia,ed $4,000 Tor the purpose. Tbis
work is now in progress, and further extern
we're almost arranged for, which
would have brought the road to Spartan
burg, g. G.
BOW CONNECTIONS WOULD HAVE BEEN MADE.
Here Il would have connected With The
Laurens and Spsrtanourg
railroad, now in process OF construction.
me annual meeting Of the stockholders OF
.his road will be held September TN, and
lor some time past efforts have been made
ana, os usual, opposed Oy the Clyde syndi-
eiie--sO secure The election Of officers who
would favor the Virginia Midland. 1t was
proposed 10 reach Greenwood by the nfsF-