The Anderson intelligencer. [volume] (Anderson Court House, S.C.) 1860-1914, 1881-04-14
A NEW TRIPLE ALLIANCE.
Tho South Carolina, Georgia md Central
Raiiroads-A Combination that Promises
Great Things for CharIeston.

Tho South Carolina, Georgia md Central
Railroads.&c. Combination that Promisos
GFeat Things for Charleston.
Special Dispaiclto TO NeFs and Courier.
AUGUSTA, April G.
Railroad rumors, which have been agi-
tating this section for some time past,
took definite shape to-day. It is now
said that The friends of the Central Rail.
road purchased. enough stock Of the
Georgia Railroad to secnre the control
OF the latter. 1t is generally believed
that such is the case.
Mr.. William 81. Wadley, president of
the Central Roilroad, arrived in Augusta
this morning, having besn met at Millen
by q committee of the Georgia Railroad
directors. he stated to persons who
conversed with him that while no def.
mite arrangement had been made looking
to working the Central, the Georgia and
the South Carolina Railroads under one
systom, it was very probable that such
scheme would beperfected. None of these
roads would own any other, but all would
work together for the general benefit. So
far frcr. doing anything to injure Au.
gusta or Charleston, he would do oil In
his power to add to their prosperity. He
intended to give Charleston an good a
line or 9teamers 90 Savannah, and make
its facilities and advantages in every
respect equal TO those of the latter. He
had the good of this section at heart, and
his enrnest desire is to promote It's ad-
vaucement.
Messrs. Wadley and VIM. johnson, of
Macon, aud Samual Sloan, of New York,
will reach Charleston tomorrow, whom it
is supposed the preliminaries will be per-
fected. Col. johnson will arrive in the
afternoon and COL Wadley in the even.
ing It is said that the Quintard Limo
Of steamers will be greatly increased and
the track of the South Carolina Railroad
! run to the water. ~. 1'i -.
a prominent railroad man declared to-
day That the South Carolina Rai,7csd -
it now stands earns interest on an amount
equal 10 the whole bonded debt under
the reorganization and to pay per cont.
on the stock To-day the stock of this
road was in request and 40 could bo OBJ
tanned for it, with assessment paid.
1t is authoritatively stated that Moses
Taylor and other friends Of the Central
bought large blocks of Georgia Railroad
stock. which, In conjunction with
old stock holders in accord with the
movement for the joint working of the
roads, will control the action of tho
G55TBia Convention III afay. Taylor
and others with him are also largely in
terested in Sou tn Carolina and Central.
President Phinizy, of the Georgia
Railroad, stated in nm interview to-day
that it would be to the interest of all the
| roads to work together. That It is folly
to talk about Wadley trying co injure
Charleston or Augusta. He would not if
he could, and could not if he would. Ifa
great through Business 10 to be established
between the West, East and Europe via
Charleston and Savannah, it is highly nee.
essary that the Georgia and the Csntral
and the South Carolina Railroads work
together in harmony. These roads have
been dividing bnsineas for some time, but
under the pooling arrangement the Cen.
tral got most of 1t, having to carry the
larger part of the freight. Under the
proposed system Charleston will have
FULLY as good line of steamships as Sa-
yannah. Each road will continue to
have Its own officers for the management OF
Its own business, but all will be under one
general management. Under this system
way freights shall go from Atlanta, which
| .,o". ~ - III tooSiplS siS
yet TO say exactly what will be done.
There could be nothing settled until the
meeting of the Georgia Road stockholders
In May. Before any arrangement was
made certain conditions must be com
piled with and security given for their
| performance. It was far better, how
ever, for all parties that the roads should
work under one Bytem. It would inure to
the benefit Of all.
There has been o break in both Geor-
gia and Central Railroad stocks to-day.
Georgia sold this morning as high as Las
and before IL O'Clock there were sales at
1876, the market closing,With Gales at 1870.
Central opened strong at 100 bid and
closed at ia with sales at 1l43. 1t is
believed, however, that the market will
react o-morrow. = Z" '4'H
1t is the impression here that the Rich
mond and Danville combination did not
get control of the Spartanburg and Ache
vile Railroad, and the Augusta and
Knoxville Railroad bonds have appte.
ciated in consequence Of this impression.
The prevailing opinion is that the pro-
posed triple alliance will be Immediately
and largely advantageous to Charleston.
It has three great objects, viz: To protec!
the allied lines against absorptions and
consultations to avoid cut.throat COM
petition, and to prevent tho business OF
the territory tributary to Georgia and
South Carolina from being diverted to
Norfolk and other points TO the north.
ward. ., , .i4e r