Alexandria gazette. [volume] (Alexandria, D.C.) 1834-1974, 1881-09-03
The Virginia Midland BEa;;ruHI

The isc!s, IS lscarIaincd IN caUnccion :. i.I
tho sale Of the stock Of the Virgiaia Midland
Railroad are that tho stock Gwncd by ho Bil,
timore and Ohio ard ,ha Garrett i:tcr St,
5000, 600 in all, has been purchased Tor CASH
by MIR. JOHN 8. Barbour End Others. itciudisu
members OF iho Richmond and Dinvil!a ~ysil
ohe. Tie stock OF tho Ei!eioia Midard
amonts to $4,000 600. of which 81, 500 600 is
tlrst preferred. 81 500 900 saoond prefer, d and
sSOO. OOO common. Tbo nav purchasers tako
SOOoOO OF the common, aud the other
81 400 600 is made ur from tho olhor Two sotk
Issues. The Virginia Midland boz ded debt is
s. G35. 600. 10 six series of bonds, mskiog with
The stock total of So. l35 roo al Tho vslu OF
the property.
For the present, at east, no change is ooc-
formulated 10 the officers ord msnpgrmopl Of
the Virginia Midland, which is 10 be ofcra;td
as an independent linz.
Tho new purchasers of the V:rgiuia Midac
haVo assumed $l2 SOC. 900 Ct ohl:g4;ions ths,
must be taken caro- Of.
The special correspondent OF tho i3.!iimo1e
Sun. 10 this city, yesterday. obtained tho ioIow
Ing: Hon. John s. Barbour passed through
hero this moroipg. ca rtu'o 10 Grccnh.ior
White Sulphur Springs. la q sacrt talk hc
said that tho only one slmpln fact OF tho recent
negotiation was that the Baltimore and Ohio
Company had sold out st rntO satisfactory 70
tho purchasers the stock which gavo q controlling
interest in tho Virginia Midland Eoad. lie
utd not state tho ratio OF which tho stock Gas
purchased. 10 relation 10 the ecncrsl policy to
be pursued undor tho now arrangements he
gcsled lhatlt must DO evident that tho road il
Conducted as trust for The benefit OF tho stock.
holders; lls management must look TO he inter
est Of the road IS their STANDARD Ct pudlnoo, Ia
promote this must DO the aim OF tho managers.
Beyond this nothing could DO slid. Thought.
iul railroad muo here say that tue hcW shu III
and deal involved 10 tho rooi ri transfer of the
stock held By the Baltimore and OHIO syndicate
10 the Virginia Midland Company opens a lev
phase 10 the railway combinations Of this sec
lion OF the country. The outcome Ct Tho lrals
action will be, us is said, tho creation Of new
railroad power, whose moral basis will DO the
interests and development Of Virginia. The Car
ollnas and Georgia, with Mr.. John s. Barbour
IS o rail way potentale matching Soott, Garrett
or Vanderbilt. Ii is not disguised thnt tho re
cent sale OF stock surrerdcIs o:nlrol over rail
way Interests which il was supposed Baltimore
Woald never abandon, and there is a pcnerslim
preston that Mt. Barbour has gained tho inde.
peudence OF bis road, ty handling of c,mpes
interests tending 10 that result with skill and
foresig BIT that will give him Tho oou6dsnce Of
capitalists, and secure him The support CT the
oomm1nires whose railway interests bro undrr
bis Management. Ooc of the most notable fao!
10 This connection is that the State OF Virginia
has lost nothing by the Midland Road. Every
doll,r Htloh tho State invested has been paid
back. The Blltimore and Oao Roed. sill
controls that section of the old Manassas Rail-
way which ii leased from tho Midland Road
mary years ago, and which forms q part of The
Baltimore route up the valley Of Vrsici. 10
Stauotop.
From persons who are 10 posi:ioa to know
1t ls learned that the lack of money to c,mp o. c
the North Carolina extension was one reason
f'r the sale. while another was that ia suIron
deriug tho Virgiri, Midlard tho b. & o. do
ternlnsd to adopt another tick not so much at.
tended with opposition. which is TO push their
through connection to the South ADD South
west by tho Valley route to Bristol. Trna.
SAVED FROM DROWNING RI A IIoRSE.-
Miss Kennedy and several companious, while
bathing 10 Lake Harriet. near Minneapolis
MluD.. wadad ioto deep hole. aal Miss Ken
ncdy WAS drowned Tho Others were recled
BY Dt. Foster, who Yves riding by II tie time
on horseback. Tho DOCTOR o1nnot swim q
stroke. but he urged bis horse into The water,
guided him out to thu drowning girls and told
them to tske held of the horses tail and they
YOU ID be towed ashore Gao Of tho gills grasp
ed tho horss'. hosd. ard pulled him under ia
ter. de quickly threw up his hesd, When she
grasped the msno, and the whole party were
safely towed to shallow wit,r. When he
started out, the Doctor saw Miss Kennedy
Struggllog Ia the water. her hands only bsog
visible abcva the surface. He is OF opinion
that sha sank instantly and but ooce, as no ono
saw her tiss 10 the surfsc,. The body was 70.
covered after being 10 the water abou. twanty
minutes.