The Anderson intelligencer. [volume] (Anderson Court House, S.C.) 1860-1914, 1881-04-14
A NEW TRIPLE ALLI..NCE.
The South Carolina, Georgia and Central
Railroads-A Combination that Promises
Great Things for Charleston.
Special Dispatch to Ne,ps and Courier.

AUGUSTA, April 6.
Railroad rumors, which have been agi-
tating this section for some time past,
took definite shape to-day. 1t is now
said that the friends of the Central Rail-
road purchased enough stock of the
Georgia Railroad to secure the control
of the latter. 1t is generally believed
that such is the case.
Mr.. William NJ. Wadley, president of
the Central Railroad, arrived in Augusta
this morning, having been met at Millen
by a 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
system,:i it was very probable that such a
scheme would beperfected. None Of those
roads would own any other, but all would
work together for the general benefit. So
far from doing anything to iniure Au-
gusta or Charleston, he would do all In
bis power to add to their prosperity. he
intended to give Charleston as good
line of steamers as 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 earnest desire is to promote its ad-
vancement.
Messrs. Wadley and VIM. johnson, of
Macon, and Samual Sloan, of New York,
will reach Charleston tomorrow, when 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 Line
of steamers will be egreatly increased, and
the track of the South Carolina Railroad
run to the water.
"A prominent railroad man declared to-.
day that the South Carolina Railroad as
it now stands earns interest on an amount
equal 10 the whole bonded debt under
the reorganization and to pay 2per cent.
on the stock. To-day the stock of this
road was in request and 40 coul be OBJ
tanned for it, with assessment paid.
Itis 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 the
Georgia Convention in May. Taylor
and others with him are also largely in
terested in Sou tn Carolina and Central.
President Phinizy, of the Georgia
Railroad, stated in an 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 to injure
Charleston: or Augusta. He would not if
he could, and could not he would. Ifa
great through business is to be established
between the West, East and Europe via
Charleston and Savannah, it is highly nee.
essary that the Georgia and the Central
and the South Carolina Railroads work
together in harmony. These roads have
been dividing business for some time, but
under the pooling arrangement the Cen
tral got most of it, 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
shippers at the West can direct which
way freights shall 60 from Atlanta, which
they cannot do now. 1t is impossible as
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 sytem. 1t would inure to
the benefit of ALL.
There has been a break in both Geor-
gia and Central Railroad stocks to-day.
Georgia sold this morning as high as LAB
and before IL O'Clock there were sales at
1885,, the market closing:with sales ut 130.
Central opened strong at 120 bid and
closed at ia with sales at 1143. 1t is
believed, however, that the market will
react tomorrow.
1t is the impression here that the Rich
mond and Danville combination did not
get control of the Spartanburg and Ashe-
Vile Railroad, and the Augusta and
Knoxville Railroad bonds have appre.
ciated in consequence of this impression.
The prevailing opinion is that the pro.
posed triple alliance will be Immediately
and largely advantageous to Charleston.
1t has three great objects, viz: To protect
the allied lines against absorptions and
consultations to avoid cut.throat COM
petition, and to prevent the business of
the territory tributary to Georgia and
South Carolina from being diverted to
Norfolk and other points to the north
ward.
How Horses are Spoiled.