Shenandoah herald. [volume] (Woodstock, Va.) 1865-1974, 1881-02-16
The Atlantic, Mississippi and
Ohio Road.


dent Of the New York Herald tele-
graphs as follows in regard to the
sale of the Atlantic Mississippi and
and Ohio railroad, some particulars
of which were given to TIE Sun
yesterday:
"The vague announcement OF the
sale of the Atlantic, Mississippi and
Ohio railroad, estimated to be worth
s30,OO0,OOO, 10 Clarence S. Clark,
of Philadelphia, and associates, for
SS,6O5,00O. is somewhat unsatis-
factory 10 the average Virg.nian,
who is anxious TO know who MIR.
Clark and his associates are and
who they represent. For Mr.. Clark
himself there is authority for say
ing that be is interested largely In
the company now building the Shen-
andoah Valley railroad, and he is
also a director of the Louisville and
Nashville combination of Western
and Southwestern railroads. He
understand 10 be associated with
New York and Philadelphia capital
lists who have purchased the road
for the purpose ofcOnverting it into
a grand trunk line, in connection
with the Louisville and Nashville
and other railroad systems in the
West, which require such an out
let on the seaboard as Norfolk furn-
ishes. 1t is now certain that the
road, under it's new management,
will not he diverted from the local
objects and interests specified III Its
charter. The new purchasers have
been in close consultations with the
old company and have agreed to
make such certain overturcs and
concessions TO the State and for
mer stockholders as will secure
their support and hearty cO-opera-
ton. BY the sale. the State secures
100000 which will be devoted TO
the public schools, and it is under
stood that The stock held by the
cities on the line Of the road and
by private parties, which is now
worthless, will be replaced by the
hew company with new stock of
some value. The fact that Gen.
Malone has been working harmO-
niously with the new purchasers,
and has, on the part Of the old COM
pany, contracted with them for Ger
tain terms, as above, is an an evi.
dence that the interests OF Norfo TX
and the State will be protected. By
these amicable arrangements the
new company will avoid endless lit
igation and make friends of the
Virginia people and the State
The Philadelphia North Ameri-
can, in an article on the sale of the
road, says;
1.-The upward tendency of Read
ing and Jersey central later in the
day was partly explained by the
circulation Of reports that those two
roads, connecting with the Sheaan-
doah Valley at Harris Jurg, the lat
ter with its new purchase at Big
Lick and with tie Louisville and
Nashville 10y completing the Viz
ginia and Kentucky railroad, or
using the East Tennessee, Virginia
and Georgia TO Chattanooga, will
thus form a great trunk line from
New Orleans and Mobile TO New
York. The Louisville and Nash
viIle's leased or controlled branches
afford communication with Memphis
St. Louis, Selma, Montgomery,
Pensacola, Mobile and New Or
leans. They include the Memphis
line, the Nashville and Decatur,
the South and North Alabama, the
Nashville and Chatian )Oga. the
Mobile.the Selma and Montgomery,
the Pensacola and Selma and the
ST. Louis and Southeastern rail-
roads. with severa. little feeders in
Kentucky, Tennessee and Florida,
which will probably be so csnnec-
fed as 10 develop some fine coun-
ties in all those States hitherto
without facilities. The Western
and Atlantic to Atlanta, the Geor-
gia to Augusta and the Georgia
Central to Savannah, also operate
their lines in close and friendly con-
nection with the Louisville and
Nashville. so that the system OF
railroads which thus secures an ex
cellent metropolitan outlet is seen
TO extend its branches literally ovar
the whole South, east OF the Mis-