The Morristown gazette. [volume] (Morristown, Tenn.) 1867-1920, 1882-10-11
THE CONSOLIDATED LINE.
CAROLINA, CUMBERLAND CAP O..
CHICAGO ROAD

CHICAGO ROAD.
We published last week a tele-
gram from Mayor Gregg, then at
Greeneville, S. c., announcing the
completion of the organization of
the consolidated Railway Company.
The following which we take from
the Greeneville, S. c., Nelrs of Oct
Sd, mere fully explains the status of
affairs:
Upon the arrival Of Mr.. j. II. Duck
worth, Of North Carolina, yesterday,
the consolidation of the Atlantic and
French Broad Railroad with the Caro-
lima, Cumberland Gap and Chicago
Railroad was consumated and perfected,
the necessary officers being elected and
papers signed. There seems TO be little
doubt that this grand enterprise will be
pushed through, and our people are
CERTAINLY 10 be congratulated upol the
bright prospects which they now have
before them for securing connection
with the West and Northwest and its
splendid system Of railroads.
The following are the officers chosen,
which selection viii give South Caro-
lima virtual control of the ROAD for one
NEhAs anu lAAAAA AAN AheAa AtOAA AAhEu 70
Abbeville Is built
President, Governor Hagood; vice
president, o. G. King, Morristown,
Tenn. directors, Governor Hasood, o.
| e. King. T. G.. Croft, Aiken; Lewis
Jones, Elgefeld; J. 5. Cothran, Able
vile; X. Z. Bowen, Pickens, A. III.
| Gregg, Tennessee; G. NJ. Merritt, Ten
| nessee; VIM. Mcfarland, Tennessee;
/ George Folsom, Tennessee, aud J. H.
Duckworth, North Carolina
An executive commit tee, C insisting Of
Governor HsgoOd, J 5. COthran, II f.
| Bowen and O. G.. King, was selected
and empowered to assume the general
management and supervision of the
roads affairs
Col l. Campbell, of New York,
was chosen secretary and treasurer, and
| Capt w. J. Kirk chief engineer OF the
/ Southern division, composing the States
| 81 South Carolina ana North Carolina.
/ Authority was given for q e imme late
issuance of first and second mortgage
/ bonds aud stock CERTIFICATES, which will
| be print. at the earliest date practical
I BILE. Altogether the bonds aud stock TO
| be issued will amount to $l7, 600, 900.
Headquarters will at once be estab-
/ lished at Aiken, an Office opened and
/ the business of the company put in
proper shape 10 begin work as soon as
poss BILE. Captain Kirk aud Colonel
Campbell will go 10 Aiken Immediately,
and do the preliminary work Of the en-
terprise. As soon as Governor HagOod
retires from the GubernatoTial chair he
will give the road his direct and undivid-
/ ed attention, which will De- a mo inn
pOrtant adjunct 10 its success. The
! construction v IL be the Atlantic and
| Northwestern Cons ructisn Company,
| Of New York, Of which Mr.. VIM.
| SchOfield is president, MeSSrs. Oliver
and Child being among the members.
| The constI uctiOn party agree To build
one hundred miles OF the road year.
We have from the first felt an
abiding confidence in the building
of the road. The terprise was in
! the hands of one who knows no such
word as "fail." To Col. o. c. King
of MOrristOwn essentially belongs
the honor of having conceived the
idea; and il is almost alone to his
persistence and energy that we owe
the successful launching of +. the en-
terprise. lie obtained the charters
for the various companies in the va
riOus States, organized the compa-
mics, arranged for their consUlida-
ton, wrote and talked about the
practicability Of the line, gathered
data and statistics regarding its
mineral, timber and agricultural re-
sources. until he had interested cap
italists, and secured contracts for
the construction of the whole line
1t was expected by the friends of
the enterprise here, and elsewhere,
that he would have the honor of be-
ing the first President of the con
sOlidatcd road. Our readers will
understand that the Carolina, Cum
berland Gap and Chicago Railway
Company is composed of five dis
tinct companies, tO-wit: The Cum
berland Railway of Kentucky; the
MorristOwn, Cumberland Gap and
Ohio Railroad Company; the Nor
ristown and Carolina Railway Com
pany; the Atlantic and French
Broad Valley Railroad Company of
North Carolina, and the French
Broad and Atlantic Railroad Com
pany of South Carolina.
Col. King, as we understand, has
had arrangements perfected for some
time past for the actual consolida-
ton of all the companies into one
Articles of consolidation had been
signed by all the companies except
the French Broad and Atlantic
Railroad Company in South Carroll
ma. When they were presented to
that company to be signed in pur-
suanCe of its written obligation so to
do, a majority of its directors, see
ing their opportunity, declined TO
comply with the obligation resting
upon them, unless Col. King would
consent for them to name Gov. Ha-
good of South Carolina the first
President. Gov. HagoOd was not
stakeholder in the company, rs we
understand, nor had he been in any
way, interested in devising, devel-
oping or organizing the grand
scheme which promises to do so
much for South Carolina, as well as
our own beautiful section. The or
deal was a trying one for Col. King.
Here, almost within his grasp, was
an honorable and lucrative position,
a position due to him in every sense,
because he had actually created it.
They force him to decline this posi-
ton in favor of another, or leopard
ize the contamination of the scheme
which he had devised and had car
ried so nearly through. While we
rejoice over the consolidation Of all
these companies, believing that it is
the sure harbinger Of success, we
cannot refrain from pronOuncing our
condemnation of the selfishness
which has deprived Col. King of his
well merited honor and reward. In