The weekly Floridian. [volume] (Tallahassee, Fla.) 1867-19??, 1882-11-21
Columbus (Ga.) Daily EnquirerSun, Nov. III
LOUaSVILLE Il NASHVILLE R. n.
SOmeGk ing about the Florida Inter.
esIs Of the Great Com binafiOm.

Hearing that W. D. Chipley, vice-prrsident of
the Pensacola and Atlantic Railroad was in town
looking after the Columbus and Rome Railroad
which is also under his charge. we concluded 10
see if he would give us his views upon article.
which happened to be before Us at the time, the
tendency of which was 10 prove the Louisville
and Nashville Railroad Company bankrupt,
which, if true, would be q calamity Of an apal-
ling character TO the entire South. Mr.. Cbipley,
commenced to talk when he reached The follow
lowing exrac, from the Daily Graphic:
Besides this, there have been still more reck-
less expenditures, such as the issue of 5000 900
bonds for the utterly worthless Pensacola divis-
ion, and the guarantee of 5000 900 for the al
most equally worthless Pensacola and Atlantic
road"
This is not merely a misstaiement-it is ALSO
luteIy Infamous. took charge OF the Pensacola
division of the L. and N. system abou; tx years
ago 10 period of general depression. The Pen
sacoa road was unsafe for hand car carried
young man To Pensacola with me, who, after
looking at the scrap heaps, called engines, sug-
gested that We Jack up the whistles and build
new engines 10 them" The only engine in or.
der was ditched and nearly demolished within
two weeks after took charge. The cars were
mere wrecks, and looked rs my master mechanic
expressed it, p" like the tail end of II widow wo-
mans properly" l had charge Tor Nj. Sulliv an
about three years. The track was ut in perfect
order rotten bridges were rebuilt and the roll
built. The ne, Income on the face IF this was
per cent. On 5000 600 the tirst year. Al per cent
the thlnl year. This wasdane without any MS
sistanse or eve cordial relations with nv con-
nection With the VI. aud NJ. railroad under the
TYLER administration, which was my only ou.-
let"
Reparier -" the net revenue on your hest
year dill NOT equal the fixed charges on III. pi ice
pail I" Mr.. SULLIVAN"
Mr.. c." True; but The increase in popula-
tim III Pens cola siHce he sold should increase
the revenue at the road Is per cent. and the in
creased commerce and manufacturing us much
more. The increase has beru even more. In
taci recall, upon reflection, that for The time
had Charge Of the Pensacola division after its
sale (ncarly yar the net earnings exceeded six
per cent upon its cost. and my recollection is
that il did still better for the year olowng"
Mr.. c." Have you Poors Manualy'
Repnrter-" Yes"
Mr.. c." Then l will take your most solvent
roads in Georgia. and the copy of POors Manual
will show you that for the year ending March
81, 1882. the Georgia railroad earned $4y648 per
mile gross; Atlanta aud West Point earned s.,
100 per mile gross; Savannah, Florida and
Western earned $3807 per mile gr,,ss s ,uih
western earned 5000 per mile gross; Western
Alabama earned g, 258 per mile gross ] have
not been connected with the Pensacola road
for nearly lwo years, but from the annual report
of President Baldwin notice that the Pensacola
YailTO8tt e8T0eu uH year ctfli0x June, lcoS,
34,111 per mile gross. Yet the stock iobbers
and their organ call II worthless. cheaper
mad u maintain cannot be found in the country
and the Possibilities for this division and for
Pensacnla are simply immense. told DR..
Staudeford, who 10 an eminensly successful Cap
italist, when he bought this division just what
| am telling Yoh, and he thought It valuable and
moi worthless. In fact the Doctor toll uue q few
months ago that his policy ut that time was not
| tn 20 10 New Orleans At all but make Pensacola
| the port for the system. Without any official
knowledge, but from persons observation.
| would Judge that years earnings or more has
been spent at Pensacola for terminal facilities,
| but they were needed to meet the rapidly in
creasing business. They are permanent, and will
serve for = century 10 come, and were neces-
Hcpsrser. What about the Louisville and
| N ashviIIe's new Vice Prcsideni-Sm Z"
Mr.. c." My personal acquaintance with Mr.:
| Smith h slight and just now have no Official
| connection with the i. and n: system, but
have known for yean Of Mr.. Smith's capacity
and VIII eomflned with a energy that never
| tires and a honesly that win never :,
+ nep0rtes. How about that almost eqpaity
| worthless PenGaeolA md Atlantic
Mr. q There = q principal governing tee.-
| noeS Wh31h uu6Gl tuue III btatomeots nom 9 Nm
ness who ~ easa isaps.snsd As Sc soy e. =
Aihnijo {rhnds n M + built through the