The Brookhaven leader. [volume] (Brookhaven, Miss.) 1883-1891, 1883-05-03
NEWS TO MISsussIPPIANs.
\ Grent Southern Railway Com
bIn9ti0n by Jay Gould.

The News Is in the possession OF
facts concerning the movements OF
certain railway officials and capital
| is that would indicate the for forma-
tion at on early DAY of the greatest
and most comprehensive system OF
railways in America, and judging
from The success Of the leader of the
combina.icn in other enterprises oil
great pith and moment, il is safe to
say that Mr.. Gould, for it is no other
than he, will accomplish all that he
has undertaken in this, his latest
scheme, and carry il suCc, sstully
through, and establish a system Of
railways that viii dwarf even his
southern cnmhiA atiLn. The News
announced few days ago that Mr..
Could had placed himself in q posi-
ton where he could at the proper
time secure control of the East
Tennessee, Virginia aud Georgia
system, better known US the Seney
Syndicate's lines, by lease or
through it's voting power direct.
These lines, as is well known, reach
from Norfolk to Savannah, Bruins
wick, Chattanooga, Atlanta, Macon,
Meridian and Memphis. To secure
this mileage was no small undertak-
ing, but, great as it is, it is but q; drop
in the bucket when compared to the
mileage Of what will soon be known
as "rhe Gould Combination" which
will embrace the Seney, Erlanger,
Wabash and Missouri Pacific sys-
TEN, with a mileage Of about $4,000
miles. The Wabash is already
substantially part Of the Missouri
Pacific system, and the Seney roads
are as good as secured.
The Erlanger system is still under
the control OF the London board, but
if rumor has it right, the control
will in The near future pass to Mr.
Gould, either by lease or through
traffic agreement, which will be
equivalent to lease. 1t has genCr-
ally been supposed hereabouts that
the Erlanger syndicate had become
so identified with the South that its
interests were altogether IN the di-
rection Of further vcslments, but
such is not the fact. The Erlanger
lines proper and what are called the
Changer system are widely different
! but not conflicting interests. The
public has never correctly under
! stood how the Alabama, New Or
leans and Texas Pacific Junction
Railway Company, limited, was
formed or what it owns. In the
first place there is no such corpora
ton as the "Erlanger Syndicate
neither does Baron EDlangor own the
control Of the voting power of the
Alabama, New Orleans and Texas
Pacific junction Company. This is
hell by Lon don capitalists, and it is
this company that holds the major
ity Of the share capital of the Gin
cinnati, New Orleans and Texas
Pacific Company, known as the
lessee of the Cincinnati Southern.
The A. N. o. and L. 7. j. company
also own the Vicksburg and Merid-
ian road, and the New Orleans and
Northeastern, which is now heing
constructed from Meridian, Miss,
to New Orleans. The Alabama
Great Southern, from Chattanooga
to Meridian, is the property Of Baron
Erlanger & Company, and although
it is a part of what is known as the
Erlanger, system, is not the proper
ty of the A. N. o. and T. p. j. com
pany, as is generally supposed
About the time of the completion Of
the Cincinnati Southern, Baron
Erlanger sent Mr.. John Scott ovel
to take the management of the A
G. s., with instructions to put the
-, property on its feet if possible
Mr.. Scott was not slow to see that
with the Southern on the north and
the Vicksburg and Meridian on the
south, as a part of the A. G. S. sys
tenn. the property might be made tC
return a fair yield on the investment
This he communicated to Baron
Changer with the suggestion that
/ the V. d M. be purchased, a line be-
tween Meridian and New Orleans
constructed, and the Southern Sc
cured, either by lease or purchase
Mr.. SCOTS suggestions were adopt.
ed and the Changer Syndicate
: formed for the purpose mentioned
, But in organizing this syndicate, or
more properly speaking, the Alaba-
ma, New ORLEANS and Texas Pacific
junction Railway company, limited
Er.anger & Co. became large min
GRITTY holders Of its stock, but did
not sell the A. G. S. to it, and right
there is where Mr.. Gould will fnd,
or rather has found the weak spot in
the "Erlanger system" Baron Err.
hanger has the RICH. to sell the A. G
5, and being daring speculator,
Mr.. Gould will find him, in fact has
found him, the right man in the
right place. Now with the A. G S.,
and with E. +. V. & G. system un-
: der his control, Mr.. Gould would be
master of the situation, and the
London board would be obliged to
either sell out everything, including
the lease Of the Southern, or build a
new road from Meridian to Chatta-
uOOoa a distance Of 295 miles IN