Savannah morning news. [volume] (Savannah) 1868-1887, 1883-09-10
RAILROAD RuMRLINGs.
Bright Flashes Of Intelligence from Nea
and Afar

Fort George Island is to be connected
with Jacksonville, Fla, by rail at an early
day.
Large quantities Of iron continue 20
pass through Ocala for the extension OF
the Florida Southern southwark.
The G. & 5. r. Z. has caused the
taxable property of Jackson county, Ga,
to increase nearly S20o,OOO IN single
year.
The length Of the Augusta and Knox
vile Railroad from Augusta TO 6reen-
wood is sixty-eight miles, hfty-one OF
which is IN South Carolina and seventeen
in Georgia.
The Charleston Ne,cs aud Courier says;
The losses of the Charlotte, COLUMBIA
and Augusta Road. under the present
standard schedule Of rates, VIII amount
TO at least 5000 year; the losses OF
the Columbia and Greenyllle Road 10
5000: the losses Of the Northeastern;
Wilmington. Columbia and Augusta ana
the Central Railroads to Sl5.UOO pach.
Z When the June schedule was submitted
il was estimated that the losses OF the
South Carolina Railway would amount 70
100000, and il is now said that there IS
not road in the State but Will nave lis
income reduced
The Key West Fla. NeirS says: ''oome
Of our enterprising citizens VINO nave
faith in the building of the proposed ran
road have recently bought some TWO thou-
sand acres OF land near Punta Kassa,
which point NAV vet be the Gull Jefml-
nus of the South Florida Road from His
simmee city. or the Plant or Gordon road.
If the International and Jacksonville,
Tampa and Key West companies cohsoh-
date there is every reason TO belleNe tnat
the road will be constructed 10 TINS city.
Lands along the proposed route Will soon
be gObbled up by spectators. We nope
more Of our citizens will invest and take
time by the forelOck.'
The Augusta Chronicle says: ''lt is
stated on good authority that Louisville
and Nashville is earning at the rate
Of three per cent. on its stock. The con-
troll of Louisville by the Gould interest
would pave the way for gigantic scheme.
The negotiations pending last spring be-
tween the Gould, Southwestern and East
Tennessee systems have remained In abey-
ance. but the conditions for close alli-
ance have been immensely improved by
the acquisition of the Richmond and Dan
vile and the Memphis and Charleston
Roads. With Louisville and Nashville
in GOuld's control. it would be compare
lively easy to put the southwestern.
Louisville and Nashville. East Tennessee
and Richmond and Danville system prac-
ticaliy under one management. Brokers
in the stock say that the Gould interest
has bought a large amount of Louisville
and Nashville and is not unlikely to have
secured control. The earnings for the
fourth week in August have probably
helped the boom. They showed an in
crease OF over So, O0O."
The Coyington star prints the follow
ing: We have been handed the following
letter. concerning a railroad between
Covington and Athens, which we deem Of
sufficient importance to lay before the
readers of the star for their earnest con-
sideratiOn. II speaks for itself:
OFFICE BRANCH'S son Il Co,
BANKERS AND COTTON MERCHANTS,
AUGUSTA. GA, August 80. 1888. !
Nessrs. I. j. Shepherd q Son, C0UiRg-
ton. "a.
GENTLFMEN-W wish to inquire if
your people are interested in building
railroad from your town TO Athens, to
connect with the Northeastern Railroad?
II they are. we have friends who might be
induced to materially assist in the accom-
plishment Of the object. We write a
similar letter to Madison, because we do
not know which is the most desirable
point for the connection, or which town
is the most interested in building this
connection. Yours truly,
BRANCH's Son & Co.
The Louisville Commercial says: THE
information contained IN q report from
Wall street this morning, in relation to
rumored changes in the directory Of the
Louisville and Nashville Railroad reached
the office at such late hour last night
that it was impossible to CLEAN anything
further upon the subject from local Off
cials. Most Of the resident directors are
out Of the city, and Vice President Smith
could not be found. A gentleman
prominently identified with railroad at
fairs and a former heavy stakeholder in
the company said: i have heard moth
ing of the rumOrs. and know nothing of
any changes to take place in the dirac-
tory. ! question very much whether Mr..
Gould wants anything to do with the
Louisville and Nashville. am not posted
as to his relations with the East Tennes-
see, Virginia and Georgia Road, which is
essential to the completion of his SOUTH
western system. but | am inclined to
think that he has such terms with them
as make him entirely Independent of the
Louisville and Nashville"