Savannah morning news. [volume] (Savannah) 1868-1887, 1883-08-15

Bright Flashes of Intelligence from Near
and Affair."

Bright Flashes of Intelligence from Near
and Altar.
There has Just been placed in the Jack
sonville ticket Office of the Waycross
Railroad Company the largest and hand
soonest ticket case ever brought to the
State. 1t is made of solid walnut, highly
polished, and across the top is painted
Savannah, Florida and Western Rail-
way in gold letters. 1t is ten feet wide
by ten feet high, and has hooks for 1,512
forms of tickets, besides twelve or fifteen
large drawers in which to store surplus
tickets. The handles, locks, ETC., are all
deliberately carved and silver-plated.
COL. COLES BRAIN.
Henry Grady writes from Cape May;
81 had a talk with rich Nashyillian,
who is spending a month at this hotel.
Touching the rumor as TO Col. coles
brain having been affected, he said: "A
more absurd story was never started.
Col. Coles head is as clear as it ever was.
He is, perhaps, the richest man IN Ten
neSsee. and has his business we'll in hand.
He has Just organized a bank with $780,
600 paid up capital, and is building aflYe
story block of houses. He says he has
retired permanently from railroad man
agement. but l doubt that. An old cav
airy horse always pricks his ears when
he hears cannonading, and Cole is al
ways interested when there is excitement
in railroad circles. But whether he stays
out or goes in, his head is very long and
level. his health is fine and his fortune is
way up above million dollars"
THE AUGUSTA AND KNOXVILLE.
The Augusta Chronicle, after explain
ing the causes which led to the EN- bar
rassment of the Augusta and Knoxville
Railway, gives the terms of the agreement
under which the road passes to the con-
ell
IAN offer has been made to the stOckhOld-
ers of the Augusta and Knoxville Rail
road Company to lease Its road, on terms
which will pay , per cent. on the stock of
said company, and will provide for the
payment Of. the interest on the bonded
debt of the company, when arranged as
follows, to wit: The first mortgage
per cent. bonds of the company to
be surrendered, bond for bond, for
a 6 per cent. first mortgage bond
said latter mortgage to be for $780,
600. The present Indebtedness secured by
the present mortgage is $630000, princi-
pal and 500, 900, coupons due and unpaid,
and the difference between the two mort
cages, to wit: $4,000, will be used in
equipping the road and otherwise adding
to the permanent value of the property,
such application to be guarded properly
by the terms OF the mortgage. The pur-
bonds are interested in the Central Rail-
road. They have already secured the prop
erty and have it in their power to force its
sale. They purchased a majority of the
bonds at s. cents on the dollar and
a majority of the stock on terms not made
known. 1t is not the intention of the
purchasers to work anInjury either to the
stock or bOndhOlders. Their offer is just
and liberal. At a meeting Of the bond
holders held in this city last week the
proposition of the friends of the Cen
trail was unanimously accepted, and the
holders present, including prominent bust
ness men, expressed themselves as de-
lighted with the result. Already 100000
Of the bonds are represented as in
dOrsing the proposition. The Chronicle
cordially approves of the happy solution
of the financial troubles of the Augusta
and Knoxville and commends the liber-
ality which has characterized the con-
duct of Captain W. g. Raoul in the mat
ter. The result of the negotiation bodies
great good for the country tributary to
Augusta on both sides of the Savannah.
The near future will demonstrate the
wisdom Of this alliance for Augusta.