Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1883-05-05
The Extent and vAlue of the Memphis
SVsIe.u of Railroads..

The New Orleans PiedytIne suggests that
probably Gould's particular greatness az a
consoildator is responsible for number of
rumors. 00e OF the most persistent, which
is in all Of the papers, is that he is about to
consolidate With the East TeanSsee-, Viz
ginis and Georgia syslem. This operates, if
we reckon with it the Shenandoah Valley
and the Norfolk and Western, 2203 miles,
and would practically extend Gould's South
western system TO the Atlantic coast. 1t ter
inmates on the west at Memphis, on the
south at Lauderdsle, Miss, and Brunswick,
Ga, on the east at Norfolk, Va, and on
the north at Hagerstown, Md, and has
many valuable branches, including one
TO the Kentucky State line which con-
meets with the Louisville and Nashville
and so reaches the Ohio Valley cities.
Gould can reach Memphis from the west
both by the Little Rock and Memphis road,
which he can have whenever he likes 10
come TO terms about the debt, and which he
practically manages pow, and also by the
Springfield and Memphis road, in process of
construction, which will be glad 10 take his
business from the crossing to Memphis. The
objection to the consolidation ia the same as
in the case Of the Mobile and Ohio-too lit
tie margin for water. The East Tennessee,
Virginia ard Georgia, with its 1883 miles of
rosd, has, We believe, So, 100000 or $780,
| OUOiOOO olOCh auu JULIUS Ou VI bdN EOO3UOO
per mile. However, it could be made 10
carry Sl2, goo or SIS 900 more, snd perhaps
Gould would be willing TO gather it in for
| SO slender an inducement. The real objeC-
ton would seem to be the plain fact that
il is to his interest TO throw his
Texas and Arkansas business over his
| Wsbash roads to Toledo, whence he
has connections almost completed 10
New York and Boston. 1t is necessary to
receive stock reports with caution. The Mem
phis and Charleston stockholders are anx-
ious to fix up some plan for their advantage,
| and the East Tennessee syndicate is the same
sharp combination which built the "Nickel-
| Plate" in the space OF year from BnffIlo
| to Chicsso, and then saddled it on Wander
| bilt's broad shoulders at a net profit of say
100000. But the New York Herald CT
Saturday, thought the consolidation was
pretty much agreed on, and the New York
| Times, according 10 our Washington special
in Wednesday mornings Picayuae, is also
satisfied of it, and it may be 30. Adding TO
Gauid's South western of 950l miles the East
Tennessee system of 2203 miles, there will be
| II 704 miles under one management III he
has done this, he will be likely TO extend his
new road from Lauderdsie, Miss, 10 New Or
leans, about 200 miles, which would give
him a splendid connection with his Texas
system and an al-rsil route through the bss
cotton, cattle, wheat, iron, coal and tobacco
country in the Southern States, from Sierri
Blancs, near the west end OF Texas, to the
port of Norfolk, one of the best on the AT
lsntic, about SIS straight as can well be built
It's chief DETECTION being the dip to the south
I ward necessary TO reach deep water at New
Orleans. Such a consolidation will do M
damage 10 New OrieaDs, which is mere IN
l terested in securing additional roads than il
the ownership of those already in existence