Savannah morning news. [volume] (Savannah) 1868-1887, 1885-06-05
AMONG THE RAILROAps.
GIeanings from Along the Track and
CrOssties.

GIeanings from Along the Track and
CrOssties.
J. Z. Dart has been appointed road
master of the Brunswick and Western
Railroad in place of w. r. Kline, re-
signed.
Aldermen Joseph and Voolfolk have
been appointed to represent the interests
Of the city of Columbus at the annual
meeting Of the stockholders Of the Mobile
and Girard Railroad on July 1.
The Jacksonville, st. Augustine and
Halifax River Railway have completed
their track into ST. Augustine west Of the
Hotel san Marco. The foundation OF the
freight depot is already laid, and work
men are now engaged on the wood work,
etc.
At the meeting Of the Columbus Coun-
ell on Wednesday a communication was
received from the directors of the Georgia
Midland Railway Company asking that
the Council exchange the city's stock in
the Mobile and Glrard Railroad Tor stock
In the Georgia Midland TO an amount
equal 10 the market value of the Mobile
and Girard stock on the day of the trans
Ter. This communication was backed up
by one from committee of the Board OF
Trade urging the Council 10 accept the
proposition and thereby encourage the
building OF the Georgia Midland, which
would prove valuable outlet for Column
bus. There seems 30 be but little doubt
In Columbus that the resolution will be
passed, as majority Of the Council UNI
questionably favor the project IL begins
10 look now as ii Columbus il vet to get
direct connection with Atlanta by rail.
A high official Of the Plant system is
quoted as saying in regard 10 the Issuing
OF new first mortgage bonds Of the Charles
ton and Savannah Railway on Wednes-
day that the issue was needed in order 10
give the road a credit. The track he said,
was in splendid condition, with steel rails
all through from Charleston 10 savannah,
with short break or two along the line.
The outstanding first mortgage bonds,
amounting 10 100000, will be retired
and replaced with the new bonds,
and the company will have bal
ance at It's disposal 10 pay of It's floating
Debt and funds or credit enough 10 pro-
cure thorough equipment. The present
equipment OF the road is leased-pr0yided
by the other roads In the system. No
change Of management Is contemplated
and the road will remain, as at present, in
] the Plant system. The prospects Of the
road are good. IL Is true that the railroad
interests throughout the country has been
very much depressed, but In spite
Of this road did "a fair business
the past season, and there is every
prospect OF "a continued improve
ment. AS the attractions of the South
become more widely known Northern
travel win increase, and strong
hopes before many years Of maxi
ing this the route ior the West Indian
trade with port in Florida. We GER
tainly look for continued Improvement
In the travel. Last spring aud winter ii
was very fair. 70 Doe sure. the New Or
leans Exposition accounted for this "a "A
certain degree, but SIN many of The trav-
ClcrB took occasion 10 visit Florida
and other Southern States. Next year
they will, / think, come IN even larger
numbers. The new financial organi1a-
tion Of the Charleston and savannah Rail-
way cannot but prove beneficial 10 the
company. don't think 10 will bee neces-
saryto issue the entire amount of the new
bonds, but 10 was thought best 10 fix the
amount at such q figure as was warranted
by the condition Of the road and 40 would
give IL proper credit"