Savannah morning news. [volume] (Savannah) 1868-1887, 1885-07-20
THE RAILWAY WORLD.
Gossip Gathered Everywhere in Rail
road Circles.

road Circles.
Americas is looking forward to the day
when the Americas. Preston and Lump
kin railroad will be extended TO SaVan-
nah.
The bridge over the Ohio river at Hen
dersOn, Ky, was opened for business last
week, and cars now run from Chicago 10
Nashville, Tenn, in sixteen hours.
A correspondent Of the Edgefeld AdUer-
tser advocates the building of the narrow
gauge road from Augusta by Edgeheld,
through Newberry and on TO Chester.
The people OF Edgeheld, :. c., have
asked President Mitchell Of the Augusta,
Gibson aud sandersville railroad, to aid
them by his personal efforts in building
tue Augusta and New berry railroad. he
has promised to do all in his power.
The republic Of Chilli now owes on &C
count OF her railways $24,S1OOOO. In
1888 these railways earned a revenue Of
$b,0l6O49 on capital OF originally less
IMAM 500, 000, 900, and which Is now reduced
10 So, 400 600 Good management and
liberahty on the part Of the government
have brought about this financial result.
the railways Of the Argentine Republic
are on the average earning an annual diYi-
dend OF 6ia per cent.
Messrs. Robert Garrett & Sons and the
Baltimore and Ohio railroad have sub
scnbed $4,000 for the establishment of a
steamship line between Baltimore and
Charleston. Capt. Z. A. Hooper and the
committee of Baltimore business men
who have this enterprise in hand have &c.
cured some handsome subscriptions to the
capital stock, and it is believed the $4,000
from the Garrett and Baltimore and OHIO
interests will place the new steamship
company upon its feet.
The election of officers of the recent
Travelling Passenger A. ents' Association
in Boston, resulted as follows: President,
Charles A. Brown, Boston Vice Presi-
dent, Howard J. PAUL, Philadelphia; Sec
rotary and Treasurer, William b. Tinney,
Indianapolis; Assistant Secretaries, Geo.
A. HauatOrd, Chicago; j. W. White, Au-
gusta, Ga. Mr.. w. W Lord, Jr., was
annual meeting will be held at Lake Min
netonka, MIMI, July 13, 1896.
A new sleeping car company under the
name Of the monarch Parlor Sleeping
Car Company" has been organized in New
I ork city with capital Of S5.O0O000. 1t
is Intended 70 introduce and operate a
new style Of car which can be used on
day runs as a complete parl0r car and at
night as sleeper. Six of these cars are
now in use, and contracts have been
made for number more. Capt. A. +.
several refrigerator lines, is President Of
the new company.
Messrs. Branch's Son & Co., of Augusta,
and their associates Were the purchasers
Of the Griffin, Monticello and Madison
railroad, together with all of its rights,
franchises, immunities, privileges, prop
erty and appurtenances. There has been
expended on this road over SI44,000, and
it is SAID that work viii commence again
at an early date. 1t is proposed to extend
the road to Greenville in Meriwether
county, and have the Columbus people
meet it there. 1t is said the Richmond
aud Danville company will join this road
at Madison.
The six feet gauge has now practically
disappeared from the United States. The
third rail on the Erie road between De
pOsit and Port JeTvis, a distance of 50
miles, was recently taken up. and here
after, with the exception Of the pushing
engines on the hills between Susquehanna
and Deposit only standard guage loco
motives will be used on that division.
The 5-feet guage in the South is also
steadily being replaced, and soon the
standard guage will be the rule, to which
an occasional narrow guage road will
prove the only exception.
Up TO Saturday night residents of Col
umbus had subscribed $l09, 800 for the
Georgia Midland railroad project; $780,
000 or more will be raised. A correspond
ent in writing Of the project says: To
day steel rails are S2G ton against 800 a
ton for Indifferent iron when the first
twenty miles of the Columbus aud Rome
railroad We're built. II is a fact beyond
cavil that il the Midland railroad is built
in "A buslness-like way it can be built for
$4,000 a mile. But let US put il at $4,000
a mile for its stock and bonds. How does
this compare with the railroads of our vi
cinityy The Central railroad proper is 3l2
miles long. 1t is stocked for S24 OBS per mile,
bonded for $50, 769 per mile, or a total OF
$54 S07 per mile. Their S5,0O0000 Of bonds
are per cents. Yet this road, although
hampered with high priced leases and un-
profitable lines, manages TO pay divi-
dend on this immense capitalization.
The Atlanta and West Point railroad was
so immensely successful on a
debt of $4,000 per mile that
it was watered 100 per cent, and
to-day it paws interest on over $4,000
Of bonds per mile aud regular dividends
on an equal amount Of stock. The Geor-
gin Midland ought certainly TO thrive on
One-half the debt. The Montgomery and
stocked for S26, lib per mile, mate for the
/ cent. upon its capital. And the Mobile
aud Girard, purely local road with no
/ through passenger business. paid its in-
/ terest on over 500, 600 Of bonds and had
about $4,000 oput in bettermeDts."
Unauimous Cabinet Decision.