Savannah morning news. [volume] (Savannah) 1868-1887, 1885-03-23

GIeaninga from Along the Track and
CrOsstiss.


The iron for the Tavares, Orlando and
Atlantic Railway is being brought into
Tavares, on the +. r. & \. Road. The
work of LAYING track has commenced, and
will go on uninterrupted.
Capt. Jarvis sent in his resignation last
week as Superintendent Of the Eustis d.
vision of the Florida Southern Railway.
His field of operations was from Fort Ma
son TO Leesburg, TO AstOr and TO Lane
Park.
A new schedule went.into effect on the
Central Railroad yesterday. The changes
are slight and do not affect Savannah.
The day express from Savannah at 10 a.
m, formerly reaching Columbus at 4:lO
a. m. the next morning, will now arrive
at 2:40.
A few weeks ago a switchman in the
Alabama Great Southern yards at Chat
tanOOga, named John Bill, had his right
arm so badly crushed that amputation
was necessary. The railroad company
has paid him 81 200 for the loss Of his arm,
and has given him a lifetime position.
Receiver Fink, OF the East Tennessee,
Virginia and Georgia system, is quoted as
saying that rates ftOm Ohio river points
are In very perturbed state. kilograms
from the Northwest and trunk lines
north of the Ohio indicate that rates are
very much unsettled, and it is already
suspected that several lines are giving
rebates and making reductions, and in a
few days the entire facts will develop.
A preliminary survey of the new s., s.
o. & G.. Railroad from Ocala To TOmpkins-
vile, in fernando county, Florida, has
been made, and much interest has been
awakened along the route of the new
road. The surveyors report favOrably 10
the line, but intend to run two more, and
the most feasible and least expensive one
will be adopted. The road, it is under
stood, will be commenced at once.
The talk of building a railroad between
ShellmOUnd and Rising Fawn is renewed.
The company which owns the Dade coal
mines, whose distributing point is She'll
mound, also control the Rising Fawn fur
mace and considerable business is done
between the two plants. AS it is now,
the freight must be hauled to Chattanooga
over the Nashville and Chattanooga Rail-
road, and then transferred to the Alabama
Great southern to be taken to Rising
Fawn. 1t is reported that the company
propose to connect the two points by rail
this spring.
A formal demand is rumored to have
been made upon the East Tennessee, Nir-
ginia and Georgia for a surrender of the
lease to the Memphis and Charleston.
The full story of the complications grow
ing out of the lease would be long, hut
interesting to stock operators. The road
IS the most valuable of any in the East
Tennessee, Virginia and Georgia system,
having an important traffic Of it's own,
and being cheaply and easily operated.
When the lease was made, says New
York special, the road was bled for the
benefit of East Tennessee, the lessee charg-
ing up very heavy expenses for better
ments and construction, thus bringing it
heavily in debt to the lessee. An effort
was made to recover control of the road for
the stockholders by an assessor ent, and
the lessee at one time agreed to aiprOpOs-
ton tor the cancellation of the lease. The
stockholders, however, disagreed upon
the plan for paying off the debt, and
the late V. X. Stevenson, who
had been its President and re-
| tained a large interest, sold out, and
the scheme fell through. Just about
this time. however, there was a large
| speculative interest held in Philadelphia
and it proved sufficient to hold the bal
auce of power between the Objecting
stockholders and the East Tennessee, and
b. Il. JamisOn, who held a number OF
proxies in addition to their own interest,
| disposed of that to Gen. Thomas and G.
$. Brice at a figure 10 to 0per cent. above
the ruling market price. Since that time,
as is well known, the interest Of Messrs.
Thomas and Brice has been greater in the
Memphis and Charleston than in the East
Tennessee, and now that the road has
been put in excellent condition by reason
of the Improvements made upon the pro-
/ perty and charged to operating expenses
| they are satisfied that the company can
/ be made to earn a dividend within very
| shcrt time. In the present condition OF
the East Tennessee there is little hope
that it will be able to retain its hold upon
/ the road.