Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1886-07-01
THE GREAT SYSTEM.
LEAsE OF THE G. AND o. ROAD TO
TAKE YFYECr TODAY.
Their P-e@rt ificers to Retsin Their
old Z 81 las with Unchanged
D les, &c.

D les, &c.
A special TO the Cincinnati Com
mercial- Gazette dated New York, June
26th, says:
"The lease OF the Chesapeake and
Ohio to the Newport's News and Missis-
sippi Valley is only preparatory to .
merger Of the Eastern system to the
Transcontinental route controlled by
Messrs. Huntington, Stanford, and
Crocker. 1t provides for the working
Of the system in harmony with the
Huntington roads east Of the Missis-
sippi. The organization ofthe Newport's
News and Mississippi Valley Company
is almost exactly the same as that of the
Southern Pacific, which has acquired by
purchase Of stock the control Of oil the
lines west of the Mississippi heretofore
identified with Huntington and STAN
ford. The operating company had al
ready acquired the lease of the Chess-
peake and Ohio, the Chesapeake and
Southwestern, and the Elizsbethtown
and Big Sandy, and will also have the
control of the new line now building up
the east side of the Ohio river, the
bridge over the Ohio at Covington, for
which authority has already been
granted by Congress, and what was for
merly known as the river division Of the
Ohio Central, which connects with the
Columbus, Toledo and Hooking Valley.
"The lease to the operating company
Of the Chesapeake and Ohio takes effect
July lst. Information as to its details
was refused to your representative to-
day, but director Of the company had
no hesitation in explaining that there
would be no change whatever in the
operating department.
"Mr. John Muir, who is we'll known
for his work as general manager Of the
Oregon Railway and Navigation Com
pany, was brought East by Mr.. Hun
tiDgton month or six weeks ago and
made general traffic manager Of the
Chesapeake and Ohio. He retains the
same position for the Newport's News
and Mississippi Valley. All the Hun
tington lines east of the Mississippi are
to be put under the control of the ope-
rating company as soon as possible,
and the eastern system to be made as
complete as that on the other side Of
the Mississippi is under the manage
ment OF the Southern Pacific Railway
Company.
"Mr. A. S. Hatch, who has been
for a long time identified with this
company as director and banker,
told your correspondent this afternoon
that the new consolidation would be OF
great advantage to the bondholders Of
the Chesapeake and Ohio, because the
interests of its western connecting
lines were consolidated with it, and
that they could give it larger per-
centage Of business than it could trans
fer to them, and he felt sure that the
expenses of management could be
reduced.
"details Of the merger have not yet
been completed, but directors meet
iDgs will be frequent for the next fort
night, and q circular will be sent to all
interested as soon as the plan is finally
settled. When the lines now under
contract are finished and the bridge
across the Ohio completed, this COM
pany will have its independent line un-
der one management to Toledo, on the
the lakes, Indianapolis, St. Louis, Lou
isville, Memphis, and New Orleans"
A representative Of the Dispatch
called at the office Of General Williams
G. Wickham, second vice-president OF
the Chesapeake and Ohio Company, yes
terday, with a view to gaining further
information on this subject, but be was
not in the city. Secretary Wellford
said he was not acquainted with the
provisions Of the lease, but the follow
ing circular had been issued
NEwPoRT's News AND MIssIssIP- !
PI-VALLEY COMPANY,
OFFlCE ot TIE RESlDENl, Z
% BROAD STREET,
NEW YORK, July /, 1886. }
CIRCULAR No. 5.-The Newport's
News and Mississippi-valley Company
having leased the Chesapeake and Ohio
railway, to take effect this day, the
jurisdiction of the officers Of the East
ern Division Of this company is hereby
extended over said leased property.
c. p. HUNTINGTON,
President.
Neither this circular nor the terms Of
the lease will in any wise affect the
present management of the company
as the officers referred to in the above
are the same ones who are now in charge
of the Chesapeake and Ohio. Each
officer will retain his present position
and will have his present duties to per.
form-no more, no less.