The morning news. [volume] (Savannah, Ga.) 1887-1900, 1888-10-24
EFFECTS OF THE DEAL.
GOOD RESULTS TO THE THE EN-
TIRE SOUTH PREDICTED.


Possibilities.
NEW York, Oct, 23.-The mammoth
railroad deal of yesterday, involving the
purchase of the entire capital stock of tho
Georgia company by the Richmond Ter
minal Company. has been the all-engaging
| topic of conversation in Wall street to-day.
| 1t has kept tue stock exchange district
| literally agog. EVERYBODY is astounded at
the enormous transaction, and there is no
end Of discussion as to its far-reaching
effect upon the entire southern railroad
situation. The trade has gono forward to-
day without the slightest interruption, all
the details being adjusted by the attorneys
representing the parties in interest.
TERMS OF THE TRADE.
| The terms of the trade were that $3.50, 900
should be paid down today, and the pal
ance of the s4,200,0O0 to be paid at the
| option of the Terminal company any time
within the next sixty days. The cash pay
ment was made to-day, and President In
man of the Terminal says the remaining
| $3,950,000 will probably be paid in less
than half the time allowed under the terms
of the contract.
| Wall street recklessly jumped at the con-
cusions to-day, and started rumors to tho
effect that the next move of the Terminal
company would be to absorb the entire
| Plant system, as we'll as the South Carolina
railroad.
NO SUCH PLAN FORMULATED.
No such plan has yet been formulated by
the managers of the Terminal company.
In fact such steps have not even been con-
sidered, and are by no means likely to occur
| in the near future. In confirmation of this
view, Hon w. s. Chisholm, of the Plant
system, and director of the Terminal COM
pany, says: 1.-The Plant system is not to be
absorbed by anybody, but will con-
present management, without the slightest
| interference from any other combination"
He further said; 1.-The only thing in any
| sense remotely akin to consolidation of the
Terminal and Plant systems is the perfect
| accord and absolute harmony in which they
are now working. So far as can be seen
these relations will be permanently pre-
served"
NOT TO HURT SAVANNAH.
Judge Chisholm added 1T has been
absurdly suggested that the deal of yester-
day would possibly result ia Injury TO Sa-
vannah by diveruing traffic to Norfolk and
| thence by line of steamers from that port
to New York. This is simply ridiculous.
| The magnificent fleet of the Ocean Steam
ship Company is an abundant guarantee to
Savannah that her future is secure"
| Patrick Calhoun as asked what he could
say with reference to the rumor that the
South Carolina railroad would soon be
gobbled up by the Terminal company. He
said: 81 consider the suggestion not only
premature, but absolutely unfounned." He
was then asked what he thought would be
the effect of yesterdays great deal on the
south at large.
| OF INESTIMABLE BENEFIT.
| He replied: Il think the prospective
benefits are inestimable. The men in con-
troll of the southern railroad situation to-
day are largely interested in southern de-
veiopment. Every leader in these now
allied properties has been connected with
the south for several years past. They were
| among the first who foresaw the
undeveloped wealth there, and went
in as pioneers to develop the
splendid resources of the section.
| Perhaps no combination of men could be
| gotten together in this country who would
| represent such exceptional experience and
ability, and at the same time have such
large interest at stake in the material pros
perity and industrial progress of the terri
tory traversed by the roads they control.
DAILY STEAMERS POSSIBLE.
| stTLo O<,,,+b I, % - .o-tio,Ia-Ixx -
sVUn ~, 4Io 10 pa ~, ,.,;.
o a dps,. AZ; ~; 'Si
many iiiit1o, ~ oeTS Ln'SL AZ push iI
lns noi ~ I. Soos' =. .ront my 20 us 1Au .I WIZ
,:1 any ooooulo o 'ie e9"Potg Vi .ne cou-
Stls sonuaou 'J'SenIS, anI aao. 'no Eoean
1dils HDeanisHip ed OonpaIy noes WIN De
iiiSr enseu anu PEI naPo ualIy nne
S seUaplionSoin ~ snS vei heai iuouie peo"een
iIui oaVaniian anu Now VI n, : ooo 1 no Ieason
Dy Why 'nis sloulu 5IJule eiSnei oharIesoon'
Ioro npyai VI DruilswoA. , On oh9 % coli-
erary, an ene ililes elnpra9eu '; Al Dne lernl-
naI ~ s0els gaenerlnS BUSINESS ron III every
poIIloH Vi Che sou.li, can wen a,oru 10
spare Vs oaVahnans sisOer cili9S % the business
eiae neS neares1 n W tneiii, anu "SIcn, s, IN my
'PAA''0-' "-- -'0''' 10 N'' VIZ A''iA 'N'Nn
SHORT LINES To THE sEA.
"In my judgment short lines to the sea
will cut an important figure in southern
railway development, and each OF the ports
will control that business which naturally
belongs to it, and by this means all are
bound to prosper.
rup rvvror ,rpor Arr.Arr.
.r. g."D 60 - 49,
.ii Inc eiIecG upon A'iansa rsa loo .o9 clear 70
noiu ta ~ .pn ror,,;noG ia .te
very cen.er Oh the rnsn ternslai comPanys
vast terrl1ory, anu, therefore, her iuture
ana grea1 rauway prosPell.y are hsepara-
EIe; Commerce, Immigration ana wealth
Through lines,