The morning news. [volume] (Savannah, Ga.) 1887-1900, 1888-10-24
TALK ABOUT THE DEAL.
THE TERMINAL CONSOLIDATION A
BIG THING FOR SAVANNAH.

Traffic Being Diverted to Other Points
--Savannah the Natural Southern
Terminus for the Consolidated Sys
tems-Efecs of the Deal on the Cen
trails New Enterpr:ses-The Way
the Consolidation is Looked UPON
from the Outside-Ihe Terminal:
Eistory-1t's Mileage.
The announcement in the MORNING
news yesterday of the big Terminal SCOOP
caused sensation here. 1t was pretty
generally discussed in commercial circles
and the general opinion seems to BE-
that it will prove a good thing for Savau-
nah. The interview with Gen. Alexander,
expressing his confidence in the friendliness
of President Inman to Savannah, had
much TO do with the favorable opinions.
There were some doubts expressed that
so large a consolidation might not be good
thing, and the opinion was expressed that
the big syndicate may divert traffic in
some other direction. This argument"
Gen Alexander said to a MORNING News
reporter, 'is simply ridiculous. 1t Is tie
best thing that ever happened for Georgia
and the city of Savannah. | do not want
TO say how much good it is going TO do Sa-
vannah. don't want to boast. lprefer
that results shall show for themselves The
same kind of talk was INDUCED in upon my
accession to the presidency of the Central
after the Raoul contest"
PROUD OF ITS CAMPAIGN.
AS to the effect upon the stock of the Cen
trail Gen. Alexander said: The retiring
board of the Georgia company has every
reason to be proud of its campaign in the
Central. 1t took up stock which the man
agement then in control of only valued at
rs and demonstrated its real value to be SO
great that in less than two years it sells its
whole in terest for cash for a figure proba-
bly, between $50 and 200. Evidently the
Few purchasers are satisfied that in the
consolidation now being formed the vslue
of the stock will be still further, and very
largely enhanced. Those stockholders who
had faith in the new management two
years ago have had the benefit Of per
cent dividends. and of the enhanced mar
ket value of their stock. / feel sure that
those who still have confidence in the prop
erty will never have cause to regret it.
THE CONSULTATIONS TERMINUS
Gen. Alexander went on to show that Sa-
vannah is the natural southern terminus Of
the great consolidation, and as the Central
Is the only system Of southern roads having
terminal facilities for its water lines in New
York, Boston and Philadelphia, the value
very great. Instead Il being to Savan abs
disadvantage, it will be largely to her ad-
vantage, and in a few years the city will
have grown beyond the antlcipatious Of the
most hopeful. Instead of less freight com
ing here, Gen. Alexander says that there
will be much larger volume of business,
requiring increased facilities for ocean
transportation.
'Various figures have been given as to
how many miles are controlled by the Ter
minal company; win YOU state just what it
will now control with its latest acquisi-
tion!'
THE TERMINALS MILEAGE
1.-THE Terminal company has 4 ,497 miles
of rails finished and probably 200 miles
under construction; then it has 200 miles of
water line from West Point TO Baltimore,
making rail and water lines to the extent
of 4, S.G miles. The Central has :, 242 miles
of road finished aud about 200 miles under
construction. Its water line, if you count
from Savannah to Boston. from Savannah
b. Philadelphia and from Savannah TO New
York, is 1900 miles, or a total Of land and
water lines of 4, 442 miles,
"What effect will the consolidation have
upon the construction Of other roads look
ing to this pointIn
"If you mean the Columbus and Eden
extension said Gen. Alexander, 81 do not
think it will interfere with the building of
that. As have said before think it will
be built without any unnecessary delay. AS
to the effect upon other roads contemplated
by other parties outside of the Terminal
control, | Of course cannot say"
THE road from McRae to Savannah,
talked Of by the East Tennessee, Virginia
and Georgia folks, will not be built thenr'
81 should think not. | do not anticipate
that We will have to abandon the Eastman
route to Americas. We cross the East
Tennessee, Virginia and Georgia at East
man, which was leased to the Terminal
company last week, and they can come in
on the Eden extension"
OTHER CONSULTATIONS TO FOLLOW.
"You said that there are other consolida-
tons to follow. Are you prepared to say in
what direction we may look for themr'
well, no. l merely say, as | said yes
terday, that the consolidation of southern
end western systems of railroads must fol
low, and as they can be operated more
economically, they can have better equip
ments, afford better facilities and the more
thoroughly develop the country"
"Will the Terminal Company extend its
lines into Floridap
~ think not. think it will be the policy
10 let the railroads in Florida collect the
productions of the state as heretofore. and
we will haul them off"
There will be no antagonisms then be-
bHecu bhe ldnl bJ SJtlll anu Tue Terminal
CompanyP
FRIENDLY TO THE PLANT SYSTEM
'..There has always been good feeling be-
tween the Plant system and the Central
system, and l see no reason why it should
not continue. The Plant Investment Com
pany, or Mr.. Plant, is l think, one of the
largest individual stockholders in the Ter
minal company"
"What effect will the consolidation have
upon Brunswick"
1.-The Terminal will need all the facilities
it has for that point. There will always be
class of freight, such as naval stores tim
Der and lumber, that will be shipped from
that port"
Gen. Alexander will leave for the north
the latter part of the week to confer with
the Terminal directory and aid in arranging
the details of the consolidation.
BIG THING FOR SAVANNAH.
Maj. A. J.. Hartridge, who is we'll posted
In the affairs of the railroad systems of the
south, said yesterday that the deal is a
great thing for Savannah, and he added that
Gen. Alexander will be retained as president
of the Central system. The Richmond and
Danville, the East Tennessee, Virginia and
Georgia, and the Central Railroad and
Banking Company being three distinct sys-
TENS, be said, will continue 20 be operated
by three separate local boards The |
Terminal directors will of COURSE control !