The weekly Floridian. [volume] (Tallahassee, Fla.) 1867-19??, 1888-02-09

1a0 1oAAtoo0 0oAOs
Akl2 O'Clock Monday Spsaiss Master
]. H. Durkee announced in nont Of ths
U. 8. Court House stJacksonyille thsshs
would sell tothe highess bidder the VISIT
ern Division Of the Florida Railway and
Navigation system, described in the ad-
vertisement of sale as follows: IL
All that certain line of railroad of the Florida
Central and Western Railroad Company and its
successor, the Florida Railway and Navigation
Company, as conveyed by the mortgage or deed
of trust Sc, forth in the decree herein extending
from point In the city ef Jacksonville 10 Chat
tahoochee, with branches from Tallahassee to
ST Marks and from Driftou 10 Monticello in
GLIDING the rights of1way therefor, the road-bed
thereof, the superstructurcs Of all sorts thereon,
It's water and other stations, houses and shops,
the lands and grounds connected Herewith, and
the tools and implements used or provided TO be
used thereon, and in constructing and repairing
cars and machinery of said road or the track
and superstructures aforesaid, and all turn
tables, depots, buildings, fixtures and struc-
lures OF whatever name or nature and
the lands and grounds connected Herewith
wherever situated, and all Cars, engines, and
rolling stock adjudged in said decree to belong
to said Florida Central and Western Railroad
Company, and all supplies and other things pro-
vided by the said company companies or by
the Receiver thereof to be used in operating said
read, together with all the corporate franchises
of said Florida Railway and Navigation Com
pany, and said original Florida Central and Wes-
tern Railroad Company Including the rights
privileges liberties, immunities and franchises
Of said several companies, to be and act rs cor
porations, 30 far as the same relate To the line
of road from Jacksonville to Chattahoochee, with
its branches from Tallahassee 10 st. Marks and
from Drifton to Monticello, and the terminal
property at Jacksonville
All OF said properly above described will be
sold as an entirety, and subject o. to the lien OF
the certificates and notes issued by the Receiver
under the orders OF this Court, not paid out OF
the proceeds of sale, and ~ TO the lien Ola deed
or prior mortgage, in favor Of Edward Lewis, 10
secure the payment of twenty-five thousand dol
| lars, with the interest due thereon, OF and upon
the, st. Marks branch and lands at Tallahassee
Major Durkee stated that anybody
who wished to bid would have to deposit
certified check for $4,000, a precau
tionary guarantee Of good faith" which
efectuallly limited the luxury of attempt
ing the purchase of big railroad, and
much abbreviated the proceedings. Nc
one making bid, the Master said he had
one in writing, accompanied by the above
mentioned check, from w. Bayard Cut
ting for $l,21O,OOO, and to him the prop
erty was duly declared sold.
Until recently it was the general i'm
preston that H. B. Plant, of the Savan
nah, Florida and Western Railway, woult
be on hand to gobble this division of oul
great Florida system, as it was known tha
he had got possession of the GA
bonds; but Mr.. Cutting controlled thu
"B" bonds, which gave him the option
Of the ga" bonds, and securing these h,
was master of the situation. The result
is for the benefit of the people, inasmucl
as the Florida Railway and Navigation
Company remains in competition with tn,
Savannah, Florida and Western Com
pany. 1t is stated that Mr.. Cutting viii
have the remainder of the F. r. & n
system sold in April next and buy it, ant
reorganization will follow to finally end
it is TO be hoped, the long, vexatious pc
riod of embarrassment that has crippled
the usefulness of a corporation which ha
so long been essential to the development
and progress Of large portion of Flor
ida.
The Palatka Ne.cs has this common
upou tile sale.
The sale of the Western Division of the Flori
da Railway aud Navigation system to w. Bay
ard Cutting, at jacksonville, yesterday, will b.
a reiefto the business men Of Florida Fear
have been entertained that it would fall into tn,
hands of the Plant system. The recent comb
nation between the Georgia Central and tn,
| Plant system looked omnous for the interests o
Florida. Itlooked as though the Western Di
| vision ofthe Florida Railway and Navigation
| division, the former Florida Central and Yves
tern road, would fall into the hands of the Plan
| system and IL. Is. Plant would be virtually
dictator in Florida transportation. Jacksonville
would be the worst sufferer, as all avenues in
| TO that city would be controlled as one
All roads entering or to ent Florids
would be at the mercy of the Sa-
vannah Florida and Western road ant
| would be obliged to submit 10 its dctatOn Of
rather to the uecrees of the system of which il
was part. Such were the fears that lent inter
| est 10 yesterdays sale at Jacksonville.
The effect of this sale on Paatka's business in
terests cannot be harmful. The Macon road
when it is built, will give us connections NORTH
and East as valuable as any Jacksonville ha.
and put us on par with that city in the compe
ttion for the trade Of the section of Florida Il
the east and west and southwark of u.s. W.
have assurances that nothing can prevent tn,
building OF that road. While Jacksonvilles rail
road facilities will doubtless be increased in the
| near future, those of Paatka will be recreated il
large measure until this city becomes one O
the most promising in the State for wholesal.
| business and manufacturing
Within the past thirty days the