The morning news. [volume] (Savannah, Ga.) 1887-1900, 1889-05-16
RAIL AND or IS SrIE.

Thad c. Sturgis, taveling passenger
agent of the East Tennessee, Virginia and
Georgia railway, is in town.
Excursion rates on the Central railroad
and Savanna s.. Florida and Western rail-
way will be put On June /. The ticket
agents expect busy season.
TIE East Tennessee, vi 81 Ma and Georgia
aud the Louisville aud Nashville railroads
have locked horns. The TT luble grows out
OF a cut in pasSe ger rates TO all points
lorth and east by the Mobile and Birming-
ham railroad, an adjunct of the former
company. The cut amounts to IS on New
York business and a similar reduction to
Philadelphia.
Geaeral Manager NJ S Belknap OF
the Central railroad returned yesterday
morning in his private car from trip over
the new road, which has just been COM
plsted from Bue Vista to Columbus.
Manager Belkuap said that the road will be
ready for business the latter part Of July.
1t is in good shape, eing well built with
iron bridges and heavy steel rails. 1t will
make a short line betwean Birmingham
and Americas, and will develop a fine ter
ritory.
The Apalachicola CFla) Times says that
movement is taking shape for the charter
a railroad from some point on the Pen
sacola and Atlantic railroad to Apalachi-
cola by way o st. Andrews and St. Joseph,
and the intending incorporators will apply
r. the presen legislature for a arter.
Those having the matter in and are rail-
read mon from the mort west, and the
Times is assured that this scheme is
Straight goods" and will be pushed with
out cessation. In this connection it may be
well to add t4at ca pitalistS are conte plat
ing the bu lding of extensive saw mills a
st. JOSEPH, when they intend to build a
n al mo IN
tie Apalachicola river.
The United States Rolling Stock Com
pany has been awarded the CO ltract for
building the 200 box and 800 fiat cars for
tse Georgia Southern aad Florida road.
The order for 800 Goa cars which the Cen
trail of Georgia recently placed with the
company is being f led at the shops at
4egewich, III. OF the 700 ventilated frui
cars for the same road, half are being buil5
at the Admission sh ps aud half at the New
Decatur shops. The company is also build
ing at the Hegewi h shops twenty-three
cars for passenger service for the Alabama
Midland. E ght of these are first class, six
are second class, four com Oinatioa bag gage
aud passenger, and five baggage, mail ami
express The order is nearly ready for de-
livery. At the same works $50 ore cars for
the Milwaukee and Northern are nearing
completion.
The Central railroad is about to put out
an order for ten more large engines 1t as
learned yesterday around the ge eral offices
that the company is hard at work btllasting
the road. Sand is being us at this en1 of
the Ii Q and rock will be used at the other
end, as the Ce raj railroad has purcnaEed
quarry near Griffil and is putt z 10 a
stone crushe" TO prenare the stone for he
road. The stone ballast will make the Ii ie
compare favorablv vita any the country,
making 1t free from dust, etc., and ena ling
it TO go through all sorts of weather. The
contracts for several iron bridges have bee
ieh on the line bet cen Savannah and Biz
mingham. The bridge at Columbia. Ala,
will be completed in two or three weeks,
giving e Cent al entrance into the city.
The company has recently received over
2, 900 IONS of new steel rails, and more will
be ordered at an early day. Eight hu bred
ions will be used on the Port Royal and
Augusta railroad.
The decision of the board of directors of
the Rio ,nond Ter nj al Co noany to pur-
chase the 1000 odd shares Of Ric lmond and
Danvllle railroad stock not now introlled,
paying therefor al the RAJ of about 1918
..er share the new R4chmon d Termina
collateral trust bonds and new Terminal
comm N stock, the New YORK Commercial
Bulletin sa5 s, mas caused considerable co
mrnt in the street 10 regard to the effect
upon Terminal common. A prominent
of the move, that it is the first step toward
the accomplishment Of the ulIfcatiol of
the Terminal system, proposed TO be secured
undsr the rsorganizati N OF the systems in
deb edness by the issue OF the collateral
t ust SIS. The Terminal company ha
of course. controlling interest il
the DaAville stock nith6 t that now
being secured. but there will be very much
clearer sailing for the Terminal manage
nent after the mi GRITTY interest is in the
Terminal treasury, Or pledged as security
for cola eral trusts. This is explii ell bv
allusi n to the fact that las year the R,c7-
mOnd and Danville company earned about
IA per cent. on its capital Sc ok, bu plld
only 10 PEI cent. in divide ds. Ta.s was
b'cauSe Ger ala memoe Of tle Term n
directory identical with the D .nviils
b ard and others ,jected tn a Ia ger pay
nent, uing the minority int Q t in the
Daavilie Sc ok to support their claims In
otner N tiers also the d. vile miuo' ity
stock has been usel against the wish IS of the
Richmond Terminal board. They thought
tnat the 4 per cent hala cs 81 luld g)lntO
the treasury of the Danvi lie Company. The
director allu led to says that the absolute
cntrol OF tue property will do way of
necessity with ell such differences Of
opinion, and will make the ear ing' aud all
tue assets of the Dan lille company abs)-
lutelv in coltrol the Ter uinal. The o
are other securi les which will sooner or
later be acquired in tho same manner, to
tue benefit Of the Terminal compan p,
though 1t is likely that collateral trust,
viii hereafte be solely depended upon for
fu DIS for payment. Among such securities
may be meni med the mi GRITTY holding, of
EaGt Tennessee first preferred. 1t is alsl
likely that something will be lone before
long about the Term nal preferred.
a Great.Battle