The morning news. [volume] (Savannah, Ga.) 1887-1900, 1889-02-15
ON RAIL AND CRossrIE.
local and General Gossip in Railway
Circles.


The Central railroad through sleeper to
birmingham was crowded last night.
The only railroad now being built in Ala
hama is the Alabama Midland, from Balm
bridge. Ga, to Montgomery Resumption
# work on the road from Gadsden to
Huntsville is promised.
The minority stockholders of the East
Tennessee Virginia and Georgia seem in
earnest about preventing its consolidation
INTO the Richmond Terminal combination.
They have recently had the case transferred
from the chancery court Of Knoxville to
+be United States court.
Cecil Gabbett, general manager of the
Western Railway of Alabama and of the
Atlanta and West Point railway, is spoken
If as the probable general manager of the
Ga7rqia railroad in addition to his present
dntieS 1t is rumored and denied that GEN
ergl Manager Green win be retired.
The Chattanooga, Rome and Columbus
road is in receipt of twenty new 10000
pound freight and ore cars for use on toe
road The necessity for the new cars is
orea, ed by the opening Of the new iron ore
hanks at Cedartown, Melville, ellis and
Clarks, which are shipping iron all the
time
A corps of American railway engineers
left Chicago on Feb. for Coquimbo, Peru,
under engagement to the CHILEAN govern
rnant to superintend the surveying and
construction of railway lines from coast
cifies to interior points adjacent to the
Argentine Republic. The lines will pene-
trafe TO the silver mines, and facilitate the
settlement of the country. Agents are now
on the coast negotiating for nearly 10000
600 ties aud other timbers All articles,
incl1 ing machinery. will be admitted free
of duty. Nearly 900 engineers and over
5000 laborers will be engaged for service in
OIL; ,,ovt o,,t,i.,ln Tba road Ill TrOba bIu
be :, 500 miles in length.
The val Street NctUs says that it is
hardly the proper thing to admit absolute
IGNORANCE. but III considering Richmond
Terminal it is necessary to acknowledge a
lack of information. Early information
has cost people on Wall street great deal
of money. La this case, the NelUS says, that
it has no early f0rmation-nothing but
chestnuts. As the story goes the Richmond
Terminal Company is going to issue new
bond. Is is better off now, the
NelUS adds than it ever was
before, and if it is possible to formulate a
funding scheme there is a possibility, al
most q probability, that the Richmond
Terminal with its powers and the rights
given by the charter may become as valu-
able property as the standard oil or the cot
ton oil trust. Richmond Terminal has
this advanUage-a charter with almost I'M
limited power. Ii is almost as good as that
Of the Manhattan company, which, as long
as 1t keeps going, can do anything under
the sun and be protected, unless it defes the
criminal laws.
It is the talk in New York, the CONNER
ctdt Bulletin says, that the Richmond Ter
miaal management viii this week perfect
SO much Of its financial plans as it conteLn-
Dla, es putting through in the near future.
1t may be officially stated, the Bulletin
adds, that the blanket mortgage to be
placed upon the cOmpanys property fran
chises, etc, will be $25, 900, 900 IN amount.
1t at present, however, intended to issue
only about 81 500, 600 of these nds Tuis
amount will be sufficient to retire the float
Ing debt which was incurred by the pur-
chase from the Holiins party of the entire
capital stock Of the Georgia oompa y, con-
trolling the Central Railroad and Banking
Company of Georgia, and few other minor
amounts notspecltied. The Terminal people
have been entirely succe, sful in these uego-
tiatiOns, and have secured satisfactory offers
for the amount Of bonds necessary to pro-
vide fund, as above stated The price is
withheld for the present. For the present
nothing will be done with the Terminal pre-
ferred stock or the collateral trust
bonds now outstanding, but matters in re-
gard to the new blanket mortgage will be
so arranged that these securities may be
retired by an additional issue of the new
collateral trusts at the pleasure of the
board. The amount of the mortgage, $25,-
O0O,0O0, would suggest that the Terminal
party has not abandoned the idea of bring
ing other properties into its fold, as was
openly avowed to be its intention some
mouths ago.
1t is not yet altogether certain, the Chat
tanooga Times says, what President SIhiff's
visit to the south for the past TWO weeks
will bring forth. The rumors, based on
evidently well authenticated statements,
are that tae Queen and Cresce It people
have purchased The Admission and Cincin-
natl, and Admission and Atlantic railroads,
the property TO be turned over within the
next ten DAYS. The Admission and
Cincinnati road extends from At
ITALIA, It's Alabama Great Southern
connections to ADMISSION. a distance of
thirty-tiye miles. At Gadsden it connects
with the Tennessee and Coosa, and the
Rome and Decatur railroads. 1t has CON
lectlon with tine East and West rail -oad of
Alabama at Dukes. the Admission and At
lantlc Is a new road fifty-three miles in
l'ng Il, running from Admission to Sylla-
celga through Talladega. AT Admission it
has connection with the East Tennessee,
Virginia and Georgia and Georgia Pacific
railroads. At Talladega it connects with
the Ta,ladega and CoOsa Valley railroad,
and at Syllacauga with the Columbus and
estern division Of the Central Railroad Of
Georgia. 1t will thus be seen that the Q Ieeu
ana Crescent railroad, If it has really
made the purchase referred to, will
10 in possession of an excel
lent line for Opelika, Columbus,
Ame'lcrs and Florida points. A seventy
I'VE mile new road from Syllacauga to
montgomery, Ala, would put the Qleen
ana Crescent in position to compete with the
louisville and Nashville from that point
independent Of the Plant system. A
SPECIAL from Birmingham corroborates
IHe rumors as follows: The result of
Lreslde"t SchiR and General Manager
y. &. Gaults, Of the Queen and
NFeseent, visit to Admission, Ala, yesterday
vas mat they purchased for their road the
AnhS'on aud Cincinnati, and Admission and
Atlantic railroads. The Admission and Cincin-
AL is valu BILE little road, forty miles in
,tSsAgJh, extending from Admission TO Alfalfa
me Admission and Atlantic is a narrow
gauge, extending from Admission to Sylla-
uauSa distance of about thirty miles. IL
connects with the Columbus and Western at
yAacauga. The gauge Of this road will be
o,'aaened. The property will all be turned
Eyer 70 the Alabama Great Southern within
-45 next ten days These lines are very
'a'aOle, because they reach so many fur
Na,eN' No change will be made among the
0-Icers OF the roads for the present"
HIS EYE ON LIBERIA.
-----