The comet. (Johnson City, Tenn.) 1884-1916, 1889-10-03
NORTH AND SOUTH TRUNK LINE.
ASplendid Railroad Enterprise. Build.
Ing Through Johnson City.

tiation OF $6,OO0,OOO OF their frat mort
gage bonds with q syndicate of New
York and Philadelphia capitalists, to
be taken and paid for as fast as the
road is completed. The bonds mature
in sixty years, and are issued under
mortgage to the Boston Safe Deposit
& Trust Co. The rate OF interest is five
per centam per annum, payable quar-
terly-January, April, July and octo-
ber.
The Charleston, Cincinnati 6 Chi
cago Railroad Co. was organized on
the s0th day of September, 1886, by
the consolidation OF companies char
tered by the States Of South Carolina,
North Carolina, which States and the
States Of Tennessee, Virginia and
Kentucky have subsequently ratified,
confirmed and validated the consolida.
ton, and conferred additional powers,
80 that in effect there isonly one char
ter from Charleston to the Ohio river.
The road is mortgaged for the uni
form amount of $4,000 per mile of
road, and the issue OF bonds is limited
ito $20,00O,000, the mortgage covering
franchises, sidings, stations, terminal
facilities, branches, extensions and
equipment acquired and to be &C.
quired.
The directors and officers OF the com.
pany are as follows Frank Coke,
president, wealthy Philadelphia cap
italist, the owner Of the widely known
Battery Park Hotel, of Ashyille, N.
c.; Wharton Barker, y well known
Philadelphia banker; Chester w. Cha
pin, OF New York James A. Rumrill,
vice president OF the Boston u Albany
Railroad Co., of Springfield, Mass. !;
William d. Bishop, a prominent direc.
tor of the New York, New Haven &
Hartford Railroad Co., and formerly
its president, OF Bridgeport, Conn. (;
William F. Weld, a prominent Phila-
delphia capitalist; Amos Barnes, of
Boston, Mass. James T. Furber, gen.
eral manager OF the Boston & Maine
Railroad, Boston, Mass. John T.
Wider. yice.presidsnt, Johnson City,
Tenn. PIP Dickinson, of New York ;
William L. Roddey, banker, OF Rock
Hill, s. O.. Peter J. Sinclair, attorney,
Marion, N. c., and Henry K. Baker,
Springfield, Mass, secretary and treas.
urer.
The road is projected to run from
Charleston, s. c., to the Ohio river,
and $50 miles in North and South
Carolina have already been completed
and are running, making continuous
line OF 300 miles from the seacoast at
Charleston to Rutherfordton, N. G.
At Camden, 143 miles from Charles.
ton, the road forms connection with
the South Carolina Railway, and
through trains are running into
Charleston.
Two hundred miles of theEoad have
recently been put under contract TO be
completed within year, and the bal
ance OF the whole road, from Charles
ton to the Ohio river, will, we are in
formed, be placed under contract al
fast rs the necessary arrangements car
be made. The road is being construct
ed in first-Class manner in every re
spect, the steel rails weighing co.,
pounds to the yard, and that part al
ready completed has the necessar,
sidings, stations, warehouses, cottor
platforms, water tanks, warehouses
machine shops, turntables, locomo
tives, passenger and freight cars, etc.
all Of the bess quality.
The towns, townships, counties ant
other corporations and interested par
ties along the line have already sub
scribed or agreed to subscribe an az
gregate, it is stated, OF a million and
half OF dollars TO theroad in the shap
OF subsidies to forward the enterpris
for the benefit which they expect t
reap on the completion OF the road.
The road, when completed, will pas
through one ofthe most valuable sec
tions OF the South. The district cor
tains enormous beds OF accessible COX
ing, splint, camel and gas Goals, an
also large deposits of "Bessemer" iyo
ores of the same character as the celt
brated Cranberry mines Of Wester
North Carolina.
In addition to the enormous traffi
in coal and iron, the road viii De,
through what is said to be the largel
hardwood timber belt found in Anne
lea, and will cross the entire range
rocks, from the lowest up TO and il
Guiding the carboniferous strata, an
embrace every climatic condition to
found within the temperate zone, tn.
giving the greatest variety ol sgricu
tuFal, mineral and forest products, il
clnding iron (magnetics, hematite
specular, limonites and carbonates
camel. coking, gas and splint coal
phosphates, copper, gold, mica, kaoli
granite, marble, asbestos, cotton. corr