The morning news. [volume] (Savannah, Ga.) 1887-1900, 1889-09-27
RAIL AND CRoSsTIE.

Central railroad employees got a
good deal of consolation from the
interview with the Central's new
general manager in yesterdays MORNING
NEWS. Many of them who were fearful of
losing their heads felt very much better
when they read what Mr.. Gabbett's policy
will be- They were speoulating about the
policy to DO pursued and the rumor that
had got afioat that many changes would be
made.
The annual report of the Westinghouse
Air Brake Company, which was read to
the stockholders at their recsnt meeting.
showed remarkable results for the last
twelve months. The gross revenue of the
company was 50. 900. or this sum $780,
900 was income from investments and
So, 300, 900 from the sale of brakes. The net
earnings were $1,134000. 1t was stated
that the assets, which can be turned into
cash. fo~t up 81, 900, 900, while the capital is
S., 900 900, and there is not a csnt of indebt-
edness of any kind. The new patents have
fifteen years to run.
The New York Commercial Bulletin
says: There is considerable &C tivity in
southern railroad circles 1t is no W given
out that that the Mobile and Ohio is making
every effort to get an entrance into the Ala
bama coal fields. President Clark and
Manager McLaren of that line are making
an inspection for the company, which con-
templates the purchase of the Tombigbee
franchise and an extension of the Artesia,
Miss, branch from Columbus, Miss, on
into the Alabama mining region, the ulti-
mate destination being Birmingham It is
generally understood that the Louisville
and Nashville has purchased the Tennessee
and Coosa, and will Immediately extend it
to Guntersville, on the Tennessee.
The Seaboard and Roauake railroad is
making progress with the building of the
Georgia. Carolina and Northera railroad,
which is to complete the necessary link in
new trunk line from Atlanta to Ports
mouth and Norfolk ON the Atlantic sea-
board. The new route will traverse large
portion of the territory of the Richmond
Terminal system, and it is said that it NAV
be close competitor for through business.
The road will extend 26S miles from Mon
roe, &c. through South Carolina to At
lanta. Forty-dve miles of the road had
been constructed 60 Chester in October, 1888,
but operations came To q Standstill until
So, &c., 900 Of its bonds were foated last
June. The Importance of this road is said
to have been underestimated by Wall street.
bankers. 1t is owned by its president, John
NJ. Robinson of Baltimore, who controls
three other important railroads in the south.
forming what is known as the Seabord AR
Line. the Seabord and Roanoke and its
lSaseu ufSs eAuoLu over liz niles OF terri
tory, with the eastern terminus at Ports
mouth, Va. The stock of the Raleigh and
CASTOR road, the Durham and Northern and
the Raleigh and Augusta Air Line are con-
trolled by the Seaboard aud Roanoke, while
| the latter owns, jointly with the Raleigh
| and CASTOR, the stock and bonds of the
Carolina Central railroad. TIE latter
extends through the state of North
Carolina for PSF miles. having
its termini at WILMINGTON and
Rutherfordton. When the Georgia. Caro-
lima and Northern is completed these sys-
TENS of roads will, according to present
plans, form a trunk line $50 miles long.
| The Seaboard and Roanoke has large in
terests in the Baltimore Steam Packet Com
pany. and the Old Dominion Steamship
| Company, whose steamers supply the New
York connection for the Seaboard Air Line
The Richmond Terminal people say at
they are not in the least disturbed at the
construction Of this road. They claim that
it will take at least three yearsto complete
it, and three mo Q to get any business The
possibility Of its being serious rival Of
| their system is so far away, they say, that
they are not in the least discouraged by TIE
prospective competition.