The morning news. [volume] (Savannah, Ga.) 1887-1900, 1890-10-04
RAIL AND GRO 3STIE.

Tho Shenandoah Valley railroad has been
purchased for the Norfolk and Western
Railroad Company for 81, 100, 900.
Louisville and Nashville has redeemed all
but 34l, 900 Of the $10,000,0O0 6 per cent.
collateral trust bonds called in last March.
They are redeemed at Ito and interest. The
release OF the mortgage is being recorded in
the dilferent counties where 1t was entered
The redemption of these bonds releases
about S2S, 100000 of different securities, on
which, however, the 10-40 adjustment mort
gage. which was a second lien, is now a
first lien.
The contract for completing the Carolina,
knoxville and Western road from Augusta
20 Knoxville, Tenn, has been let 20 q con-
sTuctlon company with a capital stock of
SoJO,U0O. The president of the construc-
ZION company is James U. jackson of
augusta. The stockholders are New York.
boston, st. Louis and Augusta parties. The
company proposes to Degin work within
sixty days, and to push it to completion as
rapidly as possible The subscriptions
amount to $3.50, eco. William Bailey of st.
Louis is president of the railroad companv.
The control Of the road has been secured bv
the Augusta and West Florida.
Charleston thinks it will be PARTLY rid NJ
The Ashley junction delay to trains this
winter. The NelOS and Courier saws: There
possibility that the vestibuled trains
VIII TINS winter come into Charleston in
stead OF passing by Ashley Junction. II is
stated on very good authority that the
Atlantic Coast Line authorities, as we'll as
ene charleston and Savannah people. are
aYoraoly disposed to this very desirable
c ,.i IN the schedule. Supt KennerIy of the
A Az Coast Line system EXPIRE ,ses HIM
VII as deslrous of having Charleston made
SLODDlQP nOiut for oil
si", however, have to be submitted to the
auIe convention, which meets in New York
- e9hesoay, when it will be either
acePGe1 or rejected. There may be some
w. VI 'he northern or southern connections
suppose the change. There is good nros-
Ysct at present for Charlestonians to see the
s'Ssipgled trains this winter without GOING
ashley junction, and for the passenpers
~ Nj tne VeStlouled trains to see Charleston
,.nouC having to change cars at Ashley
pss sI soo Inc increase in Charleston bust
'0euiS 10 call for some such recognition.
WI J19rtlncate of organization of the Ohatchie
noro SOL laii[oau was fled in the office of
IttieUary OF state of Alabama Wednesdav
AZ meeting Of subscribers to the can;tsi
La Of the proposed organization at
EiIL"ey, lu Calhoun county, Sept. 90. the
BOARD of directors was appointed;
linz ~ uLaney, F. E jackson, J K.
Co IIe, W. A. Wilson, james A. Bilbro.
smhtnJl Dunn and Charles N. Jelks At
trs 'sGluent meeting of the board of direc-
JAIN t1e following officers were elected: :
sc ra y, Laney, president; Felix E. Jackson.
amoraa!ty James E. Line, treasurer. The
iDo 1 400 Oh capital stock is 500, 900, divided
nina i'V 49, 81 500 each. The supposed ter
-' TSa points are Laney and Piedmont.
# eve tue 4ialladega and Coosa VALLEY railroad
81 ofSo n from Pell City, Ala, on the line
tarcs georgia Pacific, to Talladega, dis
with all III :. twenty five miles, has, together
forns-d' ' o lS equipment, been sold to a newly
ham 49, Sonpany, known as the Birming-
sale Of I u. Atlantic Railroad Company. The
mpNvtou-eo road, 1t is understood, means its
tory ira1 lent and extension into other terri
John ESast where has not yet been given out.
the Hcott, formerly general manager of
of tie nav ana Crescent system, is president