The Big Sandy news. [volume] (Louisa, Ky.) 1885-1929, 1890-04-14
The Three Cs Again.
a Deal to Complete the Road
Reported.

hepOrted.
Tie Cincinnati Enquirer has tine
following detailed account Of deal
which means much to the sandy
Valley, il it should b. successfully
carried through:
lawrence Hunt, President Of the
Cincinnati, Portsmouth and Virgil
MIA Railroad, heading a party Of
capitalists, has secured absolute
control Of the Charleston, Cincin-
tiand Chicago Railroad.
The gentlemen associated with
Mr.. Hunt are f5r the most part
SSurlerHer-, but numb..r Of local
{. =. and Y. shareholders are. inter
. e-ted in the beaI.
The road which was purchased
yesterday, has had IL affairs tied
up in Tie cJurt- Tor more than a
year. ansi The safe - yesterday and
the transfer " the property to it
nsx awnerS-a substantial and
wealthy yniirate-as7ures it, ex-
trseatign from the financial quag-
mir.Trgni which it has intellectually
efl#leaygrei t. release itself for
some Time.
Tire road j. not entirely complct-
~. tut when ready for operation
cannot bat prove q strong factor in
the SoIl hern railroad world, as it
g.a--.- through i country teeming
syiiiI lumber. coal. coke and iron.
True, the resources Of a vast ex-
pau-e II the territory have EOt
ii.en developed. but this has been
due t. is icing totally Inaccessible
With tie early operation Of the
linethe natural products Will b.
zsr-ntssly lucrative.
The road was chartered Scpten-
is.r -. =. the project being the.
Construction u line from Charles
ton :. g.. IL Ashland. Ky, GO
miles from BlacksbuTg. ;. C., 10.
augusta ga. 40 miles, and from
I.anca -f..r. = a.. rO.ChaTIotte, y. C.
~ luil,=-:i total Of 80 miles. on
February il, I>>s. the company
rra- empowered BY The Kentucky
L,--f-latury q consolidate with thu.
i,hartar0f naw Ohioand Big sandy
Railriai Company, owning a rail
r,aI from Ashland To Richardson,
Ky. - miles or 10 build an indie I
pendent line to the ohio River
in siar.h =. ISIS consolidation 4
WAS etiecre,i with the ohio. Ken
tutky and Virginia Railroad Com
pany, owning a line from Richard
ION - White House. Ky. The com
pany met with financial rever-es.
and a receiver sas appoin.'i. subj
~--lugntiy different divisions Of the 1
road were sold al sheriff-s sale and I
t-,ught iu. .t6r the most part, by the I
Finance Company. u Philadelphia,
i, iiich Held iar-. claims sgainst the /
original Company. Negotiations
which yesterday l.-f 70 the sale
nav. !r-en .pau.Iing for s-.Ene time.
.Fe 3aas.r ti'y H-opl, and Prcsi-
deat Hunt hayiE- personally gone
gss.T 1,s,. entire length n ;l;c road,
rtuefr II ;i, ii-tane, being made.
pn hpr-t-lr.ts, 4 uipE.-te camping
equipment l-.ins part u the Party's
fr.v ENG ELECTS
. Thr terms ~ the sale have not
l-.aa Ilst,Ir public, but arr said 10
ne y..rz favorable Tor tle security
aalI---
IL -eaen. includes the forma-
ti,is =. : new ciInt,..Hy 10 complete
fsiU r.,sd, t'l-. capital for this puT-
Y-l- q s.s Furnished ~ the Syndi-
gie. The securities u the three
- WiII - surrendered BY their
paeeHt owners. who will receive
Eu r-la-1l therefor ss-ruriIies u the
n...s corporation
Certain guarantees Will it i
stated q. given 10 the investment
az ii. sn.-- c,tmfani,-= And they
-.ilI + amply secured from AL r,ss--
elbiIisy n los other than hs- al
r.a,iy i-,-n inynrTssi- The imm,-
,;is1.. esT,-.s * Jii. exchange ~ -
-urilT.- ill - tn. transformation
- ,sEaf bsvc always bssen unavail-
aisle ard almost valuels-ss aS>ets
into an investment which Al least
, I,r0nii>.- future neiurns
The deal means much for Cinein-
haiti. u, il -iy.-s her another line To
tid,-Mat,T and the south
The rad Viii by autumn b. COM
l,le,.-i 10 irOntcn. ohio From this
point il wll h. pushed 10 Ports
mouth. wh,.ne q juncii i y
made with the Cineirg F'cts-
mouth aud Virginia ~ .hreS,
& and the {. T. and ~ weed
by one com fany the So ( b,
consolidated, which n pete
th,. entin. Haze. and s-cc' tins
city aud Charleston, ;
Il yoW wani fn'>l Sg'teties -
-. - 80 .. L. y -.