Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1890-11-22
SOLD HER INTEREST.
TnE NORFOLK AND CAROLINA NOW
OWNED eY the COAST LINE.
The Richmond and Danviiie Sells Her
Holiday In This Dranch--What IL
Insuros TO Richmond.

The rumor has been current for the last
day or two that the Richmond and Dan.
Nllo Railroad Company had sold its inter
ct IN the Atlantio-C Coast Line.
This has been amusing 10 ihe owners oi
tlo incorporates. inasmuch ns the former
las never held any interest Whatever in
tlo rights, stocks. or bonds Of tho latter.
Although the report, II would seem from
his was entirely erroneous. it is true that
floro has been an important transaction
between the two companies by which tho
holdings Of The Danvillo in q valuable
short line built Jointly hy tho two have
t,1"d INTO tho possession Of the Coast
Line Company.
THr PROPERTY SOLD.
Tho road which has TINS rartly changed
hands is The Norfolk and Carolina. line
f'nlf ono hundred miles iu length. run.
mig from Norfolk. Va. 20 Tarhoro'. n. G.
lf i- quite q desirable propcrt and handles
much 20. fhcfrcght from southern territory
ft4t finds rs way ~ the port - Norfolk.
i stated above Tho branch was built by
o.. Richmond naryllp. and Coast Line m
CONJUNCTION. The circumstances that led 20
g. construction are somewhat interesting
Several wears nso tlo Seahcard and Roa-
r.so. If nich Nlr. John ~ Bob.nsonis the
'.l.Iur spirit. announced IFS determine
tH. t1 build from taTh1ro'. \. c.. 90 At
l"H'a, Co.. line parallel with the Rich
I.ld aud Danyiie.
BUILT rAEirLrL TrvFs.
Tho latter company declared Tint If this
yes lone they would form combination
vtl the Athutic-Coast Lime. and parallel
Che Soanoard and Roanoke from Tarboro'
:. Norfolk. thereby taking The cotton aud
.N.r. a D. 1
hitherto been allowed 80 carry. Mr.. Rob
Fri %, who is "a man of great experience
s.d Iutciatrahle energy, proceeded 70
execute tho plan upon which his COM
J pony bad agro"d. and iHr roal ~ now
lHIug built. The l'auvIlle was also true
& 10. word. and with the co-oucration Of
tte C1a-t line entered upon the c0nstruc-
ton NJ the iHrhoro' branch. II saVparent
tN1t II was largely thouurposo 81 the Dan
yI'In people 60 l.uG The pr1jo tUs ~ the
scheme ~ roach Atlanta and territory
south ~ 70 by threatening 90 have o pa
rl.II route Co Norfolk Both companies
having carried oui the declarations made,
o. DluyilIt found itself 70 halloween Of %
property for which 1t lad no practical use.
Tho Con '-Lauo people, though, are able 10
oGart. fio now branch o. advantage, and
NhHu M1I.r D0olcv was iu New YORK a
d1v ur $50 ago ho was told that this sale
lnIbo.u c1nummatcd. Whlcthcuricoh has
uof boon made public. IL Is understood
Chat flc D1nvllo people were paid about
Whit tho road had cost thcm. The trans
action practically amounts. itseems, o. the
C4lst Line build.ug this branch by itself.
MaEes wrsr POINT SAFE.
WHOM these two enterprises were first
tl.ol ~ D. caused quito % stir, and great
d.ll was -aid about the kichmOnd and
lmvIlc changing thor terminus from
West Point Co Norfolk Much was written
iu ilo newspapers regarding Tins reported
e.H.mc, ard with many The impression
prevailed that Norfolk would receive the
export business that had hitherto con-
rlulted o. the growth and development of
N.t Point II appears that the Dauville
ulrncore never had any idea ~ establish
lrru terminus at the Cttv bv The Sen, but
l1l business motives which We're entirely
good for not denying what was then avery
general report. by the deal inst now con-
eliminated security Us given that the Rich
wunl and Danville VIII not make any DE-
version of It's busIues- from Richmond
ami West Point i'm favor of Norfolk.
There rs still some talk Of the West Point
Terminal buyinc the entire Coast Line,
sn3 thereby making great ond profitable
addition 90 IT. powerful southern system,
rul also securing better northern conncc-
filU4