The comet. (Johnson City, Tenn.) 1884-1916, 1891-04-30
The THREE ('S.
New Organization Committee
Agreed Upon,
Good Tidings for the Magnetic
City.

President A. B. Harris of the c. C,
& c. railroad has heen in the city for a
few days
Mr. Harris was interviewed by a
COMET reporter upon matters Vncem-
ing the present condition OF GG>great
trunk line.
His is a gratifying report, and reNs
upon recent plans of the bondholde{.
Since his arrival in the city he has
received information of new develoll,
ments which point to a speedy settIg
ment Of complication that has shaken
the confidence Of a great many credit
ors and caused a siege of doubt
The infomatian received by Mr.
Harris was a telegram from New York
headquarters, yesterday, stating that a
committee on reorganization had been
agreed to by the bondholders.
The object of this organization is to
pay off all Indebtedness, satisfying
every claim against the road, and fur
ther for the purpose of an united move
to complete the road from Marion to
Minneapolis and further still, for the
purpose of completing the line all the
way through from its most northerly
to its most southerly limits.
This is the course which has been
anticipated for some time past and
the bondholders, recognizing the i'm
portance Of the line, ON which there
has already been spent the grand ag-
gregate of nearly 100000, have wisely
concluded that the best profit and the
most good will result from paying off
the Indebtedness and completing the
great undertaking, which, if left as it
is, would not only be a loss to the cred
itors, but to themselves and the coun-
try as well.
President Harris, who is thoroughly
acquainted with the men at the head
of the new organization, expresses him
self over confident in their new plans
and that they are what they puIport
to be. He expresses himself that the
difficulty is practically settled and that
the Indebtedness will be paid off in the
course of fifteen or twenty days, after
which time work will be begun anew,
with a view to making a hasty com
pletion of the line between the above
named points
Mr.. Harris will go over the road to
Erwin by special train today, and re-
turning, will leave for New York, by
way OF Norfolk, Monday.
1t has been repeatedly said by fore
seeing men that the Three C's is a
matter of too much Importance to let
fall. This fact will be vindicated by
the resumption of active work at an
early date,
1t is truly a great work-great not
only because of the amount of con.
struction involved, but great on ac.
count Of the wonderful mines of wealth
which it will open up to the country
Its completion means simply that
Johnson City will hastily become that
for which nature has designed her
the center of the steel production of
the South. This railroad means the
multiplication of furnaces and the es
tablishment OF steel plants; for it is
here that the magnetic ores can hC
most easily and conveniently brought
for smelling, while in the completion
of the Three C's, the Virginia coking
coals-the best in the world-are laiC
at our very doors. The surety of this
great industry alone, backed as it is b,
inexhaustable supplies Of ere and COX
ing Goals, is sufficient to warrant IL
wealth and increasing population. Blu
in the completion of the Three C's roaC
there is an important feature othe
than that of opening to us the Goa
fields. 1t will put us in direct commu
nication with Northern people an,
will offer advantages to the investmen
OF Northern capital over and abov
that which belongs with the intrinsi
value of our marvellous natural rt
sources. As certainly as the SUI
shines, these advantages will come t
us at no distant day.