The Newberry herald and news. (Newberry, S.C.) 1884-1903, 1891-03-26
GEORGIA CENTRAL GONE.
The Richmond and West Point Terminal
Octopus Scoops it IN.
From the New York Sun. I

Octopus Scoops it IN.
From the New York Sum-
a rumor exists in Atlanta for the last
few days to the effect that large move
ment was on foot as to the disposition
of the Central Railroad of Georgia. It
is said that the Terminal Company will
lease the Central for SO years. Pat CAL
houn will 60 to Savannah this week
and will discuss the matter with the
officers and directors Of the Central
Railroad there and with Gen. Alex
ander. On the rumor that the road
would be leased for SO years, the stock,
which has heretofore been selling from
ITO to 112. has advanced to 11S and 119.
There is no doubt that the subject of
the lease is now under discussion, and
the terms proposed guarantee per
cent. net on the stock of the Central
payable semi-annually. 1t is under
stood that the lease will be made under
the name cf the Georgia Pacific road
instead ofthe Terminal Company. This
will make a continuous line from
Savannah to the Mississippi River at
Greenville where the road will connect
with the Gould system and with their
roads running direct to the Pacific
Ocean. 1t is not improbable that solid
trains will run from Savannah tothe
Pacific coast within six months. 1t is
understood that Mr.. Gould is very
much in favor Of the lease, and says it
will be great move toward the devel-
opment of Savannah as great port.
This will also give short line from
Savannah to Washington via Augusta.
THE DEAL MADE.
SAVANNAH, March 1S.-The lease Of
the Central Railroad of Georgia to the
Richmond and West Point Terminal
Company in the name of the Georgia
Pacific Railway was practically decided
upon at a meeting of the Central Rail-
road directors here to-day. The Termi-
nails proposition was discussed and
referred to a committee, which agreed
upon the terms of the lease tonight
The lessees will take the road and as
sumo its Indebtedness, and will guar
antee the stockholders per cent on the
capital stock, which is s., SOC, 900. John
Il. Inman, Hugh Inman, Samuel In
man, John G. Calhoun. Pat Calhoun,
Charles H. Phinizey and Mr.. Swan. OF
New York, were at the meeting to-day.
President Inman left here tonight for
| Augusta. He will be in New York
! next week, where the lease will be con-
sunated. 1t is said tonight thatevery-
thing will be transferred in about two
weeks. The lease of the Central will
will give the Georgia Pacific through
line from Savannah to the Mississippi
River.
| AN INTERESTING RAILROAD RUMOR
Especial to News and Courier.l
COLUMBIA, March 1S.-A trustwor-
thy visitor from the Piedmont is au-
thority for the statement that there; IS
something specially noteworthy now in
progress with the Richmond and DAN
vile and the Georgia Central railroads.
He believes that Capt. S. V. McBee,
president of the Richmond and DAN
vile, is about to be elevated to even a
higher position than that which he now
so ably fills. He says that the visit Of
Capt. McBee to Georgia, which was
reported recently in the News and
Courier from Columbia, means great
deal. Capt. McBee, he says, visited Au-
gusta and was to leave Atlanta tonight
for Asheyille.
He said that one of the shippers in
Greenville said that the instructions
now were that it makes no difference
to the local agents whether goods be
shipped by the Richmond and Dan
vile or by the Georgia Central. This,
he said, means something, as he under
stood and others understood that thers
has been business rivalry between the
roads. The information of the infor-
mant is that Mr.. Inman is to get the
place now held by Mr.. Cecil Goblet,
and that Capt. McBee is to be given a
position to include the business direc-
ton of the Georgia Central and the
Richmond and Danville. There may
not be anything in the logic of the
deductions, but it is Interesting all the
same.