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 SUM-

SeoPoS SSooPS II III.
From the New York SUM-
A rumor exists in Atlanta for the last
few days to the effect thata 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 80 years Pat Cal
houn will so 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 11sand I19.
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. It is under
stood that the lease will be made under
the name of the Georgia Pacific road
instead ofthe Terminal Company. This
will make 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. It is not improbable that solid
trains will run from Savannah to the z
Pacific coast within six months. tits
understood that Mr.. Gould is very
much in favor Of the lease, and says it
will be great move toward the deVel-
epment of Savannah as a great port. :
This will also give short line from Z
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 meeting of the Central Rail-
road directors here to-day. The Termi-
NAILS proposition was discussed and
referred to 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 81, 100000. John
Fl. Inman, Hugh Inman, Samuel In-
man, John e. Calhoun, Pat Calhoun
Charles H. Phinizey and Mr.. Swan, of
New York, were at the meeting to-day.
President Inman left here te-night for
Augusta. He will be in New York
next week, where the lease viii be con-
sumated. 1t is said tonight thateyery-
thing will be transferred in about two
weeks. The lease of the Central viii
will give the Georgia Pacifca through
line from Savannah to the Mississippi
River. 50
AN INTERESTING RAILROAD RuMoR
Especial to News and Courier.
COLUMBIA, March 1S.-A trustwor-
thy visitor from the Piedmont is au-S
thority for the statement that there is
something specially noteworthy now in
progress with the Richmond and Dam
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
higher position than that which be 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 Asheville.
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 Dam
vile or by the Georgia Central: This,
he said, means something, as ne under
stood and others understood that there
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 Gobbett,
and that Capt. McBee is to be given q
position to include the business diree-
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.