The morning news. [volume] (Savannah, Ga.) 1887-1900, 1891-08-08
RAIL AND CaossrIR.

The biggest railroad deal of the century
has just developed in Charleston. A b.
Norton, vice president of the Cincinnati and
Cape Fear railroad, who was in Charleston
last week, had recorded in Berkeley county a
mortgage for $4,000 900 on property OF that
road.
j. L. Taylor, general passenger agent of
the Richmond and Danville, Central of
Georgia division, has issued a circular,
which sets forth that tickets which have
heretofore been optional between points
reached by the two lines of that system
over either line are no longer 81. They
must he used over the line for which they
are issued.
The bureau Of American republics has in
formation that the Brazilian government
has received at least four proposals for the
lease of the Central railway. One of these
contains an offer 70 advance $4,000, 900 to
extend the road to Pirapore, thus connect
ing 1t with 5000 miles of navigable water
way, and to widen the gauge between
Caohoeiro and Sac Paulo.
The lease of the Macon and Northern
railroad 10 the Central Railroad and Bank
ing Company of Georgia and the Richmond
and Danvile system has been filed in the
office of the clerk of the Bib superior court
by Hill, Harris aud Birch attorneys fol
the Macon and Northern. The lease, which
is printed document, is made between the
Macon and Northern as the lessor road" OF
the first part and both the Central railroad
of Georgia and the Richmond and Daaville,
and not to the latter system alone Under
the terms of the lease the lessor road,
guarantees the payment of the in
re.est on $2,200,000 bonds of the
Macon and Northern in semi-annuaI pay
meats OF $49, 800 each, making a total aa-
nual payment of 1000 interest on the
bonds at 414sper cent The lessee roads
promise TO pay this amount to a financial
agent il New York on Feb. 20 aud Aug 20
Of each year for ninety-Line years, coupons
to be paid by the agent on March l and Sept.
l OF each year. The lessee roads" also
guarantee TO pay the sum of 81 900 on July
1 of each year for the purpose of keeping
up the corporate existence of the Macon
and Northern. The lease is fully signed
and witnessed by the parties of all parts,
and the lease is absolutely complete in every
particular.
The convention of the Order Of Railway
Trackmen of the United States is in session
in Birmingham, Ala. The president reports
the order to be in a fiourlshing condition,
| and has submitted some propositions for ex.
tending its influence aud usefulness. Many
resolutions Of more or less Importance have
been adopted, the most important being one
looking to the consolidation of the
Order of Railway Trackmen with
the North American Order of Sec
ton Foremen, the two organizations
being identical in every respect. The Order
Of Section Foremen is more of a northern
organization. the order no " in session being
chiefly southern. The orders. however
have identically the same constitution anc
bylaws. The southern order will be merged
iuto the larger organization of the north
thus making a really national order OF
greater power for the good of the great
class of men directly interested. The order
is composed of what are popularly
known as section bossesn and Of
all foremen in the roadway departments Of
the various railroads. ana Its object is for
the mutual benefit of such railroad en-
ployes. There Is an insurance feature con-
nected with the order. The headquurter:
Of the Order Of Railway Trackmen are il
Birmingham. The effect of the consolida
tion Of the two orders will be to do away
with the Birmingham headquarters.