The morning news. [volume] (Savannah, Ga.) 1887-1900, 1891-08-14
SUPT. M'BEB CHATS
About Richmond and Danville's AT
fairs Generally,

Supt. McBee of the Central railroad re-
turned Yesterday after an absence Of several
days in Asheville. In consequence, yester-
day was a busy day with him and he had
little time to talk except to the clerks IN bis
Office.
A MORNING NEWS reporter saw Mr.
McBee at the De Soto last night. tie IS
looking we'll after his recent trip, and was
IN the hest Of spirits He has his own ideas
about Richmond and Danyille affairs and
the recsut rumOrs.
"Tslk about taking money out of the
stat y he said. What are the people GO
inc 10 do when the headquarters are re-
moved to Atlanta and the money from the
whole system is sent there for discourse
mentf il will be Virginias aud North Caro-
Inas and South Carolina's and Alabama's
time to howl then"
as the Richmond and Danville in need of
moneyl OF course il is. 1t wants every
dollar 1t can get. Railroads and business
men are IN the same fix just now. Every
dollar that comes in goes right out again.
Those people up in Atlanta are bowling be-
cause they don't know any better. | have
seen this thing in three states, and L know
lust what will be the result of it.
When the Richmond and DanvilIe leased
the North Carolina railroad several years
ago there was an immense TODD ebout it.
The people and the newspapers and the leg
islature got together. The legislature dis
cussed it, and talked it up one
way and down the other. The
people that held North Carolina
railroad stock got frightened. and the
stock began to 60 down. 1t was thrown
into the market, and was bought up-by
whom? The Richmond and Danville peo-
pie. They saw it was great deal better to
buy up the stock on which they had to pay
dividend when it could be had for a
great deal less than its real value, than to
let other people keep it and draw the divi-
dends Now the Richmond and Danville
people own almost every share of the North
Carolina railroad stock, except some held by
the state. The state would have sold it, but
it was unable to do so under the conditions
on which it was held.
"Afterward," said Supt McBee, 1.-THE
Richmond and Danville bought the Char
| lotte, Columbia and Augusta railroad in
South Carolina. Then the people and the
newspapers and the legislature Of South
Carolina got alarmed They ran the stock
down until the Richmond and Danville
bought it all in, or very nearly all, and now
| it owns almost all the Charlotte, Column
bia and Augusta stock. 1t was a big say
ing to buy in the stock. Now the Richmond
and Danville leases the Central railroad
and the same thing is repeated.
The people have all talked about it, the
newspapers have agtated and the legis-
lature has threatened until they have run
the stock down from 100 to 80. The
stock has the same guarantee of per cent.
at 80 that it had at 100. 1t is worth every
bit as much to the man that holds it as an
investment.
1t is picnic for the bears. The Rich
mond and Danville people will
buy it all in If they can
get the money. just as they did the North
Carolina railroad stock and the Charlotte,
Columbia and Augusta. The bears have
forced down Richmond Terminal stock in
New York, and every share that can be had
will be taken. They will never get ahead
Of the Richmond Terminal people,"
"Will the Central railroad bring as much
cotton into Savannah this fall as il did lastF'
"a great deal more. We have got
freight rates on the Richmond and
Danville now, and we will bring
great deal of cotton here from that road
that has been going elsewhere. We had
rather bring the cotton from up on the
Richmond and Dsnville through Atlanta
this way now, because it is to our interest
to do it.n