The morning news. [volume] (Savannah, Ga.) 1887-1900, 1891-07-09
RAIL AND CROSS TIE.

In the consolidation of the Georgia Pacific
and Central interests in Birmingham natur-
ally leads to a consolidation If offices and
reduction of expenses. About Aug. 1, it
has been intimated, there will be a few
changes there. The consolidation of the
Georgia Pacific and Columbus and Western
freight departments under the management
of joint agent, it is understood, has been
settled upon. Just who Will fill the place
has not yet been determined by the superin-
tendent
If there is anything a colorel man or
woman likes it is ride on a railroad, and
the average countrymau had rather spend
his money on an excursion ticket, no matter
where, than anything else. The Central
railroad brought in over {, 800 negroes this
week from Gordon and intermediate points
and Waynesboro and intermediate points.
1t took several special trains to
handle the crowd, besides a large
number that came In on the regular trains.
This large influx of colored excursionists
into the city was not noticeable in the bust
less portion of the town. however, as they
mostly betook themselves to Yamlcraw,
Robertsville and the Old Fort Over 3. 200
of the excurslonists returned on yester-
days train.
The Pixies Peak railway is now IN sue
cessful operation. The first passenger train
AOe2SAGNA Jus Sull1ullJ On June ~ Inc DTRl0
consisted of an engine and one car, occu-
pied by sixty-five people, mostly excur-
sionlstS from Denver. The lower terminus
Of the line is 6 400 feet above the sea level
and the upper IA, lat. The distance is
nine miles and the steepest grade is
20 per cent. on a rise of one III forty. On
the way up slight snow sqnall
was encountered, and on the summit
the air was unpleasantly cool, even with
'T,n vFrf,, -.
train weighs forty tons 1t operates by
cogwheels alone. The rear of the locomo-
tive Is elevated so that the boiler is nearly
level when on the highest grades. AS the
engine pushes the train up hill instead of
pulling, 1T has no use for a pilot or Cow
| catcher" and indeed resembles In hardly
any respect the ordinary locomotive. The
passenger coaches do not differ materially
from the ordinary Pullman coach, but are
constructed so that the passengers sit COM
tortably III horizontal position when the
car is on an incline. Altogether, the line is
| said to be the most novel as well as the
highest railroad in the world.
The stockholders of the Louisville and
Nashville Railroad Company met Ia Louis
Vile this week and ratified the purchase Of
the Kentucky Central railroad, the increase
OF the stock of the Louisville and Nashville
| company to S55, 900 900 and the acceptance
OF the companys proportion of the addi-
tional issue of Nashville, Chattanooga and
St Louis stock. The stock represented was
sos 4l6 shares, and all was cast for the prop
ositlons named. While it was currently be-
lleved that the directors would carry
through successfully their plans for
authorizing further issue Of
stock, the theory naturally arises
that an Increase in oapitalza-
ton must impress the existing shareholders
unfavorably. The whole situation is em-
barrassing. The company would undolbt-
eddy prefer 70 pay for the Kentucky Cen
trail in the Louisville per cent. treasury
bonds. but this corporation is in the same
difficulty as the Burlington and Quincy.
There is no market for bonds, and if any
liability OF the kind was TO be paid in such
securities the result would be break in
the price Of the bonds the moment the new
holders should choose to market them.
Inasnuch az the company's managers are
themselves large holders Of the per cents.
the alternative was anything but inviting.