The morning news., 1892-03-14
A BIG RAILROAD SCOOP.
THE B. AND o. SAID TO HAVE CON-
troll OF THE TERMINAL.

All the Roads of the Terminal System
Included Except the Central-Gen.
Alexander Thinks the CentrArs
Status in the Deal Depends on the
Result of the Attack on the Lease.
ATLANTA, GA, March 13.-It is said here
on undoubted authority that a deal has
been perfected by which the Terminal prop
more and Ohio. John II. Iuman is said to
have engineered the matter, and Mr.. Oak
man, formerly vice president of the
agreed upon TO succeed Mr.. Inmau as
president. This is stated TO mean the
wrenching from the hands of Col Brice,
Gen. Thomas and their associates the con-
troll OF the Richmond and West Point Ter
minal, Richmond and Danvilie system
with its leased lines. and the East Tennes-
see system. The Baltimore and Ohio has
long had a covetous eve on this big southern
system, and has long been buying Terminal
stock, the Terminal controlling these rail-
road systems.
INMAN SEALED THE TRADE.
The last purchase was made yesterday,
that being the block held by the Inman
party and its purchase places in the hands
Ok luo OhAblAhOAO 1h0 OuAO tAo
and Danville system, the Georgia Pacific
system, the East Tennessee and the Queen
and Crescent systems. The Central Of
Georgia, which was leased to the
Georgia Pacific, and which is Just now
cutting such a figure in the courts,
is to be dropped aud left to shift
for itself. The Jersey Central and Readt
ing are included in this deal. being scooped
by the Baltimore and Ohio making a
IA
the Brice and Thomas people have been
fighting the Inman and Calhoun people this
other and new element has been quietly at
work making the purchases that have put
it in control.
GEN. ALEXANDER INTERVIEWED.
HALCYoNDALE, GA, 13.-A representa-
tive Of the MORNING NEWS en-
proceedings before Judge Speer
tomorrow, had q talk on the train with
Gen. E. P. Alexander, president of the
Central, tonight in reference to the report
that the Baltimore and Ohio has secured
control Of the Terminal company. Gen.
Alexander said:
The report that the Baltimore and Ohio
has acquired control of the Danville sys-
tenn is at least much more plausible than
nine-tenths OF the rumors recently promul-
gated 1t would give the Baltimore and
Ohio control OF grand system with an ex~
ceedlngly promising future, and at
the present price of che Sc
curities they could contract it
at one-fourth of Its cost As TO the report
that the Central is to be left out of the con-
solidation, that alone seems to me bad rail-
reading. With control OF the Central
nearly 1000 mics of road will only cost the
amount necessary toy pay Z per
cent. to the minority stock,
about S240, 900 a year. The economies OF
consolidation are easily worth twice as much
now, and all the development of the future
will be additional profit. / certainly don't
think the new parties in control will decide
such an important matter off-hand and
without full consideration and investiga-
ton.
THE LEASE SHOULD BE MAINTAINED.
II feel quite sure that the result of that
viii convince any competent person Of the
advantage to ali parties of keeping the
Central in the consolidation, even if it were
possible to now put it out, which l do not
admit Its legality was carefully considered
before the lease was made, and believe 1t
will stand the test of the courts.
think the possibility of such system
being formed and the Central being left out
should open the eyes, both Of the stock
holders and the city of Savannah to the
Importance OF having the Central in the
procession. Only large systems can render
the cheap and far-reaching service which
The country now demands. aud IL we are
left out in the cold to shift for ourselves we
Will have hard time of it,"