Daily tobacco leaf-chronicle. (Clarksville, Tenn.) 1890-1895, 1892-06-03
RAILROAD NEWS.
The Atlantic and Pacific Now
Under Survey.
A Road to Run Through Indiana and
Kentucky Touching Bowling
Green-To Pennsylvania
Coal Fields.
Special to the Leaf-Chronicle.l !

Special to the Leaf-Chroniclel
LOUISVILLE, June 3.-The en-
gineer for the Atlantic and Pacific
railroad has commenced the survey
through the State of Ohio, ON the
Ohio and Indiana State line, at the
point where Williams and Defiance
counties meet. This will be an air
line passing through or touching the
towns of Napoleon, Bowling Green,
Fremont and Warren, and on through
the coal fields of Pennsylvania TO
New York, and when completed will
be double track road across the con-
tinent from New York to San$Fran-
cisco.
The deepest interest is taken by all
concerned in railroads in the inspec-
ticn trip which Samuel Spencer is
making over the Richmond Ter
minal's properties. Drexel, Morgan
q Co. are approaching the work OF
reorganization in a manner so differ
ent from that of their predecessors in
the undertaking, that it demands at
tention. Their very first move is to
send their financial and railroad ex-
pert over the system to examine their
physical conditions, and to foim a
general idea of their earning capaci-
ties. Mr.. Spencer's report will con-
tain interesting reading, every one
believes, and both the Danvile and
the East Tennessee officials are won
dering If he will have much to say
about consolidation.
1t is believed that the Terminals
outlook is better than for long
time. Drexel, Morgan q Co. have
enough cash to underwrite any plan,
and have the prestige to put through
anything they undertake. 1t is con-
ceded that the claims of the various
security holders will be justly treated
hx, thu Grr, who hox,a po,,a, hann
identified with any Of the Terminal
factions. No successful opposition is
looked for. "Richmond Terminal
collateral fives will get their just
dues, but fairly so, that is, without
depriving other securities OF their
proper standing-judged by earning
power" says New York financier,
who adds: "The rights of property
cannot be confiscated in this country,
the rehabilitation of the illegal sugar
trust into the American Refining
Company being one case In point.
The change of the Chicago Gas trust
into the Chicago Gas Company is an
other. In like manner ii will be
found that Richmond Terminal own
ership in the Georgia Central will
hold as well as control of the East
Tennessee"
Everything looks fail for the Louis
vile Southern remaining where IL Is,
with its bonds drawing 8 per cent.
interest.
GENERAL AND PERSONAL NEWS.
The Southern branch OF the Toledo,
Walhondling Valley and Ohio rail-
road, between Loudingvile and
Coshocton, a distance OF forty-six
miles, will be completed within the
next sixty days, and the company
will be handling coal out Of Its Ohio
Coal fields to the lake.
The general manager Of the Mobile
and Ohio road has issued an order
that all employees should be dismissed
without hearing in cases OF drink
ing on duty, intoxication on or off
duty, and no habitual frequenters OF
saloons are to be retained In the COM
pany's service.
Within the last sixty days thirty
miles OF the Louisville division OF
the Pennsylvania lines has been res
ballasted with good gravel, and ten
miles of steel rail, eighty pounds to
the yard, laid.
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