The western sentinel. [volume] (Winston-Salem, N.C.) 1887-1926, 1892-03-03


Tuesday the Roanoke & South
ern Railroad went into the hands of
the Norfolk and Western and will be
operated as the W;nston-Salem Di-
vision OF that road. This Is the result of
the deal made in Roanoke Saturday.
! The following gener II order was is
sued to day by President Fries:
PRESIDENTS OFFICE,
ROANOKE & SOUTHERN RAILWAY Co e.
NINsToN-SALEM,N n. c., Feb %. '92.
The Norfolk & Western Railroad
company will, on March 1, 1892, as
| sumo the operation of the railroad
of the Roanoke & southern Railway
Company, under the terms of an
agreement between the Companies
interested. The officers of this Com
pany will forthwith transfer and de-
liver to the Norfolk & Western Rail
road Company, or to its proper rep
resentatives, the railroad, property
and franchises of this Company, to-
gether with all papers and real per-
sonal property belonging or apper-
| tanning thereto. including books and
papers connected with the operation
of the road. f. I'll. FRIES,
President.
The lease to the Norfolk & Yves
tern is for 900 years The Roanoke
& Southern Railway Company and
the North Carolina and Virginia
Constru elton Company will retain
their identity. At the suggestion of
President Kimball the present exec
utive officers of the former company
retain their places. Col. Fries will
ret Tin the Presidency of the compa
ny and the present directors are to
be retained.
The operating department goes
entirely into the hands of tie Norfolk
& Western officials. General Mana
ger Sands has made the Roanoke &
Southern the WinstonSalem Division
and appointed Mr.. D. Fl. Burger Divis-
ion superintendent. 1t will be under
the general supervision of General
Western Superintendent A. C..
Hippey. Supt. Burger will have
his Office here The traffic depart
ment will be transferred to the off ce
of Vice President, Chas. G.. Eddy, of
the n orfOlk q Western.
General Manager Maslin and Traf-
fic Manager Warrington will not be
retained in the service of the com
pany.
The Winston party returned from
Roanoke Saturday night. A repre-
sentative of THE SENTINEL called on
Col Fries at his office this morning.
''Fhe transfer to the Norfolk & Yves
tern said he, is in my opinion the
best thing that could have been
! done for Winston-Salem. If our
people give the new management
the same sympathy and support that
it has received at the hands of the
people of Southwest Virginia, we
will soon begin to see the beneficial
results. 1t is the best possible rail
road connection that could have
been made. and | believe that it
will ina 10 ediately enhance the value
of real estate in this city at least
| one million dollars"
The terms of the lease, Col. Fries
| said. do not affect the stock held by
| this city, Roanoke or private indi-
viduals. Dolly the stock held by the
Construction Company is transfer
| red. In consideration of the guar
| antee of the interest and principal
of the bonds of the road which are
| held by the Construction Company
| the interest is decreased from 6 PEI
cent. to 5 per cent.
Aside from the general benefits to
| be derived from the transfer, Col
Fries regards it as an advantageous
arrangement for the stockholders o!
the Roanoke & Southern. He re
CARDS the outlook for the building OF
| the Southern extension as brighter
! than before the transfer. This is
provide! for in the contract with
the Norfolk and Western.
| The Construction company has nc
connection with what has been done
south of Winston and when this il
built it will be done by the Roanoke
& Southern railway company, whose
policy will be dictated by the Norfoll
| & Western.
Glow will Roanoke take the
chnge?'
| "There was for while an un
dercurent of opposition, but this has
j disappeared. President Buckner, o
| the city who represents the city's
stock in the board of directors mad,
the motion to adopted the resolution
| authorizing the execution of the pa
| pers.''
Ever since THE SENTINEL went or
| the streets Saturday afternoon tn,
coming of the Norfolk & Western has
| been the principal topic of discussion
| here. There is universal satifactior
with the deal and everybody thinks
that is the biggest thing that coulo
| have been done for Winston
/ Here are some interviews obtained
by SENTINEL reporters:
Capt. J. E. Gilmer: Think it is /;
| big thing for Winston Salem ant
will largely enhance the value of rea
estate, it will give us cheape
freight rates now that we have TIN
i competition of two of the larges
railroad companies in the country
The Norfolk & Western has the repu
tation of building up every town ant
section it strikes.
Jos. FL. Stockholm am not pre-
pared to express my opinion now
am willing to trust the matter will
the men who have managed the roa(
all along SO successfully.
E. r.. Amis:-Biggest thing fo
Winston-Salem that has ever hap
pened.
j. G. Buxton: / think it is a grea
thing for Winston-Salem and / thinl
the Twin City il under many obliga
tions for the valuable work done b,
the North Carolina and Virginia Con
struction Company, but don't thinl
the Construction Company made an.
money out of the transfer of tn