The western sentinel., 1892-03-03

hOANOkE, D., L 60. 5.-I.OO p. ILL.,
The Norfolk 6 Western Railroad
has leased tho Roanoke & Southern
Railroad from here to Winston,
n. C.
rhs lease goes into effect immedi-
diately, and the Norfolk 6 Western
Railroad will run it's first train into
Winston March 1sr.
At II o'clock to-day the officials
Of the two roads signed the contract
that conveys the tracks, franchises,
equipments and all other property Of
the Roanoke s. Southern to the Nor
folk d Western.
THE DIRECTORS MEETING
Yhis was the result of directors
aeeting of the Roanoke and South
ern called to-day Negotiations had
been pending for some time though
the matter had been kept very quiet
here and the announcement of the
result Of the meeting was genuine
sarprisc to the people of Roanoke.
THE PARTY IN ROANOKE.
President Fries and General Man
Ager Maslin, of the Roanoke & South
ern with 3 party from Winston-Sa-
len arrived here on special train
last night. and a meeting of the
directors was held at hotel Roanoke.
Fhe details of the deal that had
not beea arranged were completed
20 that little remained to be done to
perfect the contract when the repre-
asntAtiyes Of the two roads met this
morning after the final meeting of
the Roanoke s. Southern directors.
The meeting that settles the mat
ter vas held this morning at the Of
Zee OF vice-President and General
Manager Sands Of the Norfolk &
Western.
THH DEAL MADE.
There were present President F. j.
Kinball. Yice-President Charles G.
Eddy, Vice President and General
Manager Sands and other officials of
the Norfolk d Western, and Piesi-
dent rrics, Vice President Trout,
General Manager Maslin and mum
Der Of tho directors Of the Roanoke
d Southern.
While the details of the lease are
net given out for publication it is
uaderstood that the lease means in
definite control Of the Roanoke &
Southern by the Norfolk 6 Western.
The leasing company guarantees
the principal and interest of Roa-
noke & Southern frst-mortgage
bonds to the amount of $4,000, 900.
rHn NEGOTIATIONS.
Negotiations have been pending
| for some time without any definite
turn till after the completion of the
| road. Matters have moved on qui-
city for the past few weeks and but
| very few people aside from Presi-
deaf Kimball OF tho Norfolk & Wss-
tern and President Fries of the Ro-
aaoks d Southern have known what
has been doing.
| Almost the entire negotiations
have been conducted by these gentle
nen, and the Baltimore stockholders
Of the Roanoke & Southern have
| been favorable to the deal from the
start and aided considerably in its
| conservation.
| PRASIDENr KIMBALL'S VISIT.
| Not many of those interested In
the Roanoke & Southern knew how
far the negotiations had gone, until
they were cahed to attend the meet
ing Of the directors in Roanoke to-
day. The visit Of President Kim
bell to Winston this week settled the
/ matter. He was so favorably i'm
pressed with the city that he decided
that the lease of the. Roanoke &
Southern would be wise step for the
Norfolk = Western to take.
rEB NEWS IN ROANOKE.
xhs general impression in Roa.
noke las beea that the Chesapeake
= Ohio or the Baltimore s Ohio
woald build to Roanoke and use the
| Roanoke & Southern as a Southern
connection, and but very few people
we're prepared to see the Norfolk &