The morning news. [volume] (Savannah, Ga.) 1887-1900, 1893-10-01
NOT YET IN CONTROL.
The South Bound Transfer Will Not
be Made This Week.

/ The Details Of the Contract Are About
Complete, but the Transfer Will Not
be Made Before the First OF Next
Week-A Meeting of the Directors
Yesterday-The South Bound to be
One Of the Divisions Of the Florida
Central and Peninsular.
The South Bound railroad will not go
into the hands of the Florida Central and
Peninsular to-day, according to the terms
Of the contract, as has been stated and
it will probably be ten days yet before ar
rangements are perfected by which the
latter road will acquire control
There has been no hitch in carrying out
the contract, but the delay seems to have
been more from the fact that there was
no immediate hurry for making the trans
fer than from any other ca use. This was
on account of the delay in the completion
of the Savannah extension of the Florida
Central and Peninsular, the causes for
which have already been enumerated. 1t
now looks as if the transfer will be made
within few days, without any hitch as
far as the contract is concerned.
MEETING OF THE DIRECTORS.
The directors of the Savannah Con-
struction Company, which owns the
stock of the South Bound, held meeting
yesterday a the Office of President Den
mark to consider the matter and to hear
his report with regard to the transfer.
They discussed the situation in detail
and all the terms of the contract by
which the road is to pass into the hands
of the Florida Central and Peninsular,
were agreed upon. President Denmark
had just returned from New York where
he completed all the financial part of the
arrangement by which the road was to be
leased and so there was no trouble about
arranging the contract.
The Florida Central and Peninsular
however, will not take charge of the road
this week in spite of the general impress
sion to that effect, but President
Denmark says if there is no
hitch in the carrying out of the
contract as it is arranged at present they
will be in charge within ten days or early
next week. He says he has no reason to
believe that there will be any trouble
about it, and, as all but few of the de-
tails of the contract have been arranged,
unless some unforeseen obstacle is
presented the South Bound will pass into
the control of the Florida Central and
Peninsular within that time.
A DIVISION OF THE FLORIDA CENTRAL AND
PENINsULAR.
The South Bound will be one of the di-
visions of the Florida Central and PENN
sular, and the division offices will be Ioca-
ted here. 1t has been believed and is
thought by some now that the general
offices of the road would be moved to this
point on account OF its superior shipping
and other commercial advantages, but
Jacksonville is the physical center of the
system, and it is hardly probable that
they will be moved away from there.
When complete the system will consist
of about 1000 miles, 700 of which are
right around or south of Jacksonville
With only one division of the system
north of Savannah, it is hardly probable
then that they would move the Offices for
the entire system here.
1t is not known what the policy of the
new management will be with regard to
the change of officials, but if the pres
emit force of the South Bound is retained
and it is to be hoped that they will, it
will probably be as division officers.
emo arrangements for terminal facilities
have yet been completed with the Central,
and it seems now as if the new line were
going to furnish its own terminals but
just how they will be located is not known
yet. Their depot, however, will probably
be on Gwinnett street. and the shops and
warehouses somewhere on the Spring
field plantation. The city ticket Offices
of the system will be located on the north
east corner of Bull and Bryan streets.