The times. [volume] (Richmond, Va.) 1890-1903, 1894-09-06
THE SOUTHERN RAILWAY co.
ROthschilds and YandIbiltS Largely In-
tsrsSisd IN The New Organization.
Gao KAY BECOME PART OF SYSTEM
Ve,v Probable that the New Interests will
Gel Control-Edect Upon the south
Condition Of the Farmers.

CHATTANOOGA. TENN. Sept o.
The greatest combination of private cap
ifal ever before enlisted in one enter
prise IN the United States is supporting
the Southern Railway Company. From a
thoroughly reliable source the Chattanoo-
ga Times Is informed that the under
writer's. as they may be termed. OF the
reorganization scheme Of the Richmond
and West Point Terminal and the East
Tennessee. Virginia and Georgia railroad
are none other than the Bothschilds Of
London and Paris. and the Nanderbils
OF New York-Cornelius and William X.
The consolidation, as IS well known,
was undertaken and successfully cOnsum-
% atcI 10y DTcXcl Morgan AZ Co, of IcA
York. and j. =. Morgan & Co, OF Lon
o'n These two great banking houses in
tcrtsttI their richest Clients-the Roth
scLLds and Nandcrbilts. The syuOCtOe
Iehiy is very small in numbers. for II is
divided INTO four portions. but As colossal
IN wealth, representing the greatest ag-
fiesation OF capital in the wOrld-more
than half a billion Of dollars
DIVISION or THE NyEsTMKNT.
The Rothschilds have one-quartcr the
handerbilts one-quarter DreXel, Morgan
q co. one-quarter, and j. ). Morgan x
Co. One-quarter The reorganization plan
provided for thirty million dollars OF new
capital, and IL is this sum that the
Quartette has agreed u supply. and more.
II neccssIrv ~. ,n0uav r. be tsed I'm
heavier ralis me new '2i.I3 6r.iI3resso - new % cquip-
ment, terminals, extensions etc.
The Southern Railway has now acquired
IN complete ownership four thousand five
hundred miles of road. and by the reor-
gauizati0n has reduced the bonded in
debteduess from N1,pOH0D o. $D,DJWJ-
Just oue-tAiri. and the fixed charges from
Taaru per aunum 20 SLlO1lOD-a saviny
Cf SI.pNnfU per aunum. The bonded In
dehtedu,ss or the road is now less than
&pWV per mile.
The first annual meeting of stock
holders is 10 he held In Richmond. Va.
Tuesday. October 2ith. and bonds 10 the
amount OF $Ho.poJJ on The entue prop
erty will poe authorized. Thirty mi lions
Of the bonds Hre 10 Doe used IN improve
ments The expenditure II this large sum
OF money in the South, along the line Of
the southern Railway, viii be far-reach-
INK iu its effect There is now very lit
tIe doubt that the southern Railway
project H. simply am extension Of the
Vanderbilt system into and through the
South.
49,, 49, ,,,,, .,,,.. e,.s,,,,.
~" "' +'i ''." II" l'""'
The chesapeake and ONO VII no DOUBT
become part OF the system Wltlin a
short time. and the Queen and Crescent
system Will ultimately become part OF the
system whatever may Dee the date
plans Of the Cincinnati. Hamilton ana
Dayton people. Through the Cincinnati
Southern. the Big -Four of the Wander
Du, ,, system """ 'e 'e"04oN 'l N'i'. .'i-
The controlling stock of the Central
Railway Of Ge0reia is held bv the
S0lrlpTn Railway. and when the prop
ertv pets into me hands OF the securitv-
holders which is only a question of a
short tirn. n vW 81 discovered that
rTa p0ff- htl-V4r4erbIt aN-f..1 Is Ira
control me plan of the prexel-Alor-
gan peopie are now So near fruition that
Il SIS no longer a matter Of speculation.
The greatest railroad combination ON
earth b. near completion. Twenty-Five
Thousand miles II The best railroad prop
erty I'm America VIII soon De under the
control of the Rothschill-Vandcrbilt COM
biuatfOn Il has hoan an omen eprr.t
for some months that the Kotb-cbills
We're becoming interested I'm American
While the REORGANIZATION ulans
OF the FfohrnDr1 ,r.,rof,al and No. ~,
ne.-.. gi,. D,.~.r 49, 49, a.
meme 6orfrCl for e,,a 49, t,. ,t 80 So
niraffon 1f tbaf tim. A. 49, oor,il.,'i,. -
ieved ttat tTe,, ,-iif c.f.,,,.' 'y'l''
frol b.. virtue Of the fo"t ~ ~,
own the controlling Interest
The beginning of the southern railvra,.
is under the most favorabie c1nditiors
While the properties have booo raorgan-
lied on "a basis that would enable prudent
to mako 0xed cbarye. durtreS