The Manning times. [volume] (Manning, Clarendon County, S.C.) 1884-current, 1894-09-12
THE NEW SOUTHERN
OPENING OF A GIGANTIC SOUTHERN
RAILROAD ENTERPRISE.


RAllROao ENTERPRISE.
"
The New Southern Railway Company and
'he "ahs N'l'F'"'S 'h'' '-'eee '"'' 80
Compos,t,oa-R-duc Fixsd Charge,
ana a aooo i'ofiaSss OUTLOOK
New YORK, Sept. Goa Saturday
the Ist instant. the reorganization OF
the Richmond Terminal system was
definitely and formally completed, and
the last of the many properties which
under the plan Of Reorganization have
lost their unhappy and unfortunate
Identities and become merged in a new
and propitious enterprise, passed into
the possession OF the Southern Railw ay
COMPANY. Last Saturday, therefore
marks. tor all practical purposes, the
completion of the REORGANIZATION: and
g consideration of the situation is
therefore onportune. particularly when
It is borne in mind that the event is
the most notable that has taken place
in the history of American railroads
and that its bearing upon every South
ern business interest is of vital import.
ance.
The Southern Railway Company 90.
eretee a 5nO miles Of railroad and ahout
150 noiles of water line With the ex.
osnt;on of lo1 n,iJes all the system is
oSsneS bv tho oon,nsnv snG the here.
eososo c,o.S;o",ad ~ ~ onn ewnenstvo MON
SoAoio .1 eom le,H ~ roo;or;.ies nG "ho,lv I'm in.
:ao y. eonotT. oy ,,nfo.t',"o+a I.S' ~ ;ts on.
pLaS.,o"Ote "aW ,,o onoA ~ 'une ,neSe ane1o;ss n
oe,oa S ~ ~ no;no,;t;.s ;s Sono awav
s eaitSs rrbo Tbo ~, IA P,onr,ond ,v ~ ~ To-minsl
Sasa ~sn nS "a ~" ~ A.oD 49, anv roi,rosS 70 T ~
sH 90 Tho -,o,,cb oh ya,nted lint ;ntrin.
sio.n1 . H. wor+hIeSs1 soS ~ Piohmono snd nan.
M,IIa SIAS noS "o aD'y ~ -otIas Tho res+
~ I f,Ie oTI p;ob,,orS @ and nsnv;I1a s1sten,
W woS SnT rnoSs o nv of soroa @ thirtv senarafe
co-onsnies - -s,nin1 in ,ength frnn six
tosES -niIes Ssie;enov ~ snG economv
Mara " ~ ironoss;bia ~ nn tSis hssis Which
" osopSeS o,ooo n,nn-tnnitv for oh.
Saoe;onaSie 80 ec esthoSs eJ~ e of % snconnt;no
!SoAon.OG :Cso oo.Soa;,ot;sn os 80 EsSs TannaS.
- Ino os oos ~ ,an"o oo,on.o+ - FOO Isft
sso Mas motS ~ So;oa Gom9 paw o"O 80 WV i01'
inusu W oo UeSttso' :-,4;o o-
as aresuie oi ene ieoisaniLaston oses
thirty corpofatlops, whose sAails auu
securities were lnteriockeo ID every
concelVaoie way, ana III aiHosG Hope'
less CONFUSION, are 9nlSed II one CON,
pany. IhlrGy boaros OF DIRECTORS anu
tnlr1y setS OF separate I accounts Iisap, ;a!
pea I.nuiSaleo@eSc So. iue oI1S StI"t g1e. a.,
Sra 0s'9 Ieos @ 80 - s0eS 30 esnonss HS of 90. CO.
May 20, 1870, sno .u. 1e'pOnSG oS hv W. 80 5~
GsSy uoio9rs SeS Sc6a paop, Snu os . as
sSed aie 90 ~ 20 a. .he;r 90 oornors9;on "" vss
oonoe.na5 oe ~ i''A @" '- W. ~ ~
SoTSt NJ ~ ,.,,,,o os 1909 nor
inS s9e S Sao "usun W. .oyy ,,t, pss, .S q
sIyzea tne oouCu, III Cotnlnon loSl WIZ .n .ne
resi- OF tne country, anG ta11lo loaG go
lngs snronA gIeatiy. New conoiCtoES
ano ne" compllcallons were ptesenteu,
ano Ine pIoOiem @ oeeane one " em ueTing ~
Sn VIII oaeAlupe ssns aese,seiI a. s+snI,o,1s w. ~
@ oaaAtupI co.g9Iat'ons. ,, oy oeaTvu' saoather
ehotss @ ossAs sntnS S.!,s,o MSo n go. 'o snoanS
anu ss soou aS HsssIoio ~. no"o 1-ara 80
-.-Iso+eS ~ .me -ooioigto VI so,Ea Tho f;nencis,
nS oa.eu' Wety yoo;Se.sh;ns ~ 800 .pS aISo
ptoo.ens Va Gue t !seoI Steua, CO. ~ ' ~ y
70 SuG ooW1 sue Insstese sis Sn@o -at,,-n ot ruo
- 60 nern,ai ~ COMO lions
W TSesa noema anoonSnnao+S oonrn o-o modo nnb,;c
An MO- MsTcb 1901 and tnev we're 81 rea.
oonah1a On 49, - asSroo,ar go @ w. +hev wera
SiaS1 sO aooeataS ~ at ~ -he aS secn-ity hoId-
Soa1y as ~ seouogi1a4fon y .u1 was Of once
o,shaS o, I fo-1e-S S 80 S;th ~ sncb ren,citv that
R R".esin 70" o, go .o,tbs "Ss sbe % naw connenv
&c 90 forna6 ~ enG now within two
months more. the last of the property
,oroos ;p<o sc ,,recoscjco-I S00 miles
of railroad which. exactly six months
ago. had almost dropped to pieces, and
which but for the strong hands that
held the properties together during all
the financial troubles, would have drop.
ped to pieces, are now brought into one
compact and efficient company.
The new company is organized under
q charter granted by the Legislature OF
Virginia, supplemented by its conform.
ity to the laws of all the o.her States
in which it owns property.
The reorganization has involved two
trustees sales, viz:
Richmond and West Point Terminal
Railway and Warehouse Company.
Trustees sale under 6 per cent col.
lateral mortgage.
I OSLSS ScslC - SSA S-AA va
lateral mortgage.
One receivers sale, VIZ:
Richmond and West Point Terminal
Railway and Warehouse Company.
Ten foreclosure sales, viz, covering
Richmond and Danvllle ana its leased
lines.
East Tennessee Virginia and Geor.
ola Innder two noorteages).
cSa-lotte Co,nmhis and anpnsfa
Co1nmS,s anS Greenv,Ile-
Eon;sv:iss W Sontharn
Georois Pacific.
Western North Carolina.
Nocthwestern North Csro)ins
Ovfo-6 enS ClartsviIIe
SJerts1,1Ie and North Carolina
Si~ . nonvo1ences 40, ,,o me- W,t hont foreclosure
1;1 otH 0'A' "''~~' "N'-'0> ', OO'~'>'
va, .1on+io Tonnessaa .nd Ohio
= Piohrnond WI piver md Cbesa.
L VI d 4ttfSi SA'SN OiA>Ss