The times. [volume] (Richmond, Va.) 1890-1903, 1894-09-09
SOUTHERN RAILROAD.
CONNECTION OF THE VANDERBTLTS
WITH TIE NEW ORGANIZE TON
A Trunk Line into New York, Traversing
tho South from tho Missi,aippi-
Drcxe', Morgan a. Co.'S Fort.

D
In the affirmative
During the past six months the work
/ OF Mcssrs. Drexel. Morgan * Co. In re-
/ organizing the Richmond Terminal sys-
tenn into the Southern Railway Co., has
/ been familiar theme 10 readers OF the
} Manufacturers Record and the daily
press The methods employed and the
/ manner in which the plans were carried
/ out have an been published in detail, and
now the lew combination OF roads Is in
| successful operation and making large
/ earnings over expenses.
Nrat does the entrance OF DreXel,
+ Niore-u a. TO-, into the southern railroad
/ field on so gigantic q sC,ue mean Tor thdt
/ section b. "a question OF pubnc interest
] iu., now It * not enough 10 simply say
+ That that firm ls one or the ~orlh hItdl-
J est banking institutions. IL j. more IMAM
/ mat IL represents what Is probably me
/ greatest combination Of hhdhcldl anu
/ railroad power and consfucutt' IdlneI
/ than destructive. Influences III thc Ilai-
/ ci,I world 10 represents the Wander On
n railroads and finances. us
| foltov.irg is WOrl4-NIde. IL d. kn"" ID "7
An upbuildmg power. rather than ohe lNat
| uroufs hy WIecking Hence the enc, l'O u
/ nnerati0rs OF DrcNcl, Morgan * - "a
connection with southern railways nv
/ mo concentration upon southern az
| ,.l,cou,ut of inc most powerful ana con
esr,a.iye financial and railroad interests
/ of mis- country, win loifisu I'm" -,
/ 81. strong as It's American lnhuenoc' ',r1
J eeqgcutly. men who study l"e liI'Oi 80 We
/ 90 81 Mall street are aCcuSloheu u" -.
/ Gard the control OF sec,i 49, tg,,or,-
/ banking house as OF the hl6nest ''''t h,.
ance to the corpor"lles" IKE statement
ne securities. In proof OF liIs s'l' Vor~
/ -, to cited the work Of DIeNe' 90
i,~' G. 90 i'm handling the Chesa pedhV -, q
/ GTio and placing mat system va
financial basis. ......r,sire, 10 learn
30 .r. Manufacturers Record dotS' 10
"n one day recently $5"'',v, Va ,r@ns-
| ,on,d Terminal securities ~ &c
i'ir..I ia The NanIerbnts ana lh'li 80
-.o,t4t.s. S1eo.GC of stock p"sS'is vi
10 r,,t.Yi,1,nr The southern Hallway:
glance at TIE map VIII si ,,,,sr4sts In the
! a,,,r Their lines now TeacA luo" 90 az.
,.rts al West Point. Oh Chtsa p y.','sv,t..k
| Newport News, Nireinla' anu r., T.rr
| C.ori,ia. cone terminus 81 the Id, The
aad ~ obtain AN entrance 20 Ne" lTtNs
! and Philadelphia or w - - no owners
900 miles and over of r0au VIC mn.
49,. ,h,i,,d 10 p4v trachagr or nm,
an aerernlent with The PehH5y ,,.., ,,,o W.
Baltimore 81 ohio. As an an, iiiiiustration.
t,.-,.i.u Jersey cry ana enc ihnau.
irrou Me>anAiia, Virginia, 70 lr'n-.
| cry il is compelled 10 PAY i01 ,,ir,,r'a,
! y. -. rr..sut the Vanderbilt hHes
ave. "hotflei up." go 20 speak, on 'he
| north at the Potomac rE~r .,,,cst,o,s
This is the situation, nHt , vac In The
! are That IL Wiu DOR con..""S tS"a- -.
! No,v York Central and W est ShoIe b'N,
| the NauderbNts AN entrance ~. can
York for their western IoaD s,' ~ ou.-9
! yhe answer is simple. lHtovSH w.
! Baltimore H. Oalo. Reading anu 49,
! Central. ali rival lines 10 '"'" q
'o G,lii.r,i rn'tarI.lts in railway circles
| tend 10 confirm this theory % "'Eii'
| vvltn the Baltimore a. ONO ~ - 49,.
ing line. from, - pres,ens, ID O. ana
| .'~.ss The Potomac 10 point In Ie.lIa
| near Alexandra. the present IL ltat -
mus of the southern roal, MI tiis,l.a a.
| mo artuu terminus 0f the tHe7"p..
& Ohio. the latter using the NlIs'it5.t '.','
| land branch OF the Soull5.H M.
from G0rdlnsyille - A.rAaun-ld no., '''''
| nr TWO of track viii connect inc i'a ~. -.
~ Ohio with .he other. giving the Two
! iires an entrance % washington "",'
| Baltimore independent oil we a,, .rfer
vania. over which tracks t"ey ~"
'n &lno tt'Ri point Is this: For some time ne
| rq-t Recalling stock, when ms "r- 90 o.
| iny us fifteen in the market H"a ,t.t'
| ..+.odiv uurchaSel by unknown pdI ut'
| ffr+r 6rONtrs state that tue T4Ipis
| comparatively scarce. lHe M tho
| organization committee nv i.r,,..l
| ..e-.raucc that their plans dle Ail'
@ .,i~-.tel Morgan a. co.. and IL mas de
| ,,,,orad that the latter are largely lhleI
| .sted Tim Reading. There mas meyer
| hon a time In the history on shls 'yiIi
| pauv when fits stock couiI pe Nol'.' IN -.
| Tor less money VIM" , a. ,he Mart o,
! IL has an entrance mo - COL
| Phiiadelpnia and reaches thf ste"1 80 ,.ii
| fields in Pennsyi yama. Wu'.H, = Sc
| understood, the NaniHib"la WI ~ -
rnre As 20 the Baltimor" * ONO IN
| V,ttre- Dool I'm this stock expired aoIn'
| 49, 80 aui there Is nothing 20 inter
sr. Vim anyone securing "a cohio'llNt
! i,.,.rn-f Win the tunnel at bhIulliol'
! na.rlv completed, thus giving liie IN
| many stations in the upper anu 49,
parts of the city, ana WIN o'n1' -. IN
| as important improvements "pots 49, -
i,ncd. the Baltimore q" Di' i,.,,..,stnlas ifs
we're never brighter loI ~ 49,, -
passenger and freight busHh'SS -, -
north. while lt VIII navy ~ w ~. nav,
rilitics for Ithiu- i.re.y. Central
| d,pcrds almost eHtl''| t paitfrlor.
tbe southern business on l"TT- f,,
A. ohio and fcadihs' ,l"1 - TO-,
in case they coh'I 1H," ~. ~ mako
roads. have IL ID th'H p0"'' ~
closn traffic arrangements ..
such Is au outline oi Nna' ma" ,n,.t,.,',, o.
about i'm railroad "inli "'t aIa nora H.
wear or $50. Inc s'"'-Iir - ~ ol,>,,,,,
| that at first one can H. 10
! bend 81. but n.y. CLOS" SINu} u rrosent
graphical poSlLon ",,"'.lor.d il yin be-
Situation so lar as dSltI99ipv" ir IGin'llline-
seen that the Wander niltS, III NM IN, H.
together TINS clilm ~. to 10 north-
with am indTpe ilI,u' ,,',r,'eraiieled on
ern seaDotIu' n.r' .,' iar,e nart Of the
portunlty 10 C"i', i.iross ~ the south
tra,nSl,'iIa! ar3 eulf states.
~ ~, his connection the report Is made
III