The Manning times. [volume] (Manning, Clarendon County, S.C.) 1884-current, 1894-10-10
The SOUTH CAROLINA AND GEORGIA
Tho Loui,v:ile and Nashville and Coast
Line Buy 1t.

uSSQdJ, ohyo euO CouGA OelOiIuo euO
Georgia Railway will soon change
hands again. Just as the Chronicle has
been telling you al along, the Atlantic
Coast Line and the Louisville and
Nashville, jointly are going to buy it.
Augusta will be benefited by the
change. The News aud Courier yes
terdsy says:
The following paragraph, which has
recently been going the rounds of the
New York papers, will unquestionably
be of interest to the people just at this
time. With slight variations the para
grapn is as follows:
Negotiations are said to be under
way between the Parsons Brothers, the
principal owners of the South Carolina
and Georgia, and the executive officials
of the Atlantic Coast Line and Louis
vile and Nashville, whereby the first
named property is to pass into the joint
control of the latter companies. The
South Carolina was bought by the Par
sons some time ago, and the name was
changed. The road has a main liae
from Charleston to Augusta, with
branches, and the Atlantic Coast Line
and Louisville and Nashville have had
their eyes on the property. During the
past week negotiations are said to have
| been resumed between the Parsons
and the Atlantic Coast Line and the
louisville and Nashville, and it is said
that the transfer of the desired line is
nov pending. The South Carolina is
wanted by the Atlantic Coast Line, be-
cause it will give 1t al entrance into
Augusta"
In substance this statement has been
made many times before, both here and
in New York, and the pertinacity
with which the rumor keeps itself be-
fore the public is possibly the strong
est argument which at this time can be
adduced in support of it.
The railroad men hereab0uts are
pretty well divided in their opinions
on the question. Some very high ctn
cials on the South Carolina and Geor-
gia Road, while they disclaim speaking
with authority on the sui act, are open
and above board in tier expressions
of belief in the truth of the Tumor. At
the same time there are other well in.
formed railroad men in the city who
think that the ultimate outcome is to
be that the Louisville and Nashville
and Atlantic Coast Lire will control
the South Carolina and Georgia Road.
From time to time the Louisville
and Nashville people, as well as the
Messrs. Parsons, have denied that any
| deal was in progress, and yet it contin-
ues to be generally accepted as fact
that negotiations are Low pending be-
tween the two.
q gentleman was seen in the city
yesterday who mentioned the name Of
!. we'll known railroad nan who toll
him that he had received a telegram
from New York stating that the ar
rangeme1ts had actually been made
looking to the transfer of the property.
At the same time it should not be for
gotten that the new officials of the road
in this city disclalm having any ,nfor-
nation on the subj ect, and tue busi-
ness Of the company is baing conduct
ed as though the management were
permanent one.
But Information WAS received here
yesterday, which seems tn Indicate be-
| yond doubt, that the "O.d ksliable"
has already, or will positively, within
the very near future, change hands
| again. The statement was mate On the
street last night that well known gen.
gleman in this city had received a tele-
gram during the day in which it was
stated that the Louisville ard Nash
| vile and the Atlantic Coast Line had
| made definite arrangements with the
Messrs. Parsons by which these sys.
TENS would in the near future take
control of the south Carolina and
Georgia Railroad.
& confirmation of this rumor was
received in an unexpected way last
night. q gentleman in Charleston,
who does not wish his name given just
now, showed a reporter letter from
prominent New York man in which
The writer says: OF course you know
that the Messrs. Parsons have dis
posed of their inse;rsesstt~in ssee;r rsesst "a the South
CaCaliiIla ald Georgia Railroad"
This statement, coming as 1t does
from one of the best kno Nn 6nanciers
in the country, seems to be a very
straight tip" The writer of the letter
Is in position to have inside informa.
ton on the subject, and be Is not a man
who would speak lightly of such an
important question. He says no more
in the letter than has been given,
evidently taking the sale of the road as
a matter of course. IL is not said to
whom the Messrs. Parsons had dispos.
ed of the property, but everyone takes
it for granted that the purchasers are
the Louisville and Nashville and At
lantic Coast Line systems.
Some persons havesuppoSed thai the
Southern Railway Company might
wish to own the property, but there is
very little reason to believe that that
system would care greatly for the
South Carolina and Georgia Line.
II it Is true, as now rumored, that the
Southern has made arrangements to
absorb the Central system, it Is hardly
probable that it would care to have an
additional South Atlantic port. Taking
everything into consideration, and re-
membering everything received here
yesterday, there is little reason to doubt
that il the Messrs. Parsons have sold
the South Carolina and Georgia Road.
that the purchasers are the Louisville
and Nashville and Atlantic Coast Line
systems.
In this connection it may be said
that one of the leading railroad men Of
the South recently told reporter OF
The News and Courier that there was
littla reason to doubt that the South
Carolina and Georgia Road would
change hands again within very few
months. He said that be felt conf dent
that the Louisville and Nashville and
the Atlantic Coast Line systems would
bui1d new line to Augusta if they
could no. control the South Carolina
and Georgia property, and as he consi-
de7ad 1t would De'rulpous to the old |
If the new line was built, he did not
Coubt that arrangements would be
made by which the road would change
hands.
Tho in forp,o ioo c,ybinH :, c.iuoD boro 4