Birmingham age-herald., 1894-09-06
4 GREAT COMBINE. The Rothschild- Vanderbilt For
 tunes Brought Together IN THE SQvE KERN RAILWAY DrexeI-LS gan Scheme a Co.,
 -
 losea oooess-A Prosper ous. lture for the South.
IN THE sct ctE!RERN RAILWAY

CHATTANOOGA, Tenn., Sept. 5.-The greatest combination of private capital ever before enlisted in one enterprise in the United States is supporting the South ern Railway company. From a thor oughly reliable source the Times is in- formed that the underwriters, as they may be termed, of the reorganization scheme of the Richmond and West Point Terminal and the East Tennessee, Virginia and Georgia railroad companies are none other than the Rothschids of London and Paris and the Vanderbilts of New York-Corne- Illus and w. K.
 The reorganization as is well known, was undertaken and successfully consum- mated by Drexel & Morgan of New York and J. c. Morgan & Co. of London. These two great banking houses interested their richest clients-the Roehschilds and Van derbilts. The syndicate really Is very small in numbers, for it is divided in four portions, but colossal in wealth, repre- senting the greatest aggregation of capital in the world-more than $500, ,C00, ,000.
 The Rothschilds have one-quarter, the Vanderbilts one-quarter, Drexel, Morgan & Co. one- e-quarter, and J. s. Morgan, on account, one-quarter. The reorganization plan provided for $50, ,000 ,000 of new capi- tai, and 1t is this sum that the quartette has agreed to supply, and more if neces- sary. The money is to be used in heavier rails, new bridges, new equipment, termi- nals, extensions, etc.
 The Southern railway has now acquired complete ownership of 45oO miles oi.road, and by the reorganization has reduced the bonded indebtedness from $135, ,000 ,000 to s9O, ,00O, ,000-just one-third-and the fixed charges from s7 ,5O0, 900 per aunum to $4,- 500, ,000, saving oi s, 1000, ,000 per annum. The bonded indebtedness of the road is now less than S20. 900 per mlle. The first ann nual meeting of stockholders is to be held at Richmond, Va., Tuesday, October 2, and bonds to the amount of $120, ,000, 900 on the entire property will be authorized, ESQ., 900, GOO of the bonds to be used in improve ments.
 The expenditure of this large sum oi money in the south along the line of th{ Southern railroad will be tar-reaching in it's effect. There is now very little doubt that the Southern railroad project is simply an extension of the Vanderbilt system into and through the south. The Chesapeake and Ohio will no doubt become part of the system within a short time, and the Queen and Crescent system will ultimately become part of the system, whatever may be the immediate plans of the Cincinnati, Hamilton and Dayton peoples plans. Through the Cincinnati Southern the Big EOuf tu6 NduutEDlit byoItm VIII Dc reached at Cincinnati. The controlling stock of the Central Railroad of Georgia is held by the Southern railway, end when that property finally gets into the hands of the security holders, which is only ques- tion of short time, it will be discovered that the Rothschlld- Vanderbilt system is in it.
 The plans of the Drexel- Morgan people are now 80 near fruition that it is now no longer a matter of speculation. The t1f so near completion. Twenty-Five thousand miles of the best railroad property in America will soon be under the control of the Rothschild- Vanderbilt combination. It is an open secret for some months that the Rothschilds were becoming interested in American railways.
 While the reorganization plans of the Richmond Terminal and East Tennessee give Drexel, Morgan & Co. supreme con trol for five years, by the expiration of that time it is confidently believed that they will continue the control by virtue of the fact that they own the controlling interest,"
 The beginning of the Southern railway is under the most favorable conditions. While the properties have been reorganizsd on basis thaL would enable prudent manage ment to make fixed charges during a de- pressed business period such as the south Is just emerging from, the prospects for business greater in volume than the south ever before enjoyed are now of the most t will yield near on to 10, 900, 900 bales, and the south will not only have enough cotton for it's own uses, but great surplus to sell. The general conditions of the planters and farmers in the south were never bet ter. They were never before go light in debt.
 Factories and furnaces are resuming in every direction. One order for 20 900 tous of pig iron has just been given the Ten nessee Coal and Iron company by Matthew Addy & Co. of St. Louis, and in conse- quence the Cowan furnace has been put in blast, and the South Pittsbprg furnace will also be in blast in few days. Every, factory in the Chattanooga district is at work and the greatest activity is seen among the boilermakers.
 A very marked improvement in the gen. eral tone of business throughout the south has been apparent for some weeks. The feeling that the south is on the threshold of great era of prosperity seems to be daily increasing in the north and west. Eastern banks are freely offering money at low rates of interest to their southern cor respondents, and large mercantile houses are crowding the south with commercial travellers. The Southern railway has it's beginning at a propitious time.
 GOOD DAY FOR. BUSINESS.
 NEW YORK, Sept. 5.-It has been another day of active trade with dry goods jobbsrs,