The Lexington dispatch. [volume] (Lexington, South Carolina) 1870-1917, 1894-10-10
THE SOUTH CARO- INA AND GEORGIA
The Louioville and Nashville and Coast
Line Buy It.

The LouiYvill. and Nashville and Coast
Line Buylt
The Augusta Chronicle, of last We'd
nesday, says the South Carolina and
Georgia Railway will soon change
hands again. Just as the Chronicle has
been telling you all 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 and Courier yes
terday 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
graph 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 liEe
from Charleston to Augusta, with
branches, aTId .h .ho Atlantic Coast Lice
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
now pending. The South Carolina Is
wanted by the Atlantic Coast Line, be-
cause it will give 1t an entrance into
Augusta"
In substance this statement has been
made many times before, both here aud
in New York, and the pertinacity
with which the rumor keeps itself be-
fore the public is possibly the strong
adduced in support of it.
The railroad men hereabouts are
pretty we'll divided in their opinions
on the question. Some very high otll
cials on the South Carolina and Geor-
gia Road, while they disclaim speaking
with authority on the subject, are open
and above board in their expressions
of belief in the truth OF the rumor. at
the same time there are other we'll in
formed railroad men In the city who
think that the ultimate outcome is to
be that the Louisville aud 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, aGd yet 1t contin-
ues to be generally accepted as a fact
that negotiations are noW pen1lng be-
| tween the two.
A gentleman was seen in the city
yesterday who mentioned the name OF
| we'll known railroad man who 10! !
him that be had received a telegram
from New York stating that the ar
rangementS had actually been made
| looking tc the transfer of the property.
at the same time it should not be for
gotten that the new officials of toe road
in this city dlsclalu having any lnfor-
nation Oh the subj act, aud the busi-
ness of the company is being conduct
ed as though the management were a
permanent one.
But information was received here
yesterday, which seems t. indicate be-
yond doubt, that the "Otd R5l!a5lo"
has already, or will positively, within
the very near future, change hands
again. The statement was made on the
street last night that we'll known gen.
gleman in this city had received teIs-
gram during the day in which it was
stated that the Louisville and 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 aud
Georgia Railroad.
a confirmation Of this rumor was
received in an unexpected way last
night. a gentleman in Charleston,
who does not wish his name given just
now, showed reporter letter from a
prominent New York man in which
the writer says: OF course you know
that the Messrs. Parsons have dis
posed of their interest in the South
Carolina and Georgia Railroad"
This statement, coming as 1t does
from one of the best known fnanciers
in the country, seems to be very
straight tip" The writer Of the letter
Is in a position to have Inside informa-
ton on the subject, and bel Is not 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. 1t 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 A.
lantic Coast Line systems.
Some persons haVesupposed that 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 1t 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 if the Messrs. Parsons have sold
the South Carolina and Georgia Road.
that the purchasers are the Louisville
and Nashville and Atlantic Coast Line
systems.
Ia this connection it may be said
that one of the leading railroad men Of
the South recently told a reporter OF
The News and Courier that there was
little reason to doubt that the South
Carolina and Georgia Road would
change hands again within very few
months. He said that he felt confident
that the Louisville and Nash vile and
the Atlantic Coast Line systems would
build a new line to Augusta If they
could not control the South Carolina
and Georgia property, and as he coc5I-
dered it would be rulDous to the old
If the new line was built, he did not
doubt that arrangements would be
no6o hv whioh tho roa6 W0nl6 ch2Dpp