The Abbeville press and banner. [volume] (Abbeville, S.C.) 1869-1924, 1894-10-10
THE SOUTH CAROLINA AND GEORGIA..
The Louisville and Nashville and Coast
Line Buy 1t.

|
The Augusta Chronicle, Of last Wed
nesday, says the South Carolina anc
Georgia Railway will soon change
hands again. Just as the Chronicle ha'
been telling you all along, the Atlantic
Coast Line and the Louisville ant
Nashville, jointly are going to buy 1t
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 unquestionaolJ
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, tht
principal owners of the South Carolina
and Georgia, aud the ex ecutive 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 main line
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
bean resumed between the Parsons
and the Atlantic Coast Line and the
Louisville and Nashville, and 1t is said
that the transfer of the desired line Is
now pending. The South Carolina is
wanted by the Atlantic Coast Line, be-
cause 1t will give 1t an 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 runner 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 hereabouts are
pretty well divided In their opinions
on the question. Some very high Ofa.
cials on che South Carolina and Gsor-
gia Road, while they disclaim speaking
with authority on the subj ject, are open
and above board In their expressions
of belief in the truth of the rumor. 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 Line will control
the South Carolina and Georgia Road.
From time to time the Louisville
and Nashville people, as we'll as the
Messrs. Parsons, have denied that any
deal was in progress, and yet 1t contin-
ues to be generally accepted as fact
that negotiations are now pending be-
tween the two.
A gentleman was seen III the city
yesterday who mentioned the name of
well known railroad man who told
him that he had received telegram
from New York stating that the ar
rangements 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 1nfor-
nation on the subj ,ct, and 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 to indicate be-
yond q doubt, that the "Old Reliable
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 tele-
gram during the day in which 1t 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 and
Georgia Railroad.
received In an unexpected way last
night. A gentleman In Charleston,
who does not wish bis name given just
now, showed a 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 a very
straight tip" The writer Of the letter
| is In position to have inside informa.
ton on the subject, and he Is not man
who would speak lightly Of such an
important uestion. 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 At
lantic Coast Line systems.
Some persons have supposed 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, rs now rumored, that the
Southern has made arrangements to
absorb the Central system, it Is hardly
probable that 1t 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. -.
In this connection 1t may be said
that one of the leading railroad men of
the South recently told reporter of
The News and Courier that there was
little reasur to doubt that the South
Carolina and Georgia Road would