The morning news. [volume] (Savannah, Ga.) 1887-1900, 1895-08-22
THE SHORT LINE ScOoPED.
ALL OF THE STOCK HELD N SA-
VANNAH BOUGHT Up.


President Young shows What Nice
Thing IL Would Be for the Georgia
and Alabama Railroad AZ the Lat
ter Is Really Trying TO Come 10
snvannah-The Road Proved an Tn
profitable Project to the First In
vestOrs.
All the stock Of the Atlantic Short
Line held in Savannah has been bought
up. Who are the purchasers. and what
their object is III buying up the stock,
is not known. The stockholders were
glad TO get out, and asked no questions,
or II they did they got no information.
one Of the former stockholders said yes
terday that he knew IL TO be fact that
all the stock Of the Short Line held here
had been purchased, and he was equally
positive that he had no idea who the
purchasers were or what they wanted
with the stock. The purchases were not
made by broker he said, but by a bust
ness man, who gave out no informa-
ton. The gentleman was unwilling to
state what was the amount of stock
The price Is thought to have been fair
one under present circumstances, other
wise it would not have been so unan-
imously accepted.
Receiver John r. Young of the Short
Line was seen and asked If he could or
would tell the meaning Of this deal in
the stock of his company. He admitted
hof he I'M TaaI hud har 1a
but chose to preserve the air Of mystery
with which he has greeted all such ques-
tons for several days. AS the receiver
of the property, he claimed that he was
not supposed to know anything of any
deals that might be engineered to secure
the control, and such being the case he
could of course say nothing. He said he
could not say whether or not there was
any truth in the report that the Georgia
and Alabama railroad, formerly the Sa-
vannah, Americas and Montgomery, had
secured control of the Short line for the
purpose of coming into Savannah over its
route.
How would it aid the Georgia and Ala
bama to get into, Savannah by getting
possession of the Short Liner Mr. Young
was asked.
THAT is very plain" he replied, re-
ferring to a map, showing the different
railroad routes. That the Georgia and
Alabama people must come into Savan-
nah is a settled fact. Unless they can
get the Savannah and Western railroad
from Lyons to Meldrim, they will have to
build in the entire distance. To do this
they will have to go either north or
south of the line of the Savannah and
Western. If they will build twenty miles
across from Lyons in northeasterly di-
rection they viii strike the route of the
Atlantic Short Line which has already
been graded from that point on to the
Ogeechee river with a bridge already par
TALLY completed across the river. Then
back of this point where they would strike
our line there is twenty-nine miles of
railroad already completed, which will
give a connection through 10 Dublin and
by the Macon, Dublin and Savannah
railroad to Macon, which would prove an
important feeder. One of the advantages
in taking this route would be that 1t
would shut out any other line from taking
it. This is an important consideration, as
some railroad is certain sooner or later
to build over this route to Savannah.
The Macon, Dublin and Savannah. as is
well known, has been anxious for some
time to build over this route"
Mr.. Young did not say that the Georgia
and Alabama railroad is likely to build
over the route he had outlined. He mere
]
a good thing for it to do so. If this should
be the deal on foot, as seems likely, the
Macon, Dublin and Savannah railroad,
which is now under contract with the city
to build in here by next spring would
be shut out and the best 1t could do would
be to make connections with the other
road 1t is possible that the Georgia and
Alabama has secured control of the stock
of the Atlantic Short Line, with the hope
/ of compelling the Central to sell it the
| Savannah and Western branch from Ly-
ons by the threat of building another
/ line and making another connection with
/ Macon and the west.
! The ex-stockholder of the Atlantic Short
| line who informed a Morning News report
| er of the deal said he didn't care what be-
/ came of the property.
81 didn't get out 10 cents on the dollar
| for what put in" said he. '"There was
| big lot of Savannah money put into the
/ construction company which undertook to
| build the road, then called the Macon and
/ Atlantic. Construction company stock was
I away up at one time, but how it went to
/ the wall is an old story. Then some of us
! who had already gone in pretty heavily
| thought TO save ourselves by buying in
the property which we did at about $3.50
| 900. When offered for sale the other day it
failed to bring 100000 and there has been
| a big lot of money spent since we bought
1t. Instead of getting out we only got in
deeper all the time. You understand now
what mean when l say that don't know
who has bought the stock and that don't
care"
welded AT THE CATHEDRAL.