The morning news. [volume] (Savannah, Ga.) 1887-1900, 1895-03-22
TO BE BUILT TO SAVANNAH.
THE MACON AND ATLANTIC ROAD
REPORTED SOLD.

The Macon. Dublin and savannah the
Purchaser-A Line 90 lie Constructs
ed From Dublin 20 savannah as
Rapidly as Men aud Money Can
DO 1.-THE Distance Between Sa-
VannRh and Macon Forty Miles
shorter Than by the CentrnI-The
History of the Two Roads.
Macon. Ca. March 2i.-It is reliably re-
ported here to-day that the Macon. Dub
lin and Savannah railroad has purchased
the Macon and Atlantic road. The Ma
con. Dublin and Savannah road win now
be pushed to completion from Dublin to
Savannah as rapidly as men and money
can do II. The road is alreadydn success
full operation from Macon to Dublin, dis
tance OF "a miles. The right Of way, franz
chise etc, OF the Macon and Atlantic viii
be used from Dublin to Savannah. and
thus the Macon. Dublin and Savannah
railroad win be the shortest line from Ma
con to Savannah. II win be about 40 miles
shorter than the Central. The Macon
and Atlantic has about 40 miles OF track
laid below Dublin towards Savannah and
a NUMBER OF duultlOndl mites kIhNcu anu ~
quantity OF rails and cross ties on hand.
The Macon, Dublin and Savannah has
been built and equipped from Macon TO
Dublin without a bond or share OF stock
having been issued on the road. The prop
erty is owned by the Georgia and Illinois
Improvement Company. which Is compos-
ed Of Chicago capitalists. They viii have
no trouble to get all the money necessary
to build and equip the line from Dublin to
Savannah, especially as not bond has
been issued on the road from Macon TO
Dublin.
The completion Of the Macon Dublin
and Savannah will open up very vaiu-
able territory to Macon merchants and
give another and shorter routs from Ma
con to the sea- The Macon and Atlantic
road was originally laid out TO go 20
Culleton. on the Carolina coast, and 70
Savannah. II was a part of the famous
Georgia, Florida and Southern system.
and was to have been built by the Macon
and Savannah Construction Company
which organization was composed princi-
pally of stockholders and officers OF the
Macon Construction Company. by de-
cree OF Bibb superior court the property
OF the Macon and Atlantic railroad and OF
the Macon and Savannah Construction
Company was offered at public sale be-
fore the court house door, In this city.
on Nov. 80 1892. The commissioners or
sale were c. G. Kibbe r. A. Nesbit and
William Gordon. The whole property
sold for $4,000. and was bought In by
Col John X. Young, OF Savannah. BY the
terms Of the sale, cash payment or
$4,000 was made by Col. Young. Among
the effects bought we're 2,ll2 tons steel
rails Is 236 angle bars. $4,000 erossties,
so fiat cars. "A box cars. the right of way,
franchise, graded road tracts of land.
etc. The property purchased for @i0,D0
cost the Macon Construction Company
and the Macon and Savannah Construc-
tion Company about 81, 10000. Col. Young
and others organized the Atlantic Short
Line and took possession OF the property.
Among one Of the stockholders and active
factors In the reorganization of the Atlan-
tic short Line is Maj. J.. u. Hanson, OF
Macon, and he has been very instru-
mental with Col. John r.. Young, of Sa-
vannah, the president OF the Atlantic
Short Line, in making the sale of the road
TO the Macon, Dublin and Savannah.
Though the Macon and Atlantic was
nominally sold a public outcry for $4,000.
this sum WAS not really paid in cash.
Certain creditors of the road were settled
with In cash, but the bulk Of the creditors
agreed TO pool their claims scale the
amounts and take stock IN the new or
ganization. to wit, the Atlantic Short
Line. These stockholders will receive
their pro rata share OF the $3.50. 900 paid by
the Macon. Dublin and Savannah road.
With this purchase the Atlantic Short
Line, presumably, goes out OF existence.
II is understood that the Macon, Dublin
and Savannah has already taken charge
of the building of the line below Dublin,
which was in course of construction by
the Atlantic Short Line. Within the past
few months the Atlantic Short Line has
built a number of miles OF road. Col.
Young has been quietly pushing the
work, and very little has been said in the
public prints about II. The purchase of
the Macon and Atlantic also carries to
the Macon, Dublin and Savannah what
ever terminal grants have been made TO
the former Ia Savannah by the municipal
authorities of that city.