The people's journal. (Pickens, S.C.) 1891-1903, 1896-01-09
THE LAUISENS RAILROAD,
N Columbia Syndicate Has Pur-
chased this Valuable Link.

! Judge Simonton, sitting in the
United States Circuit Court, has fled
| docroe In tho case OF Frederick Nj.
Corton trustee, complainant, vs. the Co
| lumbia and Greenvlllo Railroad, OF al,
| defendants, OK parte Alox. @ Haskell,
| recoivor. The deoree orders tho sale
of tho Laurens Railroad to w. G. Childs
for $75, 900. 1t is a lengthy document,
| fifteen closely typewritton pages Of
legal cap. In the 10th section it sets
forth that the receiver Of tho LauronB
| Railroad, Alex. @. Haskell, has re-
| ceived an offer from w. G. Childs for
| the entiro railroad property hold by
| nim'as receiver and covered by mort
gage, and running from Helena to Lau-
rens for the price OF $4,000, $50,O00 of
This purchase money to be paid in cash
and tho $3.50 to be paid by credit
| endorsed pro rata on all tho mortgage
bonds Of the said Laurens Railway
| Company. The decree goes on to state
| that the report of Special Mastor d. b.
Gililand establishes that tho price
| offered is a full and ample price and q
larger one than is lileoly to DO realized
| At an auction salo OF the property, and
| that the holders Of tho mortgage bonds
Of the road earnestly beg that tho sale
bo 30 ordered The sale Is to bo con-
! summatod forthwith"
| Ano Soluuiolt LNos lsVor, dlLcr an IN
terview with tho purchaser, MIR. w.
G. Childs, makes the following state
| mont:
Tho Laurens Railroad, which has
boon running under the direction of
Receiver A. @. Haskell, was sold in
Charleston Ey order Of the United
States Court on Monday, tho purchaser
being Mr.. w. G. Childs, OF Columbia,
who paid 5000 for 1t. Mr.. Childs
was asked about the purchase and
what wore the plans for tho future.
He said that he was not In position to
say much just at present furthc~ than
that he represented u syndioate, most
OF whom wore Columbians. Although
ho Is president OF the Columbia, New
berry and Laurens Railroad, the pur-
chase was not maoe Tor that road and
they would be Sol larato organizations
altogether.
| Mr.. Childs, hoy ever, said that the
road was gcing to 5e run In the inter-
est OF Columbia as far rs possible, and
this certain ly will be- good news. He
says he intends to make such a sched-
ulc so that the people in Laurens can
get to Columbia in the early morning,
transact business and get back the
sHme AFTERNOON instead OF having to
spend a whole night here. This Is
just one OF the advantages the road
will be to Columbia. Other connec-
tions and othor traffic arrangements
will be made in the near future which
will be equally advantageous to Column
bia and tho people living along the
line. There has been talk for o month
or moro about Mr.. Child's intention to
establish through trains from Charles
ton to Greenville over the Coast Line,
Columbia, Newbnrry and Laurons and
| Port Royal and Western Caroline
roads, but whether tho acquisition of
the Laurons road will load to such o.
result remains to be seen.
| Tho Laurons road is forty miles long
| and runs from Helena (Newberry) to
Laurens. At DOvers station it CROSSES
tho Seaboard Air Limo and at Clinton
makes connection with it. 1t taps the
Port Royal and Western Carolina at
Laurens.