The Norfolk Virginian. [volume] (Norfolk, Va.) 186?-189?, 1896-09-15
statement of the business OF the latter
properties"
"fhe seaboard Air Line makes no report

pr'SSgp sr les >, Ar 1,,. go
ton. however OF the balance sheet OF tn,
several companies composing that system
SHOWS the Following net amounts by which
been increased or diminished yearly sine,
June 5Oth. The Georgia. nc caSoi a en ant
M No, Is not included IN the returns fol
1891. the system showed a profit OF 1921 >.
03s; II 1892 1892 profit Of s44 se5 In 1893 loss
oss " 0fS ss Of and IN
three years from 1892 to 1895 was therefore
tba IN f fSa nnmhers 1t s'sn
NoIthern s0 %as opened through to Atlanta
"There are abundant Indications that
the charges to expenses for maintenance
OF road bed and equipment have been alb
Thai WHY now IN the past four years. and
deficit would have been much larger than
that shown.
Judge Leigh r. Watts. general counsel
Of the Seaboard Air Line. was interviewed
IN regard to his views on the letter of the
Southern Railways president. Said the
Mr. ST. John is ut present out OF the
city. Immediately upon his return he will
reply to the attack OF Mr.. Spencer prompt
~ anu IN every particular
made BY the New York Sun. a o few days days
the Baltimore News of the 18th inst:
nj. ~: Curzon Hoffman. president of the
more Steam Packet Company. has return
ed from Portsmouth. Va, and Atlanta.
ing the terminals at these points Mir
li n said that as yet he had not been
ed by United States Judge Speer, Of Geor-
GA. ordering the Seabord Air Line. the
Southern Railway Company and the other
the tariffs In effect prior to September 5th.
and that until he had read the order OF the
statements. The matter, he said. was in
the hands OF the legal department. of the
road. and that IT would probably be sew e's
ded upon.
WILL CONTEST THE ORDER.
Mr. Hoffman said that the Injunction
would be obeyed by his line. but inlimated
done In the Injunction order issued by
United States Judge Smonton, and that
me Mr. ord Ho,s would be contested In court
new station being erected by the Seaboard
AT Line was progressing favorably, and
pleteu by November 18th. The building
and grounds will cost In the neighborhood
CUT RATES STIMULATING.
Speaking of the business situation in the
South. Mr.. Hoffman said: THE cut rates
have undoubtedly stimulated shipments,
handle. The rate war has not reduced our
revenue as our enemies profess to believe,
nut. on the contrary. has increased it. The
July, when the rate war was inaugaura-
ted, compares, as follows with the CORES
p0hd'ns month year ass 1885, 1905
Operating Espenses iss.ssssz ' iss.sstsi
The statement for AUGUST HsG has not fGs Been
fully made up. as yet, but am told thai
NTT2cK G On DC T fYsn e sEAn tban TIiy
MT. nonman was shown an article print
60 IN the New York Sun this morning re-
tectins on the financial condition OF the
property l and predicting the appointment
much longer. Mr.. HOFFMAN said:
1T is very evident that this is an effort
S on the part par Of the Southern Railway to
Line and to induce the stockholders of the
Seaboard and Roanoke Railroad Company NY
holdings. The truth is. that the Seaboa I'd
AT Line system for the year ending June
paying all charges and losses Of everv mn /
mon stock of the Durham and Northern
board and Roanoke Railroad These arti-
cles are malicious falsehoods, circulated
WITH the purpose of frightening the stock
CAR TRUSTS a SOURCE OF PROFIT.
me car trusts OF our line are taken care
OF by the revenues derived from the use of
the cars and engines. and when used upon
| the railroads. OF the Seaboard Air Line svs-
Ten the hire Is charged in the expenses of
tne company using the equipment and the
instead OF a loss 49, -'''e
y shall to-day demand from the New.
| ISLANDERS" "a '"eSe
This article evidently eliminated from
the office OF the Southern Railway in New
York. When attacks upon personal cha ".
ncter are resorted TO by your opponents.
you may be sure they are desperate /
| thlnk can leave my character and hon
esty OF purpose in the hands of my com
rades In the South, with whom I served
this country TO whom | have been known
since ING, and with the people of Baiti-
| rnr.,