The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1899-08-16
A CONSOLIDATION
OF The SEABOARD
Rumors of an Injunction to
Prevent it.
STOCKHOLDERS MEETING
KICKERs SAID TO BE BACKED BY
THE SOUTHERN.
STOCKHOLDERS MEETING
DEN0UNCEC AS A BLACKsAlLING SCHEME
The Southern Buys the Atlantic and DanviIIe
for Freight Line. Building Spur
10 Union Cod Mine from
Salisbury.

There are intima tons of another Fed
eral injunction.
The stockholders of the Raleigh and
CASTOR Railroad Company are called to
meet Mt Raleigh on September 9th To
consider the terms upon which the Ral-
eign and CASTOR Company may c9nsoll-
date with the Seaboard and Roanoke,
the Raleigh and Augusta Air Line, the
Carolina Central, the Georgia, Carolina
and Northern, the Durham and North
ern, the Roanoke and Tar River and
the Louisburg Railroad Companies, or
any one of them, and to provide for an
increase in the capital stock of the RAJ
eigh and CASTOR Railroad Company.
This is in accordance with an act
passed by the last Legislature. And
under this act three meetings previous
to this have been called, but for some
reason no meeting was ever held.
When the act was passed there was
some opposition among the stockholders;
but as eighty was offered FOR their
stock, whereas before they could have
got only fifty, most of the opposition
sold their stock.
There are, however it is said, still
some stockholders who are unwilling
to take eighty for their stock and in
order TO compel the management of the
road to pay more they are threatening
to sue ont an injunction TO prevent
the meeting here on the 9th, and other
wise make no end of trouble. And it
is further whispered that these mall
contents are backed by the Ryan fac
ton and encouraged by the Southern
Railway
How much foundation there may be
for these rumors | am unable to say. |
only know they have been in circulation
for several days, and that they have
been coming industriously to the ears
of the Seaboard people. Discussing the
matter yesterday a large stockholder
said:
I've not been able to find out ex-
actly who are the stockholders threaten
ing to sue out the injunction, nor do
| contemplate any serious hindrance
from such source. 1t is nothing more
nor less than a matchmaking scheme 10
which | cannot believe the manag cement
of the road will allow itself TO Become
a victim. Somebody is trying to force
the road to take their stock at an ex-
orbitant price"
The Southern Railway yesterday be-
gam work ON a branch road that will
run from Salisbury out TO the Union
gold mine. This spur will cost about
$4,000.
1T is learned that the Southern Rail- |
way, tired of paying heavy trackage to
the Atlantic Coast Line, upon the tracks
Of which, over the Norfolk and Caro-
lima Railroad, it enters Norfolk, has
hst1,r AL. g.. 4 r.
road The latter, which runs from Nor
folk to Danyille, is reported to be i'm |
bad physical condition. and has prob
ably been chearly acquired. The stock |
was owned by B. Newgrass, of LONDON |
Charles O. Raines is general manager.
The Carolina Northern is now engaged |
In the construction OF its line from, |
L,ianberton to Marion, S. c., which will |
oren UP valuable cotton and timber /
districts Its lumber COMPANY. If Is |
stated, will erect a large planning mill |
at Lumberton.
The action Of the Florida Legislature |
in passing the anti-scalping bin and the /
prompt signing of the bill by the Gov |
eriior places IN effect in that State a law
which will prevent the sale of railroad |
or steamship tickets by any person other
than regularly authorized agent Of thn |
transportation companies. This law i |
similar to the laws row in force in New
Jersey, Pennsylvania, Indiana, Illinois
Minnesota, Montana, Texas and Nortb |
Carolina, and it is similar IN c.haracter |
to the anti-scalping bill which passed
the House of Representatives In the
fiftyfourth and fifty-fifth Congresses.
and failed of passage by the Senate
because of the extraordinary legislation
made necessary by the war.
The Atlanta Constitution says:
The Seaboard Air Line has started a
surveying party from Augusta to run
line to its road at Athens, shortening
the distance between this city and Au-
gusta. Next week the application for
charter will be advertised in each county
through which the road will run.
The name of the line will be the
Chattanooga, Augusta and Charleston
Air Line. Its incorporators will be:
Goodwin Rhett, George W. Williams.
Jr., c. Walburn. w. b. Chisholm, Char
lesion, s. G..
Thomas w. Alexander, Boykin
Wright, ]. d. Dawson, Paul Muslin,
Charles $. Heard, james II. Jackson.
Augusta, Ga
"A survey has been made from Angus
TIA to Charleston.
There is reason to believe that the
road will be built from Athens to An-
gusta and on to Charleston Between
Athens and Augusta there is some good
farming territory without convenient
railroad outlet. From Augusta to Char
lesion the territory is not so good. From
Athens to Charleston construction would
be very expensive. The State of Georgia
would probably be willing to sell the
Northeastern. which extends from
Athens to Lula, thirty nine miles,"