The gold leaf. [volume] (Henderson, N.C.) 1881-1911, 1899-01-19
SEABOARD AIR LINE.

Transfer Has Been Made-ln Con-
! junction With the B. & o. and
| Other Connections, it Will Prove
aPowerful Foe to the Penns ,lvania
| and Southern.
| Especial to New York Commercially
ATLANTA. January 1e.-The inside
facts relative to the Seaboard Air
Line deal are now exclusively an
| nounced in the Commercial for the
| first time. One of the strongest in
dications that the purchasers are not
allied with the Southern Railway
| Company is the fact that Thomas +.
Ryan is playing his last card for its
| possession. With the sale of the
Seaboard, Mr.. Ryan, it is estimated,
will lose fully $4,000. as he paid a
| very large price for the 5000 shares
| of stock which he now holds. He has
obtained an injunction to prevent the
transfer of the property. but it is
now known that the transfer was
made before the injunction became
| effective.
The purchasers are all Southern
| capitalists, and not one has close re-
| lations with the owners of the South
ern system. 1t is 'now known that
| the Seaboard will be back of an issue
of $2,500.O0 worth of bonds to be
| floated by the Richmond, Petersburg
and Carolina railroad to complete
| this line between Richmond and a
| connection with the Seaboard Air
Line at Ridgeway, n. c. This COM
pletes the competing system from
| Richmond to Atlanta, Ga.
| From Richmond to Quantico. Va,
the Seaboard has the right to use the
tracks of the Richmond, Fredericks-
! burg and Potomac railroad on equal
| terms with any other line on account
Of a proviso in the charter of the
Richmond, Fredericksburg and Poto-
| mae. From Quantico to Washing
| ton is to be built about thirty miles
of track including bridge over the
Potomac river, which will form a
connection with the Baltimore and
Ohio. Consequently the building of
this link completes the system from
Jersey City to Atlanta, Ga, in COM
Atlantic Coast Line and the Southern.
Another outcome of the deal, ac-
| cording to the best informed officials,
is close traffic arrangement, or the
lease of the Florida Central and
| Penisular, which meets the SeabOard
at Columbia, S. c., and extends to
Savannah, Ga, and jacksonville,
Fla. The Baltimore and Ohio, the
Seaboard and the Florida Central and
Peninsula form a New York and
Florida line, which is two hours
shorter in time than any now in
operation. The Peninsula railroad
is owned by Southern capitalists,
| who are very close to the purchasers
of the Seaboard. H. r. Duvall, its
president, is Southern man, and
intimately acquainted with John
| Shelton Williams, who is to be the
new president of the Seaboard.
The result of the deal can con-
| sequently be summed up as follows:
A combination of the Scaboard Air
Line, reaching from Richmond to
Atlanta, Ga, and entering the cities
| of Durham, Henderson, Raleigh,
Charlotte, N. c., Columbia, S. G.,
| Athens and Atlanta, Ga, and having
| seaports at Wilmington, n. c.,
| Norfolk and Portsmouth, Va, and
Baltimore, through the Old Bay Line,
it's water connections; the Georgia
| and Alabama, railroad, extending
from Savannah, Ga, to Montgomery
with the Mobile and Ohio, by which
| it reaches the coal and iron fields OF
| Alabama, and the city of st. Louis;
| the Florida Central and Peninsular,
! reaching Columbia, S. c., Savannah,
| Ga, Jacksonville, Fla, and the prin-
| cipal winter resorts on the coast
through a connection OF the Flagler
system of railroads. The opportuni-
ties which such combination has
! when it is connected with the Balti-
| more and Ohio and has the advantage
of the Royal Blue Line service arc
| obvious