The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1899-03-15
N6WRallr0ad8C Chartered
a 0KEAT ERA OF ROAD BUILDING
IN THIS STATE.
a through Line From the Northwest to the
oea-Opening Up the Coal Fields
Line North and South.

or the above only the Ohio River,
Franklin and Tidewater division will
| run through North Carolina
This was duly incorporated by the
| Legislature of North Carolina. with the
| following persons named as incorpora-
tors: Hope Elias. Il. Everett, D. Dehart
/ John 7. Cunningham. \. l.. Barnard. X.
| l.. Porter. J. f. Ray. +. S. Johnston.
w. \. Altman, John L. Berry. John N
Hall, S. J. May. ]. j. Smith. A. 4.
| Brabson, A. T. Munday, ID. W. Pm
land and John Gray, all of Macon .fand
Swain counties; and J. l.. Tribbk. p.
| X. McCully. j S. Fowler. w. II Cox.
J. +. Breaszeale, II. S. Ligou( II. c.
, Strother, ]. ID. Maxwell ANDY Il. T..
Jaynes of Anderson, $. G..
The principal office shall DE at Frank
lin. Macon county.
qhe Ohio River. Franklin and Tide
water Railroad Company is empowered
to build and maintain railroad which
shall connect with and be continual
ton of the railroad Heading from Knox
vile, Tenn, so as ITO run through Chill
howe Gap and through Swain and Ma
con counties, via Franklin and thence
through Rabun Gap into Georgia TO con
meet with the ''Ohio River Anderson and
Tidewater Railway Company" The CAPT
tai stock of the corporation is fixed at
S1.000000.
Next in Importance to this. and doubt
less of even greater Importance in the
developlGent of the State, is the North
and S4hth Carolina Railroad which is
III CTS North Carolina from north to
soutfk the northern terminus to be Nir-
giiD Il. OH the northern border of Hall
fax county. Va, and the southern end at
Colombia, s. c.
The corporation of the North and
South Carolina Railroad is authorized
Ny the terms of the charter to construct
and operate railway from Virginia to
Columbia. a distance of 10 miles. 1t
will traverse the magnificent copper
belt, district, in which are located the
Blue Wing and Yancey mines recently
purchased by Boston capitalists. who
are spending large sums in developing
their claims. The counties through
which the new road is projected include
Randolph, Alamance, and Arson, where
cotton manufactures have been estab-
BILE for textile production.
The claim was made by promoters of
the road that the copper-mines and cot
ton factories alone would furnish a pay
ing tonnage, and that the new line would
neither parallel nor come in competition
with any other road. The North and
South Carolina Railroad, they said, was
for the development of new country,
and its construction was advocated as IL
commercial necessity in d region of the
Old North State that in the last few
years has assumed industrial importance.
1t now develops that the road is really
intended to connect the atlantic and
Danyille road and the Plant System.
The idea is TO form Il link across North
Carolina that will give a system in com
petition with the Southern Railway,
the Seaboard Air Line and the Atlantic
Coast Line. Mr.. r. Newgass, of Lon
don. the owner of the Atlantic and Dan
vile, and Col Henry s. Haines. of New
York. formerly vice-president of the
Plant system, are credited with being the
prime movers i'll the new road are said
TO be heavily backed by English capital
lists, other than Mr. Newgass.
1t is estimated that it will take So
100000 TO build the 10 miles of road.
Its promoters declare they can easily
command that amount for their purpose.
AT the meeting of directors of tile At
lantic and Danville in Norfolk Saturday
the matter was discussed. / am told.
and yesterday the stockholders of the
new company North and South Carolina
Railroad Company met in Norfolk and