The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1899-08-15
OUR NEW RAILROAD
The Raleigh and Eastern
Railway.
CHAR TER GRANTED TO 1T
WIFI. NOT GO no SPRINGHOPE
WILL NOT GO TO SPRINGHOPE
YET AWHILE.
MR.. BARBeE SAYS IT Will Be BUILT
The Eastern Terminus Of The Road Will De-
p.nd Upon Conditions and Questions
Veto bs Settled by Surveys
and Investigations.


The Secretary of State yesterday in
corporated the Raleigh and Eastern
Railway Company.
The purpose of the corporation Is 10
construct a railroad from Raleigh to or
near Wakefield in Wake county, or 70
or near Earpsboro in Johnston county
The length of the road will be twenty
miles. $4,000
The capital stock is fixed at S100,0OO,
divided into shares of par value OF Sloo
each.
All the rights and powers contained IN
chapter 40 of the Code are conferred
upon the corporation and the acts of the
General Assembly amendatory thereto.
The incorporators are: j. 5. Carr, II.
r. Barbee, G. b. Barbee, John Calling,
Herbert Jackson j. II. Ferrall, Ed. Ill.
Lee, j. b. Pearce, julius Lewis, mos.
Pescud, William Boylan, w. A. Wyatt,
7. B. Crowder, \. NJ. Rand, Nj. I. Nor
ris, w. G.. Norris, J, w. Barber, Z. q.
Latta. w. NJ Russ, w. II. Hood, w Il.
Jones. John w. Gross, b. +. Montague,
John Stronach, j. b. Hill, Frank Stron-
ach. L. III. Briggs, Joe S. Correll, n. w.
West and Armistead Jones.
The directors of the corporation for
the first year shall be ]. s. Carr, e. b.
Barbee. C. b. Barbee, 7. b. Crowder.
John Calling and Armistead Jones.
The officers of the corporation in addi-
ton to the board of directors shall be
a president yice-president, secretary
treasurer and superintendent or mana
ger.
First meeting of the corporation viii
be held at the office of Armistead Jones'
in this city, on the 10th day OF August,
1899, at noon, at which meeting the
officers will be elected. Annual meet
ings of the stockholders thereafter will
he held on the second Tuesday IN August
Of each year.
Mr.. e. b. Barbee, one of the promo
tiers of the Raleigh and Eastern Rail-
road Company, was seen yesterday and
asked about the project TO build the
railroad, of which the News and Obser-
yer spoke on Sunday morning:
''In the main, remarked Mr.. Barbee,
'sthe report in Sundays paper was corr
rect. 1t is net, however. the purpose of
the corporation to build the railroad from
Raleigh to Springhope. We are going
in the building, equipping and operation
of this railroad strictly upon business
principles and as a business enterprise.
We propose to build and equip a RAILROAD
beginning at Raleigh, or at some point
near Raleigh, and extend on to some
point in the timber section of the East
ern part of the county near the Nash
county line. We know that this is one
of the best rural sections in North Caro-
lima, and if our information Is correct it
is abundantly provided with timber and
such other resources as are calculated
to make the operation or local rail
road profitable TO the owners and or
mutual advantage to Raleigh and to the
section of country through which the
road will run.
Those of us who have been doing
business in Raleigh for years know that
the best trade that comes here comes
from that section. 1t is one of the best
farming sections in the State, the peo-
pie are well-to-do, industrious and pros
porous, and those. of us who are pro-
noting the new road think that we know
a good thing when we see it.
Our charter, as you will notice. calls
for the construction of a railroad to be-
gin Mt, or near Raleigh and to extend
to some point at or near Wakefield,
Wake county. or Earpsboro in Johnston
county. That's just what we mean.
THE Eastern terminus OF the railroad
will depend upon conditions and ques-
lions that will be settled by the surveys
and further Investigations.
These little details will be decided
as we move along with the scheme.
Only one thing has been decided upon
so far and that is. that we are going
to build fhe railroad
How do You propose to come into
Raleigh and how about your connections
here!"
THAT is another detail that must be
arranged hereafter. We don't antici-
pate any trouble along this line. There
are several ways to get as good thing
as local railroad into as live town as
Raleigh
'''And what about connections at the
other end of your liner
''Oh, well, we believe that the best
connections we could make would be
to connect with RATS of timber on Little
River and Moccasin Greek and make
general traffic arrangements with the
farmers, merchants and others of that
SECTION of the country who need, and
we believe will duly appreciate, railroad
facilities
when do you propose to begin
work.
1--WE are already at work and I don't
think work will be suspended. There
are, however, a good many preliminary
things to do before we begin shovel
ing dirt. We hope to have all these
preininaries arranged in a short time =
CIrAHE INTO vn91p cIInIrS