Yorkville enquirer. [volume] (Yorkville, S.C.) 1855-2006, 1899-12-20
THE G. & NV. II. r.

The meeting of the stockholders oil
the Carolina and North. Western rail.
way at Gastonia, N. G., last Friday,
held for the purpose Of transferring
the property to what is, for want ol
more specific information, designated
rs the Barber syndicate" accomplish
ed its object without the least friction.
Upon the surrender of authority by
the old administration, Mr.. w. A.
Barber was elected president of the
company, aud Messrs. J. A. Marlin,
George A. Gray, J. F. Wallace, ]. l..
Agurs, w. Holmes Hardin, It. H.
White and ]. H. Marion, directors.
The president and directors chose Mr..
J. J. McLure, of Chester, as secretary
of The board, and Mr.. L. T. Nichols,
the former superintendent, to be gen.
eral manager. About all that we are
able to gather as to the identity of the
new owners of the property or their
probable identity, is contained in the
following Gastonia correspondence of
Friday to the Charlotte Observer:
at is not publicly known by whom
the stock was purchased but it was
bought up by the new president, Mr.
Barber, representing the purchasers,
and it is understood the money was
furnished by Charleston parties and
Mr.. Crawford, the noted corporation
lawyer. Nearly three-fourths of the
old stock has passed into the hands Of
the new owners, and they have bought
most of the bonds. Mr.. Barber, is
former attorney general of South Car
olina, now residing 10 New York city.
He says it is the purpose of the new
owners to commence work at an early
date to broaden the gauge of the road
and make other valuable improve
ments."
1t will be observed that in this there
is not single definite statement or
promise. While it is understood"
that money with which the controlling
interest was purchased came from
Charleston, even that is not stated as
fact, and while it is the "purpose"
of the new owners to commence the
work of broadening the gauge at an
early day, they do not actually prom
ise to do anything of the kind.
There have been rumors connecting
this railroad company and that rail-
road company with this property and
its future developments; but there has
been IL, thing definite. There may be
a New York syndicate behind the
scheme, there may be railroad syn.
dicate behind it, and there may be only
a number of progressive and intelli-
gent local individuals, who, realizing
what a good thing was offered, have
had the nerve to take advantage of it.
For instance, it will be observed that
of the new hoard, of the seven direc-
tors, four ia majority and the presi'
dent of the company, are Chester men.
This may mean that the principal sig
nificance of the transfer will be the
operation Of the road hereafter in the
interest of this end instead of the in
terest of the other end as heretofore.
But as TO whatever may be the
meaning of recent developments makes
but little difference to the people OF
this section. They hope to see the
road, OF course, change into standard
gauge and extended. If this is not
done, they hope to see the present SER
vice improved as much as possible,
and SO long as the management con-
tinues to do the fair thing, whether
he majority of stock be owned in New
York or Chester, the people will give