The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1899-03-15

,;s, - entering upon a pc
ou VI most wonderful industrial dcvel.
'e"' tnan does the healthy condition
F" ''s railroad properties and .be
prospect of their great expansion by
ny" construction during tho pext two
sea,s. III the number of charters GRANT.
-; =. 'he recent Legislature he any in
H; .s' the closing years of ,ba
ne'''.iitii century will see an eno,,mous
ai.ce IN the business of collecting
;ai,saifg and distributing merchandise
~ ,r snts state and thfG entire South.
al, he Jaws OF North Carolina for 1899
va, SNOW fourteen new roads chartered
nv ne charters of as many more
$50. majority OF the new roads are. to be
SURF snort lines constructed with n
VIC" 10 developing some particular seq
uoii or industry, but at least three win
.olhplete great through lines. AMI .reli
me shortest and most insignificant Of
une proposed roads are to no built
With tiie end in view Of ultimately being
iiiaue feeders of some great railway
system.
THESE signs point to North Carolina
,'s. one OF the States where there must
ne great activity in railroad building.
NO state presents better inducements
LOT investnant of capital in this way.
nere IS nom of her sisters
whose geographical position is
more favorable and few in which
paying roads may be built with so
small an investment of capital. Pepe-
!rateu by three great systems running
III aii directions. NUMEROUS short roads
may De Dtllt connecting with these and
thear branches, and thereby open up
large areas rich in agricultural mineral.
ullber and other resources, which have
been scarcely touched and are simply
wanting the highways to market to put
on life and hum with industry.
Inc development of railway systems
southwark is manifest destiny.
Freight viii naturally flow along the
line of least resistance to the nearest
shipping port.
The natural outlet of the Northwest is
and has ever been the Southern ports
Wilmington, Southport, Savannah, Port
Royal, and charleston with their deep
water harbors.
1t was only accident that ever took
traffic from St Louis or Cincinnati to
New York and even now train loads
of wheat, corn, cattle. coal and merchan-
disc find cheaper passage tot the South
Atlantic ports than to the rilore North
.,lixam. causiassrion ee.saess facts. to-
gether with the opening up of the Span
ish possessions south of us far seeing
and capable railway managers have
evolved great railway system by which
the Northwest may have direct
outlet for its produce in Southern rather
than Eastern outports.
This SYSTEM is to be known as the
Black Diamond Company and is to be
formed by the purchase OF old lines, the
building of new ones, the consolidation
of uroperty thus forming an extensive
TRANSFORMATION company that will greatly
facilitate the movement OF Western pro-
duce.
OF the roads chartered by the Legisla-
ture the Black Diamond system IS per-
hans the first in Importance. certainly
rho first in mileage and wealth.
II is hacked by English and Ameri-
c,n c.nitalists who have bought up a
number of roads and are constructing
others 70 complete one great through
system from the Northwest to the sea
or. Ia. he more exact. from ONO ana IN
diana through Kentucky, Tennessee, and
! south Carolina to Port Royal, ON the
South Atlantic coast.
Tba. charter granted TO this system by
the Legislature of North Carolina IS q
ann,;cate Of the, great charter of the
Pennsylvania Company, winch company
now controls upwards OF S.ooV miles oil
railroads.
rio comnanies and corporations com
.:a;,,a tho Black Diamond System OF
railways will be:
I'VE Columbus Junction terminal
md Relt Line columbus. % 1T
. The Columbus, Ohio River and
Tidewater ~
. The Ripley-Doyer Bridge ana
CINCINNATI Terminals .......: ut
1he Dover-Ripley Bridge ana :.
Terminal ....s.s. -.....,' 81
/, The Dover, Kentucky ana south =
Atlantic !. $3.50 ~. H.
9 The Client, Cynthiana ana lide- M
water ......... -,
The Ohio River, Knoxville ana -,
Underwater ,,,., ~
Z rrha Knoxville Junction Iernilhal
.,d Relt Line. Knoxvllie' Iehh.l ..
The Ohio River, Franklin ana :.
T'i.lewater =,
~ The Ohio River. Clayton and =
Tidewater 49,. .a...e,a,, a,d
n. The Ohio River Ahuefson anu 90
Underwater ......' III.
- The Anderson Cotton ben' ..
Anderson, S. Co.. , ;..,..''.,
~ The Ghent-Vevay Bridge ana -
Terminal 1890 w. ana
"a The indianapolis, Vevay ana 90
Tidewater -: ~
:, The indianapolis Junction Ter
ninal and Belt Line 'ihuiah'ipo- q
lis. Ind
~ Thc yincennes, Vevay ana 90
South Atlantic :,,:. -. : . ~
~ The Vincennes Belt, Vincennes' !,
Ind $3.50.
r mileage of main arteries. 80
fatal otai mileage of belt and termi -
c.ond total of mileage being pre-
Jared for construction ........' 'o''
when the Black Diamond Company
,oaaIlv chartered then all the roads Q
the black Diamond System OF Kaliway'
hnt,, as organized. will pass the control
mo stock Of each corporation over to tn
,rooSurv Of the Black Diamond tol