The times. [volume] (Richmond, Va.) 1890-1903, 1899-09-01
A. < D. LEASED
BY TIE SOU THERN
The Deal Was Confirmed at the
Meeting Yesterday.
A BIG ADVANTAGE GAINED.
The New Road Gives the southern
Practically Double Track Be
tween Norfolk and Greensboro
and Charlotte, y. G.
A BIG ADVANTAGE GAINED.

Times the Southern railway has leased the
Atlantic ana Danwuo railway and VII
operate that road as o part OF It's own
system In future. TIE lease Is practically
purchase. as it IS for period Of ninety
niao years with the privilege OF renewing
the lease a the expiration Of that period.
The now property will BE quite an ac-
QUESTION TO the Southern railway system
and VII command the railroad situation
in rich agricultural and timber uIri-
tory. besides preventing competition whicn
might have otherwise been forced upon IT,
Al "a meeting of the stockholders OF ne
Southern Yesterday morning az 10 O'Clock
held in tho general Offices of the company
in The Times building. the lease was con
irmed. A large majority of the stock OF
the Southern was represented either ln
person or hy proxy Mr. Fairfax Haui-
son. Of Washington y. c.. solicitor Tor
tho Southern. presided over the meeting.
80 business was transacted beyond the
confirmation of this lease.
The head officials Of The Southern m0de
final inspection Of their newly acquired
property yesterday. They went over the
cuurc line of a special train.
A GREAT ADVANTAGE.
There are good reasons for the
dsal which are greatly 20 the advantage
OF the Southern. 10 is a well known TACT
that tho freight traffic 20 and Tom Nor
folk and the South. as well as between
Norfolk and Lyuchburg and northern
points is quite heavy and is rapidly IN
creasing. BY controlling the Atlantic anu
Danvile route the Southern can cut OF
about IS miles between Nori"t ana
Greensboro. y. c.. and thence TO South
the work Of harglng traffic from Pinner's
point 10 Norfolk billed for points south
NJ Greensboro. The distance from SCUM
erD points 10 Norfolk will also be short
ened and practically a double TRACK
system will be established between Nor
folk and Greensboro and Charlotte. y.
c. 4 Quick rot te between Norfolk and
Darviie LynchDurg and points iur'her
north VIII also be established.
II IS understood that the Southern VIII
at once commence the Improvement Of
the Atlantic and panviHe railway, both
the road bed and the rolling stock. Bet
ter schedules VIII soon be esta iished.
STEADY PROGRESS.
The fifth annual report Of the South
ern Railway, attractively printed ana
presenting I'm good form the excellent
showing Of its great transportation sys-
tenn. has iust been issued. In almost
every desirable direction the figures note
an Increase over those for the fiscal year
that ended June 30. 1890 The number OF
miles of road operated has increased from
b2ll67 70 595S 6S-while the gross earn
ings from operation have increased the
handsome amount of $A2IaI32 hav-
ing been S2l. 095 $3.50 in 1888 and Sl5.5o5.-
es6 On FOR the fiscal year just closed These
amounts will probably prove very salts
factory 70 the Stockholders. for al
though the operating expenses naturally
increased with the increase i'm transpor-
tation. the net earnings last year were
s7sg7. 5000. which is an advance of 81 4yS.-
$50 20 over the previous year
IL is apparent that the management
has not been derelict in providing new
equipment for the transportation of mer-
Chandse and the accommodation OF pas
sengers. The sum of $791329.76 was eX-
pended for new equipment including,
among other things. l2SS freight cars.
six passenger cars, and fifteen locomo-
tives. The magnitude OF the southern
Railway and the vast amount Of capital
invested are shown, for instance. by It's
ownership Of 16i locomotives. 6S2 passen-
ger cars. % 9l2 freight cars and 446 cars
used solely for the road service The
company has contracts for the delivery
during September Of % engines. 10 first
class passenger coaches. 1.l0O freight
cars and considerable other rolling
stock.
During the fiscal year the Southern
moved l14353 United States troops. Al
though frequently very short notice was
given. none OF this business was lost
ON account Of failure TO provide equip
ment Sixteen national military camps,
at which were assembled 1862 men,
were located on or adjacent TO the com
panys lines
SOUTHERN INDUSTRIES.
The development OF manufacturing in
dustries in the South ana upon the South
ern Railway Companys lines continues
% De very marked and encouraging.
The greatest activity is in connection
with the iron industry, and I'm the manu-
facture of textile fabrics, but there is
also "a steady growth in diversified manu-
factures including such articles as wag-
ous furniture. agricultural implements
brick and tiles, glassware. canned goods
and leather. The most important devel
opment Of recent years. however, is the
inauguration ON large and substantial
scale OF the manufacture Of Southern
iron into steel by the open hearth or
basic process
An excellent map. which depicts the
network OF roads In tho Southern's sys-
tenn. with terminals I'm Washington Nor
folk Louisville Memphis Greenville
Noble Brunswick and Charleston. S.
C.. accompanies the report
CHANGES TO FOLLOW.
Mr. w II. Taylor. Of Norfolk formerly
traffic manager of the Atlantic and Dan
vflle railway. viii be retained as division
freight agent OF the Southern railway.
with headquarters in Norfolk He win
report 90 SIR j. H. Drake. assistant gem
eral freight agent whose headquarters
are IN Richmond.
Il Is understood that there will be a
number % other changes among the force
Of the Atlantic and Danville division Of
the Southern by reason Of its recent lease.
what these changes Will De IS not vet
known. though q is believed they VIII be
announced shortly
Action az Norfolk.
NORFOLK. va. Aug. Specialize
lease Of the Atlantic and Danvllo railroad
10 the Southern railway wak contaminated
az a meeting here to-day OF the stocSho d
err Of the former.
BY the terms OF the lease tho Southern
taxes charge Of the property az midnight
Of August 81 1899 The terms of the
lease or the time OF its duration was not
made puzzle
Mr. Frank S. Cannon, third vice-Dresi-
dent and general manager of The Southern;
Mr. j. a. Barrett, central superintendent: