The semi-weekly messenger. [volume] (Wilmington, N.C.) 1897-1908, 1899-09-08
The SeabOard Air Lines
Proposed Route.
THREE HUNDRED MILES,
The Cut To be Made In Distance ~
Tampa-Their New York Co Tampa
Route to be Opened by January Next.
All Roads OF the system Ca be Consoli-
dated as the seaboard Hallway Coma
pany-rhe Raicigh aud CASTOR De.
clares for Consolidation.
Especial to The Messengcr)

Raleigh, " c., September s.-The
stockholders OF the Raleigh and CASTOR
railway met here this afternoon. 1880
shares out OF $1,000 being represented,
and unanimously and without any Oh
lection ratified the consolidation with
the other roads 10 form the Seaboard
Air Line.
President John Shelton Williams made
a few remarks.
Mr. Middendorf, OF the Baltimore
syndicate, and others. left for Atlanta,
on a special train tonight They say the
road from New York TO Tampa viii be
in operation by January lst, and wiz
shorten the distance ll0 miles. There
is plan 10 extend the line in year to
the most southerly land in Florida and
thence operate steamers 10 Cuba and
save 800 miles between New York and.
Havana.
(By Associated Press)
Raleigh, n c., September GA gem
| eral meeting OF the stockholders OF the
Raleigh and CASTOR Railroad Company
was held here this afternoon In the Of
flee OF the company. 1t was decided
ter granted by the last legislature au-
| thorizing consolidation OF the various
| branches OF the Seaboard Air Line In
| this state.
The consolidation Of these roads is
preliminary TO the formation OF the
Seaboard Railway Company. which VIII
| include the Seaboard Air Lane system,
the Georgia and Alabama Railroad
Company, and the Florida Central and
| Peninsula Railway Company.
| Consideration OF other matters re-
| ferred to in the call-terms and condi-
tons of the consolidation and Increase
: of the capital stock-together with "a.
questions growing out OF the consolida-
ton, was postponed till September 9Th,
when another meeting will be held here.
A resolution was passed rattfying q
| subscription OF about $3.50, 900, which had
been previously made TO the Chester
field and kershaw railroad, and au-
| thoriZing further subscriptions to tho
stock OF this road, not To exceed
| 81, 600. 900.
| The financial plan was not discussed
and it is understood that II has not
been definitely determined The amount
Of stock and bonds to be issued. II Is
certain, wifi be smaller than any rail-
road system in the south. This is a de-
tail that will be fixed at another meet
ing, to be held here on September 9th,
as will also the scale OF value OF stock
in various roads to be consolidated.
Each stockholder in any road now own
ed by the Sea!board Will be given In
exchange for his stock-stock In the
consolidated road-the amount to be
fixed by a scale Of values yet TO be
adopted.
Among the stockholders present at
the meeting were President John Skel-
ton Williams, of Richmond; Vice PreA-
dent ST. John, Of Portsmouth; J. WA-
liam Middendorf of Baltimore: John M
Sherwood, of Portsmouth; Leigh r.
Watts, of Norfolk, and Messra McGnl
and Leavenworth, of Petersburg. They
came in on a special train. arriving
here at 3:45 o'clock. They left at
o'clock for Atlanta, where a meeting OF
the stockholders OF the Georgia, Caro-
lima and Northern railroad will be held
tomorrow. From there they win go &c
Augusta and thence to Charleston.