The morning news. [volume] (Savannah, Ga.) 1887-1900, 1899-04-14
ATLANTA'S RAILROAD DEAL.
NO LONGER ANY DOUBT ABOUT THE
BIG CONSOLIDATION.

BIG con SOLkIBAItONs
Joel Hurt. the Consolidated Mag
nate IL in baltimore Arranging
the DetaiIs-New Company Will
control Ninety-Two Miles of Car
Iines-Negro Gets Five Years for
His CareIesSness-Gen. Gordon
Given Great Ovation.
atlanta. Aprl is.-Two weeks ago the
fact that a syndicate was being formed il
Baltimore to buy up the rival street rail
way lines in. this city was made pubic
an these dispatches.
To-day the local papers, which had APP
parently been asleep over the story, We're
fun of the big deal, which has caused
more commotion in financial circles and in
the public mind on account of the unusual
interest attached to anything involving the
street railway lines, than anything that
has happened in long time.
1t develops that the syndicate has been
completed and the deal practically finish
ed. All that remains to be done is to
perfect the details of The transaction, and
MIR. Joel Hurt, VINO is The genius of the
Consolidated. and the real power behind
the present transaction, has gone to Bal
tmore 10 look after these matters.
The capital of the new company. which
will own one Of the largest systems of
electric lines in the country will he 5000, =
600. with 100000 of bonded Indebtedness.
A majority of the stock will be held in
Baltimore though a considerable plock
will remain in the hands of local people.
Through Mr.. Hurt and the Trust Com
pany of Georgia. which he manages, the
option was secured on the stock oil ooth
companies prior to the closing with the
Baltimore syndicate.
After Light Companies, Too.
Negotiations are still pending for the
purchases of the Georgia Electric LAght
Companys plant, and it is also probable
that the same company will undertake TO
secure control of the gas company. The
gas plant formerly belonged TO the city
but was sold to a company. AT present
the city has a contract with the georgia
Electric Light Company for street lights
If the same company gets hold OF ooth
electric light plant and gas works there
will be a monopoly of the Illuminating
business, and probably tightening OF the
rate screws in consequence.
The lines of the Consolidated Company,
which go into the new deal cover seventy
two miles, while the Atlanta company has
twenty miles, which makes the system
ninety-two miles long, with an equipment
consisting of four power plants and about
1870 cars, the combined lines employing
more than 600 men. The consolidation of
the systems is generally hailed with salts
faction by the people of the city who eX-
pect to get a better service, and so far as
4l. Tod fG
eral management. The Consolidated man.
agement has ever been unpopular, and the
new syndicate is expected to follow new
policy that will make friends with the pub
lie
Negro Boy Given Five Years.
\ negro boy who had a pistol, that he
did not know was loaded" was sent to
the penitentiary for five years by Judge
Gambler to-day.
The boy was Inman Peacock, and the
pistol in the case was the cause of his
fathers death. The fatal bullet went
straight through the old mans heart, as
if it had been aimed there, but the boy
declared that it was accidental, the result
of an effort on the part of father to take
the weapon away from him, and the court
took that view of the matter, instead of
administering punishment for a more Sc
rious offense.
Gordon Given an Ovation.
Gen. John B. Gordon lectured at the
Grand Opera House here tonight on the
Last Days of the Confederacy," TO an
audience in which various elements were
conspicuous.
Side by side, as guests of the occasion.
were old veterans of both the union and
Confederate armies, the Confederate Vet
Grams Association and the Grand Army
of the Republic. while Gen. Carpenter and
his staff officers of the department of the
Gulf, regular army, were present in full
uniform. Gen. Gordon was given an ova-
ton.