Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1899-08-15
SOUTHERN NAY BUY THE y. q W.
Is said to BE Quietly Picking Up
Stock-RaiIroRd News.

The prediction was made by a railroad
man OF this city last night that in a
years time. II not sooner the Southern
railway would own the Norfolk and West
ern.
lie stated that within the past two
months the Southern had made purchases
OF Norfolk and Western stock which
made its total holdings of these securi-
ties aggregate Sl1OO0.000 The fact does
not seem TO have been generally noted.
but for some time the Southern has been
quietly taking in the stock of the Norfolk
ana Western.
The Southern Is said to be DESTROYS OF
getting into Chicago. The Norfolk and
western now owns its tracks from Nor
iolk 10 Columbus. Allied lines take it
into Chicago and beyond. The Southern
Is doing wonderful passenger service bv
means Of its Washington and Southwest
ern limited from New York 10 New or
leans. III Il had the Norfolk and West
ern IL could do an Immense business from
mat section south either Via Bristol or
Lynchburg.
President John Shelton Williams. OF the
seabOard Airline. returned YESTERDAY
IRON business trip 10 Baltimore. Mr..
william spends considerable time i'm Bal
tlmore. the syndicate which controls the
Seaboard being headed by the house Of
John l.. Williams a. Sons. Of this city
ana Middendorf. Oliver q Co. of Balti-
There IS lite or no doubt that Mr.. WI
Hams Will head the great system which
VIII be formed when all the properties
OF the Seaboard Airline shall have been
consolidated, meeting Of the stockhold-
ers OF the Raleigh and CASTOR Railroad
company Will be held at Raleigh y. G.
September 9Th 10 consider the terms and
condluons upon which that property may
consolidate with the Seaboard and Roa-
nOke. the Raleigh and Augusta Air-Ldne
She carolina central, the Georgia, Caro-
Una ana N@thern. the Durham and
NoltheIn. the Roanoke and Tar River.
anu the LOu5sburg. Also. TO take any
other action chat may be necessary or
eApedlent IN Che exercise Of the powers
given TO the Raleigh and CASTOR Railroad
company under the act of the General
assembly OF North Carolina, entitled
an act To amend the charter OF the Raj
ssgh ana CASTOR Railroad Company, and
70 authorize the said Raleigh and CASTOR
Railroad Company 10 consolidate with
other railroad, transportation. or other
companies, or 10 lease or otherwise ac-
same
These properties comprise the Seaboard
Airline system, but maintain separate
corporate existence. The consolidation OF
these roads IL preliminary 10 the fOrma-
ton OF the SeabOard Railway Company,
which Will include the Seaboard Air Line
system. the Georgia ana Alabama Rail
way Company, the Florida Central and
Penlnsular Railway Company, and the
sOelh Dounu railroad. Inc llndncldI Qe-
tais are being arranged by MessrS. John
skelton Williams. of this city, and j.
William Middendorf, of Baltimore.
Work upon the various extensions is
progressing rapidly. and il Is expected
that the lire between Cheraw and Colum-
bia. $. C.. which will connect the Sea-
board Airline and the Florida Central
and Peninsular. will be In operation by
october LIST. The line from Ridgeway, y
G. 10 Richmond Is under contract, 10 be
completed by January J. 1898, and the
work rs progressing rapidly.
Bids have been solicited for contracts
Tor the removal OF the buildings and other
oDstrucuons on the right OF way OF the
Richmond. Petersburg and Carolina from
the james. at this city 10 the intorSec-
ton OF the Richmond, fredericksburg
ana Potomac railroad near the Hermitage
road. The work viii probably begin with
In NE next week or two.
Though General Manager George W
Stevens. OF the Chesapeake and Ohio has
hoi yet been rendered the position OF first
Ncf-piesldent and general manager II
The New York. New Haven and Hartford
road. there Is a genera. belief I'm railroad
circles that Il VIII be rendered him n Is
TACT that while Mr.. Stevens has not re-
cL.Nen The Vrer. and readily saws so. no
o'lNiol OF The northern road has been
found who viii say that the Chesapeake
ana pho general manager VIII not re-
cove ne louder Of The position