The times. [volume] (Richmond, Va.) 1890-1903, 1899-10-20
NOW PRESIDENT
OF THREE ROADS
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lar railroad at Columbia. Is being laid with
SO-pound steel rails. The new bridges.
which are being constructed. are all Of
steel and are adapted 10 tho use 0f the
heaviest locomotives and the fastest trains.
The new projected lines OF the Seaboard
System from Charleston to Augusta, ana
from Augusta 20 Athens. are now being
surveyed. Several corps OF engineers are
busily engaged i'm the work. and nothing
definite will be- given out in regard TO this
new line until this preliminary work Is
completed.
If this new projected road should be
constructed the Seaboard besides being
the shortest line by about loo miles. be
tween Washington and Tampa and cuba,
will have the greatest advantage OF
operating its own rails for the entire dis
lance between the cities Of Atlanta, Ca
and Augusta. Ga. Atlanta and savannah,
Ga. Augusta and Charleston. $. G., Au-.
gusta and Athens. Ga. Boy shorter routes
than any now existing between the I'M
portant cities mentioned.
CONSOLIDATION SOON
The consolidation Of the SeabOard Air
Line with the Florida Central and Penin-
sular railroad. and the Georgia and Ala
bama railway. will probably take place
between now and the first Of January
This new system. including its projected
lines. will embrace about 5000 miles of
main line OF railroad. exclusive Of second
track and sidings This system also con-
trolls the Baltimore Steam Packet Com
pany. which for the past fifty years has
been operating the principal lines OF
steamers on the Chesapeake Bay between
Baltimore and Old Point Comfort, Nor-
folk and Portsmouth
oil Of
roads comprising this system Is less than
that of any other system Of Ike impor-
lance i'm the United States. Tho present
combined bonded indebtedness per mile Of
the Seaboard Air Line. Florida Central
and Peninsular railroad. and Georgia and
Alabama railway Is. I'm fact, less than one
half the debt per mile Of the southern
railway. about onc-third of the deot per
mile of either of the Louisville and Nash
vile. the Mobile and Ohio. the Norfolk
and Western or the Chesapeake aud OHIO
railway.
ITS OWN TRAINS.
The new system Will operate its own
trains from Washington. the capital OF
the nation, through the capital cities Of
six South Atlantic and Gulf States. Rich
mond. Va, Raleigh. ~ c., Columbia, s.
c.. Atlanta. Ca, Montgomery. Ala. and
Tallahassee, Fla. IL will take in every
important seaport from Baltimore TO PEN
sac0la. including Norfolk Wilmington.
| Charleston. Savannah. Fernandina and
| jacksonville. on the Atlantic, and Tampa,
/ Cedar Keys and ST. Marks on the Gull
of Mexico. reaching also the important
| interior cities and towns Of Durham, Wei
! DON Henderson and Charlotte y. c.;
| Chester. Canton, Clinton. Barnweu, $. c.;
| Augusta. Athens. Columbus and Albany
| Ca. as well as the leading places through
out Florida.
Among the cities and winter resorts
which will DE reached via the SeabOard
| Line from New York and Washington
| by shorter routes than by any other lines
are: jacksonville, St. Augustine, Palm
/ Beach. Miami. Tampa and Fernandina.
| Fla: Raleigh and Southern Pines. y. c.,
! Columbia. 5. c.: Athens Ga, and inter-
mediate points.
SUCCESSFUL ROAD.
The Seaboard and Roanoke Railroad
| Company. the parent company OF ms
system. has been in successful operation
for more than fifty years. and has never
! been through a receiyership, or required
| reorganization; for many years past u
| has been paying guaranteed dividends
ON stock, and In one year paid -
per cent dividend on common stock III
| scrip worth considerably more than par.
| The fiscal year just closed has been the
most successful in fits entire history; the
/ several roads which will take part In the
/ consolidation made a magnificent show
ing for the past year. The aggregate
surplus after paying interest on bonds
has amounted for the present year to
nearly 100 per cent more than fixed chars-
es. That these roads should make so
magnificent showing while operated
separately and before they have begun
ia reap any Of the advantages OF ln-
creased business. and Of the economies
I'm operation which will necessarily re-
sult from the consolidation, certainly
/ promises We'll for the future.
All of the roads comprising the new sys-
tenn. which is about TO be perfected are
controlled I'm Richmond and Baltimore
and are managed entirely In the south;
i'm fact this is the only large system in
| the Southern states which is owned and
managed by Southern men residing In the
| South.