Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1899-04-28
SOUTHERN BUYSA,&D,
1T is Reported 10 Have Secured
The Line This Week.
IDEAL BELIEVED COMPLETED.
The Price Paid for the Road Is
NOT Announced.
G. 4 O., SOUTHERN, n. & w. COMBINE
IL IL Reported That the Three syss
TENS Have Becn United or VIM ~
An Agreement as to Soldier rraSs
fic-Raiiroad Notes.
,. 4 o., SOUTHERN. n. & w. coNssxn

Intense interest was createc IN ra1lroaU
circles yesterday by tho announcements
that tho Atlantic and Danviils railroad
had been purchased by the Southern.
Though not confirmed by an Official OF
either road. the authority upon which
| the statement that the deal had boon con.
summated was made did not admit OF the
| report being questioned. There seems No
doubt whatever Of the sale. An agree
| ment between the Representatives OF the
| two roads was reached In Norfolk this
week
The Norfolk correspondent OF the DIS.
patch wired last night that the rumos
| could not be confirmed. owing to the alb
| sence from the city OF the Atlantic and
Danvllle officials. who were believed to
| be in New York on business pertaining
TO the sale.
The price paid by the Southern was not
stated. 1t is probably not extremely
large. as the road has never been regard.
ed as especially valuable property. Tho
object which the Southern had i'm view
in making the purchase is not stated, and
is hard to see II already has a deep
water terminus at Norfolk The South
ern's line from Norfolk is practically
paralecd by the Atlantic and Danville
for long distance II may be- the inten-
| ton TO carry freight from north Of Dam
vile to Norfolk for shipment by steamer.
instead OF to West Point via Richmond.
though such seems hardly a sufficient
| object to warrant the purchase.
The Atlantic and DanviIlc extends from
Norfolk to Danvile distance OF 2o5
miles. There Is a branch line. narrow
gauge. running from Claremont Wharf
| to Emporia. a distance OF hfty-nye miles.
Work is now I'm progress on an extension
OF the road from VlrgiIina. in Halifax
| county, TO rich copper-mines in Person
| county, y. c.. fifteen miles distant IL
| was the intention 10 construct the road
| still further. to ,COlumbia, ). c., the ter
minus OF the Southern. Possibly this will
not now be- done.
The Atlantic and Danv1le was con-
| structed almost entirely by the capital OF
Mr.. b. Newgass. Of London, the president
of the company.
There IS report 10 the effect that the
| Chesapeake and Ohio the Norfolk and
Western, and the Southern have about
| formed combination. 1t is stated on
good authority thar options on the stock
| OF these companies have hren secured AT
figures considerably above the present
market price.
Tho combination is said 70 bs not par
ticularlv difficult TO make. as large
| part of the securities arc owned by per-
sons already associated IN other ways.
The union OF the three roads would
make one Of the strongest railway COM
binations ever known In this country.
The report Of the formationNof such COM
bination will IL IS said, soon be officially
confirmed.
The lines running north from Augusta
and Savannah recently entered into an
agreement to the effect that there should
be. as far az possible. a fair division or
the business Of carrying north the SOL
dlers which are being mustered out. AS
a result. the competition between tho
numbcrless passenger agents or the rodds
| in Macon and Savannah was at least re-
duced 20 the minimum, II II did not cease
| The roads have all done well. Indeed.
| the business Of hauling troops has fur
nished them a rich harvest.
Captain c. NJ. Westbury. travelling pas
seneer agent of the Southern, returned
Yesterday from Augusta, Ca, where he
| had been for several weeks making GER
| tain that his road got Its fun share Or
| the soldiers. He says IL got II.
The lslst Indiana. to be mustered out
AZ savannah. will pass through en- route
| 20 Washington Saturday. There II VIII be
delivered 10 the Chesapeake ana ONO TO
| be taken home.
General Manager Stevens, OF the Chesa-
neake and Ohio, has returned from re-
cent visit 10 Hot Springs, and Journey
L Nnrfh.