The semi-weekly messenger. [volume] (Wilmington, N.C.) 1897-1908, 1899-05-16
RAILROAD COUP.
THE SOUTHERN GETS THE AT,
LANTIC AND YADKIN.

holders OF the W. q W. anu A. H
Railroad Companies Yesterday-Thc
Deal Said to BE to W~ilminston's
Interest.
The adjourned special meeting OF the
Wilmington and Weldon Railroad Com
pan called for Monday, April 10Th,
was held yesterday at noon IN the OF
flee of the company in this city. Presi-
dent Warren G. Elliott presided and
Mr.. James T. Post, Jr.. acted as secre-
nary. A meeting of he stockholders Of
The Atlantic and Yadkin Railway Com
Dany was held about the same time.
Action was taken at these two meet
ines which is of great Importance to the
city of Wilmington, and certainly the
result will be a surprise to our business
men and citizens.
The readers of The Messenger will
remember that at the masters sale Of
the Cape Fear and Yadkin Valley Rail-
way, at Fayetteville, on the 29tn OF
last December, under the decree Of
Judge Simonton, of the United States
Circuit court. in the foreclosure pro-
ceedings, the road and its property
and franchises were purchased by par
ties interested in the Atlantic Coast
Line. Subsequently the purchasers re-
organized the Cape Fear and Yadkin
Valley Railway Company under a cor
poration known as the Atlantic n
Yadkin Railway Company. Since the
purchase the road a been operated
under the new name, " in connection
with the Atlantic Coast Line. We are
informed that it was the intention OF
the purchasers at first to consolidate
the Atlantic and Yadkin with the Will
mington and Weldon railroad, which is
the nucleus road of the Atlantic Coast
Line, n we understand that with a
view to carrying out that plan a
mortgage had been actually authorized
and bonds engraved.
THE SOUTHERN GETS CONTROL
OF THE ATLANTIC. & YADKIN.
Negotiations were started, however,
which resulted in a change of pro-
gramme, and the result of the meet
ings of the two companies yesterday
was that the Wilmington and Weldon
Railroad Company has secured only
that part of the Atlantic n Yadkin
lying east of Sanford and terminating
at Wilmington, while that part Of the
road lying west of Sanford, intersecting
the Southern Railway at Greensboro
and extending to Mt. Airy, passes into
the hands of the Southern Railway
Company.
WILL BENEFIT WILMINGTON.
A prominent official of the Atlantic
Coast Line informs us that as a result
of the negotiations which have brought
about this change Wilmington will be
greatly benefited. We are Nauthori-
tatively advised that it has been made
a condition of this transaction that ter
ritory of the Southern Railway west
n southwest of Greensboro in this
49, -A~ 4o n =
the same transportation rates that may
from time to time prevail from n to
Norfolk and Richmond, and that the
relation of rates as between communi-
ties proper on the line between Will
mington and Mt. Airy, of what was
formerly the Cape Fear and Yadkin
Valley Railway, will not be disturbed.
and that consequently the distribution
of traffic between such communities
will continue as heretofore.
OFFICERS ELECTED.
We learn that the Southern Railway
secured control of it's part Of the At
lantic and Yadkin by purchasing the
controlling interest of the stock, and
tina at the meeting of the stockholders
of the Atlantic n Yadkin yesterday
most of the general offices of that road
rendered their designations and upon
the same being accepted, Colonel A. Z.
Andrews, of Raleigh, vice prisedinet OF
the southern 1LdllWdy, was eieCIeu
president, Mr.. w. w. Finley, of Wash
ington, D. c., vice president; Mr.. F. S.
Cannon, of Washington, genera man
ager, and Mr.. Henry w. Miller, of Raj
eigh. secretary. Mr.. James F. Post,
Jr., of this city, secretary and treasurer
of the Atlantic Coast Line, remains
treasurer of the Atlantic and Yadkin,
and Mr.. w. A. Riach as general an
ditor until the statements of the At
lantic and Yadkin Railway Company,
as it formerly existed can be put into
proper shape to be turned w to their
successors.
The officials named above will have
charge of the atlantic and Yadkin
Railway, which now extends only from
Sanford to Mt. Airy. That part Of the
road from Sanford to Wilmington, be-
comes a branch of the Wilmington and
Weldon Railroad. The Southern will
tax charge of the property at once.
THE TARIFF ASSOCIATION.
limitations have been made that
such a result as stated above was
about to be accomplished, Inc we are
informed that the conference which
took place here during the past week
between the traffic managers Of the
Atlantic Coast Line and the Southern
Railway, on one side, and the Wilming1
ton Tariff Association O the other,
was, in fact, the outcome of these ne
1UR NHS
Tariff Association, of course, were not
in a position at the time to make the
facts known that the transaction was
on foot.
Colonel A. B.. Andrews, of Raleigh,
vice president of the Southern; Mr.. II.
w. Miller, of Raleigh, of that company,
and Messrs. B. F. Newcomer and
Michael jenkins, of Baltimore, directors
of the Atlantic Coast Line, were in the
city yesterday to attend the meetings
above referred to.
An Associated Press dispatch from
Washington, D. c., last night, referring
to the transaction by which the South
ern gets the Atlantic and Yadkin, says:
"A circular issued by Vice President
Finley ~nnounce the appointment of
J. M. Culp, traffic manager, and other
circulars announce the appointment Of
Messrs. W. A. Turk, general passenger
agent, and 7. c. Powell, general
freight agent"
Back From the Reunion
Since Friday every train from the