The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1899-05-09
RALEIGH BOYS PROMOTION.
Preliminary Survey for the Camdcn-Co.
lumbia Branch Complete.

|
The preliminary survey for the Cam
| den Columbia branch of the Seaboard
| Air Line has been completed and Mr..
| Moncure, who has charge of the con
! Struction of the road. tells me work will
begin within il few days.
Mr.. Thomas -. Green, who has for
| several years been the very efficient
| baggage clerk at the Union depot, has
been promoted. He succeeds Mr.
( George Little as clerk in the Southern's
uptown ticket office. Mr.. Little resigns
| this position to become file clerk in the
office of Colonel Andrews, First Vice
| President of the Southern railway. Mr..
George McCullers succeeds Mr.. Green
as baggage clerk.
.ar Thos. r. Heartt, who has been
employed in Col. Andrews office as Il
clerk for Il number of years. is also pro-
NOTED to the executive clerkship. form
erly held by Mr.. Wells, resigned.
Mr.. H. +. Smith, has been re-appointed
city ticket agent for the Scaboard Air
Line. He held this position a year ago,
join the First North Carolina regiment.
when the time came for volunteers.
Mr. Chas. Gattis is appointed clerk to
Travelling Freight Agent Kyle and
Passenger Agent Leard.
The Seaboard Air Line as newly con
stituted is being Financed. and the
financing shows it to he large institu
.;,n A poJtinor, popor sovs.
THE financial plan as far as develop
ed provides for an issue of 1 per cent.
bonds to the amount of between $50
100000 and S40.000.GO0 1t is intended
that the bonded Indebtedness shall not
exceed $4,000 per mile, which. as com
pared with other railroad systems, is
very small. According to the plan UNI
der consideration holders of 100 shares
of Georgia and Alabama will be entitled,
under the distribution of the new securi-
ties to be issued. to $1,000 i'll bonds,
$1,000 in preferred stock and 1900 in
common stock. The Georgia and Ala
bama may be said to be the company
which has acquired the Seaboard Air
Line and the Florida Central and PENN
sIlar road. 1t is estimated from last
years receipts of the three systems to
be consolidated that the preferred stock
will pay dividend the first year."
Mr.. r.. ID. Kyle and family left this
afternoon for Raleigh, where they will
make their future home. says the Fay
etteyille Observer of Saturday. Mr..
Kyle who represents the Seaboard Air
Line. has been making his home at Raj
eigh for some time past.
Mr.. Joel Mabel of Atlanta. assistant
engineer of the Southern, has been put
in charge of the survey of the South
erns branch from Columbia to Savan-
nah He met Chief Engineer w. III.
Wells in Atlanta Tuesday and received
instructions to report in Columbia Mon
day, preparatory to beginning work ut
once.
Referring to the Southern railway
purchase of the South Carolina and
Georgia. the Richmond Dispatch says
that one object is probably the cutting
off of the Louisville and Nashville from
the Atlantic coast. The two roads have
been fighting desperately for some time.
1t is said that this lase deal will cause
the Louisville and Nashville and Allan
tic Coast Line to form close traffic
agreement. The Southern now covers
the South very thoroughly from the At
lantic to the Mississippi. The combina-
ton of the Coast Line and the Louisville
and Nashville would give the Southern
a very dangerous competitor" May be.
but it is a combination we don't expect
to see The Southern and the Coast
r