Virginian-pilot. (Norfolk, Va.) 1898-1911, 1900-02-08
IMPORTANT DEAL
The Southern lnvades the Sea-
boards North Carolina Territory
Traffic Arrangements with tho Aber.
dozen and Ashboro Railroad, by
Which rinchurst nnu southern
Pines travel is secured.

1t is learned here. says the Raleigh
News and Observer of yesterday, that
the Pages have sold their lumber inter-
ests to w. w. Mills. of Carthage. The
consideration was $4,000 and the prop
erty sold consisted OF two large finish
ing mills-one at Biscoe and one at
Aberdeen.
The Blscoe plant is the larger OF the
two, having capacity OF 10000 feet a
day. They will be run In connection
with large number of other nils oper-
ated by Mr.. Mills in this section.
The Pages-sons OF the late \. f.
Page, of this city-will not, ii is under
stood. devote their entire time to the
management of their railroad propertv
the Aberdeen and Asheboro.
rms consists Of about Sc miles of
track. extending from Aberdeen to
!lsheDoro, with an Smile branch from
hisooe TO Troy, in Montgomery county.
Ii was originally built as a lumber
road. and was then called the Aberdeen
ana West End. Two years ago it was
extended TO -Asheboro where 1t CON
meets with the Southern Railway from
High Point.
recently the Southern has made traf-
nc arrangements With the Pages by
which 81 fast train has been put on for
the Pinehurst and Southern Pines
travel. This connects at High Point
with The Sonthern's fast Florida trains.
rms invasion of the Seaboard's terri
Tory by the Southern has made this
road already one of the best prying
snort roads in the United States. most
desirable property for either one of
these great railway systems 1t has
'akoh from the Seaboard the monopoly
Oh Southern Pines and Pnehurst bust
ness it once enjoyed ana is mora thon
dividing with 1t the immense freight
traffic Of that scction--includin lum
per, naval stores, fruits and agricul-
tural products
In fact the traffic arrangement made
by the Southern with the Pages is one
OF the most important railroad deals
mat mas been made In this State in re-
cent years. The ultimate result OF 1t
must be fight between the Seaboard
and Southern for possession of the
road. Owning It. either can invade the
territory of the other
Just at present however, the Pages
say they do not care to sell at any
price.
io'lu N"s thaIicfeu Dy act of the
Legislature In 1889, and was organized
several months later. The. Legisln-
lures of 1898 and 1895 amended the
CHARTER so as TO allow extensions and
increase of capital stock
It's gross earnings from operation
each year We're $4,000 fits operating
expenses were $4,000 The road as
now equipped cost quarter OF a MILL
ion. In 1890 mortgage bonds to the
amount of $4,000 were issued on ito
run twenty years at per cent.
HERE AND THERE.
The Chesapeake & Ohio will move
four companies OF infantry from Gin
cinnati to Washington tomorrow.
special will be rum
Mr.. Patton. assistant to President
Cassatt. OF the Pennsylvania, Is quoted
as saying that as soon as there is n
vacancy in the Board of Directors Of
the Chesapeake & Ohio Railroad the
PENNSYLVANIA i'll seek representation In
that body.
Mr.. w. f. Minsen. district passenger
agent was the guest OF Z. H. Bosley,
of the Norfolk & Western Railway. at
Richmond, yesterday. Mr. Nlingea
was formerly division freight agent of
the Norfolk e Western. with head
quarters at Roanoke, but resigned that
position TO become the president and
general manager of tho Virginia &
Carolina Railroad, now under con-
Struction.