The times. [volume] (Richmond, Va.) 1890-1903, 1900-02-14
--LATEST NEWS OF
THE RAILROADS.
sesboard Consolidation is Perfected
al This Time.
THE STRONG ORGANIZATION.
Burlington Will Establish Through
Train Service Between ST. Louis
and Portland = Other
Items of Interest.

Announcement is made to-day that the
agreement OF the Greater Seabcard AR
LINE organization has become effective.
The Greater Seaboard Air Line orSani-
cation is practically the union OF all the
railroad systems which have heretofore
composed the Seaboard Air Line sys-
tenn: The Florida Central and Peninsuiar
dsa.iruad. the Georgia and Alabama Ran
way system. the Raleigh and Castor
Railroad. and the various corporations
controlled by IT.
The managing commiutce Of the Greater
seaboard Abr Line organization is COM
posed of S. Davies Warfieid, Robert Z.
Davidson, William a. MarburS, J. Wm
hladdendorf, of Baltimore; John Shelton
Williams. James II. Dooley. of Richmond;
Wil41am L. Cochran. Of New York.
The committee has organized, Mr.. War
field having been made chairman. Under
the agreement the Continental Trust
Company, of Baltimore. is the depository
The managing committee announces
that the agreement of organization has
5 become effective through the signing
thereof by tho holders of syndicate in
Tercsss in the Seafboard syndicate. the
FLORIDA Central and PeninSular syndicate,
and the other interests, and that the
depository under the agreement is now
ready to issue the new engraved ceTtln-
Gates OF interest, under the organization
agreement, in exchange for the former
certificates Of interest in the several syn
dicates. The effect Of the agreemnt 80
declared operative is to put under the
control of the committee named, the Sc
icurittes of the several railroad systems,
so as 10 work a practical union of the
i's.Stems by a common ownership the
fdlolGers of the various old securities TAX
Ding certificates of interest in the united
system
practically, this effects at once a union
of the several systems through the con-
1 i1>oi Of their securities and a common
f'owncrshtp. IT only remains for the COM
a'rnTtee to work out the corporate organi-
cation Of the properties, and the issue by
'eiie new company Of the securities rep
! resenting the systems thus united.
These new securities, when issued, will
be deliverable to the holders of the GER
titicates issued by the Continental Trust
Company, as depository Of the securities.
The execution OF this agreement OF Or
syan!zarion also does away with any ne
cessity for marketing the new securities
ut this time. or until the managing COM
un1mee Of the new organization feels it
= dtlfHSdDle ana ADVANTAGEOUS SO.
Under the plan of the Greater Seaboard
: Air Line rgariZation, the managing COM
uItittee supersedes the various committees
organized under the old syndicate agree
snents, the certificates of which now be-
come eNchangeable for certificates of the
new organization. Therefore. when This
exchange has been made certificates in
tlle new organization will represent al
the interest in all the former syndicateS.
RAILROAD NOTES.
On May 1st the Burlington and Northern
Pacific railroads will establish through
! train service In both directions between St
\ Louis and Portland by way OF Billings.
Mont To maintain this through service
ten trains will be required. and orders for
the new equipment have already been
4 placed. The new trains will carry Sleep
ing, dining. tourist and smoking cars as
well as first and second-class coaches.
The Burlington Route is becoming a big
factor in the passenger situation In the
northwest and the arrangement now Being
perfected will undoubtedly have a tend
ency to make the Billings gateway even
more popular than 1t has been in the
past
Mr.. W. s. Morris. superintendent of
motive power of the Chesapeake and Ohio,
DIS on a western trip.
Mr.. James Martin, division Superintend-
cnt of the Pullman Palace Car Company,
with headquarters in Philadelphia, was
Richmond visitor.
Mr.. r.. L. Bemis. president of the Rich
mond Traction Company. has returned
from New Orleans, where. he was looking
after the affairs of the Edison Electric
Company.
Terminal facilities for the projected Au-
f,usta, Athens and Charleston are being
sought at Chattanooga, and this is con-
strued as Indicating that the road will be
built and Will afford the Seaboard Air
Lime n means of reaching the city named.
in this it will continue its arrangements
dor paralleling the Southern.
Two new passenger coaches have been
contracted for by the Richmond. Fred
ericksbuits and Potomac. The new coaches
will be thoroughly modern in every re-
SDect.
SOUTHERN EARNINGS
The following are the estimated earn
inrs of the Southern railway system for
the week ended February 7th:
This year ..-.--.-..... .............. S619.1Si
Last year 5i0,6iS
increase .S.35b
The Chesapeake and Ohio Railway
Company reports gross earnings for the
first week Of February, 1900, SOL. 90. 81;
1899. sl9S.a9S.0i: increase, s2o.2DISo
Property Tramsfcrf.
R!chmond: r. IA. Hardesty and wife to
Mary +. lyfborden % feet on east side