The times. [volume] (Richmond, Va.) 1890-1903, 1900-07-17
F.
LATEST NEWS OF
THE RAILROADS
MAY Make Richmond Their Southern
Terminus.
HAS STOCK CHANGED HANDS7
Southern and the ST Louis Air Line.
Iron for the Chesapeake and Ohio
viaduct-Other Items OF
Intcrsct.

There is an interesting rumor in Rich
mond and other business circles, to the Ell
feet that the Pennsylvania and baltimore
and Ohio roads VIII establish their South
ern terminals in Richmond. These two great
systems are now controlled, as it IS I'M
derstood, by the same capitalists
AS the story goes, much OF the STOCK Oh
the Richmond, Fredericksburg and Poto-
mac Railroad, now owned III Baltimore,
has changed hands, having been sold. 1t
is said. at SITS. This may or may not De
true but there are many who believe tAe
Pennsylvania interests would like to have
the Richmond Fredericksburg and Poto-
mac double-tracked and other run It's trans
over that line into Richmond.
1t is pointed out that since the compile
ton of the Great Sea board Air Line sys-
tenn, it would be TO the advantage of the
Penns ylvan!a and the Baltimore and Ohio
to have Southern headquarters here.
Some weeks ago IL was reported that
the Seaboard Southern, Atlantic Coast
Limo. Pennsylvania and Baltimore and Ohio
all might unite in a movement to acquire
the Richmond Fredericksburg and Poto-
mac and to operate Jointly a great double
track system between Richmond and Wash
ington.
Some such scheme has probably been
considered, but the Seaboard, it is said, is
still determined TO build its own road to
Washington.
ST. LOUIS AIR LINE.
Yesterday was the last day for
the deposit OF securities with J.
P. Morgan & Co. by holders Of the
St Louis Air Line bonds who desired to
participate in the reorgan;a ton. The plans
for the reorganization OF the road which IS
technically known as the Louisville. Evans
vile and ST. Louis Consolidated Railway
ar. as follows: This firm OF j. z Morgan
s: Co will issue for the present securities
OF the st. Louis division first mortgage
4 per CEN 80 year gold bonds OF the South
ern Railway Co, in the following amounts
for each security: For Evansville, Rock
port and Eastern Railroad first mortgage
6 per cent bonds OF $1,00o each, with cou
pons due January l, 1898 and thereafter, at
tached, 81, $50; Louisville, Evansville and
ST Louis Railroad. first mortgage G per
cent. bonds with coupons due October !.
1895, and thereafter. $1,000; Louisville
Evansville and ST. Louis Railroad second
mortgage per cent. bonds, with coupons
duo October 1885 and thereafter, SEQ;
Louisville, Evansville and ST. Louis Con-
soiidated Railroad Company first CONSOLE
dated mortgage per cent bonds, with
coupons due January /, 1Sa: ana thereaf-
ter, 100; Huntingburg Tell City and Can
melton first mortgage per cent bonds,
with coupons due October l. 1894, and
& 81. Louis consolidated road general mort
gage 4 per cent. bonds, with coupons due
March l, 1894, and thereafter, $40.
RAILROAD NOTES.
The Chesapeake and Ohio has received
about ten car loads of structural iron for
the new viaduct. This consgnnlo ut is
now being unloaded and machinery is
being placed III position for the handling
OF the iron work. It is expected the work
of placing it in position will be begun
within the next few days.
Last October the Chesapeake and Ohio
paid its first dividend on the sixty mil
lions of common stock. 1t showed for
the fiscal year of 1899 a surplus of S7oG,-
$780, and will show in 1900 a sum much
larger than this, the net earnings for
eleven months having increased S}J9,2SO
while the estimated charges are only
*S7,o00 more than I. year ago.
Mr.. William II. w. Mason, chief record
clerk OF the ear service peartment of the
c. and 0. Railway, has returned to the
city, after r brief visit to his family i'll
Fredericksburg.
Mr.. ". o. Sydnor, commercial agent of
the c. and 0. at Stanton, was in town
yesterday.
The current issue of the Book of the
Royal Blue contains the usual amount of
good reading and handsome illustration.
The feature OF the issue IS an article on
the battle of Antietam. illustrated thorough
~ with original photographs Mr.. Thomas
Calver contributes several poems and "A
Womanly Woman. a War Time Romance, ="
by a. Dorothy Wall, is a feature. Mr..
Arthur O.. Lewis. southern agent of the
Baltimore and Ohio at Newport News,
gives his usual installment of the STUB
Ends of Thought
Mr.. c. e. Grabowsli, of the Chesapeake
and Ohio Railway Claim Department, left
with his wife yesterday for Atlantic City,
where he will spend MS summer vacation.