The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1901-11-07
LINK IN S[ABOARO
CONSOLIDATION
Deed For Transfer of Durham
and Northern R. R.
FILED HERE YESTERDAY
It Requires $75 in Revenue Stamps
to Record the Deed.
TWO NEW FEEDERS FOR THE sEAB0ARO
President Williams Says Business Outlook in
the South is Excellent. Jurisdiction Of
<nmnuoppse,0 Brien Extended. woodeI
Moves 10 Atlanta

The formal deed of transfer by which
the Durham and Northern Railroad be-
comes a part of the Seaboard Air Line
Railway was filed yesterday in the office
of the Register of Deeds of Wake county.
1t was a necessary legal link in the con-
compose the greater Seaboard. The deed
was filed by Mr. Cameron McRae, attor-
ney for the Seaboard. To the document
there were attached revenue stamps to
the amount of $73 90
The deed transfers the Durham and
Northern Railroad. extending from Hen
derson to Durham, and all it's equipment,
depots, and franchise subject how
eyer to a mortgage executed by the Dur
ham and Northern Railroad to the Mer-
camille Trust and Deposit Company of
Baltimore, to secure the company's issue
of first mortgage six per cent bonds, ag-
gregating s150,OO0.
The Seaboard Air Line Railway agrees
to assume all lawful debts and liabilities
of the Durham and Northern and to pay
to the stockholders the par value of all
stock not owned by the Seaboard and
surrendered to it.
The deed is signed by John Shelton
Williams, president. for the Durham and
Northern, and by J. M. Barr. first vice.
president for the Seaboard Railway. The
deed is dated September 10.
General Manager j. NJ. Barr, of the
Seaboard Air Line has investigated the
cause of the delay of the trains between
Richmond and Hamlet, and found that
the doubling up of the trains in North
Carolina took up much time, so the
Richmond News saws. He has or
dered that all trains are to run through
hereafter without waiting to be attached
to trains from branch lines.
As soon as the new engines now being
built for the Seaboard by the Richmond
Locomotive Works are completed the
fast passenger service will be greatly
7 improved. New cars are also to be used
The work of rock ballastng the road
between Raleigh and Columbia, S. c.,
has been pushed forward as, rapidly as
possible within the last few weeks.
The two new fast trains on the South
ern, which are to run through from
Washington TO Jacksonville will begin to
be operated November oath.
E. Ryder, formerly superintendent of
the Washington division of the Southern
Railway, having resigned to accept SER
vice elsewhere. the jurisdiction of N J..
O'Brien, superintendent Danville division,
Southern railway, which includes the
North Carolina railroad. has been ex-
tended over the Washington division
until further notice.
A. f. Woodell. travelling freight agent
for the Southern Pacific, has gone from
Danville to Atlanta, where he has been
located for some time. Mr.. Woodell is
a son of Mr.. B. H. Woodell, of Raleigh,
and has a host of friends here. He will
in the future have his headquarters in
Atlanta reporting to General Agent
Harry w. Nathan.
President Williams, of the Seaboard
Air Line railway was in Baltimore Tues
day and he said to the Sun that two
new feeders of the system would soon be
opened for business. They are the Union
Springs and Northern Railroad, and the
Macon, Dublin and Savannah railroad.
They run through agricultural country.
Ten new freight engines are to be added
to the equipment, besides 200 additional
freight cars. An order for 1000 tons of
steel rails is also to be placed shortly.
Mr.. Williams said that the business out
look in the South was excellent
Poor's Manual of Railroads for 1901,
has just been issued. This is the thirty
fourth annual number. The aggregate
mileage of railroads in the United States
at the close OF 1900 was 194,321 miles, in
Canada 1859 miles, in Mexico 5,432
miles. The gross earnings of the United
States railroads We're 81, sol, 6a5 1878 and
net earnings $4S3. PAT 526. The capital
stock aggregated $3.50, 5S1 ,122, the fund.-
ed debt $5,551, PIG 655.