The times. [volume] (Richmond, Va.) 1890-1903, 1901-02-22
LATEST NEWS OF
The RAILROADS.
Inspection Tour Of the Southern.
Tracks and Buildings.
THROUGH TRAINS 10 CAPITAL.
THROUGH TRAINS TO CAPITAL.
Of1ciais knuw Nothing OF the south>.
ern,s Plnns-Mr. I,yan's Profits Out
Of Settleme..t With sc;.Doard
SAID 10 he Half u Million.

Capt. j. T. West, superintendent Of the.
Richmond and Danvr.e Division OF the
Southern, has Just returned from 9. tour Of
inspection of ali the roDd under his super
vision. He Went over the entire line from
Richmond to Danville, from keysyille to
Durham, ana from Richmond to West
Point. The inspection applied to stations
and accommodations, as well as to tracks.
Capt. West sud yesterday he was we'll
pleased with the general conditions. The
Southerns business, passenger and freight,
out OF Richmond and into Richmond, has
tremendously increased during the past
twelve months.
Capt. West denied emphatically, yester-
day, th1lt the Southern was contemplating
running through over the Richmond, Fred
ericksburg and Potomac from Washington
to Atlanta, so far as he had been informed.
\ high official of the Richmond, Fred
ericksburg and Potomac declined to say
whether the Southern Ind any traffic
agreement with the former in anticipation
OF q through service via Richmond. 1t is
generally believed that such an arrange
ment exists. Moreover, transportation peo-
pie think that eventually the Southern will
be running trains over the Richmond,
Fredericksburg and Potomac as the At
lantic Coast Line is doing to-day The
time may not be far distant Senator
George w. Norris, CT Charlottesville, stu
ted on the floor OF the Senate q few days
ago that he was reliably informed that the
Southern contemplated running through
trains over the Richmond, Fredericksburg
and Potomac ut an early day There are
no track connections between the two
roads at present. They could be estab-
lished at little cost.
The prediction made a few days ago that
Richmond, Fredericksburg and Potomac
stock would decrease in value upon the
repeal of the act authorizing the sale OF
the States interest, has not been verified
When the act Of repeal passed, the com
mon stock was quoted ut S2'4 1t was
quoted yesterday at S2s2.
Mr.. Thomas F. Ryan made about S2ev,
COO out cf the recent transfer OF MS STOCK
in Seaboard Air Line Companies TO the
management OF the Greater Seaboard Air
Line system according to the Baltimore
Sun. It is understood that the price palo WI
Ryan was $500 a share, and on TINS pasis
he will net a profit or ABOUT sooV,VVo Wy
the settlement This price is regarded by
Saaboard Air Line interests as fair
one and the method of arriving at TINS
valuation is said to have been ABOUT as
follows:
The Williams Middendorf syndicate paid
5000 a share for the controlling interest,"
in the stock Of the Seaboard and Roam
oke. This was two years ago. AT per
cent interest there would be an accretlon
that would make the present value $224.
This does not take into account the bene-
fits resulting from putting the stock INTO
the scheme of consolidation. Inc STOCK
was exchanged for Greater Seaboard GER
tificates at 2lS. Reckoning that these
certificates are worth premium OF .
per cent, the value Of the shares bought
at 5000 by the Williams Middendorf syll-
dictate grows by entering the consolida-
ton scheme with the addition of the
premium to $26S. By adding on the IN
teresr of per cent. year for two years
to the value Of $500 u share there is a
total Of 1892
N1r. J. Middendorf said that it
was possible that some arrange
ment would be made for the sale of the
bonds. which are deposited under the
pooling agreement. The amount of bonds
so deposited is S13.000,O 900. Mr.. NIiddendorf
said that If the bonds are not sold they
will be distributed in July to the holders
of the bond certificates
For the first time in the history OF the
United States foreign troops will par
~-A>A
a President Three hundred native Por-
to Rican troops will be brought to this
country for this special purpose The
troops will leave Ponce on a United
States transport and be landed at New
port News Saturday morning. March I'd
The Chesapeake and Ohio will run a spe-
cial train from Newport News to Wash
ington that evening and the Porto Ri
cans will be given novel ezperience-that
of the modern railroads in the United
States The train will be made up OF Pull
MN standard and tourist cars The train
will reach Washington Sunday morning
After participating in the Inauguration
ceremonies the Porto Ricans will be ia
ken to New York over the Pennsylvania
and will embark for their native isle
The Chesapeake and Ohio will on Sun
day, March Sd. run specials out of New
port News to Washington conveying
United States troops, stationed at Fort
Monroe, to Washington I here will be
% officers and SO men in one of the
parties. The United States Military Band
will also be carried with them.
Mr. E. Belknap has been appointed gen
eraI purchasing agent OF the Senboard Air
coon Ds,aT,O7I NONSENSE