The progressive farmer. [volume] (Winston, N.C.) 1886-1904, 1901-05-21
A NEW NORTH CAROLINA ROAD.
It Will Extend From Wadesboro to Winston
Salem and Form an Important Link.

Secretary OF State of North Carolina
for a charter for the Winston &
WadesbOrO Railroad Company, which
will be organized for the purpose of
building and operating a railroad
from Wadesboro to Winston-Salem.
The length of the road will be about
80 miles, and 1t will run through the
counties of Arson, Stanly, Montgom-
cry, Davidson and FORSYTH. The
capital stock of the company will be
$500, 900, divided into 5000 shares of
the part value of 800 each. The six
directors who will manage the affairs
Of the company for the first year are
all from South Carolina Messrs.
Thomas Wilson, of Cade's John No
Sween, of Timmonsville P. A. Will
COX, of Florence and w. E. Huger,
R. G.. Rhett and F. @. O'Neill, of
Charleston. In their application for
a charter the directors certify that
"more than 81, 900 per mile has been
subscribed to the capital stock of
said company" and that 5 per CEN
tum of said subscriptions have been
paid in in good faith and in cash to
the directors.
We print today the "articles of
association" filed with the Secretary
of State at Raleigh, and a list of the
subscribers to the stock of the COM
pany. Of the $142, 500 subscribed to
the stock $115, 900 has been sub
scribed in Charleston, and when the
objects of the road are fully under
stood this amount ought to be largely
increased. We have known for some
months that such an enterprise was
under consideration, but the public
will be surprised to learn that the
company has actually been organized,
and that sufficient stock has already
been taken to secure a charter for
the company. This fact, and the
additional fact that Mr.. Thomas
Wilson, who has achieved remark
able success as a railroad builder,
has been the moving spirit in the I'M
dertaking, will impress the COM
munity with the Importance which
our business men and capitalists
attach to the road.
1t is expected, of course, that the
road will be tributary to the bust
ness of this port, and we assume that
it will be operated directly in this
interest. Assurances upon this point
must have been given by the Allan
tic Coast Line, with which the road
will connect at WadesbOrO, and we
take tor granted that the advantage
Gus traffic arrangements will be prac-
ticable with the Southern and the
Norfolk & Western at Winston
Salem. With such arrangements
the road will be of immense value to
the business of Charleston.
The road, as we have noted, will
be about 80 miles long, and will
traverse d fine part of the State of
North Carolina. By the Norfolk &
Western connection at Winston
Salem, it will reach the Pocahontas
coal fields of Virginia, and will
shorten the distance between Gin
cinnati and Charleston about 800
miles. Such a saving in distance
ought to be of greater advantage to
Charleston, and, with anything like
the proper energy on the part of our
people, would make Charleston,
among other things, one of the most
fOurishing grain ports on the Allan
tic coast. 1t is estimated that the
construction of the road will cost
81, 500, 900; $500, 900 in stock and
81, 900, 900 in 6 per cent. bonds. The
road will be laid with 8O-pound steel
rails and in all it's equipment will be
of the best and more modern type. 1t
is expected that the maximum grade
shall not exceed 81 feet per mile, and
| opening as it will q new field for
Charleston and new opportunities it
will be C~harleston's fault if this port
do not derive incalculable benefits
from it.-Charleston, S. c., News
and Courier.
About 125 negroes, men and
women, left Raleigh last week for
New York State, where they will
work in brick wards and as hOuse