The times. [volume] (Richmond, Va.) 1890-1903, 1901-03-12
SOUTHERN TRAINS
VIA THE R. F. P.
Their Operation is Expected 10 Begin
Very Soon.
THE TRAFFIC AGREEMENT.
II Has Been Arranged Between the Two Roads
President Williams Says the Scaboard
Has Not Been Sold-Niaduct Work
in the River Nearly Done.
THE TRAFFIC AGREEMENT.

II can be stated almost positively. al
though not officially. that the Southern
Railway at an early date will begin OPP
Grating through trains to the South by
Way Of Richmond.
This. il was learned last night, has been
FULLY decided upon Arrangements have
been made with the Richmond, Freder-
ickspurs and Potomac for the use of the
tracks of that road from Quantico TO
Richmond. Track connections have not
been put in III this city but the cost of
such work would be small.
1t is understood that the only delay
in beginning the through service by way
OF Richmond is due to the fact that the
Richmond. Fredericksburg and Potomac
already has many trains Using its
tracks, its own tho Atlantic Coast Line,
Southern and the Scaboard Air Line.
ii has reached point where the South
crn Will have to double track from Wash
inston to IynchburS. or use the Rich
Inond. Fredericksburg and Potomac
tracks by way of Richmond The latter
course has been decided upon. The Ches-
apeake and Ohio uses the Southern's
tracks between Washington and Orange.
The Southern viii operate, probably. but
TWO trains by way OF Richmond, one each
way. y sleeper will be attached here to
the southbound train. which may or may
not take tho place of the train now leav
ing here at j 50 Z. NJ. There is chance
that it Will in which case a local train
for Danville may leave carly in the
morning
I,,l,r, Sl,aIroD Williams of he
Scaboard Air Line. made emphatic de-
lial OF the story sent out from New York
Saturday night TO the effect that his
road had been acquired by August Bel
mont aud the Rothschids for the Louis
Vile and Nashville. He declared the
story an id;e falsehood, and that his road
was not tor sale to anybody. Mr. Viii
liams said that the controlling interest
held in the system by himself and i'm
mediate associates was larger to-day
han it had ever been and also that the
road was in every way stronger than at
any previous period in its history.
The Seaboart Air Line is undoubtedly
doing Il larger business than ever before.
Within the past three months there has
been d tremendous increase in both pas
senger and freight business
Scaboard Air Line was Very strong yes
1arday. closing at j. Il BID Tor preferred,
an advance Of TWO or three points over "A
week ago. The common advanced from
- SIS 10 L; "a
Ii is understood that arrangements will
lie completed within a few days for the
placing Of the new 10000, 000 loan 10 be
made by the Seaboard Air Line Railway
Company. New York banking houses have
undertaken 10 advance the money, but the
syndicate VIII embrace some Baltimore in
terests which are close TO the railway COM
yany. These will probably include the
Continental Trust Company, international
Trust Company. Middendorf Oliver & Co.
and other concerns. The proposed loan,
besides supplying the railway company
with money 10 pay of maturing obliga-
items. will finance it for a period of about
two or three years. During this time,
by this plan. the company will be relieved
from any financial pressure for ready
money and he in position to demonstrate
its fun earning capacity, and TO work ont
a normal cost of operation. Last year the
operating expenses We're hiE3l, but con-
siderable saving is expected this YEAR
AS security for this loan of SO, G00.000
there viii be deposited per cent. bonds
o. the Seahoard Air Line hallway Com
pany. which, under the agreement with
the bankers. are to be accepted at a valua-
ton OF ~ per cent. of par. As this is
considerably below the market price of
these bonds. the security IS regarded as
ample II is understood that the holders
Of the Scaboard loan certificates will be
given tie privilege of subscribing to the
loan syndicate to the amount OF their
holdings.
There seems now no doubt of the fact
that the control of the Richmond. Fred
crckshurg and Potomac under the nu-
1us,i ownership plan has really passed
into the hands of the Pennsylvania. Bal
tiucre and Ohio. Chesapeake and Ohio,
southern. Atlantic Coast Line and Sea-
board Air Line. The fact has been re-
sardcd as a fact for some time. 1t is
now practically admitted.
The work on the Chesapeake and Ohio
,iaduct is progressing rapidly, and the re-
manning portion of the river work will be
completed bv The middle of the week
There remain q span and u half-span TO
be put in place. When this work is fin
ished the immense traveller. which has
been employed in placing the spans on
their piers. will he dsmantled and ship
ped North.
Mr.. Marvin s Bowman. at present
clerk TO Captain c. w. Westbu-y. dis
tfict passenger agent OF the Soutleii' mas
been promoted 10 cierkship in the as
sistant general freight agents office. this
civ. Mr. Bowman has the wishes of
many friends fer his continued success.
I. pcrSonaiiy conducted tour has been
arranged. and will be under the general
passenger departments OF the Michigan
Central, Hooking Valley and Norfolk and
Western railroads. The party will trave!
in special Pullman train, and will leave
Detroit Saturday, March 30th. They will
arrive in Richmond the Monday follow
- ...a stor visit Ing, the various ,lnirltS