The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1902-01-28
Among the Railroads.

Yancey and Mitchell counties. lie sald
THE Ohio River and Cincinnati, which
comes to Huntsville from Johnson City
Tenn, is now being built through Iancey
and Mitchell counties. / do not know
where it is going. If the men in charge
know they will not tell Sixty miles have
been built in Yancey and Mitchell. The
road comes into North Carolina by way
of Erwin. Tenn. up Nola Chuckee river,
which is made up of the South Toe. North
Toe and Cane river, and then up Toe river
and is being built within two miles OF
Bakersville. The cost would be too great
to go into Bakersville. Nobody knows
whether the road is going to Marion.
through Burke county to Lincolnton or
TO Asheville. The nearest route would be
to Marion, which is 35 miles from Bakers
Vile. The general impression. however,
is that if the Seaboard extends the Caro-
lima Central to Asheville from Ruther-
fordton. the o. r. and C. will be built
to Asheville. The road is standard guage,
heavy railing and is being built in first
class shape. Changes in the grading
where the foods washed the road so badly
last year have been made so that it
cannot be washed as before -Four
bridges were washed away by the fresh
cts in both the May and December floods.
The building of the road has helped
the lumber interests greatly and will do
great things for Mitchell and Yancey
counties.
THE plan Is to build from Johnston
ity to the coal fields, the grading having
been done when the road was projected
by the Three C.'s company.
THE election ordered for bonds for
80, 900 in Yancey was not held because
the people would not vote it unless the
railroad would let them know what route
would be built. The representatives of
the railroad decline to give the informa
ton. saying that the route had not been
settled upon. 1t was so apparent that
the people would not vote for the bonds
to build the road that the election was
called off. But work goes steadily on
good progress.
Ofeing for sale 100000 OF four per cent
first mortgage Seaboard Air Line gold
standard bonds. dated April 1900, due
1850. John l.. Williams e Sons, of Rich
mond,, say:
THE earnings of the Seaboard System
for the calendar year 1901 exceeded 49,
900, O00 which is approximately so per
cent over and above interest on bonds
and rentals for the same period.
"The total bonded Indebtedness of this
system is only about $50, 900 per mile of
road owned, or less than the bonded in
debtedness per mile of any other railway
system of equal size in the United States.
THE surplus earnings of the system
for the calendar year 1901 amounted to
considerably more than a sum sufficient
to pay A per cent on it's preferred stock,
but it has not been the policy of the COM
pany to begin the payment of dividends
as yet, the surplus earnings being util-
lied in making improvements, better
ments and additions to the system"
If the New York Central tunnel had
been equipped with an up-to-date electric
block signal that is now being introduced
out in Chicago, says the Brooklyn Eagle
that wreck on January Sth. which cost
seventeen lives probably would not have
occurred: for danger signal would have
been burning constantly before the engi
neer's eyes, where it could not have been
obscured even by the thick smudge ever
present in the tunnel.
The Elizabeth City Economist says that
the railroad from Elizabeth City to SUI
folk is almost a certainty. The Suffolk
people have become interested.
In New York State during 1901 only six
Ill l., IL
railroads carried 81 ,909 900 passengers.
Two hundred and fifty employees were
killed and 766 others injured. In 1900
eight passengers and 1917 employees were
killed.
Writing of the Southport railroad yes
terday's Wilmington Star said: Capt
John Barry, whom it was announced
some time ago had received the contract
from Philadelphia capitalists for the con-
struction of railroad to Southport, was
asked yesterday what progress had been
made toward getting the road under way.
He said that two representatives of the
company were in the city and he had just
had two hours conference with them.
but could say nothing for publication.
said he was not at liberty to give them"
Attention has hitherto been called to
the very close friendship obtaining be-
tween the Seaboard Air Line, the Chcsa-
peake and Ohio. and the Bay Line, the
latter really owned by the Scaboard Air
Line. The three last year had through
route from the South to Baltimore, and
did a good business. On the 18th of Feb
ruary the Seaboard Air Line and the
Chesapeake and Ohio will begin through
service between Jacksonville. and Old
Point, and at the latter point passengers
to the North can take the Bay Line for
Baltimore.
Arrangements have been made to COM
bine the interests of the Norfolk and
Southern railroad and the Lake Drum
mond Canal and Water Company. The
Norfolk and Southern Railroad extends
through a portion of Tidewater Virginia
and North Carolina. terminating at Bel
haven. y. C. 1t operates a line of steam
ers in the North Carolina sounds and
their tributaries. The Lake Drummond
canal forms portion of the inside water
route along the Atlantic coast between
Hampton Roads and the Carolinas.