New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1902-04-05
ABS0RBS PLANT LINES.
ATLANTIC COAST LINE GETS
CONTROL.
TRACKAGE RIGHTS TO BE ACCORDED
TO THE SOUTHERN BETWEEN
SAVANNAH AND JACK
S0NNIIIE

Following conference yesterday in this city
of representatives of the two companies named,
w. G. Elicit. president of the Atlantic Coast
Line Railroad Company, and r, G. Erwin presi-
dent of the Savannah, Florida and Western
Railway Company authorized last night the
following statement:
Negotiations have been completed under which
1t is arranged that the Savannah Florida and
Western Railway Company WILL on or before
July l. 1902, consolidated with and become
the property of the Atlantic Coast Line Rail-
road Company The negotia ations also contem-
plate that the other railway properties of the
Plant system will pass under the control of the
Atlantic Coast Line at the same time.
1t has also been agreed that when the con-
solidation takes place the Southern Railway
Company will have trackage rights thereafter
over the line between savannah and Jackson
VILE thus making Jacksonville the Southern
terminus of the Southern Railway Company tor
its Florida service to and from the East ana
West
The railroads controlled by the Plant system
extend from Charleston S c.. to Tampa, Fla,
and to Montgomery. Ala. with total mileage
of p 139. The system includes the Florida South
ern. st. Johns and Lake Eustis. Sanford ana
st. Petersburg and Savannah, Florida and
Western roads The capital stock of the COM
panies aggregates $23 4O390o and all is owned
by the Plant Investment Company. The total
of the bonds is $:'4 113, 500. The Plant Invest
ment Company also controls the Plant steam
ship Company and the Canada. Atlantic and
Plant Steamship Company. The water lines ag-
gregate 449 miles in length. The Plant sys-
tenn also includes three steamboat lines. 10
miles in total length operating in the waters
Tampa.
The Atlantic Coast Line Railroad Company
which has outstanding S1o.Sao,2p common
stock and SIS. $40. 900 preferred-a majority ot
it's stock being owned by the Atlantic coast
Line COmpany-Operates a system extending
from Richmond and Norfolk, Va, TO Winning
ton, n. G. Charleston s. c.. and Augusta, Ga.
its total mileage including many branches. De
ing 1901. BY its acquisition of the lines of the
with the Southern Railway Company, the pres
ent terminus Of which is at Brunswick Ga. the
Atlantic Coast Line Railroad Company appat-
emily becomes formidable rival TO the sea
board Air Line. Both roads reach Washington
from Richmond by way of the Richmond, FRED
ericksburg and Potomac, which Is controlled ny
the Richmond Washington company corpora
tion the stock of which is owned one-siXth each
by the Atlantic Coast Line. the Seaboard Alr
Line the Southern Railway Company. the Penn
sylvania Railroad Company. the Baltimore ana
Ohio and the Chesapeake and Ohio.
Like the Seaboard. the Atlantic Coast Line
reaches Wilmington and Charleston from Rich
mond The gap between Charleston and Sh-
vannah is now hrdged by its acquisition OF the
Savannah Florida and Western which road
with it's allied lines of the Plant system extends
west from Savannah to Montgomery. Ala. as
does the Seahoard Air Line. and south from Sa-
vannah 10 Jacksonville and Tampa again Writ
ualiy paraleling the Seaboard Air Line.