The Atlanta constitution., 1902-04-14
ANOTHER BIG RAILROAD DEAL
Louisville and Nashville Railway Secures Control of Atlanta
Knoxville and Northern--Wi Shorten the Route Be
Atlanta and Cincinnati. u9 u.s

Following is the Associated Press dis
patch from New York giving the news OF
the desl-
Ncw York. April 7.-The stockholders
~ tie Louisville aad Nashville ROAD met
here today and authorized the issue OF
S5.ea0a additional capital stock To be
sed for irsprovinS the road Announce
ussnt is also ssadc that the Louisville
aui Nashville has acquired a majority or
tte ptsferred shares OF the Atlanta.
Knoxville sud Northern road. which runs
from Knoxville To Marietta. thus forming
a line between Cincinnati and Atlanta
shorter by .eg nsiles than the present
route II "a explained that this purchase
ruts the Louisville and Nashville into
competition with the S0utherr railway
between Cincinnati. Knoxville and At
f.uts- IL IS understood 70 be a stso 10
..Buuteract the southern railways resent
purchases Of lines in Tennessee and other
Louisville ard \ 1shville territory. The
,wu..Fshfp of the wv liue will also bring
me ruisviile ana Nashville into Ncrtn
s..rslfna. irs which state it had Interests
l. reluIcre.
Deal Was a Surprise.
The following special 10 The cOnstitu-
ri,u from Knoxville goes more fully into
The details ~ the deai.
Knoxville. Tenn. April 7.-tSpccial)-
Northern majority stock 10 the Louisville
su.i Nashville To-day was a surprise here.
IA. sale il is understood here. carries
afrh 10 the plan al the Atlanta. knoNvills
ana Northern interests 10 build thS Knox
vsrte IaFsTlettc and JellicO road.
ILL.,. majority of the Atlanta. Knoxville
and Northern stock Was owned by H. h
N-IIa-- or Stamford. Conn. who owns
fhe Texas Central IL Is stated he had
( = 81
SIS his priee. II originally cost him $40
o. ana nearly S.."s.e9 has bsIa spent
Sine. rs.ss IN rebuilding the road.
I'M. deal gives the Louisville and Nash
r...r am air line from Cincinnati TO At
r4-ta- Ga. 90 So miles. being = miles
shorter thsn the Chattanooga, Nashville
ant Louisville route
I'M. Atlanta. Knoxville md Northern
z-ev. ont 70 the Marietta and North Geor-
rr. which originally sNten'ied from Ma
-e-t1 ~ Murphy. - miles. In 1875 George
EsE.r. an EuElishman. came - knoNvhle
anil z.s.r.ssfully promoted the Knoxville
southern. buii. from this city to Blue
Rtsse ga there connecting with the
1T1~.e.ts and North Georgia. After the
---ra.rfiau ~ the new road the two he
rsu-e ONE under tha latter name. Knox
Wiz. -at.scrilssd and paid S-s5.eO bonds 10
she ~asd. Many coutractors who di'i con-
s-rurslr1 work took claims intO the
sl-t-. resulting ia the road being placed
f- tr- hands ~ J. r. Glover. receiver. from
rssr q, lS.-s when II Vas sold 10 IL. h. Nc
Ha-E
Colonel Joseph McWiiiiams was brought
IS yir. NcHar- from the Texas Central
q ths atlanta. Knoxville and Northern.
-- d VS. then christened- lie retained
fa1 control until i9a. when John b. New
sau beer me general manager. Colonel Nc
Williams retiring. One If the chief pat
r--- - the road is the very extensive
rnrr.- industry az Ducktown, Tenn. the
la---s- copper plant outside OF Montana
work On Extension To Begin.
fZ-alvtIle. Tenn. April S.-The Knox
VIE JeIfco and Louisville railway cam4
fufr actual existence today when its
directors held r meeting IN this city ana
sI-rt.i J. B. Newton president and H.
w. Oliver secretary and treasurer.
W R TAYLOR. ~ Wisconsin. has been
--1a.t.4 - chief engineer cf the pro-
5.r.rd uue % connect the Atlanta. Knox.
,-. ana Northern and Louisville and
Nashville 4t Isllsco. and tWa surveying
rsr-.es viiI st once take the Held
-. .ret Tennessee coal fields play an
.-rrrrtart role in the invasion ~ the
Southern railway territory 10y the L-ol's-
~Hrs ana Nashville and the war that
vu re-l-t between the big systems
Competition Is Insured
-rte wan give Atlanta compe titi"n 10
.rra-I suI LouiSsil FAR batter imam
eufevs "a the present time The dls-
rr.-. from Atlanta 90 CINCINNATI wa inc
S r-reru and the Cincinnati southern
vr..a s. controls is sel miles The dis
srs.. lr tr, Louisville and $ashviiie's
..e.-.f lr. VIA Nashville IS .'1 Tliies. Tho
..v f.. wn.eh viii be established when
r..-vfr. ANA Nashville builds mo
..-.xv0..e tu~t.rI 81 heiEg l'" miles
.a tnau fn. snuthern's line between
atlanta aui CIncir na.i. VIII be only ano1'
ml.e aEsr-
"a r.vr r,ute tp Louisville wll also he
trfl.-u,I which. wfil. ial-ser Than th@
Louisville ana Nashville route VIA Nash-
. ,.r. g. shorter thsn tla Southern
rrt. ,1a I.siuss "a. The distance t'
f..t.vHI. by th. Hcw Route will De- about
miles
rh. I.alsyiIle sui Nashvule VIII be
sr rs rr.- sa rhrrush rass.u uEer trains
I.tv.-u AtIsatt and Cincinnati sN'r ITS
e.ut I.re frrru Nashville o. JrlIiro. the
r.... ruu2tfIle tNt.u-i1il- tie Atlanta
,sn.raIa 1nb Nor-is,rr. lr'Iu Knoxville
Marietta suI tnc Western ani At
..-U. ta1m MariettH fn Atltutd-
Outlet for Traffic.
AIrrrrEn fhr Louisville aut Na~hflile
..usr... d. .iu. iuta Atlanta it has never
..t r1.n i.~ trains 5urs this city. but with
tae or-urnl of th5s new through line At
r-r Nr g.. made oue of thc Louisville
ar Na-aei.lr.s mn-- Important points.
..Hs.. 81 Is remembered thai tho Louisville
rrI Nashville. nas A sif interest in the
lease ~ t,.e Georgia railroad "a c'tn Zee
seen tl-lt ia will have uo irouh.e in finding
81. ..tJ.t t"r lta traffic. either freisht or
Eas--IGt
Ihe de4r betwcsn the Louisville ami
Nashville aul the owners ui TIA Atlanta.
r<unVvftG.. end y 1rtht ru has already he "a
...nluEar.ti The only step that remains b
fore an. aew through liue can p, put INTO
rs. g tn.a trucr.um ~ tne extension
between Ie.llcs eri Knoxville. This viii
f.sIfN d., more slan ~ miles Ia lcnEtl
ard it will require uo great time o. have
it ready for trains The right of Way mas
.s1rsstiv been sss-urci and the work of con
strurtluu VIII h.Ein iE. ! shnrt I.m..
IcUREFITS
When say cure do not mean merely to
49,, ssr,.n II hzRa fhesr, re-