The Savannah morning news. (Savannah, Ga.) 1900-current, 1902-09-29
LIKE RAILWAY DEAL
MERGER OF A. c. L. AND l.. & N.
PLEASES BUSINESS MEN.
L. & MS VALUE AND POLICY.
PROPERTY CONSIDERED TO BE
ONE OF THE FINEST IN SOUTH.

!
ProgressiNe-Th shown by Bust
ness F0stered by 1t on Its Lines
Also by Its Fine Terminals at Al
Points Touched-Is Interested ~
Several Steamship Lines-Its Earn
ing Capacity Per Mile as COmPar'
ed with other Roads-Naval Stores
Factors welcome PrOspect-Whnt
the New York Herald Says of the
Deal.
The acquisition of the Louisville and
| Nashville Railroad by the Atlantic
| Coast Line was a topic widely discussed
yesterday not only among railroad
men, but among business men general
ly. The interest centers chiefly in the
effect that it may have on Savannah
and because of this the extent of the
Louisville and Nashville, its policy and
the possibility of Savannah's being
made headquarters for some Of it's high
officials were the matters chiefly con-
sidered.
A prominent railroad man, who is
acquainted with the chief officers of
their policy, talked most interestingly
of what the road had done for other
parts of the country. According to the
views Of the speaker, this promises
we'll for Savannah, though, as he ex-
planned, it must be remembered that
the Louisville and Nashville is the one
that is absorbed
The headquarters of the Louisville
and Nashville, are at Louis
Vile, and it's chief officers
are M. H. Smith, president; Walker D..
Hines, first.vice president; w. ]. Dick
inson, third vice president, and George
C. Evans, general manager. The road,
as has been stated in the Morning
News, has a mileage of 1924, and is
thoroughly equipped with the most
modern motive power and cars.
Is a Splendid Property.
1t is one of the most valuable pieces
of railroad property in the South. the
speaker continued, as may be seen by
its earnings: These, according to the
report made June 80, 1901, were: Cross
$9,319 a mile: net, $4,000. How large
these are may the better be appreciated
by comparing them with some of the
other roads. The Southern. for in
stance, has gross earnings per mile OF
but 1920 and net earnings of but ST.
722.
Further, according to the speaker
the Louisville and Nashville is one OF
the most progressive and aggressive
Tho - {-
sive is shown by the fact that it has
fostered numerous and varied interests
all along its lines and still makes
| liberal offers to parties to establish
others. Also it's policy has led it tt
| build fine terminals wherever it's in.
| terests have justified them, as may bt
seen from the properties owned il
Louisville, Montgomery, Birmingham
Pensacola and New Orleans. In eacf
case these properties are owned, no
| leased.
Again, it owns the union passengel
| station at Montgomery and at Biz
| mingham, is halloween of the lease OF
| the Georgia Railway, extending be
| tween Augusta and Atlanta, Is largel!
| interested in the Atlanta and Yves
Point, and practically owns half thu
| stock of the Western and Alabama
| Through these two lines it has a con
nection from Atlanta to Selma, vi;
| Montgomery.
1t has also many steamship interests
among them a line from Pensacola tC
New York, and a line from Pensacola
to foreign ports. Likewise it has in
| terests in many of the manufacturing
| enterprises located along its lines, es-
! pecially the iron works in Alabama.
Handles Much Freight.
It's freights are both large and Ci.
| Yersified, as its ramifications reacf
| phosphate beds in Tennessee, coal field
in Tennessee and Alabama, and tn,
iron fields of Alabama as we'll 1
| hauls most of the iron ore and tht
| coal for smelling it to all of the fur
naces along its line, and this is par
ticularly so in regard to the Birming
| ham works.
The Louisville and Nashville system
| alone extends westWar to the Missis
sippi river and now, If combined will
the Atlantic Coast Line, will make
system that will extend over tn
Southern states from the Mississippi
to the Atlantic. How hard 1t will b.
for competing lines to cut into tn
territory of this system is shown b,
the fact, we'll known to railroad men
that to build railroads in some part
Of Alabama, especially in the vicinit,
of Birmingham, costs from $50, 900 t
100000 a mile.
Business Men Like Prospect.
The prospect pleases business men Q
the city. They want to see the Coas
Line absorb the Louisville and Nash
Vile. They think that the business c
this port would be materially increas
ed, as 1t would become the outlet fc
much of the freight that now goes I
the Gulf ports, via the Louisville an
Nashville.
1.-THE naval stores factors IN Savar
nah are jubilant over the prospect
said a representative of that bushes
yesterday. 1.-THE absorption of II
Louisville and Nashville would De til
very thing for Savannah, and | hor
the Coast Line will get the road.
great quantity of naval stores woul
be brought to Savannah that now gee
to Mobile. Pensacola and other Gu
ports. The operators along the line
the Louisville and Nashville. who al
now forced to ship to the Gulf port
would greatly prefer to ship to 81
Vannah. and they will do so when ii
Coast Line lowers the rates so as
render II possible.
The Louisville and Nashville h;
been accustomed to making the Saval
nah rate so high as to render il pr,
hibitory That is because the line ge
, a short haul on naval stores bound (,
. Savannah, while on the commodit
bound for Pensacola, Il gets a long
haul. There has long been complain
that operators along the line OF q
Louisville and Nashville. between Ri
er Junction and Pensacola, could n
get their product TO Savannah"
The Herald on the Deal.