The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1904-02-27
Tidcwater Railway CO. Propose
to PRACTICALLY Parallel Nor N
folk and Western.
ARE NOW
LAYING OUT Ri0UT
10 Tap Coal zl Fields at New
River, ii Giles County and and.
Run Through Southern Tier
Of Counties Norfolk.
Company Said to Have
Ample Capital.

l with the cilartcring by the State Cor
poration Commission severay days ago
81 the TIdewater Railway Company and
the setting to work at once OF one huns
5drcd and fifty men laying out the pro-
nosed ncw line from New River8to Nor
folk, comes the prospect Of early and
sharp competition In the moving OF soft
coal from West Virginia and Southwest
Virginia to deep water.
55i The new company is capi italized 5 at
from, $50, 900 to 100000 to be divided into
shares OF 500 each, though this is said
10 he hut a bagatello compared with the
enormous capital behind ithe scheme. All
the officers and directors for the first
wear arc Staunton men and the home
office is to be In the Valley City.
The Route opposed.
Y The limo upon which one hundred and
fifty engineers are already at work will
practically parallel the Norfolk and
Western Railroad Starting at a point
where a ii. ew r. roAses .tle bound I
airy limo, between IN Virginia and Ssf est
Virginia, III Giles county. the road will
run through the counties OF Giles, Mont
gomery, Roanoke county and city, Frank
lin. Bedford. Campbell. Pittsylva MIA Hal ltll
flax, Charlotte, Prince Edward. sLunen-
burg. Nottowny, Brunswick, Dinwlddie,
sC;reenesville. Sussex Southampton. Isle
z of Wight, Nanscmond and Norfolk. the
eastern terminal to be on deep water at
Il point in Norfolk county in or near
Norfolk city.
The charter is a perpetual ono and the
estimated length Of the new road is 3S5
miles.
may elect two or more OF their number
as an executive committee, to have fun
charge of the affairs of the road, subject,
of course, 10 confirmation.
Wanted a Good Start.
Tho charter is n very brief document,
and sets out only the bare facts required
by law. This coupled with the fact that
the maximum capital stock was fixed
at such q low figure, and that the mat
ter SO far has been managed with such
marked secrecy. would seem to Indicate
that those behind the scheme desired to
get their work well under way before
opposition was excited.
No ono here seems in a positionfto say
much concerning the details OF the
scheme, but the officers and directors
are not only prominent men. but are rec
ognized as among that class whose Keen
business Judgment would impel them to
fpress to a successful issue. all undertake
6lngs in which they become interested.
It is. therefore, believed that IN
short time the capital stock Of the COM
pany will be greatly enlarged, and that
the building OF the road will he pushed
with all possible yigor.
Sharp Competition.
If the road is to be actually built, as
now seems likely, it will open up the
ssharpest kind Of competition in the mat
ter of bringing the soft coal from the
great Southwest to deep water for mar
ket. Tapping the great SOFT coal flelds
on New River. it will boa direct line
to Norfolk. and will, Of course. be s S q, a
strong bidder for other freight, as We'll
as passenger traffic along the way
At present the Chesapeake and ono
and the Norfolk and Western have the
soft coal traffic from Southwest virginia
MAJ fTa