The Fairmont West Virginian. (Fairmont, W. Va.) 1904-1914, 1905-07-12
GREAT PLAN IN WHICH gLkINs
ANo DAVIS ARE SAID TO BE
INTERESTED.
(Pittsburg pispatch.)

(Pittsburg Dispatch.) s
Pittsburg will secure new outlet
to the Atlantic seaboard as result
of the Vanderbilt control of the Lit.
tie Kanawha syndicate. Arrange,
'acnts have alteady been made with
former Senator Henry G, Davis and
senator stephen B. Elkins, OF West
Virginia, owners Of the Coal & Coke
railroad and OF 100000 acres OF fine
West Virginia coal along Its route. and
with the Chesapeake & Ohio railroad
dominated by the vanderbilts, for a
through line to Newport News. This
will give the yanderbilt-Ramsey syn.
dictate the shortest and best route to
that Important exporting Atlantic port
and will give the vanderbilts their
long.sought outlet to the sea. Con.
struct'on viii Jcgiu early this fall.
An outlet to tiaewater at Newport
News was part of the original scheme
Of President Joseph Ramsey of tho
Wabash when he concluded to finance
the Little Karawha independent OF
George J. Gould aud the interests with
which he was formerly Identified. Sen.
ators Elkins and Davis have been in.
tereSted with. Mr. Ramsey for several
years in his West Virginia and Cen
trail, Little Kanawha and Western
Maryland syndlcates. and he found
hearty response from them In his
scheme TO give Pittsburg new and
direct route to the South aud to New.
port News.
Vanderbilt Was Anxious.
1t was while Mr.. Vanderbilt was en-.
deavorlug to finance his Greene coun.
ty road. and, In :act. the entire New
port News scheme that the Wander.
oilts became Interested through Col.
oncl James Nj. Schoonmaker. vice
president and general manager OF the
Pittsburg & Lake Erie. and SO enthu.
sIastic did Colonel Schoonmaker and
his associates become that negotia.
ions begun in Plttsburg were contin-
ued at the Holland House II, New York,
with the result that papers compris.
Ing a tentative agreement were signed.
William X. Vanderbilt confirmed
he temporary agreement by cable
from Europe. and It is understood that
work will go on In the preparation OF
plans In the belief that all will! be well
upon the arrival of Mr. Ramsey in
Pittsburg in September. 1t is under.
stood that Mr.. Ramsey will, continue
active In the Little Kanawha syndi-
cate until the completion of the prof.
ect, which Will require several years.
All the funds necessary for the build.
ing of the road to .idewater have been
assured,
The route of the new trunk line will
De by way of tho Greene county G
Bucktannon and Northern railroads
10 connection at Elkins, w. Va. with
The Coal g. Coke railroad OF the Davis.
Eliltns interests. The aim OF Senator
Davis in the building of this road was
to open the great coal tracts extend
Ing. through the mountains from Elk
ms to Charleston about $50 miles.
Already In Operation. y
This road now has lii operation &C
its upper or eastern end about rs
miles Of track from Letter to Sage on
the Buckhannon river, and at its low.
or or western end 80 miles from
Charleston to Gassaway. This lat
ter is known as the Charleston divi-
sion and was formerly the Charleston,
Clendennin q Sutton railroad. The
line between Sage and Gassaway is
now under construction and the expec.
tation is that the whole road will be
completed and In operation this year.
Senators Eliiins and Davis have
about 100000 acres of coal along this
line. while the Little Kanawha syndi.
cate has on the same direct line near
ly co 900 acres. The capital of the
Coal & Coke railroad is $4,000. 900. on
~ sil1s,soo being issued. while the
authorized bond issue is $40, DOC, 900.
with s4,2a2, 900 issued. Former Sem