Daily press. [volume] (Newport News, Va.) 1896-current, 1905-07-21

tions begun in Pittsburg were contin-
ued ut the Holland House in New
York, with the result that papers
comprising tentative agreement
were signed.
William * Vanderbilt confirmed
the temporary agreement by cable
frcm Europe, and it is understood that
work will 20 OH iii 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. Rumscy will continue
active in the Little Kanawhu syndi-
cate until the completion of the pro-
jcci, which Will require several years.
All the funds necessary for the build.
ing of the road to tidcwater have been
assured.
The route of the new trunk line will
he by way of the Greene County IL
BuckhannOn and Northern railroads
to a connection ut ltlkins, w. Va. with
the Coal & Coke railroad of the Davis
lSlkins interests The aim of Senator
Davis In the building of this road was
to open the great coal tracts extend
lug through the mountains from Elk
ms to Charleston about $50 miles.
ALREADY in Operation.
This read now has in operation ut
its upper or eastern end about %
| ,,tl f,tt In S.,t,
the Iuckhannon river, and mt It's low
or or western end ~ miles from
| Charleston 10 GasSlway. This lat
ter is known MS the Charleston div
ClCndcnnin & Sutton railroad. The
! line between Cage and Gassaway is
now under construction and the cXpcc-
tation is that the whole road will he
Senators lIlkins and Davis have
about 100000 acres nf coal along this
line. while the Little Kunawha syndi-
cate has OH the same direct line near
~ GO,oO0 acres. The capital of tho
Coal IL Coke railroad rs 10000 900, on
ly $i,llS,S00 being issued, while tho
authorized bend issue is $4,000, 900
with $4,292,000 issued. Former Sen
atcr Henry G.. Davis is president. j
II. Davis, vicc-prcsilcnt; G. NJ. llcnl
Icy. secretary; Arthur Ice. treasurer;
H. G.. Davis, II. Is. Davis, j. II. Davis
Arthur Lee, S. b. Eliins II. G. Kerens
G NJ. lIcndlcy. w. II. Bower and Geo
Il. Price, directors.
II Is not the intention to follow the
Coal & Coke railroad To It's southern
terminus, but to strike off to the
southeast and reach the chesapeake
q Ohio at or near Stanton, Va, an,
continue over that road with II traffic
arrangement to which consent is sale
to haye alEeu'lX ReGS aa vSpcr,tTteeGf W. ~
community-ofintcrcst crowd, H. Mex
Twombly. Chnunccy NJ. Dcpcw an,
w. H. Newman, representing the New
York Central and S. NJ. Provost, Sam
ncl Itca and John =. Green, the Penn
sylvanin.
Shortest to the Sea.
TT is said that TO Fairmont alon,
the new scaboard line will be 60 mile.
shorter than the Baltimore & Ohio
and II will he the shortest and best
route to the sea. being little shorter
than by the Pennsylvania to New
York. II was Mr.. RamScy's desire
when Could sought an Atlantic out
let fer the Wabash to strike down tC
Newport News instead of buying tho
Western Maryland, n scheme in when
lie never had any interest and i'm
which lie did not believe, although
he became n syndicate manager anl
later president. The road will place
Pittsburg In communication with one
or tho greatest exporting ports on the
Atlantic; will give il direct outlet
to the South; will open immense coal
field for shipment both north and
south; will open important sections of
West Virginia with Pittsburg and will
| traverse farming communities OF the
richest sort i'll Washington ana Greene
counties 1T will also give tho Con-
ncllsvillc coke region a new outlet
ana Will open many new markets for
l'ittsburg. Bankers regard it as the
hest railroad proposition outlined in or
near Pittsburg since the Lake Eric
sas built"
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