The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1905-10-03
New Management of Raj
eigh and PamIico.
WORK TO BE PUSHED
Early Completion Desired. C. 0. Haines
of New York, Succeeded Capt. Tur-
ner. Adam Tredwell, of Norfolk,
Sec.Treas. Eight New Directors.
No Company Interested.

"A was announced exclusively in
the News and Observer yesterday
as the result Of negotiations that
have been conducted during the past
month the controlling interest In the
Raleigh and Pamlico Sound Railway
las been purchased. The names of
the buyers have not been announced,
but they are represented by Mr.. G. o.
Haines of New York. who has been
i'm the city since the deal was con-
summated, which occurred last Thurs
day. September 28th. The road itself
was not bought, only the controlling
interest having been acquired. The
amount paid in the deal has not been
divulged.
At the meeting of the directors of
the road Thursday the designations
of Messrs. f. b. Barbee, j. c. Drewry
and DR.. S. III. Croker were rendered
and accepted. 1t VIII be remembered
that Capt. j. ]. Thomas resigned as
director several weeks ago. The new
interests then assumed control, and
the following gentlemen were elected
directors: S. c. Bragaw, of Wash
ington y. c.; Adam Tredwell of
Norfolk; Fergus. Reid, Of Norfolk;
G. o. Haines. of New York; &. B.
Barbee, of Raleigh; Capt. j. NJ. Tur-
ner, of Raleigh; T. NJ. Washington,
Vile.
Mr.. C. o. Haines was elected presi-
dent and Mr.. Adam Tredwell was
made secretary and treasurer. Mr..
John w. Stewart, formerly chief en-
gineer of the Santa Fee. of New
Mexico, and more recently of Ten
nessee. q well-known engineering eX-
pert, was elected chief engineer.
Mr.. Haines was seen last night and
interviewed = regard to the change.
Mr.. Haines said the number of per-
sops interested in the purchase was
not large, but he would not give
their names. He stated emphaticaly
that no company or corporation was
interested. and that there was no
truth in the reports that either the
Standard Oil Company, the Atlantic
and North Carolina, the Atlantic
Coast Line or the Norfolk and South
ern was interested. I'VE represent
not a company. but individuals" said
Mr.. Haines. He would not state the
nativity of of the purchasers, nor
whether they were financiers or ordi-
nary stockholders. He said they were
not promoters
For several years Mr.. Haines was
manager of the Atlantic and Danville.
and possesses broad experience i'm
railroading. When asked the inten-
ton of the new management, he said:
'"rhe purpose of the new element is
only to push on the road more rapid
ly to completion to Washington, n.
c. 1t is possible that we may build
farther, constructing a road to New
Bern, but this latter is dependent
upon the people Of New Bern them
selves We now have q competent
corps In the field locating a line be-
tween Washington and New Bern,
and the survey is completed to within
eight miles from the latter place and
will be finished in two or three weeks.
Both Mr.. Stewart and / have al
ready gone over part of the work
that has heretofore been done on the
road between Raleigh and Washing
ton. and we both are well pleased
with it's character, and plans are be-
ing made to press the work on as
rapidly as possible TO completion. 1t
is impossible to say just when 1t VIII
be completed. The track has been
laid nine and one-half miles east of
Raleigh, and the grading is five miles
farther We shall continue it with
larger forces, and it will be finished in
the shortest time possible and practi-
cable, with due regard to economy
and good work. There are now
about one hundred convicts on the
road and we shall want more, FOR
we are going to employ more con-
tractors, and this will necessarily
draw away labor from the farms.
Mr.. Haines remarked that the con-
tinuance OF the line was up to New
Bern, as the territory to be traversed
by the extension is extremely difficult
to railroad constructing, and VIII be
OF tremendous expense, compared
with the cost of building the line on
the stretch from Raleigh to Washing
ton. New Bern will be asked to assist
I'm financing the continuation of that
end of the line. as IL was stated that 1t
would be of eormous value to that
city ad its trucking interests 1t Is
believed that by connecting with the
lines at Norfolk the New Bern truck
ers can place their produce on the
New York market twelve hours
earlier than they can now place 1t.
because of the trip via Goldsboro and
the Coast Line and the almost in
evitable congestion on the big Penn
sylvania lines.
In 1903 Mr.. Haines and Mr.. Bragaw
chartered the North Carolina and
Ohio Railroad, which was TO have
bulded over practically the same ter
rtory that will be traversed by the
n slxxysa