The Big Stone Gap post. [volume] (Big Stone Gap, Wise County, Va.) 1892-1928, 1906-07-19
UNDER OPTION FOR PURCHASE
Chesapeake ( Ohio Railway Company
May Have Under 0 pHOn the Great
Lake Lines.

'ttuo anu lFontOn railways Is
about to be purchased By the
Chesapeake and Ohio. In the
event this deal is closed the c.
* O. viii secure "a through line
from the Great Lakes Of the
Worth 10 the South Atlantic
Coast.
This deal was reported some
timc ago and was denied. The
following special sent out from
Boston. Mass, will be interest
ing reading. A report is current
in financial circles here TO the
effect that the Chesapeake and
Ohio Railway, now has under
option for purchase the Detroit.
Toledo and Ironton Railway.
which called off all deals for its
sale some months ago. Nego-
tiations have been conducted
quietly since that time and il is
said that AN announcement will
be made shortly.
The Chesapeake and Ohio now
has traffic arrangement with
the Detroit. Toledo and Ironton
Go take AN the formers northern
/ bound coal for lake delivery.
which arrangement has given
complete satisfaction. The ac-
'qulsilon of the Detroit. Toledo
and lrouton would give the
Chesapeake ami Ohio "a through
une from the Seaboard TO the
lakes. and place 10 i'm a strong
position 90 meet the prospective
( competition Of the new Deep
water and lidewater Road As
the purchase of the control
would also give 10 control Of the
lronton Bridge, such deal
would be a most strategic move.
The foregoing news has been
F eNI ccted for some time accord
ing Co the information given
/ Che railroa d reporter of The
/ Bristol Courier. No is thought
/ that oy traffic arrangements the
/ m portan e. of the South &
/ Western viii be materially in
. cresed The IS. a. W. is being
. constructed from Elk Horn
/ City. Ky. 60 the South Carolina
/ Coast. 10 is stated that several
/ IDEALS have been projected al
+ lronton, Ohio. relative 20 the
new steel bridge which is TO be-
/ erected
The best informed railroad
people in the country assert that
"a vast amount of the traffic be
tween the Great Lakes and tn,
. South Atlantic Coast will b,
moved by the South and West
ern aud over the Ironton bridge
b The facilities of the Tidewatel
Railway. now in course of con
. struction, will also be greatl,
strengthened by the reported
q deal IN the event that it is con
! summated.
, The South and Western, it i
stated. viii be completed an,
, opened for operation by the en-,
b Of 1907 and the coal fields o
{ Virginia will be more exten
I sively developed than ever be
p fore Millions of dollars ar
{ being expended on the line O
p South and Western in efforts {,
e construct a first class line owe
the mountainous country lyins
between the coal fields and tn
Carolina coast. The engineer
claim that the grade will b
one-half of one per cent. Tn
b portion of the South and West
ern system being constructe
< thrOuge East Tennessee is cost
n ing more money than any othe
!. line that has been projected i
e this part of the country and tn
{ remarkable feats of engineerin
; have startled the entire wOrlC
5 The coal fields of SOuthwes
5 Virginia give promise of an in
Il teresting development, the lik
Il of which has never been n
a corded, and the fact that seN
s eral railway systems are racin
J. 20 enter the fields from th
}. South seems TO strengthen I'll
belief that the deals reporte
# frora the North are considerabl
J. more than financier's dreams.
Bristol Courier