The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1906-03-27
RAILROAD RI AND Al D
LUMBER: MERGER [ |; c E||::.R:|
Norfolk and Southern and V>'i'rr V'ir-
ginia-C Carolina Coast Railway
In Deal.
IMMENSE CAPITAL L INVOLVED d Q
Several Railroads and Fourteen
Lumbcr Companies e BE
Taken Over.
The cs-IoIspatch., 5,

(Special 10 The Timcs-Dlspatch0
NORFOLK; VA, March 26.--'Thc entire
properties OF the Norfolk and Southern. u
Railroad, running from Norfolk through 81
eastern North Carolina; and the ~ irginl llaa.-s Ia
\ sC,arolina Coast RaiIroad. wlicl, recc.ntt.Hs I. 81
bcxa1, tic construct lou .uf a ne W is' way
line from Norfolk to Beaufort. Nc. ana
their lumber interests. are TO be urged
with an authorized capital Of s95,ooo,0oo
IN bonds and s25.0Oo00O In stock.
The railroad merger will give ;tota
trackaEc of 600 miles. and the lumber
merger will make a total of eighteen mus
with an output Of J 90 900 900 feet tanllu-
aily There will be 100000 acres OF timber
|sluntl ownedan fee, and u timber stump
age or a 1000 900, 900 feet.
Ihc railroad merger means the tax
ing over OF the Suffolk and Carolina.
running between Suffolk, Va. Elizabeth
City, ~ c., and Edcnton, n. G.; the
Pamlco, Oriental and Western running
from Ncwbern to Rayboro, ~ c. all OF
the Norfolk and Southern branch lines
betwecu Norfolk and Edcnton, together
With It's Pamlco division. through Mack
ey's Ferry to Bciaven, and thence on to
Plymouth and Washing ton. and the leases
| of the Atlantic and North Carolina Rail
road, running between Beaufort More
! head City and Goldsboro, \. G.
! Grading is now complete for nc~ line
| from A1nckey's Ferry TO Columbia. n. C..5
| and surveys are complete between Bay
| boro and Oriental. Tho road will be eX-
| tended out to Ncwhern opening Zip vast
| timber lands through Duplin county
It is stated that all tile lumber in
! terests OF tie consolidated properties In
I. yolycd would be brought into the John
y. Ropcr Lumber Company, Of this city,
Iithc big corporation recently bought by
| the Virginia ana Carolina Coast, and that
! Mr.. George w. Roper viii he pres
idcnt Of this subsidiary OF the larger
corporat tion Il The other lumber corpora
lions involved are the Blades Lumber
Company, OF Eliza beth City and the Bell
Haven Lumber Company, Of Bell Haven,
n. c., THE Camp Manufacturing Con,-
pany, of Franklin Va, may also pc m
volved 5
Fourteen saw and four planning mills
| would lr controlled by the' lumber m
| terests OF the merger ana the timnor
| owned by It's is3 estimated ut four billion
| feet. The output of the saw mills is now
| hct ween, 1o5, 900 and 15O,O00OOO feet an
| nually, ana this probably would be In
creased to 2oo,uoO0OO. 1t is said that
| reithcr the management of the Norfolk
and Southern or the Virginia and Caro-
! lima Coast would dominate the merger,
| although 1t has not yet developed who
would control.
Trnfficing In lumber would be the prln-
| cipal business OF the consolidation, al
though It is stated that the train service
over tho railroads would be improved.
,rhe roads are now doing much for
! tho upbuilding of Eastern North Caro-
4 linn, commercially and industrially. and
Norfolk, being the main terminus of The
roads, Is rcnping no small benefit from
| them, li ees Is4B5