The Big Sandy news. [volume] (Louisa, Ky.) 1885-1929, 1906-06-15
The c. &R. Railway.

New York. June 7.-statemants
were made i'm authoritative quarters
today to the effect that negotiaioas
are under way for the sale of the
Northern Coal & Coke Company, OF
Kentucky, to interests representing
the Chesapeake & Ohio Railway. This
deal Is regarded as the first step on
part Of the c. & o. to take over
the Detroit, Toledo & Ironton-Ann
Arbor system, including the Ohio &
Kentucky Bridge Company,
As stated in a New York dispatch
recently, banking interests Unidentified
with the Detroit, Toledo, & Irontoa-
Ann Arbor system, after beginning
negotiations for the sale Of the prop
erty, suddenly announced that the
railway was no longer TN the market
Al the same time flnanclers who had
UNDERWATER the Ohio & Kentucky
Bridge Company were notified that
all subscriptions were called off, as
y. p Morgan & Company had taken
over the enterprise.
Previous TO the bankruptcy Of the
C.. H. & D. Ry.. ambitious plans We're
projected in connection with the
Detroit, Toledo & Ironton. The zim-
Recommendations interests began the
construction Of bridge over the
Ohio river, from Ironton, o., to Ash
land, Ky. From Ashland a coal rail
way was to be built to the Northern
Coal & Coke Compaag's property IN
Southeastern Kentucky, which is all
controlled by the same interests.
III was the Intention TO develop The
coal properties. which consist Of more
than $4,000 acres of high grade BIZ
luminous coal, situated about $50
miles south Of Ashland This coal
was TO be distributed through the
Middle States and hauled TO the
Great Lakes and ultimately a line
was To be constructed Eastward 10
gain an outlet for the product to the
Atlantic seaboard
The plan was practically abandon-
ed when the deal for the sale of the
c., II. & d. by the same interests t5
the Erie fell through While work
on the bridge was continued, the
scheme to build 50-mile coal rail-
way through Kentucky was abandon
ed and efforts were made to sell the
coal property.
The keen competition which has
suddenly developed among the coal
roads Ia West Virginia, however, has
suddenly affected the destinies of tha
d., 7. & |. and its affiliated proper
ties. The Observation-Disclosures Rail-
road of II. II. Rogers, which is near
Ing mpletion, parallels the Norfolk
& Western, and will soon loom up rs
dangerous competitor of that road
and the c. & o. and the various
railroad interests are seeking to
strengthen their respective conditions
The acquisition of the D., 7. & !.
will enable the Chesapeake e. Ohio a.
distribute It's coal through the Ohio
and Indiana districts and take it 70
the lakes. At present the road s
hampered in disposing of its coal
north Of the Ohio river, owing to the
congestion of coal traffic IN Cinria-
and. The 1road, moreover, " forced
10 GseN ferry service across the
Ohio. The Ashland-Irontoa bridge viii
fac.State It's operations.
1t rs understood that the plan to
build the coal road south from Ash
laad has been abandoned recently az
the c. & o. has no need for il, hav-
ing quite recently built a connection
10 the northern Coal & Coke Com
pany's fields by means of its Big
sandy Railway extension from White
house. Ky, south to the coal region.
The c. & o. is controlled by the
Morgan Vanderbilt and PENNSYLVANIA
interests, so the reason actuatiug Che
Morgan interests IA taking the D.
II. & l. and the Ohio & Kentucky
bridge enterprise from the market is
evident.