The Big Stone Gap post. [volume] (Big Stone Gap, Wise County, Va.) 1892-1928, 1906-09-05

circles IN New York. saws the
Bristol Herald. that the South.
ern Railway has already taken
over or is about TO take over
the entire Virginia & South
western Railway. This rumor
emanated from New York. and
for some time il has been a mat
ter of common comment on the
streets Of that city.
1t has also been reported for
some time that the South q
Western Railway had an op-
tion on the Virginia * South
western. This is untrue it seems
as it Is stated that the South 4
Western has never had any in
terest in the Virginia u South.
western and did not have an
option on the property.
10 is believed that the articles
of transfer Of the property have
already been executed and If
they have not been delivered
and the deal finally consum.
mated. it will only be "A matter
of a few days until same is
closed.
Mr.. Ncharg in Europe.
Henry X. McHarg. of Stam-
ford. Conn. who held the con
trolling stock IN the Virginia x
Southwestern and W n O also
holds the controlling stock I'm
the Virginia Iron. Coal q Coke
Co, Is now in Europe and has
been there for several weeks.
/ IL is said that the arrangements
for the deal were closed when
Mr. McHarg sailed in July.
The sale viii be one OF the
biggest that has ever been made
m this section. and while abso-
lutely nothing is known as 90
the price at which the Virginia
x Southwestern h. being sold.
10 Is believed the property will
bring about ten million dollars.
Fight in Black Mountain Coal fields
" the report is true that the
Southern has purchased the
Virginia x Southwestern. the
fight in the Black Mountain
coal fields between the Louis
vile * Nashville and Y. x :.
. W. is really "a fight between
shat road and the Southern.
The Virginia a. Southwestern
IS owned by practically the
same capitalists who own the
+ Virginia Iron. Coal x Coke
/ Company. and as the Holston
/ River Railroad is being con
structed by the same interests,
when same is completed it will
answer the chief purpose for
which the Virginia y South
western is being held. that of
. delivering the coal products
and atfording an outlet 20 the
Southern and Norfolk x West
ern. When this road is COM
pleted the Y. l.. G. x G. Co.
viii have an outlet by a more
direct route 20 the Southern
Railway and 10 Is thought the
company will then have no use
for the Virginia q Southwest
ern hence the sale 60 the South
ern is being made
What does the Southern want
with the Y. x ). W. and has
1t any immediate railroad pro
leCt IN view in the purchaser is
a question which cannot be an
swered. Nothing is known of
the plans of the Southern Rail
way IN the reported purchase Of
the Virginia x Southwestern
and ii is probable the plans Of
the company will be divulged
as soon as the deal is officially
made public.
Valuable Coal Carrying Road.
The Virginia Il Southwestern
is valuable coal carrying road
and connects with the Louis
Vile x Nashville at Appalachia.
/ lt also has a connection with
the Norfolk & Western and is
the direct outlet of large area
of mining country in Southwest
/ Virginia. lt is about one hun
dred and forty miles in length
and extends to Mountain CITY
in Johnson county, Tenn, some
sixty miles from Bristol. It
was ORGANIZED n ouunhar Of