The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1907-03-09
Big Railroad Deal Con-
Summdted Before Cor
pOrdti6n Commission
ROGERS INTERESTS
TO EXTEND LINES
Charter Issued Changing Name of
Tidewater and Deepwater to
"Virginian" and 1ncreas-
ing Capital Stock to
$33,5oo,ooo-New
System.

One of the most important and far
teaching railroad transactions ever made
IN Virginia was consummatcd before the
Corporation Commission Yesterday when
u charter was Issued changing the name
OF the Tidewater Railway Company TO
the Virginian Railway Company, and IN
crcasing the capital stock from 500, 600
10 s3$.50o, 900.
Captain Thomas ID. Ransom, OF staun-
ton, vce-presidant OF the Tidewater who
VIII occupy like position with the yir-
einlan Company, brought the papers be-
fore the commission and secured the
hcw charter.
The increasing of the capital stock by
such iicapy amount brought In a com
Portable additional charter fee OF 81, $50.
Ncapthin Ransom also secured a charter
for tho VIrginan Terminal Railway
Company OF Norfolk, and on this he
paid charter fee of $3.50 the State hav-
Ing got from this source alone in one
DAY the sum Of 5000.
Significant Move
Tho issuing of these two charters Is
Significant move In the railroad world
and 1t means a great deal more than
The Tidewater Railway. which is be-
Ing rapidly constructed from a point in
Giles county, on the West Virginia line,
10 deep water al Norfolk. connects with
what Is known as the Deepwatcr Rail-
way, which is now operating through
rich coal fields IN West Virginia, The
object of the new concern is 10 merge
these two lines into one great system.
Eliown as the Yirginian Railway Com
y. tc a,-ptx,, Il
ultimately to establish and operate n
through all-rail line from the Grea,
Lakes to deep water terminal a, Nor
folk. S'7' Il
The Virgnian Terminal Railway
company viii take over and operat.
folk.
Now in Operation.
Ihe Deepwatcr Railway, of Yves,
nlrei1iia has been completed and is
being operated, and the Tidewater l.
tlready operating on about eighty
miles OF its finished track out of Nor.
folk. ~
Work Is being pushed on the entire
iihe' an miles and miles of track arc
completed In various sections OF yir-
Eihia through which the road will run
Both the properties are financed an,
practically, II not wholly owned b,
~. H. Rogers, Of New York, the C;rea
standard oil king and his evident de
termination to consolidate them an,
extend the line under the name OF tn.
Nirginian Railway Company as fal
North as the Great Lakes, Will mea,
inc inauguration of another powerful
railway system in this country
me new name "Virginian," is Ger
tainiy fitting one for the Tldewatc
and Deepwatcr companies, taken to
Ecthsr, they operate wholly within tn
two Virglnlas.
To Be Great System.
The jump in the capital stock fror
100000 to sS3,5oO,o0 is rcmarkable
and 1T Is well understood that tn
merging of the two Rogers propertlo
under the new charter Just issued vii
be the first move. The extension t
t,e Grrlt Lakes Is expected to follow
The officers of the Virginian Railwa
Company, as named in the charter, ar
those OF the present Underwater Con,
pany. They follow:
President, William n. Page,
Ansted, w. Va.
Vicc-Prcsidcnt. Thomas u. Ran-
son. Stuunton.
Treasurer, George II. Church, Al
Wall Street, New York.
Assistant Treasurer, John j,
COrcli. Norfolk.
Secretary, Herbert u. Taylor,
StnuntOn.
Assistant Secretary, Raleigh g.
Page, AnSted, w. Va.
Directors, the above named ana
William II, I.andcrs, Henry \.
Walker aud Charles NJ, East, Stnun-
tOaa
Enlarge Terminals.
The charter Of the Virginian Term
nal Railway Company issued at II
salpo time Is significant. 1t very prol
ably means the enlargement and In
provement of the present termn
facilities of the Tdewater Railwt
ut Norfolk, which properties it w
ta..e over and operate at once.
The officers OF the Terminal Cor
pany. whose home Office will he
Norfolk are: President Walter
Taylor; Vice-President, w. II.
loyal; Secretary, William II. Whit
Jr, all OF Norfolk; Directors-R,
Taylor, IN, Robert II, Baldwin, n.
Elmore and ]. w. Wilcox.
The capital stock Isl maximum, $50
900; minimum, $1,000, ana the obje
as stated In the charter arc TO oy
and operate Il terminal railway at Nc
folk.
Captain Ransom. who has been
dcfatigable in his work In conneeti
with the building Of the Tidewat
road. was at the offices Of the COZ
mission for some time yesterday !
curing tho new charters and arrangi
other matters In connection with I
company.
He is stopping at the Richmo
Hotel, and will leave to-day for
"trip to the Bermuda Islands, where
viii spend several weeks In lnus
neeaed rest.
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