The news-democrat. (Providence, R.I.) 1906-1909, 1907-06-27

Nfarsden j. Perry of this city. through
tf1he acquisition OF the control OF the Cen
Krai railroad OF Georgia, a system which
runs from Savannah TO Atlanta and Chat
tanooga. Tenn. with branches TO Birming-
ham and Montgomery, Ala, yesterday
secured line which makes him great
factor in Southern transportation, both by
hand and water The deal also marks the
entrance OF Mr.. Perry into competition
with the great Southern Railway com
pany, so far as it's lines traverse the same
expanse OF country.
Associated with Mr. Perry is Oakley
'Hhorne. president OF the Trust Company
OF America of New York city, who has
been interested with Mr.. Perry I'm other
fraction deals. one OF which is the inter
Borough traction system.
Some idea OF the magnitude OF the latest
deal may be gained when II is said that
xhe Central Railroad OF Georgia owns l4lo
miles of track and operates, through lease,
q total OF 1914 miles, in other words, IL
embraces approximately but 100 miles less
than the New York, New Haven and
Hartford railroad system as at present
constituted Like the New Haven, the
Central OF Georgia has marine adtuncts.
IL controls the Ocean Steamship company,
operating between Savannah, Boston and
New York, one OF the largest water carry
ing lines of staple cotton and the vege-
table products of the Southern territories
OF the United States.
The ACQUISITION OF the Central OF
Georgia, Il is thought in commercial cir
cles, Is in line with the giant consoida-
tion of North Carolina railroads which
Mr.. Perry effected last December. and
over which ne shill holds the guiding
hand. Although the two systems now
under Mr.. Perry's control do not touch,
only the state OF South Carolina inter-
'venes. a gap thnt can easily be closed
CENTRAL GEORGIA ROAD.
1t was announced yesterday by Adrian
HI. Joline, chairman of the Idchmond
Germinal Reorganization committee, from
whom the transfer OF the system takes
place. that the new controlling interests
an the Central Georgia system, Messrs.
Perry and Thorne, VIII operate the sys-
'nem sz an independent one for the benefit
OF STOCKHOLM this tending to make
the deal more satisfactory 20 Southern
.ers who have held for some time that
the Central OF Georgia was really under
the domination of the Southern railway,
although It did not appear among the
assets of the latter system, its COM
ipetitor in the field.
Messrs. Perry and ThorDe havo declared
their purpose TO operate and develop tho
system and they will accordingly hold at
least so per cent. of the stock in the cor
IN reality IL is the Southern railway which
Is disposing OF the Central of Georgia,
that systems interest in the stock OF the
Central has always beeen purely none
tary absolute control OF the stock having
been vested in outside parties Neverthe-
Bess. there has been a great deal of fault
finding In the South on account OF the
6outhern's influence in It's competing line,
and the present agitation against railroads
has not tended 10 improve the situation.
TOOK $o.0oo0OO STOCK.
The sale of the Central was made 10
MIR. Perry and Mr.. Thornc by the Rich
mond terminal reorganization commit
tee. which has had the control OF the
stock since 1886 and which has always
been represented as the owner OF the
system. The block transferred 90 Mr..
Perry and AIR. Thorne's hands consisted
of s. 900 OF the stock, the entire capt.
tai stock of the road. The reorganiza-
zion committee comprises Adrian II.
Joline. George Sheridan and Alexander
r. Lawton OF Savannah.
The laws OF the state Of Georgia, II is