Bluefield evening leader. [volume] (Bluefield, W. Va.) 1906-1911, 1908-03-24
s. & w. RAILROAD
SOLD TOO. G. %.
siS.ooo.Ooo PROPERTY CHANGES
HANDS AT STOCKHOLDERS
MEETING YESTERDAY-THo
+. RYANs OWNS BOTH con-
GERMS.

Bristol. Tenn. March 24.-At the
first annual meeting of the stock
holders OF the Carolina. Clinch-
field and Ohio railroad. held here
yesterday. and presided over by
President George l.. Carter. the
purchase OF the South and Western
railroad, n $50.0O0.OO0 project.
backed by Thomas +. Ryan. OF New
York. was approved. The transfer
was formal, both companies being
owned by the Thomas f. Ryan and
George Ia Carter interests.
j. Norment Powell held the prox,
les OF the Ryan interests, and
voted in the meeting. approving all
that had been done in the matter of
purchasing the South and Western.
IL is understood that something
like s2700O.000 has already been
spent on construction and that the
road when completed and equipped
VIII cost upwards OF $4,000, 900.
The road will be completed and put
into operation next year. when the
Clinchaeld Coal corporation, a $3O.-
100000 corporation, OF which Car
ter is at the head. will begin the de-
veiopment of the coal property in
Southwest Virginia. The meeting
adjourned one week.
An engineering corps Is I'm the
field surveying a direct north and
south route from Bostic to Spartan
burg, 8. G. Additional forces will
also be put on the work from Ma
rion TO Bostic. it's formerly contem-
plated connection with the Seaboard
Air Line. II is now believed, how
ever, that the Carolina, Clinchfeld
and Ohio will construct fits own
road In a directly southerly course
from Bostic via Spartanburg, on
down and parallel with Broad river,
through Columbia to Charleston, s.
G. Its northeastern terminus is TO
be Elkhorn, KY, where connection
will be made with the Chesapeake
and Ohio and other connections for
Cincinnati and Chicago.
In other words, the Carolina
Clinchfield and Ohio Is to be the
southwestern end OF the old Three
C's Chicago, Cincinnati e. Charles
toni, and. as It's name indicates, is
to extend through the two Carolnas
and the vast coalhelds OF the CIinch
mountain range OF Southwest Vir-
ginia and Southeastern Kentucky.
In this latter territory "The Clinch-
field Corporation" composed of
virtually the same capitalists) own
over one-half millions acres OF rich
bituminOus coal lands.
TO GET BUSY"
The Carolina, Clinchheld and
Ohio railroad, will, 1t is authorita-
lively stated, get very busy in the
immediate future with the work of
completion OF its construction from
Marion to Altapass, It's present
terminal point on top of the Blue
Ridge for It's Tennessee sectional
part extending from Johnson City
southwestward
The distance from Altapass TO
Marion is thirty-six miles. The
Marion half Of eighteen miles has
been graded. and the steel rails laid
thereon. The splendid steel bridge
over the Catawba river, two miles
out OF Marion, has been sufficiently
completed to admit of the crossing
thereon OF construction trains. On
the Altapass half OF eighteen miles
are sixteen tunnels, varying in
length from one-tenth to one-haIf
mile. all very heavy work, and II Is
upon this work that largely aug
mented forces will be placed.