The Big Sandy news. [volume] (Louisa, Ky.) 1885-1929, 1909-02-05
c. so. R. R.
Is Now In New Hands.
A More Progressive Policy is Prom
lsed by the New Owners.

Washington, Jan. SO.-For years
and years the Chesapeake and Ohio
railroad has been drifting and ptrug-
Cling along. its stockholders realiz-
Ing little, II any. returns for their
investment 1t cost the late Collis
=. Huntington millions upon millions
TO build II and since then millions
more have been expended in i'm
provements. For the last thirty
years the road has been seriously
Handicapped for the lack of money
for It's development.
Fortunately for the South and the
stockholders OF the road this han
dicap has been taken off and In a
few weeks the road will stand upon
It's own feet and become one OF the
great trunk lines OF the country. with
connections from the Atlantic - the
Pacific oceaps. The controlling in-
terest In the stock OF the G. and
o. has been purchased by syndi
cate OF nine wealthy men. prominent
ly identified with the railroad iil-
terests OF the country The syn
cicate represents a capital Of not less
than Sl5O,OO0.0OO.
IL Is headed by such well-known
capitalists as Edwin Hawley, Harry
Walters, OF Baltimore and New
York. the owner OF the Atlantic
Coast Line, which has the largest
ownership in the l.. a ~; T.. H..
Huntington. OF the Pacific Coast. n
Lephew OF the late c. p Huntngton,s
man OF great wealth In addition 10
these three large bonding houses IN
Baltimore and New York are includ-
ed In the syndicate. II is conced-
cd here that even Il. II. Hartman,
the railroad wizard. could not break
through the lines Of this strong
combination.
with all the money necessary. s
Is now the object OF the new owners
a. develop the property and make
the road one OF the best in the
country and this will be done
The Courler-Journal correspondent
can state, upon the highest authority
that no important changes VIII be
made under the new management.
kiessrs. Hawley and Huntington IrC
warm friends OF George w. Stevens
end they recognize In him most
capable railroad man, and he will
he retained as president,
Associated with Mr.. Hawley in
the purchase Of the Chesapeake aud
Ohio railroad are Frank Trumbull
who Is soon 10 retire from the pres.
icency Of the Colorado and Southern
railroad. recently sold by Mr.
Hawley TO the Chicago, Burlington
and Quincy. and F. W, Scott. OF
the banking firm OF Richmond
The so-called Hawley roads are the
Toledo. st, Louis and Western; the
Chicago & Alton, the Iowa Central
and the Minneapolis and st. Louis
The Chesapeake and Ohio connects
with none Of them, and the trans.
action has aroused speculation
IS to whether It was proposed u
connect the line with either the
Glover Leaf or Alton.
Two roads now in the hands Of
receivers might serve this purpos,
after fashion, the Cincinnati, Ham
iiton and Dayton, providing q
line between the Chesapeake end
Ohio at Cincinnati, and The Cl-vei
Leaf and Toledo, and the Chicago
Cincinnati and Louisville, a linc
between Cincinnati and the Altor
nd Chicago.
A meeting OF the stockholders 1
the road will be held February .
when the stock will be transftrte et
to the new owners, The general of
fees Of the company will remain a
Richmond, as Fred w. Scott, d
tnat city, is member OF the aev
syndicate. There is also n stor,
that the Hawley syndicate .nay pur
chase the Cincinnati, Hamilton iut
rs..,t,,, rrho &ntat amount ~ ~