The Brunswick news. [volume] (Brunswick, Ga.) 1906-2016, 1911-02-05
THE G. c. G. p. SITUATION AGAIN

thoroughly interesting was the
statement published in the Wall
Street ournal a few days ago and re-
produced in srhe News yesterday
morning touching the Georgia Coast
and Piedmont situation 1t, of course.
has been well known that for many
months the owners of the Georgia
Coast & Piedmont railroad have been
at work arranging the financial end
of transaction, looking to the ex-
tension of that line into the port of
handsome piece of property, very
wisely came to the conclusion some
time ago. that in order TO make it pro-
duce sufficient returns on the invest
ment. it must tap tide water for an
outlet. Brunswick was of course. the
logical point and these gentlemen
have teen working on plans with that
end in view for months. 1t was not
| known, however. that the Brunswick
Terminal and Railway Securities COM
pany was so closely identified with
the G. c. & P as toe Wall Street
Journal indicates.
As our people know. this company
is the holding concern of the Mutual
Light and Water company, and the
City & Suburban Railway company,
and is u reorganization Of the old
Brunswick company, the holdings of
which are all located in this city and
have been hooked about tie markets
of New York for years. However,
when the new company vas formed
and these local public service con-
nounced from New York that the
new movement would very soon be-
come a live, going, proposition, and
that a campaign OF developing its
properties in this city would follow.
This announcement in the Wall street
publication would serve to indicate
that the new company meant what it
said and is really getting busy for
Brunswick Another interesting fea-
ture of the publication in question
which, however, is not backed by
very sound reasoning, is that the Sea
board Air Line is to become in some
manner, unexplained, the operating
concern for the Georgia Coast &
! Piedmont In that event with the
Macon. Dublin & Savannah, which the
Seaboard already owns, that line
would have a direct route from At
lanta to the sea at Brunswick, with
the G. c. & P. extended from DarieI
to this city. OF course, there is moth
ing authentic in this Seaboard end o.
the story But it is true that the Sea
board has for several years been anx
ious to secure a seaport for it's At
lanta line, and this arrangement, a
a comparatively small cost would give
the road what is needed and would
make it very much stronger trunl
line than it is at present. OF on,
thing, there seems to be not th'
slightest doubt, and that is that bai
G. C. & P. railroad is to be extende'
to Brunswick and that too, at a yer!
early date. From what we have beer
able to gather, we are of the opinion
that the Brunswick Terminal ant
Railway Securities company is coop
Grating with the former company
looking to that end, and we are per
suaded that close business relation
ship between the two interests car
not fail to be of real value to IN,
growth and the development of thi
city.
At any rate the annual meeting o
the Brunswick Terminal and Rail
way Securities company will be hell
in, this city on Feb IA, and it is prob
able that some interesting announce
ment may follow that event.