1907 - Virginia Railway has been sold

[NW Mailing List]

Roanoke Times - July 11, 1907

VIRGINIA RAILWAY HAS BEEN SOLD

Control Passes From Rogers and Standard Oil to Philadelphia Syndicate

Richmond, Va., July 10 -- Special -- According  to a well defined 
rumor in financial circles the Virginian Railway Company, formerly 
the Tidewater, has passed from the control of the Standard Oil 
Company and H. H. Rogers, and is now owned and controlled by a 
Philadelphia syndicate. This syndicate, it is said, is not the United 
Gas Improvement Company, which is a branch of the Standard Oil, but 
is an independent syndicate of capitalists organized for the purpose 
of taking over the railway and letting the Standard Oil out. It is 
believed that the syndicate intends having a terminal in Richmond. It 
is said that plans for bringing the line into Richmond are already on 
foot. It is also rumored that the Virginia railway has acquired the 
Tidewater and Western, formerly the Farmville and Powhatan, a narrow 
gauge line, and will use the bed of this line as a part of route to Richmond.

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Comment: Once again speculation and misinformation abound in the 
early 20th century.

- Ron Davis, Roger Link