1908 - New Railway Deal

[NW Mailing List]

Roanoke Times - April 21, 1908

New Railway Deal

   Bristol, Va., April 20 - Special - The Virginia and Southwestern 
Railway Company, of which Henry K. McHarg is president, and which has 
its general offices here, is about to acquire additional properties. 
It now has under consideration a proposition to purchase the Black 
Mountain Railway, recently completed, and extending from Applachia, 
Va., into the rich coal fields of Lee county, Virginia, and the 
Holston River Railroad , now being constructed from Moccasin Gap, 
Va., to Persia, Tenn., where it will connect with the Southern 
Railway. The purchase of these two properties, if the deal is 
consummated, will make the Virginia and Southwestern a rival of all 
other roads entering the Virginia coal fields in supplying the 
southern territory with fuel.
   A meeting of the stockholders of the Virginia and Southwestern 
Company will be held at the general offices here on April 29, with a 
view to consummating these deals and for the purpose of considering 
the matter of a bond issue to pay for the properties.

-----------------------------------

- Ron Davis, Roger Link