. Railway problems; . eference to rates on cotton, that Issue is mainly describedin this abstract. — Ed. THE SAVANNAH NAVAL STORES CASE 253 miles. The distance fromRiver Junction to Pensa-cola is 161 miles, and asPensacola is distant fromMobile and New Orleans104 miles and 245 miles,respectively, the distancefrom River Junction toMobile and New Orleansis 265 miles and 406 miles,respectively. The Pensacola & At-lantic division lies whollywithin the State ofFlorida. It was built l)ythe Pensacola & AtlanticRailroad Company withthe assistance of theLouisville & NashvilleRailroad Company, ands
. Railway problems; . eference to rates on cotton, that Issue is mainly describedin this abstract. — Ed. THE SAVANNAH NAVAL STORES CASE 253 miles. The distance fromRiver Junction to Pensa-cola is 161 miles, and asPensacola is distant fromMobile and New Orleans104 miles and 245 miles,respectively, the distancefrom River Junction toMobile and New Orleansis 265 miles and 406 miles,respectively. The Pensacola & At-lantic division lies whollywithin the State ofFlorida. It was built l)ythe Pensacola & AtlanticRailroad Company withthe assistance of theLouisville & NashvilleRailroad Company, andsubsequently purchasedunder a mortgage sale bythe latter comjDany. TheState of Florida grantedto the Pensacola & At-lantic Railroad Company3,890,619 acres of company had sold ofsaid grant up to June 12,1891,668, acres for1552, The Louis-ville & Nashville RailroadCompany from June 12,1891, to April 30, 1897,sold 571, acres for*516, Some ofthe deeds, however, were. •J, I i-uiu-ileil, and the total lUt s:iK-s I)}- both roads amounted onApril 30, ISO, to ltl>r),4Sl.;.4 ac-res for .ii<S(;0,; Aciordini; toastateniont imt in evidence lor the defense, theiNusaeola t\: Atlantie, considered as a distinct line, does not earnsullicient to pay ojterating expenses and interest on its lixedcharges. It appears that the Louisville & Nashville has beenoperating the road since the beoinning of the year 1885, andthat it bought the property under foreclosure sale in May, road is operated in connection with the other portions ofthis large system, and serves as a coiniection with the Plant Sys-tem and Florida Central & Peninsular in Florida. The Louis-ville \ Nashville Railroad Company is solvent and has increased its funded debt from !f;79,158,6G0 in 1895 10,693,060 in 1899, and during the fiscal year ended June30, 1899, it paid its accruing funded debt obligations and de-clared a dividend of 3
Size: 971px × 2574px
Photo credit: © Reading Room 2020 / Alamy / Afripics
License: Licensed
Model Released: No
Keywords: ., bookcentury1900, bookdecade1910, bookidrailwayprobl, bookyear1913
