Railroads -- United States; Railroads -- United States -- Finance
(1) Trackage rights over the Mobile & Ohio and the New Orleans &
Northeastern between Tupelo, Mississippi (on the Kansas City, Memphis &
Birmingham), and New Orleans, Louisiana.
(2) Trackage rights over the St. Louis, Iron Mountain & Southern and
the Texas & Pacific from a point opposite Memphis, Tennessee, to a
point opposite Baton Rouge, Louisiana.
(3) Trackage rights over the Yazoo & Mississippi Valley between Baton
Rouge, Louisiana, and New Orleans, Louisiana, and over certain tracks
in the latter city.
This afforded alternative routes of considerable directness from
Memphis to the Gulf, while from the junctions of the Frisco with the
Southern roads freight could be sent north to St. Louis and Chicago
over the Rock Island system’s own rails. Arrangements were made for the
construction of terminals in New Orleans by a subsidiary company whose
stock was to be owned and whose bonds were to be guaranteed by the
Southern and the St. Louis & San Francisco companies.[674]
At the present time the Rock Island is reaching south at two points
other than those so far mentioned. Under the name of the Rock Island,
Arkansas & Louisiana Railroad Company,[675] it has built almost due
south from Little Rock, Arkansas, while from New Orleans to Houston
it has completed a line which connects at Eunice, Louisiana, with the
Rock Island, Arkansas & Louisiana, and at Houston with the Trinity &
Brazos Valley Railway.[676] This last line runs from Houston to Fort
Worth and Dallas, Texas, and is controlled by a half-interest in its
capital stock. The Rock Island is thus in fair shape to share in the
south-bound grain movement from Kansas, Nebraska, and the Dakotas,
and to take a part in the north and south business of the Mississippi
Valley. There is no question but what the company is making a bold
bid for an enormous traffic, and that failure will not be due to any
narrowness of view.
Public-domain text, read in full here on John Shaqi.
Reviews
Reviews
No reviews yet
Be the first to share your thoughts on this work.
Elsewhere in the archive
Join the Discussion
Join the discussion
Sign in to leave a comment or review.
Sign InorCreate an account