| From the Memphis Appeal |
| |
| May 11, 1862 |
| |
| Augusta & Savannah Railroad |
| The Augusta Chronicle
says that all control over this road has passed into the hands of the
Georgia Central {Central (of Georgia)} railroad
and banking company. The nature of the transfer is in the form of a permanent
lease, the stockholders retaining their interest with a guarantee of
seven per cent. interest on their investments. The arrangement was
agreed upon by the contracting parties some weeks ago, but was not
perfected and carried into operation until Thursday. |
| Among the first fruits of the
change is an accommodation train, to run between Savannah and Augusta
daily. {The last 2 sentences are in the
Chronicle issue of the 4th, but not copied by the Appeal} |
|