Bedford inquirer. [volume] (Bedford, Pa.) 1857-1884, 1868-06-26

PITTsBURGH AND CoYSELLsvILLE RAIIRoAD.
Last week various rumors Of damaging
| character to this road were in current circu-
lation, amongst which was one to the effect
that consolidation had been effected between
the Pennsylvania Central and the Pittsburgh,
Fort Wayne & Chicago Roads. It has long
been an object with the Pittsburgh and Con-
| nellsville Road to form close connection. for
through trade, with the Pittsburgh, Fort Wayne
Il Chicago Road, and it was expected that
this road would subscribe 81 .OO0. 600 OF
the stock OF the Conuellsville Road. If the
consolidation above alluded to should occur.
other connections must necessarily be made
atP ittsburgh, and 81 ,o00, 600 Of stock must be
disposed Of elsewhere. This, however, could
be done, as the capitalists Of Baltimore city
would quickly take that amount This con-
solidation, however, has not been effected,
as will be seen by the following letter:
To the Editor Of The Pittsburgh Commercial:
6nd paragraph in the Chicago papers,
credited to the Commercial of the ID instant,
| asserting that the conference in New York,
between certain Of the managers Of the Penn
Hllfdith 4AAAlERdA 0DALAtfaiig hNQ lNE lkte
Fort Wayne and Chicago Railway Company,
had resulted in an arrangement to consolidate
the two roads, and that the contract was in
preparation and would be signed by both
parties by the middle of this month.
Several conferences have been held by
committees representing the two boards Of
directors, bat no arrangement to consolidate
the two roads has been agreed on or seriously
considered. No agreement of any kind has
been arrived at, and of course no contract is
being prepared for signature. What may be
the result Of future conference | do not be-
Eeve any one can with certainty predict,
excepting that the managers of the Pittsburgh,
Fort Wayne aud Chicago Railway Company
viii hardly agree 10 anything incompatible
with their duty to the public and the owners
Of the property. G. W. CAss.
President Of Pittsburgh and Fort Wayne
Railway.
Baltimore city retired her loan on the first
mortgage bonds of the Conuelsville Road on
condition that the company would secure a
subscription of g, ,000, 600, and proceed to
the completion Of the road within the time
specified by the law restoring its charter
three years. The Baltimore and Ohio Rail
road Company on Wednesday of last week
subscribed 81 600 600 worth of the stock, and
several gentlemen took a few hundred thous-
and more. If the contemplated consolida.
ton between the P. u C. road and p, f. ".
& c. road should not be effected the latter will
take $1,000 900 Of stock also, and a direct
route viii be had between Baltimore and Chica-
go. Should this fail, however, the necessary
sum will be raised in Baltimore and this city,
the road viii be finished and other connections
equally as desirable made.
The construction Of the road is fixed fact,
and the work viii be quickly begun Mr..
John Humbird, ofthis city, has the contract
for the building of Sand Patch tunnel, and
has been instructed to proceed with the work
and finish it. He viii commence work on
the tunnel on the lst of July, aud it will be
in about two years. BY that time
it is confidently expected that the entire road
will be in working order. and the city of Cum
berand viii be the central point on the great
highway from the West to the National Cap
ital, between Pittsburgh and Washington
Cumberland CiciliaR 1871 inst