The Daily state journal. [volume] (Alexandria, Va.) 1868-1874, 1871-02-06

ly" conceived project to
TAKE TIE srATK In As PANTHER
and'pay over certain percentages ia lieu Of
the latter's interest The matter was re-.
fsrred to the legislature aud the legislature
referred the matter to commission. The
monopoly was delighted with this, con.
ceiving, probably, that two or three or
more persons were much easier to "msn-
age" than as many dozen. Judge of their
Amusement, however, when, instead of
paying twenty five or thirty thousand dol
lars, they were
ORDERED TO FORK OVER $500,000
for the privilege of using the Harsmus
Cove submerged land. This, too, in view
of the fact, as they believed that tho mat
ter could be fixed just ~ they wanted it
for $s0,0o0-just ons-tcnth the money.
This is how the Camden and Amboy mo-
nopoly was euchered. The State hold the
right and lot bowers, the ace, the king
aud the queen,~and there was no use play
ing against such hand as that. What
was most humilisting in the matter, too,
was tho reflection that the Central railroad
had held AID was using acres upon acres
of the same kind of property without
paying cent for it, And 50, likewise,
with the Newark and New York railroad.
This, together with other matters, caused
= cessation of active work in the cove i'm
provements, which would involve an out
lay of about six millions of dollars.
Meanwhile the Pennsylvania people
kept knocking at the door, demanding
Ia
seeing the way exactly clear, "Camden and
Amboy" decided to work slowly, and this
is what led to the negotiations now under
consideration. The public are already
aware that the Pennsylvania read has now
come forward and offered to take lease.
as good as perpetual, of the Jersey roads,
agreeing to pay ten per cent. on the CAPT.
tai stock, in six monthly payments Seve-
raj meetings of the directors and leading
stockholders have already been held, but
without coming to any final settlement
10 order to discover the latest phase of the
situation Herald representative
CAPTURED MR.. A. L. DENNIS,
president of the monopoly" at the lat
tsr's elegant residence in Newark, New
Jersey, yesterday. Mr.. Dennis expressed
himself averse to appearing in print but
happy to afford any information in his
power to the New York Herald's represen-
tative. In reply to question whether it
was likely the proposed lease would be
effected, Mr.. Dennis said that under the
present state Of affairs he could not posi-
lively say. There were several PROPOSE
tons under consideration. One was the
lease, another was the Harsmus Cove out
lay for the improvement, and another the
Pennsylvania road to use their tracks.
The latter, in his estimation, was utterly
impractcable, as had been seriously de-
monstrated recently at the Bergen tunnel.
1t was Just as impossible, he thought, to
successfully run two powerful corporations
In this way as for
TWO wASHERwoHEN
to wash in the same tub. There are some |
Of the stockholders opposed to the lease,
but they generally knew but little about
railroad business. The leading stockhold-
ers, he thought, were favorable to the pro-
position, the Pennsylvania having offered |
to step right into the consolidated compa-
MES shoes and to go on with the Harsimus
SONo III ptOFCuiSut.
Another meeting of the leading officers
of the two roads will be held in few DAYS |
for the purpose of further discussing the
matter. On the subject of the States
right to land under water, Mr. Dennis is
of opinion that the State has none what
ever, at least above low water mark. If
the State has really such right then will
it make
NEW JERSEY THE RICHEST STATE IN THE
UNION.
To connection with his road Mr.. Dennis
said that there was run over it daily 1O8
regular trains. During the thirty.two
years it had been running between sixty
and seventy millions of people had been
over its lins. As the most ex-
traordnary fact in the history of railroad
ing here or in any other country, he said
that during the whole period not single
passenger had ever had limb broken
while sitting in bis seat in the car. Acct
tents had occurred to passen gers but never
when they had not exposed their persons
% danger.