Perrysburg journal. (Perrysburg, Wood Co., O. [Ohio]) 186?-1965, 1871-11-03
RAILWAY MATTERS.
Reports of E0rnings-TheL Lease Of the
New Jersey Roads, etc.


THE LEASE OF THE NEW JERSEY ROAD.
As already stated, Philadelphia don
like the prospect OF a transfer of tn
headquarters and chief interest of tn
Pennsylvania Railroad Co. from tina
city to New York. The North Awerica.
says:
"The effect of the arrangement on th,
business of our port and city is wha
touches US first--this depends on the
views and intentions of the corpora
ton. For instance: II they emnloN
their gigantic resources for the edifica
tion of the city by which the road was
really created, we shall have no reason
to regret that Western and Interior pur.
chasers are obliged to go so many miles
further to buy what they can procure
more advantageously here. If they
assist heartily in giving success to our
steamship line, and discriminate in our
favor rather than against us, we shall be
well pleased with the preponderance of
a friendly power"
The Enquirer says
owe believe now, as we have always
done, that the interests of this great
corporation are with this State and this
city, which fostered it when il was
young and weak, ahd we further believe
that should it ever exercise a contrary
policy it alone will be the severest sui
ferer. The power of PENNSYLVANIA
which created the Pennsylvania Com
pany can, If they prove false to Pennsyl-
wanna, create another as strong as them
selves"
The N. Y. Tribune, in speaking of this
arrangement, says
4" This decision gives to the Pennsvl-
vania Company of which the Hon.
Thomas A. Scott is the controlling
spirit, an unbroken right of way from
tide water in n. Y Harbor to point far
out in the great spaces west of the
Rocky Mountains, and leading, possibly,
to the Pacific. 1t is too much power to
give to one corporation"
The magnitude of this lease may be
Judged by the fact that it transfers to the
Pennsylvania Co. 23 different Railways,
with an aggregate of 45S miles of main
track; together with the Delaware and
Raritan Canal and feeder, of 65 miles
the Jersey City Ferry Co.; the Camden
q Philadelphia Ferry Co.; and the
Delaware Bridge Co.-malIing in all %
different corporations, the organization
of each of which must be kept up.
WHEELING & LAKE ERIE ROAD.
Tho Go,I,,gI-,,
Mr.. A. b. Paul, agent OF this Com
pany, writes to one of our citizens that
Norwalk has subscribed $4,000 Milan
500, 900, New London S25, 900, and
West Salem $4,000 towards the build
ing of the proposed road. He urges up
on the city to make up the amount to
S4l5,000 and thinks the Road will be
built if that is done. We believe that it
has been finally decided here to make
an effort to secure the passage of law
allowing the city to pledge 100000 in
city bonds. If that cannot be done, we
have little hope of any subscriptions be-
ing made. That the Road will greatly
benefit this city there can be no donbt.
Coal is what we need and it is of vital
Importance that we get it at a lower
price than that now charged. The
Road that would give us coal at $3.50
to $500 per ton, is beyond question.
RAILWAY SALE AND RECONSTRUCTION.
The road in operation for some years
between Fremont and Findlay, Ohio,
was recently sold under order of the
United States Court, and purchased by
G.. I. NJ. Davis, on mortgage bond as
trustees. Now George T. NJ. Davis and
Sylvester Medberry, James Moore,
Squire Carlin, d. j. Corey, Lao. Raw
son, Charles w. Foster, and r. P.
Buckland have associated themselves
together to form a corporation, to be
known as the Erie & Louisville Railroad
Company; the number of directors shall
be nine, the names of the first directors
are Sylvester Medbery, James Moore,
David Corey, Lao. Rawson, G. w.
Foster, R. p. Buckland, c. Foster,
and w. S. Ballenger, and the period If
services of such directors shall be one
year. The amount of capital stock shall
be S3,500,0 900; such capital stock shall
be divided into 10000 shares, of $50
each
DETROIT AND THE CANADA SOUTHERN.
The people of Detroit have long COM
planned, as other cities have, OF the dis
elimination of Railways against local
and in favor of through traffic. The
Board of Trade has adopted preamble
and resolutions setting forth this grieY-
ance, and more particularly designed to
interest the Canada Southern Road in
Detroit and Detroit in that Road. One
resolution invites the officers of the
Company to visit the city, so that the
members of the Board "can have an op.
portunity of personal conference with
them, and lay before them statement
of our present and bygone sufIerence,
for want of Railroad facilities to do the
business OF the city and State, and which
facts will prove to them that there is II,
better opening for new Road on thi
continent than from Detroit eastward. >
Another resolution directs this actor
10 be notified to the present Canad
Roads, in order that they may knoy
"that in inviting the Canada Southern
Railway to become competitors witt
them at that point. they do it becaus
hitherto Michigan and its important in
terests have been willfully, persistent
and unjustifiably neglected by the Eng
lish managers of those lines and thei
, representatives on this side of the Al
lantic, and that it is the detcrminatio
| of tho ROa-d aS well aS Of pVarv hnsi,,a