The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1871-01-26
RAILROAD CONSOLIDATION.
Obstacles TO the Proposed Unicu Of the Penn
syivania and New Jersey Railroads.

Obstacles TO the Proposed Unicu Of the PENN
syivania and New Jersey Railroads.
PHILADELPHIA, JAM Is 1871.
Your correspondent yesterday called at the princi-
pal oilce OF the Penhsy lyania Railroad Company in
search OF definite information regarding the nego
tations ROW pending between that and the Camden
and Alnboy and other New jersey railroad COM
pauies.
| found Mr.. Lompaert, the second wee president.
at the ONCE, and upon making known that wished
the information for the HERALD it was cheerfuIly
accorded. The following is record or the inter-
view
REPORTER--Mr. Lombaert, IN the absence OF Pfes
dent Scott / have called on you for something de-
finite in regard TO the important negot ations be-
tween the Pennsylvania Railroad and The united
companies Of New Jersey. Any information you can
give that Will throw new light on these negotIa-
tons would be very glad to receive
Mr.. LoSBAERT-Well, q number OF oyer-Zealous
the eve Of Contamination Tor the past three Weeks
The truth Is, the lease is no nearer consumInation
nov than u was Two years age. have nothing
or general interest.
REpoRrER-I have been Informed that the New
Jersey roads demand twelve per instead OF ten
interest on the value Of the road. 1t Is claimed
by some that this Is the RuhcOn which has not yet
Mr.. LoMBAERT-Tbere Is but one thing that has
operated against the lease from the beginning. This
is "a point on which we have as yet been unable to
agree.
REPoRTER-f not inconsistent with your duties
can you give me that polntg
I Mr. L0MBAEkr-It Is TINS: There Is not enough
room In Jersey City to accommodate tie business
that would bring there. We would frequently
have at Jersey City four hundred freight cars. You
know as does everybody who has seen the premises,
that the facilities at the Jersey City depot are not
extensive enough TO accommodate that amount OF
business We have INSISTED that before taking pos
session CT the road these facilities should be en-.
arged. TO this END II would be necessary 10 have
more tracks. We wish the New Jersey roads TO law
these tracks, and otherwise enlarge shipping and
receiving depots they Will not agree to do Il. If
they would get out OF the way would do 1t orr.
selves; but they won't give us chance--they are
not liberal enough. When this question OF Jersey
City yards and deDots IL settled the whole thing Is
fixed: there Will be nothing further TO prevent The
lease. But until we can come to an understanding
ABOUT that question the matter remains where Ii
is and has been for ihe past two years.
REPoRI ER--While am here ] would like TO in
quire TO the truth OF the statement IN the Recyyn
tnat the Pennsylvania Railroad had controlling
interest in Pacific EarCad stock. and which state
men. was sent 10 New York by the Associated Press.
Mr.. LoNBAERT-We ever owned a dcllar's worth
or their stock Our only business with the Pacific
road Is 10 ship and receive freight and Passengers
the same BY any other road The roads use each
other as mutual feeders. That IS all As TO the
PENNSYLVANIA road having controlling interest in
Pacific stocks IL Is false. We never owned d dol
lars wor II Of their stock
And thus Is definitely settled the yexad question OF
the lease Of the united companies and the story or
the Pacific stock The correct reason for The al
In Pacific Railroad bonds lies the fact that
they promptly paid the interest on their first mort
CAGES.