The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1873-04-30

THE NEW JERSEY SOUTHERN RAILROAD
\ NEW ENTERPRISE OF JAY GouLD.-GFrom
the New York Times, April 2S.]-For sew
cral months past Jay Gould has kept aloof
from Wall street, and his prolonged alb
Scncc has occasioned much comment among
those who were accustomed to see him on
"'Change" and note the result of his various
SpcculationS. Within few days since the
spring campaign in stocks fairly COM
menced--he has returned to his accustomed
place in the street, and has again taken an
active part in speculation. 1t now transpireS
that the chief reason for his prolonged alb
scncc from Wall street was that he has been
busted with the details for grand railroad
scheme, which will at the same time
prove laying investment and enable
him to compete with the Erie rail-
road in lis through traffic from the
West and Southwest. A soon as the special
bill was passed by the Delaware Legislature,
Gould. who owned the greater part Of the
New Jersey Southern, contracted for the
building of thirty additional miles of rail
road, and for the construction of two new
steamers of great carrying capacity. The
thirty miles Of road completed the line in
Delaware and Maryland, and by means Of
the mammoth steamers the connections will
DS Nutcl' luz lOhu ulu tue
steamers arc under contract to be finished by
the first of July, at which time they will
probably be ready for the travclliD" public.
The steamer Metropolis, designed to run
from this city to Sandy Hook, is built TO
carry thrty-three loaded cars. She is $40
feet long. ci"hty-seyen feet wide, and has
| tracks and Swi chcs traycrSing every palt OF
her decks for the accommodation Of the cars.
The Delaware is about of the same dimca-
sions. and will carry twenty-tour loaded cars
| from Bayside across Delaware Bay. Thence
connecting roads will carry the passengers to
Baltimore, Richmond, Washington, or Nor
folk. TO the West, by the Baltimore and
Ohio road, Cine matt will be brought sew
en;y miles nearer New York than by t re
Erie or the New York Central. Branches
diyergc from the main line to all Important
points in New jersey, Delaware. and Mary
! land. The Erie people have become alarmed
at the prospect OF the completion OF this
road, and, rs runlor has it, have at
| tempted to form an alliance with the New
Jersey Southern, in order to avoid ruin
Gus competition in through traffic. 1t is
| hardly probable that the Erie road will sue
reed in gaining control OF the new route,
| either by purchase, agreement, or leiSe, rs
| tacit understanding already exists between
the Baltimore and Ohio and New Jersey
southern that the latter Shall remain an ill.,
dependent trunk line. Propositions looking
toward lease have also been made by other
lines, it being offered by one to guarantee an
interest OF seven per cent. upon the stock of
s., 900, O0J and the bonded debt of $G,000,00O.
An important meeting was held in Baltimore
on saturday by the representative interests
OF the New Jersey Southern and Baltimore
and Ohio roads, but the proceedings as yet
have not been made public. The affairs OF
the road have been the subject Of consider
able discussion in railroad and financial cir
ceS lately, and lis stock is becoming tea
ture in the Exchange.