Wilmington daily gazette., 1874-05-06
Important Snle.
THE JUNCTION & BREAKwATRR RAILROAD
REPoRrED TO BE UNDER THE CONTROL
OF THE r., W. a Il. Il. X. Co.

OF THE r., w. IL Il. Il. r. Co.
The Commercial publishes an article stat
ing that the junction & Break water Rail-
road, extending from Milford To Iewes, has
been purchased by the p, w. * B. K. X.
Company, under whose control it will pass
about the first of June. 10 is understood
that Mr.. Banmeardner, President of the
Junction * Breakwater, has sold to the r.,
w. ~ B. his stock. Ho holds a contf olling
interest There are l.. 900 shares issued, OF
which he owns over G,000. Other holders
are the estate of Horace Greeley, IS 900;
Samuel Sinclair, (fornerly publisher OF tho
n. Y. TribuneD $4,000; ana several other
gentlemen In New York subscribed when
The road WAS projected, and who have found
the stock very poor investment.
The correctness OF the reported sale is not
doubted. down the State, but generally
credited. A director OF the Junction q
break water, who came up on the Delaware
Railroad. Monday, and one of the counsel
OF that road, beng inquired OF, stated dis
| tnctly that an arrangement had been made
though they declined 10 state its details An
official prominently connected with the
Delaware Road also made the same state.
ment.
There seems to be no doubt that a verbal
agreement has really been entered into and
| on the first OF June. therefore, the junction
s. Breakwater will be practically consoll-
dated with the Delaware Road. The J. *
Is. xtends from Harrington, (where it con-
| meets W ith the Delaware Il. r. to Milford
1 Georgetown and Loves, about 40 miles OF
| single track, and small amount Of rolling
stock. At Lewes in the frGit season, CON
nsction has been made by steamboats, to
| New York. Concerning this, hereafter, ap-
prehension Is felt, as ii Is feared by some
that 1t will not te considered TO the iHteft st
| Of the Delaware and its parent the F., w. Il
| b. r, X, to maintain the steamboat line
| The fruit growers in southern Delaware and
the adjoining sections OF Maryland, consid-
or this very important, as wafer shipment
| Is cheaper than transportation by rail Its
argued however that 1t would be 10 the in
terest OF the Delaware X. X. Co. to run all
its peaches as far up as MlddletOwn, down
to Lewes, and thence ship them TO New
York by the boats. This would make about
seventy. i've miles OF carriage by rail. ON
the other hand. the plan has heretofore o
been 10 bring all the fruit North from Har-
rington, Uhe point OF junction with the Del
ware Road,) aud this gave the Delaware
and r., w. u B. nearly one hundred miles
OF rail carriage, TO Philadelphia.
II The ex tension OF the railroad system con-
Meeting with the Junction IL Breakwstef
, and obtaining outlet Uy 1t at Lewes has
, beeu quite rapid or late. The new road
building 10 Franktord from Georgetown is
AL important feeder. More than this The
! road now under construction scross the
!, Eastern Shore OF Maryland To Harrington
promised 10 establish route between Bal
, limors anu New York. These railroad i'm =
lprovements no doubt stirred up the p, W
a x B. corporation, and made IL desire To cap
: ture the whole by securing the junction &
a Break water, aud its Loves outlet. Ii now
!, holds the whole PeDlnsula lar sy stem, secure
= lily.