The sun. [volume] (New York [N.Y.]) 1833-1916, 1877-09-18
COL. TOM SCUTTS RAILROAD.
PURCHASING THE RIGHTS or TIE EM-
PIRE FAST EREIGHT LINE
The Organization by which the Inside King
Enriched Themselves at the Expense o'
the stucishoIders-Thc Effect OF the snic'

the StuciShoIders-Thc Effect OF the Snic'
PHILADELPHIA, Sept 1.-THE directors
Of the Pennsylvania Railroad Company met to-
day, and the negotiations for the purchase oi
the property and rights OF the Empire Trans
portaton Company were practically concluded.
although the details have not yet been ilnally
arranged This Empire line has for years con-
trocd largo part Of the enormous fast freight
business on the Pennsylvania system OF rall-
ronds, at an excessive annual profit. and when
It IA considered that tho principal stock
holders OF tho Empire line are officers
and directors Of tho Pennsylvania Rail-
road Company the yearly profits which the
inside Ring have baggcd for years at the
expense of the smaller stockholders can be I'M
agincd. II not calculated The sucking pro-
pensitics of these fast freight lines have long
been matter of sore grievance to the general
stockholders who understood the Credit Mo-
bilcr sort OF relation which they boro to the
main line. hut sufficient headway could never
be mndc against the powerful combination TO
cut on this gigantic lccch. Under the rule OF
John Edgar Thompson this enrichment OF the
OH 'ers aud principal directors Of the company
at the expense % the general stockholders was
discouraged hut since MIR. Scott took the rcins
the fast freight lines. hsadcd By the Empire,
have lourishcd ike bay trees.
1t has been notorious Tint this fr'lght COM
pnny could ship twenty-five per cent. chcap"r
than could the regular freight system oi Tue
lehhsyNhhlh 'piilhny, umnn m W NJ, NE
uunc 10 us nurafe lrriSnDr9 IRON, lipm r raiV'rT's e,s
ll' rrtu"r iiie; IN o.ui 90 t.u'ils ' i.' v,,riro
sl"'uiu'lphs,li W' $40 Nh"l'IS :" y, W. iiul,,it l,t
| oomphny, lhe oill'",r oi tiie Ie%hhhI % , ',ini,
hallfoad company are now lnklhS alN an'ur II, u.
thr huc anu cry iisi,li9t We li,ei, rit' ~ VIII,
| ~ hnmmrrlhE upNn thr sl''k vl u' NpIilpany
dNliy IN ih" lnhfh'IS, 10, lenllMr lhiih lh,is
such large sums 10y ne Stle ol th'lr sl,iN ~ @ tle
| Empire pnphny as VIII EtrHty ohIttu lic,i-
selves. lhey propose u, coh'lilai pupllt 5vht, ~,
| ment by huNing lhcileclNrS OUT ~ ~ shlu @ tlu'
the nrc"ssiiv ior rnislhs ,moh'N 10 in,,et puv pi
mrnls on account oi ne lvAas i1'liic @ haii @ Out
mus Hoou urdl 10 20 Wlll ulis y, u a., ~ wv =
Nlrtu" on tne part OF inc leaulhS "lhri"is VI 'ho
/ company. g.
| = lhe presence IN inc CITY ito-nlsnt o. eA-uV,N.
/ hfoWn OF tennessee, ll" l'NiinH UlIcI,'"r ii lii
inqt Snl@ldy-srrking rohi. u ,omp"R9'fn ,. a. il'
| r. 10y botl4E'r ui ~. LOUIS ms ChlSi Heulon =
ant in the loiiyinc business At Washington is
/ supposed &" Dr. significant IhrN my n'rn @ IN III
/ CLOSES cunsultuuuu wan Col. S.1u during th',
| that the member oi the lH-t llHNos couiinis~.o on
/ To- NeN Oriyuu- II to ho pui iii els r. seirni 81
the 7 sXas Pacific C.mlouy. 50 ~ - Jet "l.
Scott down eu-iy The 's'rlii"n ui inc in-
pire Fast Freight lin" at this time - Wei IN
derstool to be "a lieong from the wrath 10 com >,
which threatens ~ the next ANNUAL meeting ot
tho penusylNH COMPANY n March. Mhrn i
T. thought the nntagOnism 90 the present ulr"'-
ton Will assume proportions ana purposes
hardly short Of those II u mob.
This sale of the Fmpirn line docs not include
the Erie and Western Transportation company.
the capital stock Of WlI"n lS owned iy- ll'