New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1878-05-08
MIR. VANDERBILTS RALLRO4DPLANS

INCREASING HIS WESTERN CONNECTIONS,
TUE ROCHESTER AND STATE LINE RAILROAD UNDER
HIS CONTROL REPORTED TO DE NEGOTIATING
FOR THE ATLANTIC AND GREAT WESTERN RAIL.
ROAD.
The report that William II. Vanderbilt was
working the control Of the Atlantic and Great
Western Railroad was discussed with much in.
terest among railroad men, last evening. rail-
road official, who is IN q position TO know
all the facts, stated TO TRIBUNE reporter
that Cornelius Vanderbilt, Augustus sche and other
directors OF the NewYOrk Central Road had made tour
Of inspection the Atlantic and Great Western Road,
examining the general condition OF IT'S roadbed,
rolling stock and shops, and that upon their
report would depend the ultimate action
OF Mr.. Vanderbilt. He stated further
that before Mr. Vanderbilt went abroad the PROPOSE
ton to secure. control of the Atlantic and
Great Western Road discussed and that
Mr.. Vanderbilt regarded IL as an important
Western connection for the NewYOrk Central furnish
ing direct communication with Cincinnati and an outlet
to St. Louis and the Colorado and Texas
traffic. As an initiatory step, he said,
Mr. Vanderbilt had secured control OF the
Rochester and state Line Railroad. Mr.. Vanderbilts
trip 10 Europe lie said, had something TO do with
the proposed leasing purchase OF the Atlantic and
bonds Of the road being owned in london BY English
capitalists who had made several Intellectual attempts
zion OF the road To secure good management
and have the road taken out OF the hands
OF receiver propositions had been made TO Mr. Wander
bt to assume control and II probable that either by
purchase after foreclosure sale or by lease the road
would come into his possession. -
Officials Of the New-YOrk, Lake Erie and western Rail-
way night admitted that the proposed control OF the
Atlantic and Great Western Railroad by Mr.. Vanderbilt
had been talked Of in railroad circles for several weeks
but they said that while IL known that the Roches
ter and State Line Railroad had passed into Mr. Wander.
bits power IL not generally believed that he would
assume the control OF the Atlantic aud Great western
The Rochester and State Line Railroad runs from
Rochester, on the NewYork Central, TO salamanca on
the Atlantic and Great Western Road, a distance
OF los miles It's financial condition AT tue
date OF the report, September 80, 1876 was Sap-
tai stock 81 800 900: paid ill., S23,23l 2O funded DEBT,
Sl1s2 600 floating debt S4733Ol 80 Total stoeh bonds
and debt III 6SO536 10. Cost OF road aud equipment
81 1853 $50 81 The earnings were: PASSENGERS 49i;
other sources SOP 1l-total, S2E417 o. The oper-
atng expenses S22579 %, aud the excess OF eh'
penses over earnings $l02 90. Al that time the
road was only completed thrty-hve miles IL
has since been fully constructed, and trains
are now running over It's entire length
THE Atlantic and Great Western Railroad, which
MIR Vanderbilt said to be negotiating for IN England
runs from Salamanca, n, " 10 Dayton, ONO distance
of 3s7 miles, and has branches and leased lines, m'
cludng the Cincinnati extension OF l15I miles, making
atotal length OF lines owned, leased and operated OF
ceiver since 1874 and had bonded debt AZ Az ua a
time OF $50 s92 ST. together with SD oV'
common, and S9,s76250 preferred stock Sio,JLoo,
leased line bonds; S2,s00452 81 interest u Ss
$500 74i, 81 for Of cars, etc, auu 80,
232 $40 81 other indebtedness, making sisnu
total of 81 Since that time INC pohueo in-
terest account has largely increased.