The New York herald., 1879-12-13
WHO SHALL Be KINGl
Mr.. Tilden Prepared for a Struggle
with Mr.. Vanderbilt.
THE TRUNK LINE SCHEME ADVANCING.
A Necessary Link Supplied in the New
jersey Midland Railroad.

The railroad scheme in which Mr.. Samuel j. TIL
den is reported to be engaged-the equipment of
new trunk line to the West in rivalry with the New
York Centrpl--was very generally discussed in Wall
street yesterdays The advantages Of a, new trunk
road on the route proposed appreciated by
those who expressed opinion on the subject. and
many thought that Mr.. Vanderbilt had by no
means silenced the opposition when he let
the Wabash interest into the direction Of the
New York Central. One of the developments
yesterday was the rumored proposition made in Mr..
vanderbilts interest, by means of which Conrad N.
Jordan. Mr.. Tildens confidential FRIEND should not
control the Oswego Midland. Another interesting
item of news was that nearly a quarter of million
Of Oswego Midland stock bought yesterday in
Mr.. Tildens interest. The Syracuse despatch in the
HERALD Of yesterday relative to the bringing Of the
Syracuse and Chenango Valley Railroad and the Sy-
racuse and Phoenix Railroad into the combination
against New York Central also excited comment.
A gentleman we'll acquainted with Mr.. Tilden's
plans made the following statement to HERALD
porter yesterday condition that his own name
should not be mentioned :-"I will give you point
on this scheme against the New York Central" he
said, (which you have not yet published. Mr.. Til
den has large interest in the Jersey City and Al
bany Railroad besides the interests you have already
given him credit for and he is crawling the west
bank of the Hudson SO as to connect with the Della
ware ana dudgOn company ROAD Soutn OF Albany.
In this road he holds very large interest. You
see that affords entrance for the system
of roads. of which he is the moving spirit.
to New York Harbor outside Of the New York Cen
tral. This road opens to Haverstraw in a few days
Conrad N. Jordan, Tlden's right hand man, has
hand this thing, being director. The road is to
be made branch of the New Jersey Midland, and its
cost per mile the west side Of the Hudson much
less than that Of the Hudson River road. It will
consolidate with the company. having rights to
build along the canal and the course.
follows along the line OF the New York Central The
road costs only about onctenth the cost Of Wander
bits road. and if backed by plenty Of capital and
e ts' IN o New viii ~ vs to
watch
It was rumored on the street yesterday afternoon
that movement was on foot in the interest of New
York Central to prevent Conrad N Jordan from
in the interest of Mr.. Tilden 1t was stated on the
other hand. also. that nearly quarter of million
ing the day in Mr. Tilden's interest These securi-
ties were, it stated, purchased in different quar-
IN Of hs
going tbapsSv p ss sns
their advantage. Wall street man told
the reporter chat he had heard "Uncle Sammy was
considerably put out by the light that had been
thrown upon his operations, and that the fight for
the Oswego Midland would henceforth be bitter
ahead either although Conrad n. Jordan hasn' such
strong hold on the road he imagnes. and certain
propos that learned was made to-day is accepted
he will find that others will controlling in
terest instead of himself" The reporter pressed the
gentleman for the particulars Of this new phase Of
the matter, but the request was declined, as the
publication of the details might injure parties in
interest
Another gen tleman well known ON Wall street. said
that great many of the Oswego Midland securities
now being bought up were purchased by the same
brokers who negotiated the sale Of Mr.. Tildens ee-
I I'D road sto vru w. N
Europe.
"Mr. Vanderbilt has been very short-sighted in
several Of his financial operations. said broker.
'and has failed to appreciate the fact that when
good stock goes down 1t must come up again. Ita
all well enough to have fine property like the New
York Central if you take care of it. but If he mad
ceiver's certificates could have been obtained at
twenty-five cents on dollar tor quarter Of
of the road. Oswego Midland was once in the mar.
ket for less than the value Of its rolling stock and is
selling to-day at 49,. Vanderbilt now goes into
Wabash and Southwestern securities, but his time to
invest was when Wabash was selling for less than
the assessment on Its stock. and Southwestern
cents on o dollar. The fight between Tilden and
Vanderbilt promises to be very pretty one, for the
'od man is better equipped for bous with the rail-
road king than many people imagine suppose TIL
den Ia worth at least millions in round numbers
al OF Is IN snsps and c.n De
great wealth. is handicapped by great deal OF
water in his stocks. refer particularly to the
won't be SO very uneven after all. When Tilden
starts out in speculation You can rest assured that
he has laid out the land well beforehand. have
known him to take the census Of every section Of
country through which road was to run, estimate
nroposed M depot to which thew would BRING their
produce, calculate carefully the business already
awaiting development and the probable increase
only would he 70 ahead. l tell you that Samuel J.
Tiidens head Is long and level. and when he has
made up his mind rs to the intrinsic value of In
vestment heaven and earth can't move him."
COURAGE OF HIS CONVICTIONS.
''Ttlden resembles the late Commodore Vanderbilt
more than the present owner Of New York Central
in that he has the courage OF his opinions and isn't
to buy low 9rS to 5 York The
at 110, and that wouldn't have beon the road IL is
to-day il he hadn't bought interests that in time
made mistake by not taking Oswego Mid and when
he could have bought It for trining sum, and he
has accordingly been forced to knuckle down to the
Wabash men in order to save himself He may yet
discover that even that concession to parties who
Tilasns ga game against his favorte road EveryIody
knows how elevated road stock offered TO Van
derbilt before the lines were In operation ana he
pooh-poohed them as paying Investments and other
Instances might DO cited in which his judgment on
financial matters has been ut fault. and others in
consequence have stepped in and resped the profits"
w. s.. Dunn, of II. d. ClaHin Il Co., who is largely
interested in Oswego Midland. said that it was pos
siDle that this road would be part Of rival limo
the West. which Mr.. Tilden was equipping. but he
could not state positively whether such the
COMMON INTERESTS.
official OF the Erie Railway yesterday remarked -
"Lt is natural that people should be led to believe
that the Erie is Interested In the movement In New
Jersey Midland II could not be otherwise, ~ the
two roads have one great interest in common Both
outlets for the immense Orange county dairies,
and the largest part Of the income Of the New Jersey
Midland IL from the freight on milk. 1t runs through
when is milk The Erie derives mn,enso proats
from its milk traffic, and rs the New Jersey
Midland could successfully rival 1t In this regard
Ii is but natural that the Erie should watch
with anxiety every movement IN Midland. Now,
whether the Eric magnates directly concerned In
the purchase of the Midland In another question,
aud one am unable to answer. That the New York
aud Oswego Midland was purchased In Mr.. Tilden's
interest seems to be generally conceded, and Mr..
Tilden must have q connection between Middletown
and New YORK. He certainly does not intend
to place himself at the mercy, Of the Erie
resource Is the New Jersey Midland. There IA some
talk, see, of his leasing or buying the Montclar
and Greenwood Lake Railway. but that road is al
ready under the control of the Erie and enters Jer-
sey City at tho Erie depot Besides. the Montclair
al