Daily Republican., 1879-11-01
The d. 4 w. stock Battle.

Wester railroad stocks is over, we al
enabled to look over the ground an
form a more correct opinion of tn
causes which have brought it about
The contest has been animated and W
regret to say somewhat acrimoniou
between some of our leading citizens
which was entirely unnecessary ha
the real facts OF the case been known
1t had been fully set forth at tn
start, that Mr.. Carter of Philadelphi
or any other private gentleman of mean
was anxious to invest his money il
railroad stock TO the great adyantsg,
of the stockholders and for the pur
pose Of increasing the utility and use
fulness of the road, it is very probable
that there would have been but lt,li
opposition to the scheme; but when i
was reported that the Pennsylvania
Railroad Company was clandestinely
buying up the stock through some un
known agency and for what purpose
not being definitely stated, we can not
wonder that it naturally stirred up the
local pride Of such men IS Colonel II
8. McComb our Wilmington rail.
road magnate, who firds no in
convenience whatever in carrying
two or three railroads like tho Della
ware Western in his pockets. Had it
bean openly stated by Mr.. Carter that
he wanted controlling interest il the
Delaware Western railroad, that he
might extend 1t to the Delaware river
and build wharves and piers there, or
to extend it to Oxford, and on by local
routes to the Cumberland coal regions,
or even to make it branch Of the Penn
sylvania railroad, there could have
been very little valid objection to it by
the stockholders and it is likely that
he would have got q controlling share
Of the stock. AS it is however Will
mington has triumphed and Col. Nc
Comb has become master Of the situa-
tion, and whatever the Delaware West
ern was TO have become under Mr. Car
ter il can be under Col. IcComb, and
we have every reason TO believe that
the change will result banefcially to
ths road and to the city Of Wit
mipgton, and being retained in
the hands OF Col. McComb, the Della
ware Western will still be more OF -
local corporation than if it had passed in
to the hands OF Mr.. Carter OF Philadel- |
phia. The furry any how has been
beneficial to those who had still held
IN TO their stocks, as q sudden rise from
BIS up to $2j and $27 per share was
Ioma!hing very unexpectsi and We
,annos wonder a! the eagerness Of the
holders OF stock to get shut of it on
hese terms. There is 10 probability
hereafter that uuisr any contingency
he stock will fall below $25 in
'alue, so that if no other good will re
ult from the change it has given Della
ware Western stock an advanced posi-
ion in the stock market. Nov that
he change has been effected, and Col.
dcConb controls 200 shares OF stock
more than all others possibly can at
he present combined, what is to be
he next movement
That OF course will have to depend
D the pleasure Of Col. McComb, and
e being al active enterprising business
ian is not likely to let 5000 shares OF ,
abroad stock lie idle at s2j per share
'ithout making some effort to advance ,
he price and make it more remuner-
tive. 1t is already announced that r
o more dividends are to '1e paid to the :
.ock holders, but that the profits arc Z
i to b3 spent in the improvement Of ,
le road. This means business. and
, the Colonel controls the most OF the :.
ock it shows that hs means to take :;
le responsibility and whatever the o
suits may be he will bear the lions ),
lare of the loss or reap the lions share
the profits, and o. this none should
,mplsin. The road being in excellent t
der now AMI well equipped, but b
tile improvement can be made c
advantage along the line of {
10 road, hence we may rea- d
,nably suppose that improvement! a
cans extension to the Delaware and T.
,tsnsion westward to Oxford, Pa. In Y
ther or both, but most especially in b
10 latter, the citizens Of Wilmington, 2
well a5 those along the line Of the
,ad, are TO be congratulated at the
lange which has taken place. There /
Just now almost a certainty that C
le road will be extended to the y
elaware front, and that ere long. In h
,e course of a few years more VIII v
Iiugtop will have a shipping point on
le Delaware, at which ocean steamers
ill stop to lay in their supplies and II
xchange freight and passengers. This, o
( course, will facilitate the completion u