Daily Republican., 1879-10-30
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For the past few days oonsider.bl.
interest has been excited in stock n,
cles BY Delaware Western RsiI,o.s
stock which has suddenly loomvd M
into Importance, and . great dali
OF which has changed hands At pricss
ranging all the way from $l6 to s25 ma,
share. a.t' p0'
It 10 almost impossible to get At thu
true inwardness Of the cause Of the riss
as the parties most interested ara ~
dry az powder when approached on tbs
subject, and regular know -nothipes a,
to tho ultimate object In view. or
course the natural supposition vould
be that either the p. W. & B.R.R
or the Pennsylvania Road or both vera
1T work In the matter. The Peupsyl.
vania to secure the road and thus on.
tain an outlet TO the Delaware, and the
r. W. * B. to prevent them from doing
80.
A tour among the prominent stock
brokers as well "a private holders Of
the stock fail 8 to elicit anything but
that the stock Is changing hands. and
the opinions as to whose interest Are
various. That somebody is making a
desperate effort to secure the control Of
the road is palpable, but whether that
somebody Is working In the interests of
either Of the corporations named or of
somebody's individual pocket, is Lot 80
plain.
From what we could CLEAN this morn
Ing 1t Ia very certain that In the latter
part of last week considerable stock
was purchased by an up town firm, on
behalf Of certain gentlemen who are
In the interest Of the Pennsylyapi,
Railroad. While apparently not act.
ing with the authority Of that Road
directly It ia certain that the ultimate
object Of the buyers was to throw the
control Of the road into the hands
Of the Pennsylvania. On account Of
these purchases, the stock began to
rise and went up from e14 10 $25, at
which price II stands to-day.
1t is further stated upon the authori.
ty Of some who ought to know, that "a
soon as the stocks began TO rise prom.
inent stockholder Of the railroad, 70.
siding In this city, also went into the
market as purchaser, and has been
for days past busily engaged through
his brokers In buying up all the stock
he can get, with an object to private
speculation. II is also stated that this
operator is even using arguments in
reference to the matter, which are cal.
culated to frightsn not only the timid,
but men Of apparently staid business
sense, into selling. His object" said
dealer to us this morning, and he
said 1t emphaticalIy, sis nothing more
nor less than TO double his money,
which he will do. He is in the interest
Of no corporation, but Is most assuredly
working in his own."
There is no doubt that II would be
not only to the Delaware
Western but TO the City of Wilmington
for the road to pass into the control Of
. corporation that would use It an
outlet TO the Delaware river at this
point. As far as the Psnnsylvanis
railroad Is concerned, their ownership
Of the Pomeroy road which connects
with the Delaware Western at Lsndsn.
berg, would insure them, IL they should
get control Of the latter, . direct line
from the Cumberland and Allegheny
coal regions to the Delaware river, ats
point about twenty miles nearer the
sea than any connection they now
have.
In all probability q pier would be
built upon the. river front aud consid-
srable shipping be done at this point.
II this should follow the advantages to
Wilmington as city are plainly to be
seen, and there Is no doubt that the
general sympathy Of the majority Of
our citizens is in favor Of the road
passing into the power Of corporation
that can do this.
Now II the first purchases Of stock
we're made in this direction legitimately,
and we have reason to believe that they
we're, those who are selling now to those
who are in the interest OF individual
'peculators, are Of course helping TO
lelay If not defeat their object, as it is
certain that II the spectators in ques,
ion are not In the interest ofa corpora.
ion, and 1t is emphaticsl.y stated tbsv
IRE not, OF course 1t follows that the
purchases are made with . view Of de-
handing price in the end, which per
,aps may be paid and perhaps not.
One thing is certain If the Pennsyi
'ania road has control Of the Pom4roy
md Delaware branch, and 1t is author.
lively stated that they have, and
hey should carry their freight over
hat road to points along the Delaware
instead Of sending 1t down by the Del
ware Western as they now do, the lat
or road would have nothing to depend
lpon but its local freight, which would
hardly support ii.
1t will plainly bs seen where the ID
erests Of the stockholders and the cit
Gems Of Wilmington lie In this matter,
nd our advice to those who wish TO
dvance those interests and hold stocks
Vould not be to go to broker that no!
My will be willing to inform them IN
those interest he is buying the STOCK
ut what use. it will likely be put TO-
nd If there is as stated a private spec
lator in the said business, using
be power already in his hands to fur
her individual interests, look ont 'ol
i'm.
Illness of Old Citizens.
Mr.. James C. Aiken, x-United Stsn
iarshal. Is lying sari0uslY Ill at hH