The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1879-11-25

FORMATION OF MYSTERIOUS COMPANY FOR
THE CONSTRUCTION OF AN 81" ROADS 1T
TO BE A CONNECTING LINK OF THE PENNsYL-
MA MAIN LINES?
PHILADELPHIA Pa, Now q, 1871
A thoroughbred sensation was sprung upon the
railroad people of this city this morning III the an
nouncement that Mr.. Garrett. of the Baltimore anu
Ohio Railroad, had at last obtained thro"sh
connection between New York and the west ny
means OF an elevated road, which is 10 Cross
the entire city, The history of the organization u
the Keystone Railroad Company, which mas SUI"
denly become so prominent, Is very in'e'es'ins'
The corporation was chartered the 18th OF last
month. under the general railway law OF 1865. The
charter was obtained in such quiet manner that 1t
was not known of until to-day The route OF
the proposcd road is from Upper Darby Post
Once in Delaware county Ia small village a
short distance southwest of West Philadelphia), to
and across philadelphia to the junction or third ana
Jerks streets and also from the junction of Lancas-
ter avenue and Market street to the intersection or
Woodland avenue (thesyod Darby road) aud Fifty
second street The length OF the railway seated
ten miles thereabouts and the capital stock
of 100000 is divided into 1000 shares of
Edwin l.. Bodin. The directors men
who have never before been identified with railroad
interests. Their names are Edwin l.. Bodin 300
shares; Robert b. Esler. 800 shares; b. E. Davis 200
shares; S. p Hutchinson. 800 shares; W. NJ. Esler.
100 shares; Charles Z. Henry, 800 shares; =. Is.
EsIer 800 shares, and L. c. Troutnan, 100 shares.
AL these live in Philadelphia but every one OF
them when approached to-day declined to say any
or when it viii be built. The fact is
universally conceded that they are merely dummies
put forward to represent other and well known
Capitalists The capital the road is also place at
suspciousy small figure in order TO avoid attract
ing attention. Those who know assert that morse
railroad track could be laid down the route
proposed for double the amount stated in the char
ter. How the two extreme points are to be con-
nected by steam railway such as the charter calls
for cannot be learned but an elevated SYSTEM after
the city is reached. will alone be possible.
FORMATION OF THE COMPANY.
Mr.. Frederic Is. Esler, prominently connected
with the Collins expedition to Brazil. obtained the
charter Harrisburg, as before stated. during the
absence of the Secretary of the Commonwealth. 1t
has been learned that Mr.. Esler was commissioned
some time ago to associate with himself
for for p proposed railway company. If his
friends are to be believed. the authority
came from the Reading Railway Company. He did
as he directed. selecting trustworthy men. who
at the proper moment would make an assignment
their stock the capitalists. who for the present
selected selected his father and his 6rother. also
Charles Z. Henry young convey ANGER on Eleventh
street corner OF hehdgf avenue seTG y0@ne
man chosen was Robert H. Tout, builder in COM
Portable circumstances, OF No 2.o23 Vine street. He
would have been good for 800 shares but was al
lowed to take only 1O0 The Esler family
down for 900 out of 1000 shares, and the
rest OF the capitalists" were who
had never been heard of. On Third street
to-day it asserted that the real management OF
the new company had plenty of money, and that IN
q short time the organization will submit propo-
sition the City Council designating the streets to
be used. Opinion is undivided as to whether the
scheme is Intended to connect the Philadelphia.
Wilmington and Baltimore Railway with the Bound
Brook road to New York.
Colonel Quay, Secretary of the Commonwealth.
found in this city to-day. He stated that at the
time of the application for the charter by Mr. Esier
he was in Chicago. He declared that the charter
issued in strict conformity with the law although
made out by his deputy. Under it, in his opinion.
q steam road only can be run.