Ashtabula weekly telegraph. (Ashtabula, Ohio) 1880-1886, 1880-10-29
NEW PABALLELRAILRoAD.
INCORPORATION At ALBANY.
Special dispatch to the Leader.


ALBANY, " Y, Oct. 1s.-The certificate
Of incorporation Of the Buffalo. Cleveland
& Chicago Railway Company has been filed
here. The company is formed Tor tine pur-
pose Of constructing road from Buffalo
southwesterly 10 the Stute line in Chau-
tauqua county thence vim Cleveland 10
Chicago. The length OF the road Zoo thi,
state is -iXty-eight miles. The existence
OF the company is limited to 100 years.
Capital stock 81 600, 600. in 10000 shares
Of 800 cath. The following are the di.
rectors for the first year: II. A. V. Post.
Charles c. Pomeroy, j. 6. Tuck. John b.
Reynolds, Monroe Chubb, Morgan G.. Post,
Charles Il. kimbuil, Thomas b. Curry j.
D. Mitchell, John 4. Hart, all Of New
York; Archer y. Martin, Summit, y. J.. ;
{. II. Clark, +. j. KImball. Philadelphia.
Ninety-four thousand dollars Of the capital
stock is subscribed by twenty.six persons.
In the Columbus special to the Ledder
Yesterday morning, was the following para
graph under the head OF incorporated: -
''The Buffalo, Cleveland & Chicago Rail
way Company line, passing through the
counties Of Ashtabula, Lake, Cuyahoga,
Lorain, Huron, Erie, Sandusky, Ottawa,
Wood, Lucas, Fulton and Williams. The
principal Office is to be in Cleveland. Cap
ltal stock SG,jO0,O0O, in shares Of 800
each.
This sounded like something big, and a
reporter at once investigated the matter
further. Judge S. Burke, who, it is un-
derst0od, had drawn up the articles Of in
corporation, was called upon and said:
"Ihe proposed new road is TO be built
by Eastern capitalists interested in the
Wabash, St. Louis d Pacific, the Delaware
Il Lackawanna, and few independent
monied men. II was first projected some
six months ago, and ! was employed to
draw up the articles Of Incorporation tor
this State. So far as | know nc Cleveland
capitalists are interested. The road j, to
be built because these men believe there is
a paying investment OF course the Lake
Shore goes through the same territory. but
1t is thought there is business enough for
both. 1t will run about parallel with the
Lake Shore and will connect with the
Wabash at Toledo at first and possibly Ia
ter lat Chicago. 1t is believed that double
track, steel rail road from here to Buffalo
will be paying investment, and surveys
have already been made east of here. The
time for beginning work has not yet been
fixed, but it will be shortly. At present
am not at liberty to give the names Of
the capitalists interested, though it Is sub
stantially Wabash movement for more
eastern business 1t is not likely that any
ruinous competition will be established for
the projectors believe there will be business
enough for both roads"
Superintendent John Thomas of the
Cleveland & Pittsburg road was interviewed
and said: 81 know nothing about the pro-
posed project The first / have heard
about 1t was this morning | have heard
that the Erie folks desire to connect with
some other road than the Lake Shore. do
not know who the parties are, but probably
Jay Gould may be at the head of it. \
new road could undoubtedly make money,
as there is business enough for both. | do
not say that it cannot be, for anything can
be. Should the road be built the eastern
terminus may be at Erie, Dunkirk or Duf
falo, and the western terminus at Toledo,
where it will connect with the Wabash
Mr. ]. T. Waun, private secretary of Mr..
J. II. DevereauX, was next attacked. Said
he: This is nothing new to me. l have
heard it intimated that such a road would
some day be. built, but l gave it only mo-
mentary thought. | know nothing more
about it than what | saw in Yesterdays pa
per. cannot imagine who the interested
parties are. do not know, nor have any
means Of knowing who they are. do not
think any Cleveland parties are interested.
Yes, think there is business enough for
two companies. do not know if it would
be paying investment or not, and yet
think it would be-"