The Cincinnati daily star. [volume] ([Cincinnati, Ohio]) 1875-1880, 1880-03-22
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RAILROAD RUMORS
Which Appear to Have no Foundation
titsF a1 In Fact. w .4

The air is full OF rumors Of railroad COM
binations said to have been quietly going
on of late looking to the practical capture
of the Cincinnati Southern by Eastern
capitalists 1t is this morning alleged that
the control of the c., H. Il d. road Las
been secured by New York parties under
the lead of Keene, the eby controlling the
lines hence to Toledo and Cleveland, who
will withdraw the Dayton Short-line from
the track of the Cincinnati u Baltimore
Road and concentrate all the business at
the Hamilton & Dayton Depot, Disregard
ing the existing contract. ls
THIS gobble has been done by securing a
majority Of the G., H. & D. stock, which
being accomplished enabled them to with
draW from the market on Saturday. '
1t is also stated that the control of the
Ohio Mississippi Road has been likewise
secured, and that Mr.. Garrett OF the Balti-
more Il Ohio Road, has sold out his o. u
NJ. stock at 40 cents that cost him IL.
Rumer has it that the same parties have
also obtained control of the Cincinnati, lndi-
annapolis, Chicago & st. Louis Road, giving
the combination absolute control of the
whole system OF roads north, east and
west of Il is city, excepting only the Baltil-
more & Ohio and Pennsylvania Central,
and virtually placing the Cincinnati South
erm's head in chancery and at its mercy.
GENERAL DENIAL,
In about the above shape the rumors are
given this morning.
A STAR representative visited a number
of the offices nf railr ads alleged to have
| been gobbled and ELECTED what seems to
be complete contrad ction of the above
rumors. Mr.. Ingalls,, of the Cincinnati,
indianapolis, Chicago & st. Lonis Com
pany, late L. & c., is absent, but Judge
Hoadly authorized an explicit denial ol
any change of ownership as to that road
\ or any considerable recent change of stock
/ MIR. King, OF the Baltimore g. Ohio Co.,
is also absent in Baltimore. but no one con
nected with that Office knew of any such
gobble, and in subsequent interview with
Mr. Short, Secretary of the c., II. u d
Road, that gentleman stated that ihe state
ments as to the O. & NJ. Road could not be
true, since that road is in the hands OF 9
Receiver, and can not be got out and into
the hands uf an anacol da combination
without first, purchase of stock. and sec
ond. payment of some 81, 600, 900 OF in
debtedness.
II He said that there had been some $50,
900 of the c., H. & D. stock in the hands o
brokers for some time past, and this was al
he knew offered for sale or that had beel
sought by anybody. He thought q, II. !
d. stock at present figures good invest
ment on its own intrinsic merits.
Mr.. Shattuc of the Atlantic & Grea
, Western Road, knew nothing OF any sucl
transaction.
He said that he had heard from moneye'
men that Mr.. Theodore Cook had beel
purchasing considerable stock in the C.
H. & D. Road, and rumor had it that b
would be elected its President in the cleo
ton to be held on the second Tuesday il
, June. If so the matter seemed likely
movement to secure the control of tina
road in the interest Of Cincinnati rathe
than Eastern capitalists
Mr. Shattuc stated the important fac
that Mr.. Devereux had secured the Gas
Buildings in Cleveland at cost of $75, ,00(
and ON the 1st of May would move all tn
Company's offices to that city. At presen
the General Passenger and the Genera
Freight Offices are in this city, and til
AuditJr, Treasurer. Master Mechanic, Pay
master, Master Car Builder and Secretary
offices are at Meadvile, Pa.