The daily gazette. [volume] (Wilmington, Del.) 1874-1883, 1881-03-09

Iors IN securing that control ought to
De heartily and promptly approved of.
Ii am not mistaken, and | address
myself to the Pre- esident, by that pur-
chase we acquire large, and very
valuable wharf frontage at Balti-
more?'
Yes, sir, !" replied he President.
I'VE also acquire, | believe" con-
tinued Mr.. Millihen, San increased in
terest in the Junction Railroad?"
Yes, slr-we will hold two thirds
of The road"
"This is property which Presiden'
thomson made attempts 10 secure,
which President Scott frequently at
tempted to acquire and alike failed,
and now our new President has sur
passed even their ability as railroad
men oy securing it. only yesterday
Ill New York, in financial circles, it
was passed around that Mr.. Wander
but was about to bulld a rival road
from Philadelphia TO Baltimore; this
purchase renders that now unneces-
sary, and secures to the Pennsylvania
railroad Company absolute control of
all property necessary to open chan
nels for the trade of the entire coun-
try"
THE EFFECT OF THE NEWS.
Ihe news created a grea excitement
on Ihird street, Philadelphia, where
fennsy wanna stock went booming up-
Watus anu hoading took drop. Pres,-
deut Roberts action was the general
theme, and on every side there was the
Woru OF commendation, and the OK
pressed wonder of what The b. IS o.
would do about IT.
OFFICIALS DELIGHTED.
At the +, W. b. b. K. r. depot in
Philade lphia, the officials were great,
dehghted at the reception of the news.
and some of them were almost wiln
with JOY, notably General Ticket Agepi
ilanmun. President Hinckley joined
J n the general rejoicing, and confirmed
the announcement that the Pennsyiva.
ma Company now owned his road. liz
dsed II ~ generally believed that Presi-
dent Huxley managed the syndicate
that finally effected the transfer OF the
road.
IN THIS CITY,
The general feeling was QUE of satisfac
lon al the change. Railroad Off ceIs
auu employees arc deli hted land all open
" express he sentiment that they woulu
rather be employed by tue Pennsylva
MIA than by tho b timore &Ohio Com.
pany. The reason for this feeling was
aptIy Illustrated by wUI kuan, who
yesterday said: "Take man in th-
F., w. Il. b. Il, Il shops who gets 1925
per day; III the Pennsylvania shop. the
men in the same kind OF work get So 30
per day, but 10 the BAIT more & OHIO
shops, they get but $780,"
WHAT IS SAID ON WALL STREET.
Said a broker: 'The reported purchs 1e
OF the Wilmington road by the Pennsyl
vania road people has rather a depress-
ing effect on Jersey Central. 1t seems
Lhat Mr.. Gould, being friend of both
MI, Garrett anu Nj. Scott has refuse Il
TO take any part in any TRANSACTIONS
that would tend TO disturb The pleasant
relations that exist at present.
HOW THE SALE WAS EFFECTED.
1t became evident that there was diff
Guilty 10 making the transfer of the ma
jority of The stock to Me.srs. Garrett
and Haven, representing The Baltimore
and Ohio combination, several days ago
Their contract was with Mr.Thayer, ana
involved the transfer OF the msjarlty oi
the 32l ,465 shares of the Philadelphia,
Wilmington and Baltimore Railroad by
March 10, the price to be- paid being S7u
Der share. While Mr.. Thayer made this
contract Individually, this stock was, IL
reality conVrolled by a committee of te
Boston owners, and this committee has
now made better bargain with tic
Peunsylvania Company, giving them
$3.50, 900 more money aud also the ap-
preaching May dividend of So per
share. This committee, we are iuform-
ed, made contract at the Brevoort
Housed In New York, on Monday night.
by which they are To deliver to the
Pennsylvania Railroad 1lS,0eO shsres, OF
the maj jnrity o1 tue stock, BY July lst,
at S76 per share.
Nj essrs Garrett and Haven and the
parties they represented have made
settlement with Mr.. Thlser on terms
perfectly satisfactory to then selves, and
tha contract OF sale made by Mr.. Thayer
has been cancelled.
ABOUT THE COMPETING LINE.
What effect the present state of af-
fairs will have Upon tha proposed CON
peting line between Philadelphia and
Baltimore cannot at present be stateG.-
The Delaware Western people say u,
road Is bound to be bnilr, but as Col.
McComb is still in New York mo auiho
itative announcement can be made ss
far.a the ID. w. Is concerned
Levi u. BIRD, Il e., res dent count el
for the Baltimore & Ohio X Il Co, went
to New York, iast night in response to Il
telegram from Robert Garrett to meet
him there. AS Col McComb, VIM II
Wand rblIt and Jay Gould are also III
that city, an important railroad confer
ence may be expected to-day.
THE LATEST RUMoR.
The | .test rumor is to the effect that |
the Baltimore Il Ohio Railroad Com
pany will apply directly to the Della
ware Legislature for charter TO con-
struct competing limo, to pass through |
this State, without regard to the fran
chises sscul ed by the amendment 10 the |
Delaware Western charter. IL will be |
remembered thai the House of Repre- |
sentatives, during the pendency of the
Delaware Wes ern bill, unanimously
adopted resolution declaring its will
Iingness TO grant charter TO the Balti-
moie IL Ohio Railroad Company should
it openly apply for one. Future devel-
opments will be awaited with interest.