Delaware state journal. [volume] (Wilmington, Del.) 1870-1883, 1881-03-10

President Hinckley of the P, W. ar
road Is said to be well pleased with the
result. lie believes that the clause of the
Delaware Western charter reservine to IN,
Legislature the right to amend or reyoks
1t will keep capitalists from taking hold
Of the charter.
The Baltimore papers found B. 4 o.
officials in that city very reticent on the
subject. On the streets it Is conjeetured
says the Baltimore american, that tba
Pennsylvania has quietly bought up Col
McComb's Delaware Western charter.
representative of the american callej
at the residence OF Mr.. William Keys.r
second vice president OF the Baltimore 4
Ohio Railroad Company, and was told
that telegram had been received from
Mr.. Garrett confirming the report of m.
sale, but giving no particulars either of
the transaction or of his own PROCEEDINGS
in New York. When asked whether tIa
Baltimore 4 Ohio would or would NOT
build new road to Philadelphia, Mr.,
keyser replied that as yet he had no in.
formation on the subject, but that he
rather thought not. In his opinion
the Baltimore & Ohio wonld
have no difficulty under tb.
new management, in making terms. and
would probably enjoy all needful facili.
ties over the Philadelphia, Wilmington 4
Baltimore. Mr.. keyser was then asked
whether he thought Mr.. Gould had acted
as mediator between the Baltimore 4
Ohio and the Pennsylvania railroad. or
whether he had merely gone into the
transaction for speculative purposes
1.-The latter" said Mr.. Keyser, suilinp
''is more likely" Mr.. Keyser aidea
that the sale was very sudden trans,
action, and that the Pennsylvania Rail.
test until Tuesday.
special dispatch to the Baltimore Sun
says: ..-
trhe contract made by Nathaniel
Thayer, of this city, to deliver CONTROL.
ing stock interest in Philadelphia, vii.
mington & Baltimore railroad TO the
Southern syndicate cannot be carried ont
Thayer was to deliver 100, 900 shares. OF
which he had 1000 personally, and tn.
delivery figure was $40. The agreement
was that the shares should be delivered
March 18th, and it is stated that the old
gentleman signed contract in the
interim. The Pennsylvania railroad
opened negotiations with the Boston parties
and committee consisting of William
Minot, Jr., Charles N. Getting, agent of
the so associates, very wealthy corpora.
ton, and some others representing Eastern
stockholders, agreed to deliver a CONTROL.
ing number of shares at s7s. This commit
tee has offered the option to all Eastern
shareholders to join them in the transac-
ton. Under the condition they are to
enjoy they must indicate to Kidder.
Peabody X Co., on or before April LIST,
their intention to prove their stock with
the Eastern syndicate. The stock is to
be delivered by July LIST, and Eastern
| stockholders who join with the com.
mittee are to have the July dividend
There are various rlImors and opiuious
on the street as to what will become OF
Thaytr. Some say he did not sign the
contract aud others are Just Us positive
that he did. A report is also heard on
the street that he has settled with the
| Southern syndicate, but it cannot be-
traced to any reliable source Ii he has
| signed the contract and the syndicate
holds him he will be left almost
without dollar. The parties III
the Eastern syndicate say that when
they learned of Thayer's contract they
| united To protect themselves against him
and the Southern syndicate, and subse
quently the Pennsylvania company made
| advances which Were acceptable and they
closed the contract There is no question
about the sale. 1t is final, and all that
remains to be done is q transfer. The con
| trolling interest in Boston is owned By
what one gentleman on the street called
''gilt-cdged party" consisting OF the
| Minots, Hunnewells and the Bowditch
family. The general opinion among
operators is that "1'hayer bit oil more
| than he could chaw,' and that if the
| southern syndicate follows the customs in
| such transactions he cannot make it
entirely good even with his vast wealth.
The feeling in Baltimore is one Of
| depression whilst the Philadelphia papers
| generally seem themselves and report
! every one else in high glee over the Penn
sylvania's coup de 'etat, and greatly
delighted that q single corporation should
control every railway running westward
| from the city.
Most OF the Delaware Western officials
are absent from Wilmington so that
nothing can be learned of their views Or
feelings. Col. McComb is also out OF town,
as is George II. Bates, Esq.
The latest information that the STATE
JOURNAL has FROM Col McComb is that
without regard to the Pennsylvania OF
Baltimore y Ohio, the competing line be-
tween Philadelphia and Baltimore will be
built, the project being in no way Deepen
dent upon possible connections north or
| west,