The Cecil Whig. [volume] (Elkton, Md.) 1841-current, 1881-02-26

After some further comments upon the
action OF the Delaware Legislation, the
ErcrH Ereaing Continues: OF course, The
startling development chronirlctl above puts
an erd To the combination which has been
pressing the Delaware Western bill now
pending We do not know that tuione!
McComb and those WHO have stood faithful
ly To the original idea will care to press ii
further. One thing is certain, however,
that the folly which has deprived our peo-
Pile OF This opportunity for competition just
LOST will only he completed by refusing still
III pass the bill, which can do no possible
harm, and which will he Il check on the
new monopoly. We have no feelings for or
against any company; all WE have ever ask
facilities i'll this state.
TIL: EFFECT IN WILMINGTON.
The foluwin" despatch from Wilmington,
Del. shows that the lucal hackers of the
Delaware Western Road propose to push the
bill now before the legislature ch ,rteriug
the road, despite the withdrawal Of The Bal
timore and Ohio Railroad influence from the
scheme. The despatch is rs follows
Colonel II. $. McGnmh confirms posi-
lively the reported sale of the Pnlrlel phia,
Wilmington and Baltimore Road. Vice
President Garrett, Of the Baltimore and
OHIO, Individually takes 81 100000 worth ri
stock, and he Baltimore and ohio makes il
traffic contract with the New Jersey Cen
tral. Colonel McComh Will not say what
he intends 10 do, but declares that he will
now give the Delaware legislature no pledges
of amy kind. He says th.r There We're Sl0,
0G0, 900 i'll cash ready 10 build the Delaware
Western Railroad. double track, with steel
rails as soon rs the charter is obtained. Mr..
NJ. Candy, president of the Delaware West
ern, says the bill will yet he passed and the
competing line built by private capital. He
refuses TO give the names of those interest
ed. Colonel McCumb adds that, if anything
is TO be done, it must he accomplished by
prompt action on the part of the legiSl-
ture.
ADDITIONAL FACTS OF INTEREST.
Mr.. William KeySer, second vire-presi-
dent of the Baltimore and Ohio Railroad,
stated yesterday that the syndicate which
has purchased II majority of the stock of
the Philadelphia, Wilmington ami b tlr
more Railroad was chiefly composed of
MeSsrs. John w. Garrett and Il phert Gar
rett, of Baltimore: DrrXel x Co., and j.
Lowber Welsh, of Philada.; Drexel Nor
gan 4 Co. Sulnn Humphreys, Russell Sage,
Jay Gould, John Jacob AStur and August
Belmont, of New York, and J. S. Morgan
4 Co., of London. Further than this Mr..
keyser did not feel 1T liberty to commune
| r;Ic, but he is understood rs saying that the
Baltimore aud Ohio Railroad Company has
not invested Il dollar III the transaction. At
the same time this road will. in common
with the Pnlla lelphia aud Ral ling, the
| New Jersey Central. AMI the commercial
and travelling puhlic, reap immense advan
tage from the transfer. The precise figures
could not be ascertained, but is believed in
Philadelphia that the sale was made on Il
basis of So share the par valne being $50
per share. \ fair estimate would place the
cost at about IS, 100000.
A special di>rttch to the .Su% from Will
min etnn on Wetuesd day says: :" AT Il meet
ing OF rhe directors of the Philadelphia,
Wilmington and Baltimore l. ,ilro al Com
,,any, held here to-day, Robert Garrett, third
vicr-pr,.>i.trnt of the b Gilmore and Ohio
Railroad Company and &. q. Haven, Of the
! New Jersey C.ntrll Il tilrn I'll & mp my,
! were elected directors. y question is To
the reason Mr.. Thayer had disposed of his
stock. us answered by President Hincklry,
! WAS " bcrauS, of the illihrral attitude of the
press and people OF this city, 1t is under
stood that several OF the old directors will
resign, among them CllrieS Warner, OF
Wilmington. The holr,l decided 10 make
no new contracts by way of improvement,
and rs speedily as possible complete thos.
now under way. Work upon the new de-
pot in th, city will cease with the erection
at the large shed The new ma Engagement is
expected to enter upon its duties in the
/ early part of March,"
/ \ Telegram from Philadelphia on We'd
ne>,lay states that It's II part If the agree
ment for the purchase OF :: controlling in.
r-ie>t in the stock of the phiadr phia, vii.
mington and Baltimore l. abroad, il is nm.
drrSiortl that the general office of the com
! pluy will I've transferred 10 New York, and
! that TIE new board of managers will com
( prise McS,rS. Jay Gould, Robert G Tre!t,
| John Luwbrr Welsh ami possibly Mr. En"rh
/ Pratt 1t is also stated thar 1ht. interests o.
! the Pennsylvania Rtilr0lrt Conprny will he
/ protected in he new company. y iafrr dis
/ patch said: " The P,nuSy lvauil Railroad
| directors We're in session over three hours to-
/ day. acting on the rr'"rt - be submitted al
/ coming annual meeting. Tue subject Of The
! purchase of the controlling interest in the
/ II
| Railroad by the syndicate was not mention
/ ell i'll the meeting, Int AT the close of the
! session ii formed I ne topic IN Il conversations
! al way. One If rhr officers of the company
! stated that The Pennsylvania Road had been
+ invited II Join thu syndicate, but had de
! rline,i. He thought that harmonious rca-
/ tiuuS would still lie maintained"
Mr.. Robert Garrett sent letter on We'd
nestay 10 Dover, stating Thar the Dtltimnre
and Onio Withdrew lis advocacy of the
/ amendment to the Delaware Western char
Ter.
The New York Commercial ldrcriiScr of
/ Wednesday afternoon says: Mr.. George
| q. Haven this morning, afstr "orrobprlting
the transfer of the stock, said: 1.-The Phia-
drlpia, Wilmington and Baltimore Road
will ba run hereafter rs an independent
road, equally open to til" Baltimore and
Ohio and to the Pennsylvania railways. Tn"
B lltimnre and OHIO Il ntd has .l,e Il
tract with the Jersey Central t. construct
new depot in New York, in order to pre-
Iarn for their heavy EASTERN trntli', which
will come in New York over he Philadel-
rhia and Reading, the Bound Br mk and
the Jersey Central. Ii is not ut all improb-
able but that the lattrr'S ground at Com
nunipaw, embracing three miles of water
front, will now be utilized and developed,
AMI that mtmnnth grhln elevators and
strrkyartlS will he erected. That property
! is bout the finest the Jersey Central owns,
but has never been turned t. ,oo"nnt for
many reasons. Euder It's new management
it is said that Mr.. Robert Garrett. third
yirt- president of the b Gilmore and Ohio,
will be president, and Mr.. George q. Haven
will he yice-prr>drut. To MeSSrs, Garrett
and lIlveu praise and credit have been
awarded for the pruibptneSS with which
they CARRIED their point, and for the true
business character their work displays"
| HISTORY or THE ROAD.
The philadelphia, Wilmington and Balii-
moae isalroad WIS termed on February ;,
1888. ir consolidating the Philadelphia and
Delaware Comfy, chartered April l. 1881:
the Wilmington and Su|quehlnna, charter
ed in Driaware January Is, 1852, the Della
ware AMI Maryland, chartered in Maryland
March II, 1882, AMI the Btlrlmore aud PORT
Deposit, char:eiei Narch1, 1Sf2. The main
line is ninety-SiX an one thi;d miles long,
and WIS completed at Il cost OF 81, l$j, III, ,
including the Schuvkil bridge, finished i'll
1888. 1t bought the New Castle and l'ronch-
town and he New Castle am. Wilmington
roads, anU lItrrged hem in la36, when il
leased the delaware railroad and its branch
eS 1907, miles long, and operates altoget her
2O1 miles, including the Port Deposit branch
! from Htrryville. It's capital >t"rk Is Sill
49, lao and its funded debt only 81, IjS, 300.
the liIter con sists of Il six per cent. cnuver-
tihle mortgage loan ot S253500 due in 1881
! r,.oi St,.rptl II NOR rent InuIS Arr 81 DDD DDD