Daily Republican., 1881-07-14
FAIRLY IN NEW HANDS.
THE PENNSYLVANIA REORGA.
NIZES THE r. w. 4 B.
What Will be Done with vii.
minRtOn's Popular Road
Interesting SpecuIatiOns.

resting SpecuIatiOns.
staff Correspondence Of the REPUBLICAN.
| PHILADELPHIA, Pa, July 1.-THE
Philadelphia, Wilmington and Balti.
more Railroad, is now officially in the
hands Of the great Pennsylvania corpo-
ration. The formal ct ange was effected
yesterday afternoon att special meeting
held at the Baltimore depot at Broad
street and Washington avenue. The
meeting was largely attended and much
interest pervaaed the proceedings.
Among those present from Wilmington
We're Mr.. Charles Warnerand Col. Febi.
ger, the Wilmington directors who re.
signed to make room for Vice President
Bob Garrett, OF the Baltimore and Ohio
and Mr.. Haven OF the N. J. Central,
when the B. u q. thought they had a
sare thiEg OF controlling the road
through the stock of Thayer, of Boston.
Mr.. Warner came here from the noun.
tains where he is spending his vaca
tiOn.
The real work of the meeting had all
been arranged before hand and was soor
disposed of. 1t consisted simply of &C
cepting the designations OF Directors
Garrett, Thayer, Pratt, Haven, Minot,
Bowditch and Whitridge, of electing
Messrs. George b. Roberts, Edmund
Smith, A. j. Cassett, j. \. Dubarry,
John 2. Green, Henry NJ. Phillips and
Wistar Morris to succeed them and of
selectin, A. j. Cassett as Vice Prcsi-
Gelt in place of Enoch Pratt, who
leaves the entire organization.
| Many more matters connected with
the reorganization remain yet to be a.
tended to- They were all left for sub
sequent meeting. What will be done in
several instances, was however, torshad-
| owed at the meeting or revealed in con-
| vcrsations when the REPUBLICAN cor
respondent had with members of the
Board of Directors afterward. One vary
important statement, which will be
highly gratifying to people all a long
the line of the Philadelphia, Whining
| ton and Baltimore is TO the effect that
Mr.. Hinckley will be retained as Pre-
silent. He has made u most excellent
official and under his continued MANAGE
owing to the change OF ownership which
many persons feared, and the same
liberal policy toward Wilmington, and
in tact toward the whole section through
which the road runs, may be expected.
superintendent kenney will also con
time in his present position, which
will br SIRE to give ellGLi satisfaction to
the public and equal benefit to the road
in the hands OF the new owners. Mr..
Horuer. the Secretary and Treasurer is
red to retire. He is becoming ad-
vanced in years and hnds continued ac-
tive railroad work TOO hard for hiln. 1t
is understood that he will refuse Il re-
election, IN which case Robert Craven
will succeed him. Mr.. Dadmun will
remain in charge of the passenger traffic
and John 5. Wilson will still be at the
head OF Jle freight department. They
will be subject to the supervision of the
genclAl freight and passenger agents OF
the Pennsylvania, Messrs. Creighton and
Wood
The proposed purchase of the Junction
Il Breakwater, Breakwater n Frank
ford and Worcester Railroads, which
was expected to come up at the meet
ing, was only informally broached.
After the meeting Vice President Cas-
sett in speaking about it said the pur-
chase OF these lower Peninsula roads
was thing for future and extensive
consideration. The Pennsylvania Com
pany had inspected the roads very
thoroughly through several of its Off
GERS recently, but the question Of leas-
ing, as well as OF purchasing them was
held in view. He could not say what
would be the result and did not care to
speculate upon it, but said the Penlsyl-
vania was DESTROYS OF controlling the
entire railroad system Of the Maryland
and Delaware Peninsula.
Other directors spoke freely of the
policy of the Pennsylvania with refer
ence to the section vitally interested in
the Philadelphia, Wilmington and Bal
timore. They all said they had no
doubt that it would be fully as pro-
gressive as that Of the Old management,
if not more so, and as conducive to gem
eral pros Gritty. The Pennsylvania
Company would inaugurate it's policy
of general advancement and develope-
meht which it had Instituted and car,
ried on with such wonderful results
elsewhere, and would consult the best
interests OF the travelling public.
The resignation of Mr.. Garrett of the
Baltimore Il Ohio from the Board of
Directors may be taken asanother indi
cation OF the intention OF that company
to build the new line from Baltimore to
Philadelphia. The present passenger
and freight contract between the Penn
sylvania and Baltimore and Ohio is al
together satisfactory to the former cor
and it would be more likely TO
remain SO if Mr.. Garrett had continued |
in the board. 1t is understood that he |
was requested to remain by the Penn
sylyania, but refused to do so.
IL, s. Is. /