Delaware state journal. [volume] (Wilmington, Del.) 1870-1883, 1881-03-03
THE SYNDIOATE,s sTOoK.
Docs at Amount TO n Controlling In
tercst P-Presidept Hinckiey Does
Not Know Who Owns the Road.

Docs at Amount TO n Controlling In
tercst P-Presidept HinckIey Does
NOT Know Who Owns the Road.
The Philadelphia Times Saturday morn
ing had smother article with reference to
tue recent sale OF Phiiadelphia, Whining
ton & Baltimore stock, the tenor of which
Il to imply doubt as to whether the
Baltimore d Ohio syndicate has secured
enough stock to give it controlling
interest III the management OF the road.
"Ali that is officially known," says the
Times, sis that MIR. Thayor. of Boston,
has sold to John W. Garrett and other
members of syudicate his 6,S0O shares
of stock in the Palladelphia, Wilmington il
Baltimore railroad. There are about 231, 900
shares in all; S5 per cent of which s owned
In Boston, 10 per cent.in Philadelphia and
8 per cent. in Baltimore. OF the SO per
cent held in Boston, $500 shares ere held
ny William Minot and over 8 600 by
Kidder, Peabody q Go, who are tbe
American agents for the McUalmonts.
Enoch Pratt, of Baltimore, has only 500
shares, and President Hincklsy, with his
wards, something over 200 la order then to
have secured h majority Of the stock, the
syndicate must have picked up over
100, ono shares in small lots from more
than 100 persons of class who would b.
very reluctant to part with an Investment
paying per cent"
In contradiction TO the above showing,
Wee President Robert Garrett, of the
Baltimore & Ohio Railroad Company, in
his recent letter to Representative Peter
Robinsou, uses language which must bs
meaningless if it does not imply that the
syndicate had at that Time acquired con-
trolling interest in the p, w IL b. stock
Tha Times also gives an interview with
President huckley Friday in which the
latter said:
am now trying to discover who owns the
road. do not know myself. / am aware of
no sale, except that by Mr.. Thayer Until |
know who tho new masters are l shall obey
the old | have no feeling either way. |
desire only that the interests of the Phiade-
phia, Wilmington Il Baltimore road shall not
suffer. In my fourteen years service for the
company it has followed that | have been
given almost unlimited authority and have
had commensurate responsibility. Unless
there ID some change of which as yet know
nothing shall go on doing just az l have
always done. 1t is not true that / said in
Wilmington respecting Mr. Thayers sale that
he had been forced into it through the
illiberal spirit of the press and people of the
State of Delaware. What did say was that
the illiberal and unkind spirit shown by the
press and people of Delaware to the Phi!a-
delphia, Wilmington & Baltimore railroad
after all it had done for them, had an inilu-
ence upon me, and | had no doubt had
similar influence upon Mr.. Thayer. If
the McComb bill had gone through
the House the attendant depreciation
in Philadelphia, Wilmington q Baltimore
stock held by the State OF Delaware
would have cost it far more than any
benefit that may ever be derived from any
advantages of a competing road. The people
of Wilmington now are carried for cent and
three-quarters mile, which is less than any
manufacturing population in the country
travels for, and il they suppose that they will
get travel OF freight cheaper with two roads
doing the business they are very much mis-
taken. If they want two horses when only
one will do the work they will have to pay
for the extra oats. Yet all this hue and cry
is raised for no other practical purpose than
to give Colonel McComb a charter which he
can carry around conveniently and use for his
personal interest.
Inquiry ut the Pennsylvania railroad devel-
oped the fact that they recognize the condi-
tion of affairs as indicated above. 1t was
authoritatively stated: "fhe Pennsylvania
railroad remains in an independent position.
Mr.. Garrett and his father have only
5l000,00O of the stock. All the rest is dis
tributed among men who will not antagonize
the Pennsylvania Company"
The PennsyIvanin Sued.
Philadelphia North American.
,. X. Oowen, attorney for the Balti-
more & Ohio has brought suit against the
the Pennsylvania railroad Company for
81 000,000 damages in the Superior
Court at Baltimore. The cause of action
-, st, t,,fs 4 6
passengers and freight trains at the june
tion in this city on the New York route
of tho Baltimore Il Ohio Railroad. Suits
nave been brought against the Baltimore
Il Ohio Railroad for damages for delay at
the same point in transporting cattle aud
causing them 10 miss a higher market than
the prices when the train reached New
York In the same court Nathan Lehman
and Abraham Lehman, Lewis Myers and
William Houseman, aud Jacob E.linger
aud Henry O Seymour, have respectively
Drought three suits against the Peupsylva-
mia Railroad Company for $4,000 each
damages for loss on cattle.
WHAT MR. DAVIS SAYS.
According to the Baltimore American
MIR. John w. Davis, of the Baltimore q
OHIO rairoad Friday, said he did not
know what the existing arrangements
were between the Pennsylvania railroad
and the P, W. g. B. He was OF the
opinion, however that President Hinckley,
OF the r., W & b. railroad, has stated
that the freight arrangr rments could be
annailed at 80 days notice--that is, So
much of them az prevented the P, w ~
B. from receiving freight from the b. Il
o. railroads. aud that notice, be under
stood had cen given in ID December last,
and the 30 days would expire in March.
In regaed to the institution of snitH
against the Pennsylvania railroad
by the attorneys Of the b. IL o.
railroad for 81, ,000,000 damages, he said
de only knew that there had been, and
still continual to be, vexatious delays on
ihs Junction road at Philadelphia. The
p, w & B. railroad had not yet come
nader the control Of the b. & o
railroad and they were still CON
pslled to send their freight by water.
Whether the delays 90 tho mile of june
tinu road under lhe control OF the Z Gu
s9iyania railroad would continue after the
3. tE o. railroad had control OF the P w.
Il q. railroad, he did not kgow. The suits
bsfore mentioned were continuation of
tie efforts OF the b. u o. railioid to get
through facilities to New York which had
bscn commenced before thu pur, lass OF
the p, W Il B. railroad, and would not
interfere with any amicahle arrangements
that might be or had haen made,
rcnnsyivauin's New senator.
Toe Hon John l. Mitchell, Republican,
wao has been elected United st tss Sera-
tor from Pennsylvania to succeed Hon
William A. Wallace, Democrat, is the
.azl.an..A ..a.i,al,c.. OF Gnnnr.ss frnnI thn