Daily Republican., 1881-02-28
WHO OWNS THE ROAD.
10 find ont who bong hit the
r. w. d b. railroad aud who IL be-
longs 90.


r. w. d b. rsi,rosd and who Il be
longs 20.
Mr.. Hinckley President Of the Phila'
delphia, Wilmington and Baltimore
Railroad said on Friday: al am nov
trying to discover who owns the road
| do not know myself. am aware o.
no sales, except that by Mr.. Thayer
Until know who the new masters a-t
| shall obey the old. have no feeling
either way. | desire only that the in
terest Of the Philadslphia, Wilmington Il
Baltimore Railroad shall not suffer. ln
my fourteen years. service for the COM
pany II has followed that | have been
given almost Unlimited authority and
have had commensurate responsibility.
Unless there is some change of which
as yet | know nothing | shall go on
doing just as have been doing. 1t Is
not true that | said in Wilmington re-
speeting Mr.. Thayer's sale that he had
been forced into it through the illibet-
al spirit Of the press and people OF the
State OF Delaware.
What | did say was the illiberal and
unkind spirit shown by the press and
people Of Delaware to the Philadelphia,
Wilmington and Baltimore Railroad,
after all it had done for them, had an
influence upon me, aud | had no doubt
had q similar influence upon Mr..
Thayer. II the McComh bill had gone
through the House the attendant de-
probation In Philadelphia, Wilmington
and Baltimore, stock held by the State
OF Delaware would have cost 1t far
more than any benefit that may ever bs
derived from any advantages OF a COM
petlng road. The people OF Whining
ton now are carried for q cent and
three quarters mile, which is less
than any manufacturing population
in the country travels for, and II they
suppose that they will get travel or
freight cheaper with two roads doing
the business they are mistaken. II
they want two horses when only one
will do the work they will have to pay
for the extra, oats. Yet all this hne
and cry is raised for no other practical
purpose than to give Colonel MeComb
a charter which he can carry around
conveniently and use for his own per-
sonal interest"
Further inquiry at the Pennsylvania
Railroad depot AZ the same time devel-
oped the fact that they recognize the
condition Of affairs IS indicated above.
II was authoritatively stated; THAT
the Pennsylvania Railroad remains in
an independent position. Mr.. Garrett
and his father have only 81 900, 900 Of
the stock. All the rest is distributed
among men who will not anLagonjze
the Pennsylvania Company"
The latest upon this subject is from
a despatch from Baltimore to Philadel.
phia Sunday Times which says:
Mr.. Enoch Pratt, vice president of
the Philadelphia, Wilmington and Bal
timore Railroad, was to day asked as
to the truth Of a rumor prevailing
here to the effect that the purchase of q
interest in the Philadelphia.
Wilmington and Baltimore by the Gar
rett and Gould syndicate had not been
consummated and that only seven
thousand shares had been secured.
Mr.. Pratt said that ths amount ofstock
sold by Mr.. Thayer WAS, he thought,
about Is, 900 shares, and that the state
ment that the other stockholders had
not sold out was partially correct. The
sale had not been Consummated, nor
could it be until March ID, the period
set for the other Boston stockholders TO
reach decision as to whether they
would sell at the price fixed or not.
Mr. Pratt said he believed, however,
that they would sell and that o con.
trolling interest would then he secured
by the indicate. He added that If
the control of the road was not secured
by the syndicate it would be because OF
the publicity given the preliminary pro-
oeedings. So far as the Philadelphia,
Wilmington and Baltimore Railroad
was concerned, he believed that after
the Sth of March the Baltimore Il Ohio
would have the same facilities as are
now enjoyed by the Pennsylvania. 1t
is we'll known that the negotiations
which led to the supposed sale were
carried on through Mr.. Pratt, who will
bs one Of the proposed new manage
ment.
1t is noteworthy that ths officials in
this city including MIR. Charles War
ner, q director, now believe that the Bal
timore and..Ohio Railroad though hsv-
ing secured advantages has not Q con-
trolling amount Of stock, and thus the
question as to who really own the road
is surrounded with some doubt, which
only time will bring to light.