The Ouachita telegraph. [volume] (Monroe, La.) 1865-1889, 1881-02-18
RuAoaED. SALE OF THE RAILROAD.

TO MT. Jay dOuiO. we nave poeA
unable to verify this rumor, or to fad
any reliable grounds for its existence,
more than what is here given.
AT the office of the company In this
city we found General Manager Green
Tuesday, who had just returned from
q meeting of the stockholders Mt Phila-
delphia. Major Green Informed us
+. that he had no knowledge Of the sale
10 Jay Gould, and that he was in pos
session Of no Information indicating a
change of ownership ut this time.
We areled to believe, however, that
some sort Of negotiations have been,
or are pending, looking to a change in
ownership of the road, and cite the fol-
lowing extract, as evidence, from the
monetary article Of the New York Sun
Of the 8th sf ,.7 i
"A syndicate, whose principal men,
bers are largely int crested in the Allan
tic, Mississippi and Ohio Railroad and
roads tributary Mt its western terminus,
have matured u plan for redeeming
the road. The syndicate have SUBJ
scribed %, OOO, 900 to be used to pay the
pastdue coupons of the bonds of the
company, providing the towns and
counties through which the road passes
shall surrender TO, the syndicate one
half of the stock held by them. The
towns have become parties to the ar
rangement, which will secure a value
to the stock that they will retain. 1t
is understood that by means of the
East Tennessee, Virginia aud Georgia,
the Selma, Rome and Dalton, and
Vicksburg and Meridian railroads, a
through line will be formed from
Shreveport, La, to the Atlantic coast,
to be operated in connection with the
Texas and Pacific, which will connect
with 1t at Shreveport by the Vicks-
burg, Shreveport and Pacific road,
now controlled in the interests of the
Texas and Pacific. "iii ifsH5
In the same article from which the
above is taken, we notice that on the
7tb, whether pretlicated upon the sup
posed consolidation mentioned above,
or not, shares in the Texas and Pacific
railroad advanced q cents, being as
heavy an advance as was made by any
railroad stocks on that day, and we
find that the advance figures were
maintained up to the 18th, the latest
stock quotations in the New York
market now at hand.
We have the statement published,
also, by the New Orleans Item, we be-
iieve, that the transfer has uudoubted-
~ been made, and in the Vicksbnrg
Commercial of the 10th similar state
ment, based upon a private teleg ram,
was published. Both announcements
may be taken subject to such modifica.
ton, or denial, as Is embraced in the
foregoing. ..
The sale OF the road to Jay Gould
might, or 1t might not realize the hopes
of those DESTROYS of seeing the rail-
road completed from this point to
Shreveport, according as it may suit
the plans OF Mr.. Gould, with his other
through lines, to perfect another
through line between the two already
secured. II may best accord with Mr..
Gould's gigantic railroad schemes to
purchase the Vicksburg and Shreve-
port road with the sole view of pre-
venting it's final completion. The fact
that he has abundant means, an I'M
limited credit and is possessed with
ambitious projects, no loss i'm limit
than the continent Is wide, does not
augur, rs some may suppose, speedy
bridging of the gap between the Qua
chita and Red rivers, but, taken with
prior plans and heavy Investments,
would seem to furnish approximations
of u purpose to kill the road, OF, post
pone its completion indefinitely. No
satisfactory and safe conclusion, we un-
dertake TO say, can be reached as to the
resoltsof the 'rumored sale until it is
definitely known what other roads, if
any, are to be merged in one through
line with the ", s. h =. railroad, and
what point or points on the Atlantic
seaboard Mr., Gould proposes ta select
as the vast storehouse or houses for his
great network of railroads. 1t may be
very safeiy set down, however, that no
local wishes or Inducements win affect
a change in the railway schemes, what
ever they may be, OF Mr.. Jay Gould.