The daily gazette. [volume] (Wilmington, Del.) 1874-1883, 1881-02-24
Gbt Rai[u &astttt
THURSDAY. FEBRUARY "a, 1851.
TEE RAILRoAp CHANaE.-The 81

As-@-AhO@1
prise and excitement occasioLed by
the sale and transfer of the stock
held in the p, W. s. B. Railroad by
Nathaniel Thayer and others in Bos-
ton to the Baltimore and Ohio men,
has not yet fully subsidized. But it
was one Of the most natural things
for Mr.. Thayer and his friends to do,
seeing that they were likely to encoun-
ter very rich, powerful and de-
termined opposition line.
AS We stated previously in the
GAZETTE the stock of the P, w. 4
b. was at very high figure and was
falling. With the prospect of so
powerful al opposition it was scarcely
possible for the stock to be kept up,
and hence the owners preferred to
sell, and permit those who purchase
to bear the loss or the expense
and odium of maintaining monopoly
such as the Boston stockholders had
attempted to maintain by pre- venting
the charter of new road or the
amendments to the charter OF the
Delaware Western. The Boston men
made what is termed "a good thing
OF it and no doubt feel easier and
the purchasers have now to satisfy
the people by affording cheap and
rapid transportation for their freight,
or encounter the opposition of new
line. They may settle the present
differences with the Pennsylvania
road and with the Delaware Western
also for that matter. But the facl
that there is growing idea that the
travel between the North and the
South across our State is sufficient to
support two roads, will result in build
ing another ere many years.
The investments of the p, W. t. B.
amount to the large aggregate OF
SIS, 900, 900. Yet it pays eigkn per
cent. dividend, aud it as alleged that
it could be p.s.a3.s' to pay 10 to 10.
Wills this 10 the case railroad men
and capitalists insist that another road
could be built and equipped for about
half the cost of this vast sum, and
therefore could afford to do the carry
ing trade at a very much lower rate
and yet make heavy dividends to its
stockholders.
In fact this was the basis of the
proposition az far back as last spring
and summer upon which the proposed
new road was to be built. Then there
was no mention of the B. and o. We
wore told that the money was already
subscribed aid ready to build a new
road as soon as the charter could be
obtained. 1t was only after applica-
tion was made to the legislature thai
1t was developed that the B. and o
had taken an interest in the Delawar,
Western prospect.
Now, the same parties who proposed
to build originally have the opportu
nifty to proceed with their enterprise
There is now, however, as far as WI
know, no road between Delaware ant
New York that is ready to unite il
the work, as was the case before th
B. and o. made the purchase that give
it the control of the p, w. and b
unless the Philadelphia and Reading
which has lease of the Bound Brood
road, would join the Delaware West
srn.
1t appears that the B. and o. vii
very soon take control of the p, W
and B., Charles Warner here and Sc,
sral other directors elsewhere hayir
preferred their designations, viii
others who have sold their stock cea,
TO be members of the Board.
The P. w. & b. has certainly bee
well managed, and kept in the vel
best manner SO far as the comfort al
safety of its passengers are eoncerne
and we have 10 fears that it will n
continue to be so managed.