Daily Republican., 1881-03-24
FUURTR fplT,ps.
rhE C0aPEC.Na RAlLnUA No,
rhe neR0tiatioss for the NaIe Oi
sho Delaware WesseFn KOaa--
Route of ahe New L1ne.

shs Delaware WesteFn KOaa-
Koato Of ahe New Line.
A despatch from Baltimore to the
PHI tadslphia Times Of this morning
gives the following relating to the lat.
| rSiiroad movements: 1t was snnouuced
Today that the Baltimore and Ooio
Road had purchsss the Delaware
Western Railroad the day after the
PsusylvSnia's purchase OF the Phils
telphia, Wilmington aud Baltimore
that the sale was abso ute, and thai
sngipeers are now in the field. Tht
let ails OF the sale we're learned to-day.
On tae day the transfer OF tine PhilA
delphis, Wilmington and Bslsimor.
K ,ilrosd to the Pennsylvania Road wAs
announced Mr.. Robert Garrett, who
vas then in New York, made an over.
turs to Colonel hoComb, the principal
stockholder Of the Delaware Western
Road tore-opsu the negotiations which
had SO abruptly terminated when the
Baltimore and Ohio Railroad withdrew
its support from the Delaware Western
bill, then pending before the Delaware
Legislature. Col. McComb, who, It will
be remsm bsred, had denounced Mr.,
Garrett in strong terms for his desertion
Of the pending bill, WAS disposed to
stand on his dignity, aud, believing he
held the key to ths situation. sho wed
disposition 10 dictate his own terms
The Delaware Western stock consisted
Of 5000 shares OF q par value Of $50
each, Of which Colonel MoComb held
about one. half In his own name, while
Mr.. William T. Carter, OF Philadel.
phia, held one Thousand shares more.
The balance was disciimiuately scat
tered on the market, and as soon as the
sale Of the Philadelphia, Wilmington
and Baltimore Road was finally an
nounced il vas much sought after.
The Baltimore and Ohio Company
commenced buying all It could through
the banking firms Of r. R. Robinson /
Co. and Elliott, johnson L. Co, Of VIII.
mtngton. Col. MoCoub also went into
the market, and the sudden demand
caused sharp rise in Delaware Yves.
tern, which Is believed 10 have still
further strengthened Colonel McComt
In his position. Several hundred
shares we're secured by the Baltimore
ana Ohio Company from Drexsl L Co.,
Of Philadelphia, while the nesot otiations
with Colonel Mccomb we're progressing.
Late on tue day following the transfer
OF the Philadelphia, Wilmington and
Baltimore Road an agreement was ar |
rived at with Colonel McCOmb by VII ioh |
the latter agreed to transfer 4, 800 shares
In order 10 give the Baltimore 4 Ouio
The exact price per share is
not definitely known, although It is
intimssed from good authority that II
was $50. That the stock was we'll paid
for is uDdou bted. The final arrange.
nents we're made at the Hotel Bruins.
wick, New York, and the road trans.
erred to the Baltimore and 0Aio In
Wilmington, Delaware, on March II.
The route Of the new line, Il which
he Delaware Western is to form part
8 to be as follows: Commencing at Bal.
imore, the B. & o.. will build direct tc
he Susquehanns At Port Deposit, on
he border OF Delaware. Here the road
will be pushed northeast to Whining
on under the Delaware Western char
.er, where 1t will strike that portion
II the road now in operation. BY this
after line 1t will run seven miles north
% Greenhack. Here the work of track
aging will have TO bs recommended
crossing the Pennsylvania Line at
NaAman's creek, near Claymont, and
,oing to Chester, the road will con
lect with the old line OF the Philadel.
'ds'phia, Wilmington and Baltimore
Ioao (uow owned by the Philadelphia
nd Reading) From there the road
oes to Gray's Ferry.
Alter this it will 90 by the Junction
nd Reading north To the Bound Brook
ou:e. These plans of the Baltimore
nd Ohio Sre considered Father imprsc
Icable, the Philadelphis, Wilmington
nd Baltimore Road having passed into
Ae hands Of the Pennsylvania Road,
be latter will virtually control the
unction Road and may refuse abso-
ltely to transport the Baltimore and ..
hio cars.
The new freight arrangement went
ito effect TO day, the Baltimore and
hio receiving for New York and all
oints on the Philadelphia, Whining
IN and Baltimore Road. The steamers
} hartered by tha Baltimore and Ohio toI
Ike freight between here and New
ork will be at once witbdrawn. The
altimors aud Ohio Road allows the
ennsylvAnia Road thirty one cents J.
er hundred on all first class Wettern
eight destined to New Yo!k. Robert t
srrett, William Ksyser and John W. I
avis, of the Baltimore and Ohio Rail-
'ad, went to New York early to-day a
! business in connection with the new =,
,ute.
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