Daily Republican. [volume] ([Wilmington, Del.]) 1874-1890, 1881-03-10
WILMINGTON. DEL. THURSDAY, MARCH TO- 1851


THE RAILROAD MuDDLE.
HhAyer Settles WITH the GarSesl
Syndicate - what rrestd N I
Hinkley ssys-views Of she Bai
tiRsre Mad Obio OfHetsi.
II Is stated that Messrs. Garret. and
Haven and the parties they represented
have made q settlement with Mr.. Thay-
er on terms perfectly satisfactory te
Themselves, and that the sontraes Of
sale made by Mr.. Thayer has been
cancelled. By the sale to she Pennsyl-
vania Railroad Company At $7s 6
the Garrett Syndicate are enti
tied 10 receive fro.c Mr.. Thaysr the
difference OF &s = share. aggregating
nearly 81, DOT, 900, as the forfeit Of his
failure to deliver tie stock OF 40. II
was, of course, to his interest to effect
3 settlement on the best terms possible,
He hrst made the proposition, IL is
stated, to pay the syndicate $3.50 Gee,
bat the syndicate insisted on the old
gentleman living up to his contract
This brought out another proposition,
and the settlement was not effected uu-
I'll Mr.. Thayer had agreed to hand ever
nearly half = million dollars.
PRESIDENT RIECkLEY
OF the Philadelphia, Wilmington and
Baltimore Railroad Company, when
questioned concerning the purchase,
great satisfaction at .he
turn affairs had taken, and said there
was no possible doubt about the sellers
being able to deliver the stsck in the
new transaction. There we're some g.
500 persons owning the eompany's
They were scattered all over
the country, and enough Of tLem had
been heard from to make up
majority Of the stock. When asked ii
\ new line would be built to Baltimore
under the recent charter passed BY the
Delaware Legislature, Mr.. Hinekley
! aid:
"The Delaware and Western charter
has the granger clause In II; that is,
The Legi sla:urs reserved The right to
amend or revoke the charter At any
time. Few men viii be found bold
enough to put money into railroad
which 10 always at the mercy Of a
State Legislature. 7his will undoubt-
sdly deter sound business men from
putting money into that road. lido
aot believe there will be another road
built, and l doubt If the charter is
Talusbls to anybody"
| BALTIMORE OPINION sp FHE ruEsHAsK
The Baltimore American says -
Naturally, the news that the directors
II ths Pepnsylvania Railroad had con-
rac.ed for the delivery of q majority Of
he stock Of the Philadelphia, Whining
on and Baltimore Railroad created a
In Baltimore yesterday; for
t had been publicly announced that a
indicate in The interest of the Balti-
aors and ehio Railroad had obtained
ontrol Of the road. and that hereafter
t would be operated in the interest OF
Baltimore. 1t Is Of small Importance,
comparatively, whether this contract
hall be carried out or not, provijing
hat the business which seeks the Bal, |
lmore and Ohio Railroad finds It's pro-
'er outlet. Sooner or later our crest
runk line Is sure to have an indeysnd-
mt New York connection, but mean
7hile, even II the Pennsylvania Rail
DAD should obtain absolute control of
he Philadelphia Road, il would not be |
0 blind to its own interests as TO re- |
nse the through business which the
and ohio would be able TO |
ivert to its lines. If there were but
no trunk lines in the country, the
ennsyIvanis Road could we'll afford to
lay the dog In the msnRer: but. mas
luch as there are four, it will be glad
, accept whatever business the Bslti-
,sre and Ohio may be forced to throw
lte its hands. But as vet ii is not at
Il certain that the Ptnnsylvania is
,aster Of the situation. Its contract
ILL remains to be cons animated"
First Vice President John King, of
le Baltimore and Ohio Railroad ON
any, stated that he did not know by
hat misohanse the Baltimore and
hio had failed to secure such An inter
1t. Mr.. Robert Garrett had been
!ansging the matter and he is in New
ork, so that as an officer OF the rail
'ad Mr.. Hing knew nothing of the
after. He reiterated the statement
lat IL was mot the Baltimore and Cnio
ompAny that endeavorsd to get con.
oliing interest in the Philadelphia,
and Baltimore Road, but
syndicate Of gentlemen friendly TO the
altimore and Ohio. ...--- I'D.
Mr.. Levi C. Bird, the Wilmington
sidsnt Baltimore and Oaic counsel,
ent 70 New York on Tuesday Eiehs II
response 70 q telegram from Mr.. ID
skert Garrett. Mr.. Bird says the
altinore and Ohio will build a com |.
ting line between Philpdslphia and
and adds that an appliea-
On will probably be made TO ths Dels
are Legislature for . charter. Hs