The daily gazette., 1881-03-24
TERMS OF THE SALE.
THE B. o.'s NEGOTIATIONS WITH
COLONEL M'CoMB--RoUTE OF THE
NEW LINE.

THE B. O.'s NEGOTIATIONS WITH
COLONEL M'CoMB---RoUTE OF THE
NEW LINE.
Spec al Dispatch to the Times.
BALTIMORE, March 90.
It was officially announced to-day
that the Baltimore and Ohio Road had
purchased the Delaware Western Rail.
road the day after the Pennsylvania
purchase of the Philadelphia Whining
ton and Baltimore; that the sale was alb
solutc, and that engineers are new in the
field The details of the sale tc dag.
On the day the transfer ofthe Phi,adel-
phia, Wilmington and Baltimore Rail-
road to the Pennsylvania Road was an-
nounced Mr.. Robert Garrett, who was
then in New YaIk made an overture to
Colonel McComb, the pricipal stock
holder of the Delaware Western Road to
reopen 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 Legislature. Colone.
McComb, who, 1t will be remembered,
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 the
situation, showed a disposition TO dictate
his own terms. The Delaware Western
stock consisted of 5 900 shares of par
value of $50 each OF which Colonel Nc.
Comb held abb u one half Ia his ow pa.re
while Mr.. Will'a am Il. Carter, of Phila-
delpbia, held one thousand !sbares more.
The balance was indlscriminately scatter
ed on The market and as soon as the sale
of the Philadeip phia, Wilmington and Bal
llmore Road was finally announced it
was mach sought aflef.
The Baltimore and Ohio Company
commenced buying all it could through
the banking firms OF X. II. Robinson q
| Co. and Elliott, johnson Il Co., of Will
mington. Colonel McComb also went
| into the mai ket, and the sudden demand
caused sharp rise In Delaware Western
| which is believed 10 have still further
STRENGTHENED Colonel McComb in his
| position. Several hundred shares were
secured by the Boltimore and Ohio
Company from Drexel d. Co., OF Phila-
delphia, while ne Negotiations with
Colonel McComb wee progressing.
Late on the day following The transfer
| vi LIld dpu
Baltimore Road an agreement was ar
rived at with Colonel McComb by which
the latter agreed TO transfer $500 shares
in order to give the Baltimore ard Ohio
control. The exact price per share is
| not definitely known, although 1t is in
| tImated frOIR good authority that it was
$50. That the stock was well paid for
is undoubted. The final arrangements
were made at the Hotel Brunswick, New
York, and che road transferred to the
Baltimore and Ohio in Wilmington,
Delaware, on March II.
The route of the new line, of which
the Delaware Western is to form part,
is to be as follows Commencing at Bal
! t,more, the Baltimore and Ohio will
build direct to the SusqUeh" ma at Port
| DEPOSIT, on the border o. Delaware.
BY this latter line it will run seven
miles no th TO Greenbank, thence TO
| Wilmlp. on. Here the work OF track
laying will have to be recommended.
| Crossing the Pennsylvania Line at Naa-
mans creek, near Claymont, and going
| TO Chester, the road will connect with
the old line OF the Philadelphia, w J.
| mington and Baltimore Road (now
owned by the Philadelphia and Read
| ing). Fiom there the road goes o
| Gray's Ferry. After this il will 20 by
the Junction and Reading north to the
| Bound Brook route.
TheFe plans of the Baltimore and
Ohio are considered rather impractica-
BILE, as the Phila alphia, Wilmington
and Baltimore Road having passed iD-
TO the hands of the Pennsylvania Road
the latter will virtually control the
Junction Road and may refuse abso-
lutely to transport the Baltimore and
| Ohio cars.
The new freight arrangement went
into eff ct to-day, the Baltimore and
Ohio receiving for New York and all
| points on the Philadelphia, Whining
| ton and Baltimore Road. The steam
ers chartered by the Baltimore and
Ohio to take freight between here and
| New York will be at once lthdrawn.
| Tho Baltimore and Ohio Road allows
the Pennsylvania Road thirty -one
cents per hundred on all FIRST elass
| Western freight destined to New York.
Robert Garrett, William Keyser and
John w. Davis, of the Baltimore and
| Ohio Railroad, went to New York early
to-day on business in connection with
the new route.
WILMINGTON, Del, March aS.-A
bill will be introduced in the Legisla-
ture tomorrow to give tho Baltimore
and Ohio authority to build new line
down the peninsula to compete with
the present Delaware road, which has
passed under the control of the Penn
sylvania Railroad Through it's purchase
of she Philadelphia, Wilmington and
| Baltimore stock.