Lancaster daily intelligencer. [volume] (Lancaster, Pa.) 1864-1928, 1881-02-24
SHARP WORK
THS; NEW RAILROAD MOVE.


Delaware Legislature.
Dover. Del, Dispatch TO Philadelphia Record
The railroad fight in the Delaware Leg
islature has come to I sudden and Unex-
pected end and has brought about most
surprising result. which is nothing more
nor less than the reported purchase OF the
Philadelphia. Wilmington 4 Baltimore
railroad, i'll part, by the very persons who
have thus far been seeking authority to
build a line through this state to compete
with that road. Succe >sivc conferences
were held at New York OH Thursday,
Friday and Saturday. and at the last enc
the sale waS communicated. At this
meeting the following we'll known rail-
road men We're present: William
II. Vanderbilt. of New York !;
Enoch Pratt, vice president of the
Philadelphia, Wilmington & Baltimore !:
George c. Haven; Colonel II. $.
McComb. OF Wilmington Robert Gar
rett and John W.Davis, Of the Baltimore &
| Ohio : Nathaniel Thiyer. Of Boston, and
others. Jay Gould WAS represented; by
Me>srs Haven and Garrett. The prop,s-
itian laid before these gentlemen at the
meeting was to form i pool, headed BY
Gould and III TIE interest of the New York
Central and the Baltimore Il Ohio. for the
purchase oi the Philadelphia, Wilmington
& Baltimore stock owned in Boston by
I fhaycr and others. In this bargain Col.
heComb AMI the rest OF the Delaware
! Western railroad men were to have as big
share is they were to have by previous
arrangement III the new rclI between
Philadelphia and Baltimore had the asked
for charter been granted
The proposition was verbal. and Was 70
4
chased by Robert Garrett and George G.
Haven. This proposition was opposed by
McCOmb and Vanderbilt, but the Balti-
more & Ohio men argued that il they
could get control of the p..;aCiei,.hia.
Wilmington s Baltimore railroad a
through line at once was assured them.
whereas, If they refused to accept the Bos-
ton stock and fell back upon the charter
pending in the Delaware Legislature,
/ there would Ie great delay. and the road
conli not be completed inside OF three
years. The sale was finally colIai,nlnatcd
on Saturday evening ami has been KEEP:
quiet until to-day. when made public here,
very fully, by Colonel McCunib and his
friends. 1t was the suppositi"n ,!lat this
sale was II; contemplation which led t" the
runner Oh Saturday :!.at the Baltimore
IS ONO were ahnllt to- withdraw from
the support oi The Delaware Western
bill
The question which now interests The
people o: Delaware is what disposition is
to be made of the pending Delaware West
ern bill. There can be no doubt but that
! the Baltimore * Ohin company WAS iii
Il measure backing the bill until about Il
week a.o. However, no formal agree
me!:t has been entered into between ih,.:
company and Colonel McCnmb. Tnrsc
! really Interested i'll the bill, in addition to
, McComb, were A. J. DrexcI, of pniIa,icl-
ph:a, and William III. Vanderbilt, of New
York. Fo: the past year they have been
very active i'll working the prof to Sc
/ cure :, new line between i'I,ia,ieIpl,il am!
Baltimore ans: Succeeded in interesting
the Baltimore & Ohio To tho extent
already stated. Had the bill been passed
a week ago the purchase of the Philadei-
phia, Wilmington & Baltimore would
not have been made witt, the Baltimore
u Ohio as Il party in the transaction.
At Is the intention OF the Delaware W.,st-
ern men - continue to urge the passage of
the bill, and Colonel McComo said to-
night that lie was in hope; "f securing
the aid ot the Pcnn:ylvanl road in ia pas
sire.
u iti-isset;A from tOiG.ici IIEtt.;liE.
Wilmington Ev-ry Evening FEB, ~.
On Saturday, while in New York, Colo
mel McCnmb sent the following dispatch
to 4 Philadelphia capitalist as o:i.teh with
him i'll the matter:
NEW YORK, February 80 4. nj
met Haven and Garrett ut ) last evening.
Their proposition was verbal, not written,
as insisted it should have been ard is to
off, Il
control Of stocI. of p. W. & E. at 20,
putting lis ali in, and by working this mar
kCt are to put it to 100. We rcapinr the
profit and taking chances III the future for
management of the property which they
are to get with the control of the stock
now. Could ] understand to be 'behind
them. It is pure, bold speculation, moth
ing else. Later III the evening called OF
Mr. Vanderbilt and spent two hours with
him. giving him what understand t. be
your views Il; well as my own which he
entirely agrees with. He declines to 20
into the speculation, and says ha went into
the project with you and me in the most
perfect good faith to build the road as an
Investment, believing it To be one of the
very best railroad openings how unuccu-
pied that Garrett l., committed 10 us and
cannot lIonO-ably stop.
He says, which | confirm, that he went
in with these parties himself, you and ],
with the understanding that Garrett or
the Pennsylvania should have a chance to
come into and participate Will, Us. lie is
willing now to stand to that agreement,
to b!lild with business contract with either
Is. x y. Or Pennsylvania, or is willing to 20
on and build without either, and is further
wiilin. to build through to New York if |
that should become necessary.
In my first interview yesterday witt: |
Garrett | made the point you prt to me in |
Jour last dispatch yesterday, viz. Ny po-
sition before the Delaware LeuiSilture and |
our people and told Garrett and Haven
distinctly that they could not offer me in
tucemcnt large enough to make me do an
act that would SAVIOR Of dishoHor or stultify
my pledge to our people that ifthc pro-
jcct fell through my record should stand
clear and unsullicd before my associates
and the people OF my state. After seeing
Mr.. Vanderbilt, we met last night ut 10, |
and | began my statement to Garrett |
and Haven by repeating this position and
said to them | did not want any Offer
ike what they had first made. repeated, to
me, to wit : that | should be taken care
IF if ! would join them. / said no care
IAN DC taken of me other than what Mr.
,r Mr.. Vanderbilt accept as a full and
Identification and par ticipation.
repeated what / have here given you as
.ir. Vanderbilt views and interests. and |
'nded by absolutely refusing to be parties
% their specializing scheme Garrett te!e
:raphed late last night for Cassatt and
Roberts TO come over this morning. NV
Al |