The Stark County Democrat. [volume] (Canton, Ohio) 1833-1912, 1881-01-27
RAILROAD GOSSIP.
BALTIMORE, PrrspuRaH a CHICAGO.

| BALTIMORE, PITTSBURGH CHICAGO.
A meeting relative to this road was held II
Wooster a few evenings since. The meeting wa
by far the largest yet held In Wooster since the
project was set on foot. The offer to take the roaC
and commence the construction within si1
months and have 1t completed by July 4, 1882
after short debate was accepted with but one dis
senting voice. The Baltimore, Pittsburgh & Chi
cago Company is composed OF Pittsburgh capital
lists who agree that the road shall be maintained
and operated independent Of all other lines, bul
ultimately extended to Fort Wayne, and there
connect with the Wabash system. The transfer
to this company is generally regarded as victory
for Jay Gould over the Baltimore & Ohio people
who have been trying to secure possession ior
some time.
C0NNOrTON VALLEY,
Cleveland, January ia mortgage deed OF
trust securing bonds Of the recently consolidated
Connotton Valley Railroad has been filed at the
County Recorders office. Copies Of the mortgage
were filed simultaneously in Summit Portage,
Stark, Carroll and Harrison counties. The mort.
gage secures 81 900 worth Of bonds and is sign.
ed by William ]. ROtch, President Of the Company
and made In favor Of Frank Morrison Of Boston
Trustee.
The Connotton Northern Company and Connot.
ton Valley Railroad Company, at the time OF their
consolidation under the name OF the Connotton
Valley Railroad Company had outstanding $685..
900 and sl,1250OO In bonds respectively. At a
meeting Of the stockholders of the Consolidated
Company 1t was voted to issue 81, 100000 bonds to
take up the 81 ,7S7 900 bouds originally Issued by
the two Companies included In the consolidation,
and with the balance SSl3 oOO) remaining to com
plete the road. The bonds run thirty years from
date, are payable In gold In Boston, and bear 7
per cent. interest. One clause OF the resolutions
suhjoined TO the mOrg age provides that the agree.
ment between the Connection Railroad Company
and the Boston Equipment Company, dated Jan.
uary 1871, for the leasing and COuditsonal pur-
chase OF rolling stock shall be recognized as the
deed Of trust filed January 18Th The bonds were
placed upon the market about week ago.
A suit has been entered in the Common Pleas
Court Of Carroll county against the .Connotton
Valley Railroad Company by a number Of credit.
ors OF the old Ohio & Toledo road. The latter op.
Grated about twenty-five miles of road between
Minerva, Stark county, and Dell Roy, Carroll
county, In December, 1877, suit was brought
against the Company In the Stark scounty Court,
and resulted in judgment In favor Of all the diF.
ferent creditors Of the road, among which was one
In favor Of George P. Davis, Trustee for the first
mortgage bondholders, for $SS, 1888 &c. The road
was unable TO meet these judgments, declared
itself insolVent, was appraised with rolling stock
and other appurtenances) at $41, 900, and sold by
the Sheriff Of Stark county to George L. Ingersoll
for S2, COL Ingersoll In turn sold It to the Con.
notion Company for 81. The road was laid with
new rails, and at present forms part OF the Con-
notion Valley. In December, 1880, 7. D. Yost &
Co., who held judgment for S9ll 81 against the
o. & T Company, made an attempt in the Court
here to recover 1t by having the sale OF the Sheriff
declared invalid. The suit, however, was lost
The petition in this latter case before the Carroll
county Court, asks that the sale be set aside on
the ground that there was collusion between the
officers Of the Ohio & Toledo and the Connotton
Companies to defraud the creditors Of the former
by selling the road to the latter Company at a
price much below It's real value.
The ConnottOn management say that this is but
another attempt to annoy them and that the Con.
notion will not be affected in the least thereby,
steubenville, Cadz and other cities toward the
river are anxious to have the Connotton extend.
ed southwark, Some Of the principalgb gbusiness
men OF Steubenville are canvassing that city to
see what will be done by her citizens. At Cadiz
at imprOmptu railroad meeting was held recently
and commit ee, consisting Of H. Boyles, John
Conwell, W. B. Law, and John N Havelfeld, was
appointed to come to Canton and confer with the
management of the ConnOtton as to the prospects
Of the proposed road through Cadiz.
FREIGHT BLOCKADE ON THE P.F.w.GC
The Ft. Wayne road is laboring under freight
blockade Like all the other great trunk lines 1t
has had an enormous press of business this season
and their supply Of cars and engines has been
insufficient to trar sport the fast accumulatirg
freight with sufficient dispatch. One of the rules
Of the road is that all freight cars after arriving al
their destination must be unloaded at the expira
ton of twenty.four hours. This rule is inVolun.
tsrialy broken almost every where Here In Can.
ton the switching engine does not generally gel
all the freight cars on the unloading switch with
In that time