The Cecil Whig. [volume] (Elkton, Md.) 1841-current, 1881-03-26

SALE OF THE DELAW ARE " ES TERN ROAD
I IT'S PURCHASE Bi THE BALTIMORE AND
ono E,IL':DAD-SrHvEE OF TIE MEN
LINE BEGUN.
From tie Baltimore sun.
All doubt rs to the intention Of the B.lti-
more and Ohio Railroad Company regarding
IN ind -pen.lent line from Baltimore to Phil
adrlrhia WAS removed "Wednesday by an
official statement tron Camden Station to
tii, effect that the Delaware. Western Road
~i> purchased, on behalf of the Baltimore
and Ohio Railroad Company. the day after
Il controlling interest IN the Philadelphia,
Wilmington and Baltimore Road WAS bought
by the Pennsylvania Company. The sale
was an absolute nne, and the day ON which
the sale WAS made u controlling interest in
the stock WAS transferred t" that company.
II is also announced officially that the Bi-
rinIorc and Dhio Company now has
gnrrrS in the field, and that the new line
between Baltimore and Philadelphia will
be built rs rapidly as men and money can
build il. II j. understood that This is pure
~ - business operation, and i'll nnwi>e affect
the restored friendly rrlttiolIS NOW existing
between the Pennsylvania and the Btltl-
more and Ohio Railroad Companies
None of the executive officers of the BAIT
more and Ohio lttilroad wrr" ut Camden
Station in the afternoon, Vice >i,l"nt
Robert Garrett having left early III the
morning for Philadelphia and New York,
Nure- President VIM. keySrr having proceed
ed him two days since. Mr.. john W. Davis
also left the city in The afternoon tor Viii
ningt"i un important business All n"g"-
tiatiunS concerning the purchase OF the Del
aware Western We're conducted i'll New
York riry Mr. Levi c. Bird, of Whining
ron. counsel for the Brltimore an, OHIO
Railroad Company, III the presence Of Col.
Fl. :. NcComh, representing the Delaware
Western, made the following Statement 10
I 4 representatives OF the Wilmington Erery
Ercning:
"On The 9rh Of March. two days after the
conSummaiinu ct the purchase of The Pill
.,driphia, Wilmington and Baltimore Rail
road 10y III. enn>ylvlnit Company. Wee
I President Garrett, rf the Btltimnrr and
bhio Company, met C"i. Nrtpmh, ny ap-
pontmcnt at the Hotel Brun>wn'n, New
York. There were present also III thai in
tervi-w MIR. tnwen The general ruln$..l ri
the Balimorr:t AND Ohio Company, Mr. Ran
dDpb, rltt engineer for HE same company
and myself. Negotiations Were ut once
opened nr he purchase by the syndicate oi
the Delaware Western line, to he uuttrr the
control and management of the Baltimore
! and Ohin Company"
Col. MSC"uh. who was present at The in
teryirw with Mr.. Bird, here said: Three
propositions were made Ivy me To Mr.. Gar
r,ft. mainly on the grnnnn that he WAS moi
wiliiu:: To pay per cent, interest, as they
had The money offered al l. Each ut THESE
propositions involved Mr.. Nandertilt'S fur
n>hiug the whole of the money for purposes
# investment purely, and the baltimore
and Ohio Company to locate. build and
, manage. tl,. road. These propositions heng
/ declined. Mr. Garrett than made 10 NE Il
prop"sirian to take the Delaware. and West
tr,i Road n an agreed value, letting ii rep
resent my share i'll the syndicate Tor build-
ing the new line, and agreeing with me that
should >har" ratahly in whatever profit
WAS made on he scheme. This proposition
| also tircliued
Mr.. Bird then continued: " Further ne
uotiari"nS resulted in II proposition /" pur
chase the Delaware Western Road. which
purchase MAS then effected. Col. McCumb
agreeing tn deliver ], 200 shares OF Delaware
| Western stock. portion of the purchase
money was then paid and the stock deposited
for delivery on final payment Ia the Balti
more and Ohio Company at any time within
sixty days. the represent itivcS OF The Baifi-
more and Ohio Company assuring Col. Me
Comb that they had determined to hnild the
road. Arrangements have already been
made by the company foran engineer corps,
and operations have commenced ahont Phil
ldelphil and Wilmington. The '"mp"ny
intend to ave The lins between = ill eph
aud Wilmington in rGnhlug raj. Ivy June
l. The balance, OF rhr road, between " IL
mingtnn and BaitiI.iorr, Will ne built ~
quickly an men and money can do il. ]
wish to add" continued Mr.. Bird, THAT
when Mr.. Garrett offered To huy the Del:,-
ware He>tern Read Col. McCAmb unuunll
p,lly and absolutely retusod To sell un-
less With Il distinct understanding and
agreement that the Delaware Western Road
>h"nld ne part nj the new liuc to be huilt
tI..i,. In al
Comb had hpen offered Il llrger urice for the
Delaware Western Road by other parties,
with the view Of preventing the hnilding of
a competing line, than the Baltimore and
OH" Company paid him, hat he rerempinr
! lily d-ciintd The offer.
Il .rrrinL to the 1t ttrinent of Mr.. Bird
thar the road will be built from Philadelphia
To Wilmington by June l, Il telegram from
Wilmington la the ,>UU SAYS: This would
seem To indicate that il is intended 10 use
| the old part ni the Philaielnha, Whining
ton and Balrimore Road fran Gr#y.S Ferry
tn Chester. LEASED ty The Beading lssiroa'!
| for uiuety -niun years, and extended by Them
! almost 10 the Pennsylvania and Delaware
| State boundary line, within ten miles ui
! Hilmugtnn.'
\ later Telegram from Wilmington says:
In accordance with notice given on Mon
day, Il Till will I've introduced in til" l"gi>
! larure tn-m"rrow (tO-day) Ia give he Btl1i-
| more and Ohio Railroad Company authority
! to build Il new line down the peninsula Ia
! compete will! the rrt-cut Delaware Road,
/ which has pissed uitrr control of rhr
Fruusyi yaEIa Ii throat trmniuy through
! lis purchase of the Pniladrlphia, Whining
! ton and Baltimore Railroad tompIny,>