Daily Republican. [volume] ([Wilmington, Del.]) 1874-1890, 1881-02-24

How the n afaoP asa EtsS-t m cot
aaK of lhe T.. w. d ID Directors
Yesterday IA Ehis sUuy-SpsaUis-
ttOns for sno Future.

lie IcO6ut BuuIcH GhdukC III shN
management In the P. W. Il B. Rail
road continues 10 be the topic OF oon'
versasion and nearly everything else
Is lost sightot.
The dir. csors Of the p. w. Il 3. Ril
road met st their office IN this oi'y yes
tsrday at ore o'clock she mes'iGg hav'
ing been oalsd some ten days ago
President Hllokley was present and
occupied the chair. The Meaing OF
courss was held WITH closed DOORS
making IL difiloult for outsiders to hear
what hsd besn doue. The meeting
however must have besn remarkable
ona In view OF the sndden chsuges
which have taken place. Directors
who for many years havt been Officers
OF the P. W. 4 B. Railroad found them
selves all at once by no sction or v"lI-
tion Of their own Directors OF an entire
ly different Company.
Their surprise may be imagined.
Two existing vacancies in the Board OF
fered very convenient opportunity
for the election OF Robert q 4rrett Of the
Baltimore & OHIO Railroad, and q. G..
Haven of the NeI Jersey Central, as
members Of tie Board Of Directors.
Th $50 gentlemen represent the nsH
combination and controlling a majority
OF it's stock Of course dominate tue
MANAGEMENT OF the road In the interests
OF the Baltimore h Ohio.
80 far the change is thorough aud
complete. II was also reported out-
side that other vacancies were to be
made 70 be filed by the election OF Jay
Gould and John Lowbsr Welsh. TO fur
ther represent the new combustion.
The election Of the two Directors named
was the principal business transacted,
The plans for the building OF the new
depot we're examined, but 1t Is under
stood the directors declined to bind
themselves to carry out any plans ex.
cept those already uDder contract. ThLs
Ia the frst baCksst TO the building OF
the new depot, but this action must
not be taken al de6nlte and conclusive
that the new depot will not be built.
A dinner az usual followed the lAeat
ing at which considerable conversation
OF a social character in regard 20 the
road was INDUCED in, Mr.. Charles
Warner who ID SAID to be much cha
grined At the change which hss taken
place, is said TO haveturued to NatAsn,
lei Thayer of Boston with tue remark:
"What Induced yon to sell your
stock, Mr.. Thayer' You were re-
csiviug a good dividend from is, and
understood that your fsthsr did not
wish it sold"
President Hinckley promptly an.
swersd for Mr.. Thayer, saying:
"The Boston s.ockho!i4rs were
pushed TO the sal9 by the illiberaI
spirit Of the press and psCpIs OF this
oity."
Mr.. Warner, il ia said, wilI resign at
an early day and other Directors, 1t Ii
said, entertain similar intentions.
Though no tins has been fixed for the
new formal ORGANIZATION OF the com.
pany aud the o., c,ion Of officers Mr.,
Warner thinks it will bsabout the 18th
instant, and it ia said that all the
stock of red for sale up to that date
viii be paid for at the rate Of $40 per
share, tho same rate as is understood
to have besn paid for Mr.. Thsyer's
stock.
Thsugh the transfer is complete 60
far as the p, W. Il B. Railroad is oon-
oerned, Appearances would indicate
that tue railroad var is far from being
over.
II looks now as II The war was TO go
on, Jay Gould and the Baltimore and
Ohio Railroad, being pittsd against
Col. ii. 8. McCOmb, Mr.. Vanderbilt aud
others who first helped in the Della
ware Western Bill. Ii looks as II the
new combination we're wide enough
awake to pacify the Pennsylvania
Railroad by providing that their in.
terests will be taken care of the same
Ns they had been under the old man
ag9ment. This il is said sat 81 % that
corporation for the present but IL
does not satisfy Col. MoComb and the
men who are backing him up. Mr..
yesterday reoeived telegram
from Mr.. Vanderbilt stating that he
had not taken any stock in the pool of
the purchase Of the P. W. 4 b. and
would not. He stated further that il
The Delaware Western charter could
bs al onos granted aud no obstacle
therein in the way, they would 20 on
aud build the new road 1t Ia also
probable that an amendment will be
lacked Oh the pending bill, providing
'or new road down the State. The
cooperation Of Vanderbilt and McComb
will then make combination amply
lhls to cope with Gould, Thayer and
Inc b. so.
Mr.. Vanderbilt said, when approach.
81 80 to the new roaa, tat he went IL To
i considering it a SAFE Investment aud !
VI covering the most promising nn.
railroad ground in the Esst,
Colonel McComb also said that MY.
Vanderbilt paremptorily refused to so
INTO the pool. and that CT the original |
combination for building the competing |
ine, only one OF the monsyed men,
Mr.. Garrett, had withdrawn. Colonel !
DC Comb said be would promise moth
ng, and if the bill was not passed by !
he Legislature untrsme'sd, nothing |
would be done. The road down the |
state would updon btadlv ba bpilt in
rood time II the charter is passed, and |
he Delaware Western is unwilling to
YORK under any charter already |
,ranted.
Mr.. Mccomb deniss that the Balti.
more and Ohio Railroad has a CONTROL !
ing interest in the pool, as Mr.. Garrett /
lad only subscribed 81 ,00O, 900 of the
took which is about 1.l3 at the pool.
10 says the Baltimore and Ohio has an
bvious interest III killing the Delaware
Western bill and hse lately begun the