The daily gazette., 1881-03-23
ANOTHER NEW MOVE.

1t is we'll known to what extent the
Pennsylvania Railroad has been fight
ing the b. & o. r. R., in regard to the
passage of the latter company's ears
over the junction road from Grey's
Ferry. So bitter was the fight that
the matter was carried to the U. s.
District Court of Pennsylvania, and
the suit was decided in favor of the
b. ~ o. This led to the transaction OF
Gould, Haven and Garrett in endeav-
ing to purchase controlling interest
iii the p, w. & .. r. R., In order to
allow the b. e. o. to run the p, w. q
b. X. r. How the plan failed and the
subsequent purchase of the P. w. u
b. by the Pennsylvania, is SO we'll
known to our citizens that is unneces-
sary to repeat it here.
The question then arose what was
the b. ~ o. to do as the P. r. r. had
them in their power. Then it was
that the amended charter of the Della
Western loomed up, and it was given
out that the b. g. o. would avail them
selves of the benefits Of the charter and
construct competing line. This
rumor seemed to he well founded when
a few days ago heavy purchases were
made of Delaware Western stock by
I'll. s. McComb, in order, it was report
ed to deliver over a controlling interest
to the B. u o.
Now matters seem slightly mixed.
During the present week an order has
went forth from the Pennsylvania
officials to carry all through freight
cars of the b. 81 o. r. R., from Balti-
more to New York over the tracks of
the p. X. r. This order was taken
advantage of yesterday and over two
hundred B. & o. freight cars passed
through thi city north.
1t is also stated on Monday next the
P.R r. will carry the B. q .. pas
senger ears over their road. By this
means the Bound Brook aid New Jer-
sey Central Roads are cut out.
The Philadelphia Pre-" says the
agreement between the two compan-
les was signed in New York yesterday
and adds:
By this arrangement the Baltimore
and Ohio will get an unbroken through
line to and from the WesJ for passen-
gers and freight, which will prove ad-
Yantageous not only 10 that company,
but convenient to its patrons. The
Pennsylvania will largely increase Its
earnings on the New York Division
and get steady and paying business
for it's new line to Baltimore, the p,
w. & B,
THE PROPOSED REV LINE.
Opinions differ as to what the effect
will be on the proposed new line Il
Baltimore. AS far as the Baltimor'
and Ohio Railroad is concerned th'
scheme is dead, as there is now no rea
son why that company should pu
money into the new road.
A gentleman who has had some con
nectiOn with the movement to bull'
the sew line said last night:
"The reported arrangement betweel
the PenI sylvania and the Baltimor
and Ohio will have no effect on tn
proposed road to Baltimore Tha
scheme remains in exactly the sam'
position that it was. l think the roat
will be built"
WHAT PRESIDENT ROBERTS SAYS.
A Press reporter called on Presiden
Roberts OF the Pennsylvania Railroa
yesterday ana asked him about the cor
tract with the Baltimore and Ohio. IL
said:
"rhe Pennsylvania and Baltimor
and Ohio officials have entered into a
agreement by which both companies as
sumo toward each other precisely tn
same relations that they did before tn
severing of the old contract. That Ii
the Baltimore and Ohio trains wi
hencefoIth pass over the Pennsylvani
route to New York and the officials {
the latter company in New York wi
assume charge of the entire business /
that city. The arrangement went int
effect this morning at 7 O'Clock, at whic
) hour the Baltimore and Ohio officials Il
: New York turned the business over t
the Pennsylvania Railroad Company
Trains, however, will not resume ruu
ming over the Pennsylvania route unit
Monday next"
i All this accords with the prediction
President Roberts in an interview VT
Press reporter at The time of the al
nouncement of the purchase OF til
Philadelphia Wilmington and Bait
more. President Roberts then said; g
is more than probable we will be alb
to make an arrangement which Wi
+ avoid the construction of any compe
s ing lines"
The effect on the Bound Brook rou
will simply be to take flom l. all u
business of the Baltimore and Oh
9 Railroad.
: A REPoRTEA IssUE OF STOCK.
II was rumored on the street yesterdi
that the Directors OF the Pennsylvan
"a Railroad would at their meeting to-da
a make arrangements for the issue OF y
n 400. 900 shares of stock authorized by u
N stockholders at the annual meeting
|. was said the shares would be allotted
N present holders of stock at par at the ra
n of 25shares for evsrY100 held. 1t was al
said that this plan had always been II
lowed by the Pennsylvania kallro'
when new stock had been issued and
new departure might create some SUI
i- feeling as that sugeudered when an |
at surauce Compal y in this city adopted
5 different course recsntly. The privile
lS OF twenty-five shares on one hundre
al with the market price at CO, would ma
the stock worth 10 and would float t
new issue easily and in msst agreeat
way to the holders OF securities of t
road. At the Pennsy lyRnia Office 1t "
De said late in the afternoon, "Notning !
,y vet been dene in reference to issul
.. the new stock.n The stock closed at =
Hnld