The daily gazette. [volume] (Wilmington, Del.) 1874-1883, 1881-03-09
About the Purchase.
HOW TIE r. r. Il. co. MANAGED
IT'S CLEVER SCHEME.
eARREry's MOVEMENTS IN NEW YORK


GARRETT's MOVEMENTS IN NEW YORK
THE EFFkcr OF THE NEWS IN THIS
CITY, AND THE PRESENT STATE OF
AFFAIRS.
More profound even than the an.
nuuhcemelt, two weeks ago Of The aal.
OF the r., w. IL. b. II. H. 10 IN. R,lti.
more IL OHIO was the seusation causad
III Tins city, Yesterday, thai the PennsvI-
vania Railaoad Company had secured
control of the road by the nurcbase of .
majority of the stock. 1t had prpyionsiv
been wrll understood that the X. n O;s
purchase was depended upoD the ahili,v
or The Tbayer syndicate in Roston ~
deliver a controlling interest of the stock
and the subsequ-ni activity in p, W. e.
b., stock showed that spirited struggle
';a "a5 ~ piosle's iol possession II the
nhaJoii'y. ou"sequeht events proved The
sn'''t wanna Sohpahy 10 Do Tie win
'ieis'
"AhhEiT IN NEW YORK.
That RooeiE Garrett, Of the Baltimore
= ONO company, has been awaie ofhis
Impending failure for several days 10
made evident by his presence in New
York, and his Efforts thero 10 secure the
stock promised by the ihayer syndicate.
Nav W ~ "n - 81. ,,,! oione. sara 10 a
"Ihe Philadelphia, Wilmington and
Baltimore line las passed out Of the con-
tfoi OF the Baltimore and Ohio people,
anu air. Garrett has bean In The street
To-day III a great state OF mind over his
lsilurc To got cOhtro. vi il. is said thai
lie has been complaining very nuch OF
the interi,Iehce Of Northern railroad
inen III the affairs o. the Southern roads,
ana has actually been travelling about
lying 10 gather proxies enough to put
.it' anderollt out OF the New York
1ehtral as counter move. He has been
'ausoeo a. '"r BIS pains
GARkETT's OPPOSITION.
The opposition to Garrett,s seheme
was a syndicate composed Of Henry p,
kdder, Chas. u. Cottinc. Henry +.
Higginsnn, Chas. p. Bowditch and VIM,
MinOt, Jr., of Boston, who ON the frs, ~
March issued circular TO the stock
holders, citing The then existing state
Of Affairs, and ctf.ring to hold ali stock
forwarded to them and dispose OF it to
The best advantage. They sold to the
pennsylvania Railroad.
ruroppYc,,, .NNo
AN-'0oNSA"NNf'
The ofhcial announcements of the pur
chase OF the r., w. q Is. 4. R., was
haue ~ Ihllaaelphla, yesterday at the
aAAual meeIlug OF The stockholders OF
the fehusl wanna railroad Company by
4 81.
"ouia IKE 10 cdli the attention OF
the shal ehoiaers 10 matter OF recent
occurrence. nc fhlladeiphla, VIII
hlhsloh anu baltlmofe hallfoad Com
paly was ABOUT passing INT" the con-
INTO the cohtfol ot compsny whose
interests are inimical to The interests
ol the felnSylVahla railroad Compa-
ny. Fearing the disastrous results
winch such change might have upon
tue prosperity oil the pennsylvania
ltallIoau Company, the management,
aided by the directors, thought it wise
To ascertain whether That property
could be secured aud held in the con-
troll OF the Pennsylvania Railroad Com
pany Alter a u orongh investigation
oi he matter, no earlier than yestor.
day the executive officers of the com
pany mel persons holding for them
selves anu otners control OF the
Philadelphia, Wilmington and Balti-
more Road. and did then AID tbara
a,,,,t,,ft ,..:tl, a., -.
couclude eoiieIact Win tnis commit
tee, representing stockholders of the
philadeInhia Wilmington and paIt;
~ Ih', 1o ? oi
inoie hdiiload 1OIipany, lof the puf-
chase of the capital stock of that com
Dany nf Sn much of tha e,n; ,l .taol
f".' W '.AS up, "i se~Sh
as Ihey desired 10 sell, To give The Penn-
sDlVania Railroad COMPANY tho CON.
taol aud a,,eia,tian oF tha oan,n TLo
- "Ae nc
synulGdIe Will whom the pennsylvania
Railroad officials We're negotiating
very justly declining to sell that which
they owned without COMMUNICATING
Win otioi siiaIeioisi9is, 1iie ciosIhg Oh
Inc contract I, was aeiayea ier . ,e"
honis. nat contract was eloseei iast
evening a1 - eloek, ahu ia, ihed ana
confirmed py Inc boafo Oh directors.
ms Is mater Oh SO mueh import.
ahee to tne stockholders that we
Thought IL III that Inc STOCKHOLDERS at