The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1882-10-28
THE E"NIcKEL PLATE. Road,
The Controlling Interest Of the Ron,
Purchased by n Svutffrnfe

The Controlling Interest of tho Road
P"rciimsctl by n Syndicate.
CLEVELAND, October o7.--presidcut Dcve-
reux, Of the Bee Line, was asked to.,]ay as
to the truth Of the report Of the sale OF the
New. York, Chicago 4 St. Louis Railway,
best known as the Nickel Plate. lie said
he aud Judge Burke, Of this city, bought q
controlling interest in the road Tor u syndi.
cate, paying seventeen for common stock,
and thirty.seyen for preferred. Further
than this he Is not at liberty TO speak at
present: He wishes the information for
the public 10 come from New York, il
given ut all. lie said other DEVELOPMENTS
are in progress, not yet Understood. which
will probably mature within a month
and that when everything is male known,
no thinks everybody will be satisfied with
tho changes: Judge Burke, who is Vice
President Of the Bee Line, and also OF an
other road, supposed to be interested, is
expected home Tomorrow night. -
New foEg, October 27--j. IL. Devercux,
President Of the Cleveland, Columbus,
Cincinnati 4 Indianapolis Railway Com.
pany,, and Judge Stevenson Burke, Vice
President OF the Hooking Valley & Toledo
Halfway, as representatives OF the syudi-
cate that is interested in botl, roads, have
acquired control Of the New York, Chicago
4 st. Louis Railway, more iamiliarly
known as the "Nickel Plate" The capi-
t's!!sls they represent are not known.
The Tribune says: In the opinion OF
many the purchase OF the Nickel Plate line
WILL be regarded as removing 1t from the
list OF active rivals to the Vanderbilt rail.
roads: nevereux, however, has been
prominently connected heretofore with the
Erie Railway interests, both.in the East
and West, and he was The receiver of the
old Atlantic 4 Great Western road, which
is an adjunct Of Jewett's road.
CHICAGO, Ills October &c. r. Cum.
mings, President Of the New York, Chica.
20 4 st. Louis Railway-"Nickel flate"-
isstrons in the belief that Vanderbilt has
not bongh. any stock in The road and SAYS
that nc thinks yesterdays purchase was
made by tue parties who contr u the Cleye.
l!and,, Cincinnati 4 Indianapolis road.
MIR. Cummings did not know exactly how
much stock bad been sold, but knew that
the controlling interest was disposed Of
yesterday. -. d -75 T-'f5. -.
CLEVELAND, October o7.-1nformation
from n trustworthy source is to the effect |
that when Jay Gould passed through this
city lust Sunday be had conference with
Judge Burke, who is said 10 have con.
tidential relations with him. This circum.
stance leads Il few who would know Of Il !
to hellcve that the Nickel. Plate hus been
purchased In Gould's interests, On the
other hand the Cleveland Herald which
has been in measure the organ of the
Nlckel'Plate, and one Of tho proprietors be.
ing prominent official Of the road, edi-
toria'ly refers to Vanderbilt as the pur.
chaser. 'sl
CmcAGo, October GA gentleman here
who, is in position to know whereof lie
sreaIa. says The purchase OF the "Nickel
Plate road Instead Of being in tho interest
OF Vanderbilt is in opposition to him. His
statement! is 10 the effect that some
time since Devcreux and Burke.
in Whose name the "Nickel Plnte''
was purchased together with Van.
derbilt and some English capitalists.
pnrchased the Cleveland, Colum bus, Gin.
cinnati 4 Indianapolis, Vanderbilt, It is
alleged, promising to cooperate with his
lines 10 the extent Of making it dividend
paying; that after the directory was re.
10 suit Vanderbilt ihc other
members Of the syndicate discovered
that Vanderbilt had sold his inter.
est and quietly swithdrawn; that this
incpr!Ted Their ~ will, and that in order to
Fetallate G OH him flevereNx aud 'liuykp In.
dneed the Engl;sh capitalists to buy the
"nlcEel plate" xlii0ti with O. G.. CkI,
create m Independent system, enabling
them TO iniliet retuliatory punishment on