The farmer and mechanic. [volume] (Raleigh, N.C.) 1877-1885, 1882-10-25
What Caused the Break in the
Ring which Controlled the
stock.
fspeclai to he \. Y. Times

RALEIGH. y. C.. Dci. lit has de-
veiolcd here to-day tllat the cal.Se 81
the b.eak n the syndicate dat la> he.e-
toiore controlled the Ricrmond AID
Danyille system of railways WIS made
~ Stewart. of Richmond, selling III,
Sock. He was one Of the syndicate.
ana his selling broke the .tool. rs
slla.es were bought BY the Standard Oh
Company, George Pullman OF the Pa
ace Car Company. :. Is. Plant Of re
southern Express Company. X. /. WI
500, II the East Tennessee, Virginia
and Georgia Railroad, II Jim keene
who bought 10000 shares iast week of
the Danville and West Point Tenn nal
stock. Robert Hairs, of the Erie Road.
is to be n of the a~irec,ors, and will
represent Rockate.-er's interest. Col.
Bulord holds on to his sock, and W.
L. Clyde, I. NJ. Logan, and the Oil
Company now own the road. 1t Is ex-
peyted tnht ex-Nice President Iassatt,
Of the Penns ylvania Road. will be taken
INTO the new pool. The transfers have
not yet been made. hut VII be in a lew
Gays. The parties to the race are now
in New York for this putDose. Tn
doubtedlv this change of ownership was
pronlo,ed by the Baltimore ana Ono
Railroad Company. and it i intended 70
popr the whole Soutnern trade into Bal
, mo,e inStesd OF into Richmond. as
heretofore. Already there is talk here
by men from Richmond Of bullling a
e 0 a from Richmond to Rid sowav.
o. the Raleigh and CASTOR Poad. and
the completion OF the Raleigh and An
eusta Air Line to Columbia and Angus
IN IN order to make another SoI .herm
Though line, which would be controlled
by jon u. Robinson and The men who
W the Seanoald and iioanQke the
Raleigh and Castor II the Raleigh
AID Ar, ga Al Line Road. The road
from Washington to Qhantico Is owned
by the PennSylvan a Genital; that from
Ql2n, 60 to Richmond ) owned by
Mon"ule Robinson. The father Of John
NJ Robinson. The bpi,ding of the ink
t,om Richmond 20 X G.eway and itom
Hamlet, y T.. o Augusta or Atlanta
would make a though competln. line.
and would help New Io.k AID The
Pennsylvania TOAD. There Is consider
able excitement ovaf ne matte. a,lti
,ais j dle Status to-day a. ob.alned Loal
2'toad OF, ais. 4 well-knoWn RAJ
. i man f.oIa Bal,imo.e now hete SAYS
,iat NJ. Ga .et presiden, 81 the Bal
moe ana Ohio Road. say, he has been
z M tof the pas. Two months for
the cont-ol ca tnL Richmond and Dam
vile. and That it vas understood ii BAL
,imore last Monday that he had been
successful.
RICHMOND. VA. Oct. 14.-The wri.
Ter this evening called upon Col. L. NJ.
II. Talcott. the general manager Of the
and Danville. That gentle
said he had no infimation or intor-
Of any change in the oaGershp
Of the road. He said he had known for
time thai the stock has beer
bought up by persons III New York all
other places. lie thought. however.
that Il controlling portion Of it was not
III the hands OF any one person o. in
tefest. sholid he Baltimore and Ohio
or any other interest seciIEe con,rol OF
the Danville system. il might probably /
the Clyde line. 1t pcsel..
the steamers of that line run II connec-
ton with the road. Mr.. Clyde has Il
interest in the Danville Read. and
* Is probable that he will take steps to
,rottct il. 1t is also thought by some
Mr.. iirniin. on. or soIae other
,ep ceen.aive OF the Chose 'eahe and
ono. j e pdeayo ING to see"le control OF
,he Dalvi'le Road for The pu pose ot
u e. 10 the ,tadc rhe South to
>tN,3as News. the ca cen and deep
" a.er ,e- 1f'nue Ut tGcf road. ii VII
j . aotY e ~cNe al DAYS before the I U.e
sac OF affairs j. known.