New-York tribune., 1883-12-13
RAILWAY INTERESTS
THE LEHIGH VALLEYS PLANS.


CAGO-cHARACTER OF THE ROAD.
fFRoM AN OCCASIONAL CORRESPONDENT OF THE TRIBUSh
MAUCH CHUNK Penn, Dec. 12.-" Important
changes In the Lehgh Valley Railroad may Do ooKeu l
shortly" said prominent official OF that ROAD 10 IkiD
correspondent yesterday afternoon AT present. ho
continued comparatively few people are aware
that the Lehigh Valley Is through trunk line between
New.York and Buffalo, with doubetrack, and that our
fast train. known tho comet, makes the run DO
tween the two cities In less time than any other road can
possibly mako It. We beat tho New-York Central' tuo
York, Lake Erie and Western and the Delaware'
Lackawanna and Western by from one to two hours IL
will be but short time before have new through
line OF our 10 Chicago, and then We shall maKeH
pleasant for all the through llnes' including the
Pennsylvania"
"How do you propose to get into ChicagoP
"There several ways possible. Connections could
be made with OF the Canadian rods or we couid
build new Line OF our The Lehgh Valley RAILROAD
does not owe dollar In the world, and 1t pays per
cent dividends every year. Ever since we purchased our
valuable properties in Chicago and Buffalo the necessity
for through line has become moro and more apparent
every day We could also procure control OF the New
York. Chicago and st. Louis Railroad better known per
haps as the Nickel Plate II We desired"
But is not that road owned by the Lake Shore and
Michigan Southern Railroad in the Vanderbilt INTEREST,"
"We 1t has been generally 80 reported butsuch not
the fact There were when tho Nickel Plate was built,
$220O0000 OF prcfered stock issued, together with
$2S0O0000 OF common stock, $5 100000 of first mort
gage bonds and $i,0O0O00 car trust bonds Tho Slo-
100000 OF first mortgage bonds entite the owners 10
vOte-a fact which It seems Is not generally known.
When the Lake Shore and Michigan Southern Railroad
acting, OF course in the Vanderbilt interest bought the
Nickel Plate they only purchased stock 10 the amount
OF S27.0O00O0. The bOndhoders were guaranteed the
interest upon hernvestments the bonds quoted
at 102 and there the matter rests Probably not dozeh
OF people, outside Of the small circle of men who hold the
bonds, and who bought them ot 80, know that
they 'votabe Just the the stock Take the
s27 900 900 OF stock that tho Vanderbilt clique bought
deduct from S5OOOOOOO the amount OF stock Issued
the balance is S23 OOO Add 10 this the Sl5OOOOOO
mortgage bonds with voting power and you viii see
that Mr. Vanderbilt does not the Nickel Plate road
by Just about S11 ,0OO0 900"
Then the that the West Shore and the Lehigh
Valley both trying to capture the Nickel Plate Is
true Is !"
THAT Is leading question: OF course II the Lehlgh
Valley can build road to Chicago cheaper than we can
get control OF the Nickel Plate shall build the new
road A movement Is already on fOot-although being
conducted with the greatest secrecy-by a prOm
nent syndicate OF New-York capitalists to build
a new lne I'm connection with certain lines
already in operation, between Chicago and
Buffalo We might make Arrangement with this synd
take their road and operate IL with our own Ihs
would give US what We want and then the New orK,
West Shore and Buffalo people would be fIee 10 get tue
Nickel Plate I'm case the deal win the GTahu
Trunk falls through That would make the Erie, New
York Central Delaware Lackawanna and Western, Penn
sylvania and Lehigh Valley all competing nheS lor
Would that lead to a war OF any kind. such as
Unless the Lehgh Valley entered the trunk line pool
It probably would lead to some heavy cutting IN rates
especially In OF tho fact that road would be 80
much shorter than any OF the Others Another thng we
could run our uains by daylight thr9hGsa rhss5 tis
called the Switzerland Of America and the
beautiful scenery would prove dIaWng earl iroa. "A,
Ing daily because of the wonderful LANDSCAPES 10 Do seen
What are the recent improvements along the Lehgh
Valley Railroad. 10 which you have referred r. - ,,
I'VE have spent over Sl.o0OOOO In CHICAGO an I'M
mcuse sum has been paid for terminal facilities In
Buffalo; elegant new station T. bnilllhg NJ "ilNes
Mnucb Chunk and large sums OF money are being spent
10 make our track and baa-tng the most perfect IN hs
make aside from the through line TO Chicago WIN be tne
construction % new road OF our own fr3m M1,ucTn 10
newark md then eventually 10 Jersey tty u VIII not
be long before our road will every inch Of It's track
lively state Of ahnirs."
ANIMAL MEETINGS II NEW-ENGLAND.
Bo,rox, Dec. 12.-Thc annual meeting OF
be bond nd -tockhocr, OF the Eastern Railroad Com
many yea, held here today Tho bouIhodcr' were first
chilled Ia orlcr by Joshua Crane and the election OF SIX
directors on beh. OF certificate boldcrs was proceeded
with resulting as follows: Frank Jones' oi Portsmouth,
y n samuel C. Lawrence. Of Medford George T. Morr-
SON. Of New York; Richard oney. Of Bo'ion jacob Z.
uorcr. OF Peabody, and Arthur Sewal. of Bath Me.
President g. T. T. Jackson called the stockholders meet
ing To order Jonas II. French, who 1t IA proposed TO
onst from the directorate. addressed meeting making
an acrimonious speech, which created some commouon'
Tho t,Ioylug were elected directors Francis Amory
~ Boston; Thom. W. Hyde, Of Bath, Me- and Charles
HoughtOu, Ot Boston.
LAwREScF Mass, Doc l2.-The annual meeting OF the
stockholders OF the Boston and Maine Railroad was held
h morning. President Lord in the chair Tho report OF
the Directors was accepted The third article OF the by
laws Of the corporation amended so as TO authorize
hc Ioard OF Directors Ill vacancy that may occur
therein The ballot for Directors resulted In the choceot
hc old Board motion that trains shhii no longer D7
tnn on sunday was By an almost unanimous NOte' ic
fcrrcd to the Directors.
TIE RICHMOND AND DANNlLLES REPOEI
RICHMOND, Dec. 12.-The annual meeting OF
fine stockholders OF the Richmond aud Danyile Railroad
Counany was held to-day. President 4. ;. BufOrds
r.uort shows the earnings from all sources to be
So sos 70l and the expenses OF maintenance and opera
tion. S22lS S53 leaving the net earnings Slos6037;
add 10 this ls3l9 the amount received from interest
~, Investments not including SJ3,3j6 received from In
rcst on tho Northwestern. North Carolina, ana railroad
bonds held by this company the total net revenue Tor the
vcari shown to be 81 GOj 256 Tho total interest on the