The Somerset herald. [volume] (Somerset, Pa.) 1870-1936, 1883-10-17

RAILROAD NEws.-Quite sensation was
created in Somerset last Wednesday by the
announcement in the Harrisburg Patriot that
the Harrisburg 4 Western had sold out to
the Pennsylvania Railroad Company. The
Patriot said; There is every probability that
the Harrisburg and Western railroad will
never be built. Every portion of the south
ern border counties; from Franklin through
Fulton. Somerset and Bedford 20 Fayette,
will receive the announcement with great
surprise, as the preparations made for the
new line have been taken as an ear
nest of good things to come. The fIll de-
velopment ofthe rich mineral districts touch
ed. the growth Of the coke regions and new
life to the various iron industries were some
of the prospective results of the advent of
eastern capital, and to remove every antici-
patton Of their reality will doubtless be
shock 10 the hundreds Of communities
awaiting the coming of the road, its build
ing and equipment. From well authentic
atcd sources II Is learned that William II.
Vanderbilt has disposed of the charter and
route Of the Harrisburg and Western rail
road to the Pennsylvania railroad company
for the stockholders. receiving therefore the
sum Of $1,000 0Ol This is considered by
the few parties acquainted with facts as stat
ed as entirely probable
The Bedford Inquirer of October Is says
From a thoroughly reliable source We learn
that the South Penn Rail Road is in condi-
ton to build the road from Harrisburg to
Pittsburgh. The capital stock which was
placed at fifteen millions of dollars was ali
taken by eighteen men. The highest
amount subscribed by any individual was
five million dollars and the smallest amoun'
was fifty thousand dollars. Twoinstalments
of5 per cent each have been paid on the
stock and instalments of > per cent will be
paid in each month until the amOnnt needed
to complete the road will be paid. There is
now IN the hands of the Treas urer one mil
lion five hundred thousand doll ars and the
third instalment offs per cent or seven hun
dred and fifty thousand dollars will be paid
IN this month. It was decided that the caP-
tai stock should not exceed S20,ooO,tOJ and
10 increase should be made without the con-
sent Of a majority Of the stockholders. There
l. no stock for sale The bridges and tnn-
nels are all to he built FOR double track
road and the contracts for these will be CIV
en- in short time. The delay in this mat
ter has been caused by reason Of the bids
submitted by the contractors from the west
ern part Of this state. Their figures were
not only lower than that Of other bidders,
but so moderate that the committee having
the matter in charge handed it over to
snecial committee TO make Investigations a.
to the ability of the parties to carry on their
contracts will be given at once. II Is said
that the road is built OF these estimates the
cost of construction will not be near SO large
as was expected In referring TO the shops
for the new road, the Harrisburg Telegraph
speaks as follows.
What has heretofore been said, rumored,
surmised OF speculated upon in reference TO
the erec.ious Of fextensive work shops to be
built and used by the Gowen-N Vanderbilt
combination III lh' HI'!''o1A hth t'uAA
PENNSYLVANIA railroad line, the works will
certainly be located on the Harrisburg side
Of the river. and at point within eight min
utcs walk from the business centre of the
rity. This much has lately come TO light
The precise location will be made knawn as
soon as the necessary preparations will begin.
The work will necessarily give employ
ment TO hundreds of mechanics and labor
ers. and will add materially to the monthly
influx of cash rs well as to the important
and rapidly growing business interests Of the
CITY. The land has been purchased for the
site and owing TO its present condition
Great deal Of work must be laid out on it be-
fore il is 1T for the erection of buildings
thereon.
on Saturday Col Isaac Hugus' received
card from BIZ friend James Norrell, until
lately director in II. 4 ". railroad. stating
in most emphatic language, that il was all
lie about the sale and that the contracts
would in all probability be let this week.
Robert II. Saver has been elected presi- |
dent and chief engineer of the Harrisburg
and Western railroad. William F. Skunk
was elected associate chief engineer and Civ |
on full charge of the construction. Oliver
~. =, - - ,,,a3a consulting engineer. 4